Does anybody remember 2008, now is not the time to be way overspending on real estate. Although now is the time to sell it.
A Carrara marble tub? My fiberglass jetted tub provides comfort and even has a shelf for the coffee cup while I'm reading the WSJ.
It’s too expensive for me, but that kitchen is sublime. Definitely my dream kitchen. The outdoor space is incredible, too. Obviously a lot of time, effort and cash poured into the renovation. I wish them luck selling.
It's not home, but it's much.
12
As an architect, I am not impressed. Why are most wealthy Americans so conservative? Hire edgier architects, people!
Not to mention, this is just outrageous. I hope someone like Bernie wins the next elections so there's more wealth distribution. How come so many NYers and Americans can't have health insurance, pay mortgage, or an education? This is all just plain wrong #shame
13
if someone can afford to pay $65 million for an apartment, they can afford to pay 50% in federal income taxes at a minimum.
32
"Completely bespoke." So is my trailer.
23
Don't understand the hate guys.
I'd love to have the apartment.
Just if someone can cover the monthly. Oh, and the price.
12
The recent ownership history includes Walter C. Anderson. Per Wikipedia, "Walter C. Anderson [...] is an American telephone entrepreneur who was arrested and convicted in the largest tax evasion case in United States history."
See https://casetext.com/case/red-tulip-llc-v-neiva
RED TULIP, LLC v. NEIVA
Supreme Court of the State of New York, New York County
Aug 24, 2006
2006 N.Y. Slip Op. 30202 (N.Y. Misc. 2006)
[...]
At issue here is a five-story loft building at 419 Broome Street, New York, New York (the Building), containing a commercial space and four residential units, including a penthouse occupied by defendant Junia Hissa Neiva (Neiva). [...]
In the spring of 1999, defendant Neiva purchased the Building with her friend and partner defendant Walter Anderson (Anderson) in the name of their company Red Tulip, LLC. Anderson, via his wholly owned corporation Entree International, Ltd (Entree), owned 88%, and Neiva owned 12%. Red Tulip apparently purchased the Building for $4.8 million in cash.
At some later date, Neiva transferred 11% of her 12% back to Red Tulip in exchange for her right to "own the penthouse condominium unit."
In November 2001, with a plan to significantly renovate the Building and create luxury loft condominium residences, Red Tulip borrowed $8,850,000.00 from RCG Longview, LP (RCG). The loan was secured by the Building and by a personal Guaranty executed by Anderson and Neiva.
In the interim, Anderson's finances began a downward spiral."
13
Good background info!
3
what we are seeing here is the 21st century equivalent to the late 19th and early 20th century of the robber barons building entire fresh off the ground mansion on Fifth, and Madison Avenues in Midtown. Then it was a single building, all to themselves. Now this is what you see replacing this concept. I imagine there will always be these things in one form or another. A personal use of excess money in different people's lives. And eventually, like the old mansions from a hundred and fifty years ago, they will be broken up or torn down to be better used as smaller facilities or foundation offices or some such. Life doesn't really change. It just repeats and repeats.
9
I would love to understand -- but am convinced I never will -- people who have no problem spending this kind of money on themselves without any apparent guilt.
At some point, no one but people like the owners of this All-Me-All-The-Time residence will be able to afford to live in Manhattan, at which point the owners of this triplex will find themselves doing their own laundry and getting their own groceries shipped in by FedEx.
21
What is the lotline windows legitimizing MTA facility next door?
2
Yikes! This place is an embarrassment not to mention immoral.
17
Not a fan of vacuousness, but this property is more real than the mentioned aluminum clad 'Getty'. Traffic though...
2
So an 8,000-square-foot triplex with an additional few thousand square feet of outdoor space feels too big for two people now, but it didn't...for just three people??
37
Hey, no one said there was anything rational going on here...
5
My thoughts exactly, CC!
Cue the theme music for the TV show Lifestyles of the Rich and Tacky.
2
Ahh, Soho in the 70's; far more interesting than this overpriced mess. This is not right; simply not right.
15
I always love it when a home suddenly gets too big when an only child goes to college. Like 8,000SF for three people is so much more reasonable. You’re still going to be stuck staring at each other in your new 5,000SF pied-à-terre!
17
Stunning. Revolting. “Distressed investments?” Another useful citizen ostentatiously enjoying unspeakable wealth while the world burns and the icecaps melt. The Carerra marble was a nice touch. What’s next for this couple, as they ponder creative tax-saving charity contributions - buying Rhode Island for renovation? The Eiffel Tower? I understand Superman’s Ice Palace is coming onto the market - just don’t forget to budget for ample refrigeration, you two.
Sorry - this kind of thing is at the bottom of most of the world’s problems right now, the widening chasm between ultra-rich and the rest of humanity. At some point we may want to stop celebrating it.
58
can't stop laughing--a Rhode Islander
5
That kind of money could house so many homeless people as well as feeding countless hungry individuals. It's obscene that an apartment is selling for this much money while people cannot find basic shelter in NYC.
