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R.E.M. Frontman Michael Stipe Sells Soho Penthouse for $9.6M

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Former R.E.M. frontman Michael Stipe (the band broke up in 2011) has also broken up with his penthouse apartment in 533 Canal Street, selling it for $9.6 million, The Real Deal reports. Stipe listed the apartment back in June of 2012 for $10.95 million, telling the Journal that he was looking instead for a large downtown studio space where he could work on his sculptures. He bought the apartment for $5.75 million in 2007 from actor Casey Affleck, who in turn bought it from director Gus Van Sant.

· R.E.M. lead singer sells Soho penthouse for $9.6M [The Real Deal]
· It's The End of Tribeca As He Knows It for R.E.M.'s Stipe [Curbed]

533 Canal Street

533 Canal Street, New York, NY 10013