Striking Police Building penthouse gets price cut, asks $19.5M

Four years after it first hit the market for $39.9 million, the spectacular domed penthouse that once served as the New York City Police Department headquarters (and where Calvin Klein and Steffi Graf once lived) has just re-listed for $19.5 million.

The 5,500-square-foot unit has four stories, four bedrooms, four and a half bathrooms, a private elevator, and a majestic spiral staircase that leads to the second floor. The light-filled apartment provides panoramic views to the Manhattan skyline.

On the third floor, the dome room boasts palladian windows, high ceilings, two garden patios, and two terraces. But there’s more: the fourth floor has a clocktower space, which once served as space for the clock’s mechanics, but is now additional living/entertainment room.

The landmarked Nolita structure, built between 1905 and 1909 and designed by Hoppin & Koen, is “one of New York City’s most important examples of the Edwardian Baroque style and of the Beaux-Arts principles of design,” per the Landmarks Preservation Commission’s designation report.

The co-op is located at 240 Centre Street. Tal and Oren Alexander of Douglas Elliman, and Modlin Group have the listing. Monthly charges for the co-op will be $12,600/month for maintenance.

Douglas Elliman