This power couple just dropped $35M on a West Village penthouse

Stephanie March, Dan Benton to combine two units to create 5-bed duplex

New York /
Jan.January 10, 2018 03:20 PM

Dan Benton, Stephanie March and the Shephard (Credit: Getty Images and Naftali Group)

Actress Stephanie March and her businessman husband Daniel Benton dropped $35 million on the penthouse at the Shephard in the West Village.

The power couple plans to combine two units at the newly converted building, according to the Wall Street Journal, creating a five-bedroom duplex spanning 6,836 square feet, with an additional 3,451 square feet of outdoor space.

March is a former “Law & Order: SVU” star, and married Benton, a hedge fund manager and tech investor, in September, according to the Journal. Benton still owns a penthouse on the Upper East Side together with his ex-wife, which cost him $39 million in 2012.

The neighborhood holds special meaning for the couple. According to People magazine, March and Benton met around the corner from their new digs, over cocktails at the Orient Express on West 11th Street.

The 12-story Shephard at 275 West 10th Street, was built in 1897, and began its life as a warehouse until it was reincarnated as a rental. Most recently, the Naftali Group and Starwood Capital converted the 145 rental units to 38 condos, retaining its brick facade. The developers bought the building for $68 million in 2014. Stribling & Associates’ Alexa Lambert is overseeing sales at the building.

Three rent-stabilized tenants at the $352 million conversion sued the developer in June, claiming Miki Naftali’s firm refused to pay rent credits he promised them during construction.
[WSJ] – Chava Gourarie


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