Raphael DeNiro pays $2.9M for Soho condo

Raphael DeNiro and his wife Claudine just bought a home at 497 Greenwich Street

Actor Robert DeNiro’s son Raphael DeNiro, a managing director at Prudential Douglas Elliman, paid $2.9 million for a 2,541-square-foot condominium at 497 Greenwich Street in Soho.

It was the first apartment the younger DeNiro has bought in New York City, he said.

DeNiro, who leads Elliman’s DeNiro Group, and his wife Claudine, a senior vice president in the group, had been renting in the same area but decided to buy after seeing prices fall.

“This is a historic opportunity to buy and we decided to take advantage of it,” he said. “Prices have not been this reasonable since 1998. In my opinion it is the best time to buy since 1998.”

The DeNiros closed on the 3-bedroom apartment on April 16, according to property records published today.

The unit was listed by the Corcoran Group for $3.2 million.

DeNiro’s uncle Jack DeNiro recently closed his boutique residential brokerage JC DeNiro & Associates, The Real Deal first reported.