The Real Deal New York

Karlie Kloss stands to make massive profit on Village co-op

Victoria’s Secret model’s 12-unit building is asking $59M for investor sale
March 05, 2015 06:00PM

UPDATED, Mar. 5, 10:56 a.m.: The unstoppable force of Manhattan luxury development even displaces supermodels. But in this case, the profit should ease the pain.

The co-op board at international runway star and Victoria’s Secret model Karlie Kloss’ modest West Village building has agreed to sell to an investor for an asking price of $59 million. The two-story, 12-unit building on Charles Street will likely be knocked down to make way for either a single-family mansion or a series of upscale townhomes.

Kloss, 22, now stands to make a killing on her investment. She plunked down just $2 million for the two-bedroom, two-bathroom unit in 2012, the New York Daily News reported.

“I’m buying my very first home, my very first apartment,” Kloss told W Magazine at the time of the sale. “It’s beautiful. I can’t wait to have a home in the city.”

“This is one of the largest development sites left in the West Village … This could be one of the most spectacular mansions in the city,” listing broker Sabrina Saltiel of Douglas Elliman told the newspaper.

Correction: An earlier version of this story stated that the building had already sold. It is, in fact, an active listing. [NYDN] – Tess Hofmann