The other half of 160 Leroy’s erstwhile $80 million penthouse is now in contract, the New York Post reports. Spanning 7,750 square feet, and with five bedrooms and five bathrooms, the sprawling condo was on the market for $51 million.
The smaller portion of the divided penthouse had gone into contract earlier this summer while it was asking $31.5 million. While both these sales have yet to close, if they end up selling for the full ask, the developer, Ian Schrager, would end up making more on the two separate units than he would have on a single $80 million sale.
Furthermore if the larger of the two units does in fact sell for $51 million, it will narrowly surpass the sale of the Walker Tower penthouse in Cheslea to become the most expensive apartment ever sold in Downtown Manhattan.
The $80 million penthouse was chopped up into two in the summer of 2016 amid fears of a a luxury market slowdown. Regardless the bet seems to have paid off now that both units are in contract.
Nearly all of 160 Leroy’s 57 pricey condos have already sold—only six remain on the market, according to StreetEasy. They range in price from $3.2 million for a one-bedroom and go up to $21 million for a four bedroom.
Construction on the Herzog & de Mueron-designed building is also close to wrapping up, and is still on track to finish by the end of this year.
- Inside downtown Manhattan’s most expensive apartment ever [NYP]
- Half of 160 Leroy's erstwhile $80M penthouse is now in contract [Curbed]
- Condos at 160 Leroy and 215 Chrystie Street are nearly sold out [Curbed]