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Design Within Reach CEO's PH Finally Finds A Buyer for $4M+

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After putting his three-bed, three-bath Chelsea penthouse on the market last year, Design Within Reach CEO John Edelman has finally found a buyer. Sure, the PriceChopper did pay it a couple of visits; he listed the unit at 150 West 26th Street, which he designed himself, for $5.5 million in November, but has had to slashed the pricetag twice since then, to $5M and then again to 4.5M, and the Post reports that the apartment is finally in contract for over $4 million. There are three giant terraces, a TV in the master bathroom, and a replica of one of the chandeliers from the Metropolitan Opera (which, at least when the Times wrote up its "midcentury modern aura," could be included in the sale). It appears that Edelman shelled out about $3 million for the unit via an LLC.

Edelman told the NYT last year that he was willing to sell his "dream apartment" because his primary residence is in Connecticut and he didn't see his family using the apartment to its full potential. But don't worry about him, since the DWR maven has apparently got "a warehouse full of Milo Baughman pieces" to keep him company in CT.
· Listing: 150 West 26th Street #PH [Halstead via StreetEasy]
· Boerum Hill beaut [NYP; 3rd item]
· Celebration of Modern in a Chelsea Penthouse [NYT]