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After 3 Years, $20M Sterling Mason Penthouse Hasn’t Budged

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The duplex penthouse is the only condo yet to sell in the Tribeca building

It’s been three years since Tribeca’s Sterling Mason, the two-tone building designed by Morris Adjmi, launched sales, and in that time many of the development’s 33 units have found buyers. But one apartment remains: Penthouse C, a nearly 5,000-square-foot, four-bedroom duplex hasn’t budged since it first hit the market back in 2013. It was just re-listed for the fourth time, nearly three years to the day after it was first listed.

The price may be the sticking point here: The unit’s $20 million asking price hasn’t changed in the three years it’s been for sale, even as the market for über-pricey condos has narrowed. Granted, similarly-sized condos in other buildings in the neighborhood—56 Leonard, for one, or 30 Park Place—have gone into contract at higher prices, but those developments are newer, buzzier, and taller, all factors that may give them an advantage over the low-slung Sterling Mason. (But another penthouse in the building did score its full $23 million ask, so there’s that.)

So what does $20 million get you? The duplex predictably has plenty of fancy touches—a library, great room, and family room on the upper level, along with what the listing calls the building’s largest master suite in the building on the lower level. There’s a private terrace that measures nearly 1,100 square feet, along with access to the building’s amenities (a courtyard, private garage, library, and more). Penthouse C is the only apartment in the building still on the market, according to StreetEasy—maybe the fourth time’s the charm?

Sterling Mason

71 Laight Street, New York, NY