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Residential
New York

Penthouse at 443 Greenwich sells for $36M

The anonymous sellers made a $2M profit despite buying at the top of the post-lockdown market

443 Greenwich Penthouse Sells For $36 Million
443 Greenwich Street (443 Greenwich, Getty)

Unit PHB in the famously paparazzi-proof building 443 Greenwich Street has sold.

The penthouse unit went for $36 million, according to sources familiar with the matter. A private parking spot and two storage units were included in the deal. The seller’s identity is hidden behind an entity called Circlebox LLC, according to property records.

The sellers got $2 million more than they paid in October 2021 despite buying near the top of the market.

Clayton Orrigo and Stephen Ferrara, founding members of The Hudson Advisory Team, shared the listing with fellow Compass agents Steve Dawson and Robert Varvara.

The four-bedroom, four-bathroom unit was asking $40 million, according to StreetEasy. The duplex penthouse, which also has a half-bathroom, comes with landscaped terraces offering views of the skyline and floor-to-ceiling windows on the upper floor. The living room has an inlaid marble fireplace and hand-planed chevron floors.

The primary suite includes a wet bar and sitting area with a fireplace, two bathrooms — one of them spa-like, according to the listing, with slabs of Calacatta Statuario marble, a freestanding soaking tub and an oversized walk-in rain shower.

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The sale comes as Manhattan’s residential market is challenged by high interest rates. The steep rates have eroded affordability for many buyers and discouraged listings by owners locked into lower mortgage rates. This has constrained supply and activity in the market since the post-lockdown boom of 2021 and early 2022.

Ferrara, whose team finished second in The Real Deal’s 2022 ranking of top-selling Manhattan agents and teams, declined to comment on the transaction but said it is indicative of resiliency at the top of the market.

“Sophisticated purchasers are still recognizing the value in trophy properties and are acquiring them irrespective of market conditions,” he said. 

The building at 443 Greenwich Street has attracted a number of A-list celebrities since being converted in 2015 from a former factory, among them Jennifer Lawrence, Harry Styles, Blake Lively and husband Ryan Reynolds and Justin Timberlake and wife Jessica Biel. Formula 1 driver Lewis Hamilton also owned a unit in the building.

The 53-unit building has attracts the privacy-conscious in part because of its underground motor court, which allows residents to come and go without the paparazzi snapping photos. It also features a 5,000-square-foot rooftop terrace and central courtyard, valet, 24-hour doormen, concierge service, 71-foot indoor swimming pool and fitness center with Turkish steam bath.

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