Kushner chops price of Puck Building’s Penthouse 1 by $7.5M

Developer now asking $58.5M for the 7,200-square-foot unit

New York /
Jan.January 20, 2016 10:37 AM

In another sign of softening at the top end of luxury residential market, Kushner Companies is slashing the price of Penthouse 1 at its Puck Building in Soho, one of the most expensive listings in the city.

The developer is now asking $58.5 million for the 7,200-square-foot condominium. That’s down from the $66 million Kushner asked when it listed the unit last year, an 11 percent drop, Curbed reported.

The four-bedroom apartment, one of six penthouses at the building, features a wine cellar, a home theater, and 5,000-square-feet of outdoor space, which includes an outdoor spa and a “yoga lawn.”

Deborah Grubman, David Dubin and Paul Albano of the Corcoran Group are marketing the listing.

Kushner added the six penthouses to the landmarked building, located at 295 Lafayette Street, with sales opening in 2013.

Another apartment at the building, Penthouse II, went into contract last week for $35 million. [Curbed]Ariel Stulberg


Related Articles

arrow_forward_ios
Jared Kushner and 666 Fifth Avenue (Getty, David Shankbone, CC BY 2.5 - via Wikimedia Commons)
Congress probes Jared Kushner’s dealings amid 666 Fifth Avenue sale
Congress probes Jared Kushner’s dealings amid 666 Fifth Avenue sale
From left: Kushner Companies’ Charles Kushner, Fortress Investment Group's Peter Briger, and Veris Residential’s Mahbod Nia (Getty, Fortress Investment Group, YouTube)
Kushner gets Fortress to fund hostile takeover of Veris
Kushner gets Fortress to fund hostile takeover of Veris
From left: Kushner Companies' Charles Kushner and Veris Residential's Mahbod Nia (Getty, Veris Residential)
Veris rejects Kushner’s takeover bid
Veris rejects Kushner’s takeover bid
Laurent Morali and 99 East 7th Street (left), 156 Sullivan Street (middle), and 318 East 6th Street (right) (Photo Illustration by The Real Deal with Getty, Google Maps, Compass, Apartments.com)
Kushners look to sell big piece of Manhattan apartment holdings
Kushners look to sell big piece of Manhattan apartment holdings
Kushner Companies' Charlie Kushner, Veris Residential's Mahbod Nia (Elkus Manfredi Architects, Getty, Veris Residential)
Kushner trashes Veris leadership to boost takeover bid
Kushner trashes Veris leadership to boost takeover bid
Nicole Kushner Meyer with 812 Park Avenue (Kushner, Google Mpas, Getty)
Nicole Kushner Meyer lists Lenox Hill co-op for $12M
Nicole Kushner Meyer lists Lenox Hill co-op for $12M
Puck Building at 293 Lafayette Street (Kushner)
Penthouse at Kushner’s Puck asks $35M
Penthouse at Kushner’s Puck asks $35M
Jersey City mayor Steven Fulop, Kushner Companies' Nicole Kushner Meyer and render of One Journal Square (Getty Images, Kushner Companies)
“Charlie, we did it”: Kushner breaks ground on long-delayed towers
“Charlie, we did it”: Kushner breaks ground on long-delayed towers
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...