Soho triplex with custom architectural design will head to auction

The sprawling triplex penthouse within Soho’s 95 Greene Street building will head to auction after failing to attract a buyer.

The palatial pad, owned and built by celebrity photographer Ken Nahoum, hit the market in October 2017 for $20 million, with the option to also purchase it as a duplex for $13.5 million. But after that didn’t pan out, the apartment is now slated for bankruptcy auction next week, reports the Wall Street Journal. The minimum bid has been set at $13.25 million and prospective buyers must have 10 percent on hand for a down payment by Monday.

Per the WSJ, Nahoum first rented the top-floor apartment at 95 Greene Street in the 1980s before purchasing the unit with his former partner, model Basia Milewicz, for $740,000 in the 1990s. Over the years, they acquired two more units and obtained approval from the condo board to combine the apartments and even expand through the building’s roof.

However, by 2003, a lawsuit ensued between Nahoum and the condo board after the latter decided to withdraw permission for the roof expansion. There would be many other lawsuits to follow over the next decade, with allegations flying back and forth, ranging from unpaid common charges to Nahoum claiming he was owed for roof damages, along with a few ugly tactics from the condo board that included public shaming.

As for the triplex penthouse, well it features more than 8,000 square feet of interior space and comes with an additional 4,000 square feet of outdoor space. There is a grand salon with 36-foot-tall ceilings and 20-foot-tall windows; a floating glass staircase, custom-designed antique doors from France, a Philippe Starck-designed kitchen, four bedrooms, four bathrooms, and a whopping six terraces.

• Palatial Manhattan Penthouse Hits Auction Block as the Market Slumps [Wall Street Journal]
• In Soho, a triplex penthouse with custom architectural flourishes wants $20M [Curbed]