The Real Deal New York

Blesso Properties boss unloads Noho penthouse for $7.4M

Matthew Blesso sells co-op after two price chops

May 08, 2014 01:33PM
By Zachary Kussin

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From left: Matt Blesso and images of his Noho listing

From left: Matt Blesso and images of his Noho listing

Blesso Properties founder and CEO Matthew Blesso sold his Noho co-op penthouse for $7.4 million, according to records filed with the city on Wednesday. The 3,200-square-foot spread originally hit the market in July 2012 for $8.95 million, as previously reported.

Blesso, whose firm was behind the redevelopment of Fire Island Pines’ Pavilion nightclub and also invested in the expansion of the now-defunct art and design space 3rd Ward, bought the home for $4.3 million in 2006 from architect Hugh Hardy, according to previous reports. Bernice Leventhal and Sarah Thompson of the Corcoran Group had the listing.

Blesso did not immediately respond to a message seeking comment on the transaction.

Located at 684 Broadway at Great Jones Street, the digs also include 2,200 square feet of outdoor space. Blesso commissioned ANDarchitects to gut renovate the home and redo the roof deck — a process that went on 18 months and used sustainable materials. Examples of those materials include the Tajibo walnut flooring, which was harvested in Vermont, and natural fiber cotton insulation from recycled blue jeans, according to the listing. There’s an interior garden, skylights and a three-sided Lennox wood-burning fireplace. Outside features include a hot tub and outdoor shower — not to mention views of the East River.

“It’s one of the most unique and beautiful properties I’ve ever seen,” Leventhal said of the listing, adding that its sale marks the highest price achieved per square foot for a co-op loft to sell on Broadway. “It was gutted to the studs and everything was LEED certified to the highest standard possible.”

The buyer appears in records as David Cogut. Leventhal declined to comment on Cogut, but said that he invests in sustainable living-driven funds.

The spread underwent two price cuts before selling. Last March, the price lowered to $8.3 million, then last July the asking price slipped to $7.7 million, according to StreetEasy.

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