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After 7 Years, the Novogratz's Hoops House Sells For $14.5M

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It's been almost seven years since the quirky West Village townhouse designed by Bob and Courtney Novogratz first went on the market. And now, after what's seemed like a lifetime of price cuts, the townhouse has finally sold, and yes, it sold after yet another price cut.

The New York Post reports that the five-bedroom home sold to a foreign buyer for $14.5 million, down from its ask of $15.95 million. That's a pittance compared to its original ask of $25 million all the way back in 2009. And the price reduction saga followed thereafter going up and down over the years, until finally settling on a $15.95 million asking price last September.

Designer duo Cortney and Bob Novogratz purchased the then 1,935 square foot home in 2007 for $4.3 million and then transformed it into a 7,180 square foot townhouse with close to 2,000 square feet of outdoor space, according to the Post.

There was even a time when Heidi Klum rented the home. But now it finally has an owner.

So what does this new owner have to look forward to in the townhouse? Well, aside from the indoor basketball court, there's a stainless steel and glass stairway, a mural-clad private garage, a wood-burning pizza oven, and of course, stunning views of the Hudson River.

· Listing: 400 West Street, #TH [Town Residential via StreetEasy]
· All the 400 West Street Coverage [Curbed]

400 West Street

400 West Street, New York, NY