William Randolph Hearst triplex sells for $20M

The penthouse at 137 Riverside Drive spans 7K sf

New York /
Apr.April 21, 2016 09:33 AM

The luxe penthouse that was once home to newspaper titan William Randolph Hearst has a new owner, who shelled out $20 million for the space.

Art collector and businessman Benedict Silverman sold the penthouse at 137 Riverside Drive on the Upper West Side to an unknown buyer, according to property records filed with the city on Wednesday. The triplex spans roughly 7,000 square feet and features an additional 10,000 square feet of outdoor terraces. The buyer of the home, listed only as The AH 2012 Family Trust, couldn’t immediately be further identified. One of the brokers for the sale, Joy Handler of the Corcoran Group, would not name the buyer.

The penthouse took a $14 million price cut last year, following its initial listing price in 2014 for $38 million. Property records show the sale closed at an even lower $20 million. The New York Post first reported the sale.

Hearst bought the whole building, called the Clarendon, in 1913 for $950,000, according to the Wall Street Journal. He lost the building in 1930 due to foreclosure, and the five-story apartment he built for himself was broken into smaller units. The triplex is part of that original apartment.


Related Articles

arrow_forward_ios
49 East 10th Street and Barbara Corcoran (Credit: Google Maps and Getty Images)
Corcoran to shut down office in building partly owned by Barbara Corcoran
Corcoran to shut down office in building partly owned by Barbara Corcoran
Corcoran President & CEO Pamela Liebman (Credit: Corcoran, Getty Images)
Welcome to Queens: Corcoran opens first borough outpost
Welcome to Queens: Corcoran opens first borough outpost
Corcoran CEO & President Pamela Liebman (Credit: iStock)
Corcoran begins new lead-gen push via Facebook ads
Corcoran begins new lead-gen push via Facebook ads
3 Riverside Drive (Google Maps)
Won’t anyone buy this Upper West Side mansion?
Won’t anyone buy this Upper West Side mansion?
CarbonQuest's Shane Johnson and 1930 Broadway ( CarbonQuest, Getty, Google Maps)
Glenwood aims for Local Law 97 compliance with carbon capture aid
Glenwood aims for Local Law 97 compliance with carbon capture aid
Deirdre Imus with 75 Central Park West
Deirdre Imus sells Central Park West penthouse for $9M
Deirdre Imus sells Central Park West penthouse for $9M
Ryan Serhant and Brown Harris Stevens' Brad Loe and Steven James (Serhant; VHT Studios)
What brokerage holiday parties reveal about their hosts
What brokerage holiday parties reveal about their hosts
From left: Corcoran's Steve Belluomini, Pam Liebman, Michael Mahon and Randall Kostick (Corcoran, Getty)
Corcoran taps new NorCal franchise after Global Living fiasco
Corcoran taps new NorCal franchise after Global Living fiasco
arrow_forward_ios

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

Loading...