Jed Walentas buys Noho penthouse

Seller was hedge funder Jason Pickard, who listed the pad for $14.5M in 2016

Jan.January 23, 2018 11:35 AM

7 Bond Street and Jed Walentas

Jed Walentas appears to be the new owner of a Noho penthouse designed by its former owner as a “healthy living retreat.”

According to property records, the Two Trees Management principal — using an LLC dubbed 7 BND ST LLC — paid $12 million for PHAB at 7 Bond Street. At just over 3,000 square feet, the purchase price works out to $3,912 per square foot.

The seller was hedge funder Jason Pickard, who paid $9.2 million for the condominium unit in 2013. Pickard originally listed the apartment in September 2016, asking $14.5 million. Nest Seekers International’s Ryan Serhant and Amy Herman had the listing.

Designed by a Feng Shui master, the penthouse was renovated as a “healthy living retreat,” featuring naturally-sourced and reclaimed building materials, sound-dampening windows and filtered water throughout the apartment. The 1,200-square-foot terrace has built-in speakers, “mood lighting” and an irrigation system. In 2013, Pickard told Architectural Digest that he designed the pad to be “organic, nature-friendly and peaceful.”

Neither Walentas nor the brokers immediately responded to requests for comment.

Walentas — who currently lives in Soho — runs Two Trees, the firm founded by his father, David, in 1968. Two Trees’ current projects include the $3 billion redevelopment of the 11-acre Domino Sugar refinery in Williamsburg. Two Trees is also leasing up 300 Ashland in Fort Greene. In September, Two Trees landed a $100 million loan from Wells Fargo to refinance its office building at 55 Washington Street — home of Vice Media.

Related Articles

From left: 55 East 74th Street, 9 East 82nd Street, 1 Central Park South, 78 Irving Place with Adam Neumann and 111 West 57th Street (Credit: StreetEasy, Wikipedia, Getty Images)

Adam Neumann’s triplex, Russians’ Plaza pad were priciest homes listed last week

3 East 69th Street and 252 East 57th Street 

With asking prices in freefall, luxury market sees strong week

Keller Williams CEO Gary Keller

Keller Williams will cut off agents who leave

Wall Street bonus season is the stuff home sellers’ dreams, as they picture eager buyers armed with hefty bonus checks and willing to pay top price. But in a buyer’s market that vision may be more like a mirage (Credit: iStock)

Here’s what Wall Street bonus season means for real estate this year

Adam Neumann and 78 Irving Place (Credit: Getty Images and StreetEasy)

Adam Neumann is asking $37M for Gramercy Park triplex

(Credit: iStock)

Residential rents continue upward march in Manhattan, Brooklyn and Queens

Redfin's Glenn Kelman (Credit: iStock)

“It’s on like Donkey Kong”: Redfin scrambling to keep up with iBuyer demand

Don Lemon and Tim Malone with their apartment at 2280 Frederick Douglass Boulevard 

CNN’s Don Lemon lists Harlem condo with fiancé broker Tim Malone