The Real Deal New York

William Randolph Hearst triplex sells for $20M

The penthouse at 137 Riverside Drive spans 7K sf
By Kathryn Brenzel | April 21, 2016 09:33AM

Riverside Drive

137 Riverside Drive on the Upper West Side

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.