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Billionaire Earns a Pittance on $15M 'Ultimate Soho Penthouse'

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Real estate developer Leonard Stern is worth some $4.9 billion, which really puts the mere $400,000 he just pocketed into perspective. He just sold the "ultimate Soho penthouse," for $14,650,000 to one un-Google-able James E. Payne of Scottsdale, Ariz. After buying the place in 2010 for $14.25M, the philanthropist who gave NYU's business school its name decided to doff it in April of 2013, asking $17.25 million with nary a renovation. The PriceChopper, naturally, got involved, and the most recent ask was $14.9M. 6sqft first spotted the sale of the uber-luxurious 4BR/4.5BA, which comes with a zen solarium and giant rooftop terrace with a pool. According to Forbes, Stern's company Hartz Mountain Group owns "38 million square feet of property in New Jersey and New York, plus 120 acres of undeveloped land," so what's a 4,315-square-foot apartment matter, when you think about it?

· Billionaire Real Estate Developer Leonard Stern Sells Soho Penthouse for $15M [6sqft]
· 'Ultimate Soho Penthouse' Returns, Seeking $17.25 Million · Billionaire's 'Ultimate Soho Penthouse' Slashes Ask To $14.9M [Curbed]
· Touring a Billionaire CEO's $14.9M 'Ultimate Soho Penthouse' [Curbed]
· All Ultimate Soho Penthouse coverage [Curbed]

459 West Broadway

459 West Broadway, New York, NY