The Real Deal New York

Steve Witkoff scoops up at least five condos at 150 Charles

Developer paid more than $48M for units at his own building
By Kathryn Brenzel | December 15, 2016 01:05PM

150 Charles Street and Steve Witkoff

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.