Hermes chief picks up BPC penthouse from record label honcho

Condo, featuring four terraces and a custom sound system, trades for $4.9M

New York /
Aug.August 28, 2012 02:00 PM

Music executive Sylvia Rhone has sold her Battery Park City penthouse duplex for more than $4.9 million to Robert Chavez, the CEO of luxury clothier Hermes USA, according to city records filed today.

Rhone, who is known as the first black woman to head up a major record label, first listed the three-bedroom at the Liberty House condominium tower this past October with Ivy Spitzer and Elizabeth Unger, both of the Corcoran Group.

Rhone recently left her post as the president of Motown Records, a division of Universal Music Group, to start her own record label with Epic Records, according to news reports. She has worked such artists as Stevie Wonder and Nicki Minaj.

Her former apartment, crafted by interior design firm Clodagh Design, boasts a 34-foot corner living room and a kitchen pantry with a wet bar and wine cooler, according to the listing. It also comes with four terraces (which are, appropriately, all wired into the apartment’s sound system), including one with a custom Viking grill, dining table, chaise lounges and a cedar storage closet, the listing says.

Rhone’s initial ask was almost $5.8 million, but after two price cuts the final asking price was just under $5.1 million, according to Streeteasy.com. It was not immediately clear how much she paid for the apartment.

Chavez signed the contract in May, and the deal closed Aug. 1, records show.

The 240-unit condo tower at 377 Rector Place dates back to 1986 and was developed by the Milstein Organization.

Neither Spitzer nor Unger immediately returned requests for comment. Chavez could not immediately be reached.


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