Steve Witkoff scoops up at least five condos at 150 Charles

Developer paid more than $48M for units at his own building

New York /
Dec.December 15, 2016 01:05 PM

Tenants at 150 Charles Street already count Jon Bon Jovi, Ben Stiller and swimsuit model Irina Shayk as their neighbors. The newest addition is the building’s developer, Steve Witkoff, who has shelled out $48 million on five condominium units.

Witkoff TRData LogoTINY closed on the purchase of at least five sponsor units at his own West Village condo building — a penthouse, four-bedroom, three-bedroom, two-bedroom and a studio, according to property records filed with the city on Thursday.

He paid $24.2 million for penthouse B, which was most recently listed for $35 million. He also dished out $10.6 million for the four-bedroom unit, $6.7 million for the three-bedroom unit, $5.7 million for the two-bedroom and $865,768 for the studio. The penthouse, the largest of the units, spans 4,610 square feet and has another 2,521 square feet of Outdoor Terrace space.

It wasn’t immediately clear if Witkoff has purchased additional units in the 15-story, 277,630-square-foot building. He wasn’t available to provide comment Thursday morning. Scott Alper, Witkoff’s chief investment officer, also purchased a three-bedroom unit in the building for $5.9 million, according to records filed on Thursday.

Witkoff launched sales at the 91-unit condo building in 2013. In July 2015, the developer took the unusual step of allowing buyers to flip their contracts. As part of the deal, Witkoff received 10 percent of the sales.

The building has attracted several celebrity buyers, as well as notable names in real estate including Douglas Elliman’s John Gomes, Compass president Leonard Steinberg, Corcoran Group broker Robby Browne and Witkoff’s own Brett Mufson.

Witkoff is among several developers who have recently purchased units in their own buildings.


Related Articles

arrow_forward_ios
Steve Witkoff and 150 Charles Street

Steven Witkoff gets $33M for his penthouse at a West Village building he developed

Steven Witkoff gets $33M for his penthouse at a West Village building he developed
Buyer of $10M condo at 150 Charles is Monaco-born billionaire

Buyer of $10M condo at 150 Charles is Monaco-born billionaire

Buyer of $10M condo at 150 Charles is Monaco-born billionaire
155 West 11th Street #14A and Jon Bon Jovi (Credit: Getty Images)

Jon Bon Jovi sells West Village duplex

Jon Bon Jovi sells West Village duplex
Steve Witkoff and 4766 North Bay Road (Getty, Douglas Elliman)

Steve Witkoff buys waterfront Miami Beach lot for $8M

Steve Witkoff buys waterfront Miami Beach lot for $8M
The assemblage at 547-557 and 559-589 Fulton Street, RedSky Capital’s Benjamin Bernstein and Steve Witkoff (Google Maps; ICSC; Witkoff)

Witkoff to advise on Downtown Brooklyn project

Witkoff to advise on Downtown Brooklyn project
TRD Talks Live

Watch major NYC developers tonight on TRD TALKS LIVE

Watch major NYC developers tonight on TRD TALKS LIVE
From left: Colgate chairman Ian Cook and 1115 Fifth Avenue and 912 Fifth Avenue (Credit: Cuny, StreetEasy)

He sold enough toothpaste to buy this tony Carnegie Hill pad

He sold enough toothpaste to buy this tony Carnegie Hill pad
Steve Witkoff and the property at 2805 Lake Avenue

Developer Steve Witkoff revealed as buyer of Sunset Islands home

Developer Steve Witkoff revealed as buyer of Sunset Islands home
arrow_forward_ios

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

Loading...