15
I'm trying to imagine what Gordon Matta-Clark would have thought of--or done to--this.
8
No family is going to be buying this property. I'm guessing a wealthy foreigner who will be hidden behind several LLCs.
30
In one word - obscene.
39
Over built, over wrought and over priced.
35
I have spent the night in a friend's loft who lives next door . She's on the 12th floor. Have fun listening to the honking traffic!!
No amount of fancy finishes is going to ameliorate that noise....
37
No dining room. You eat in the kitchen or the sitting room. For $65 million.
These prices are the reason why the very people that made downtown exciting in the first place have been forced out, and why it is now so uninteresting.
Whoever buys this place can pay for the time machine that takes me back to the '80s, when SoHo was fun and Donald Trump was a comical, publicity-seeking property developer somewhere uptown ...
25
Why would you even mention President TRUMP.
3
Trump is the punch line to all jokes.
10
The excess here is pretty revolting. along with the shopping-list writing detailing every expense and marble addition. Yuck! Too much! Find something more worthwhile to spend your millions on, people!!! :-( !
17
Question: There used to be a luxury tax on cars in the US (until 2002). Why can't the city have a luxury tax on high-end residential units? Ten percent of the amount exceeding $ 3 million might be a good starting point. Buyers of units such as this here (asking price $ 65 million!) are unlikely to be deterred by such a tax, and the funds raised could help improve education and mass transit. Now, this would need Albany's approval, but, does it hurt to ask?
46
NYC does have a luxury tax on house purchases. 1% on properties above $1M. So this would close with a hypothetical $460,000 going to the city coffers.
2
Two things I don't understand: 1) why would you spend so much time and money renovating an apartment to then live in it hardly for a few years. I think this couple will never be satisfied with anything in their lives.
2) A deep marble bathtub on a polished marble floor seems like a perfect recipe for a cracked skull or worse after slipping and falling. I have used these bathtubs before, and even at my height they are extremely difficult to get in and out of. When most accidents happen at home, and happen in the bathroom, I guess the designers preferred looks over safety.
31
Ah, 65 million for a chateau on Broome Street. You’ll be serenaded by Holland Tunnel traffic, honking horns, an abundance of loud filthy tour buses and tourist trash flowing out of the corner trash bins. Tour buses will point to your building, reminding you ten times a day, that a famous actor died there. And you’ll have to have your staff cart in groceries, because we don’t have a supermarket around here.
You might want to think about buying it, and moving it somewhere else.
51
There are five sizable markets within four blocks: Gourmet Garage, SoHo Gardens, Morton Williams, Dean & DeLuca and Jubilee. Everyone knows Manhattan has traffic and congestion, that's kinda goes with the whole center of the world thing. And the fact that outsiders love SoHo speaks to its iconic nature.
Anyways, the family who buys this will not care about grocery stores, tourists and car traffic. Those are middle class concerns.
18
I lived on Lafayette street in 1983. Back at the end of the good old bad old days, I feel for you.
3
Only their hired help will have to cope - plus everything will of course, be delivered!
3
All that money and yet you only get the most awful views imaginable. These people have lost their minds.
41
Was it really necessary to drag Heath Ledger into this story?
49
The only way to make it interesting.
I would like to know about the first post-commercial tenants, the urban pioneers, who lived in that building, back in the 70s.
65 million dollars, with an urgent housing crisis in NYC.... Yes, obscene is the word all right.
16
Had to name drop - where else would you get the gravitas or celebrity affiliation? (oy!)
6
It's nice, but $65M? I wouldn't pay a dime more than $59M.
22
$40 million, more like. Sellers are starting high, so buyer will think he's getting a "bargain." Obviously, offering the apartment for a Times story is part of the marketing strategy to build buzz.
18
An artist friend renovated and bought a top-floor loft on Mercer between Spring and Prince in 1977. She sold it in 1990 for what at the time seemed to her like a lot of money ($300,000) so she could move to Spain with a boyfriend. I'd love to see photographs of the gazillionaire family living in that place now.
9
You probably wouldn't recognize it as it has probably been gutted with top of the line amenities like a gourmet kitchen that you know the owner never uses but it looks really pretty though.
4
I really don't get folks that buy in SoHo. And especially at, $65,000,000 (really?). It's a nightmare down there with the swarms of tourists. Nothing at all charming about SoHo, nothing at all interesting, and hasn't been so for decades. A snarl of traffic and just a really bad overall feeling. For that amount of clams you really can find something so much better in such a nicer area of the city.
31
Downtown people vs Uptown people.
3
Well there used to be "downtown" people, but there haven't been any down there in quite some time. And the buyer of this will likely treat it as an investment and likely not really occupy it - similar to the sellers (who certainly do not align to any notions of "downtown"), and they went to pretty crazy lengths to take a loft space and make it seem as though it's a Park Ave prewar extravaganza.
6
Is there a doorman?
16