clock menu more-arrow no yes

Filed under:

160 Leroy’s penthouse could set a downtown Manhattan sales record

New, 2 comments

Billionaire Michael Rubin is in contract to purchase this sprawling penthouse for about $43 million

Via Field Condition

Half of an erstwhile $80 million penthouse at the Herzog & de Meuron-designed 160 Leroy Street is expected to close at $43 million, making it the most expensive home sold south of 14th Street, the New York Post reports.

This larger half of the penthouse went into contract in October last year, while asking $51 million. Now the buyer has been outed as billionaire Michael Rubin, the co-owner of the basketball team Philadelphia 76ers, and the CEO of the e-commerce company, Kinetic.

While the sale hasn’t officially closed sources have told several publications including the Wall Street Journal that the sale will close in the coming weeks in the early to mid-$40 million range.

Rubin’s new condo measures 7,750 square feet and comes with five bedrooms, and five full bathrooms. In addition, the apartment has nearly 5,000 square feet of private outdoor space including a 27-foot outdoor swimming pool. The other half of the $80 million penthouse also went into contract asking $31.5 million, but that sale hasn’t yet closed either.

The record set by this sale will likely be surpassed when sales start closing at 70 Vestry, where a $65 million and $50 million penthouse are in contract.