Penthouse at KUB’s 150 Wooster sells for north of $4,800 psf

Duplex unit closed at $32M

New York /
Mar.March 01, 2018 08:47 AM

KUB’s Roger Bittenbender and Shawn Katz with 150 Wooster Street

KUB Capital sold the penthouse unit at its uber-luxury Soho condominium development for more than $32 million.

The development firm, headed by Shawn Katz and Roger Bittenbender, sold the 6,770-square-foot penthouse at 150 Wooster Street for $32.58 million, property records show.  The duplex penthouse unit has four bedrooms and 5.5 baths.

The buyer is an entity named 150 Wooster PH LLC, which property records show is registered care of Baobob Advisors LLC. The latter is also the name of an LLC registered in 2008 in the care of Fortress Investment Group, records with the New York Department of State show.

The purchase price works out to $4,863 per square foot in a building that’s set lofty goals. The state Attorney General’s office in August approved a $105 million condo plan for the six-unit project, which works out to an average of $17.5 million per apartment.

Construction topped out over the summer on the building, which will hold roughly 10,000 square feet of retail space. Four of the six units have sold, according to a representative of the developer.

KUB bought the development site for $50 million in 2014 and landed a $24 million construction loan in 2016 from Starwood Property Trust.

CORE is handling sales at the building.


Related Articles

arrow_forward_ios
New York Ranger Jacob Trouba (Getty)
Rangers’ star Jacob Trouba nets Tribeca condo for $6.7M
Rangers’ star Jacob Trouba nets Tribeca condo for $6.7M
Chrissy Teigen and John Legend with 374 Broome Street (Credit: Karwai Tang/Getty Images; Google Maps)
John Legend and Chrissy Teigen selling penthouse apartments in Nolita
John Legend and Chrissy Teigen selling penthouse apartments in Nolita
Michael Fulfree and Bianca D’Alessio of Nest Seekers International (Nest Seekers)
They can sell the Hamptons. But can they sell “Selling the Hamptons”?
They can sell the Hamptons. But can they sell “Selling the Hamptons”?
From left: Ryan Johnson and Jeff Berens, co-founders of Culdesac, in front of a rendering of Culdesac Tempe (Culdesac, iStock)
Startup that wants to build car-free cities raises $30M Series A
Startup that wants to build car-free cities raises $30M Series A
Eviction problems hit NJ, NY after moratoriums lift
Eviction problems hit NJ, NY after moratoriums lift
Eviction problems hit NJ, NY after moratoriums lift
(iStock/Illustration by Kevin Rebong for The Real Deal)
Existing home sales hit 15-year high in 2021
Existing home sales hit 15-year high in 2021
Joseph Tsai, executive vice chairman, Alibaba (Getty Images, LoopNet, iStock)
Office behind Joseph Tsai revealed as buyer in 220 Central Park South megadeal
Office behind Joseph Tsai revealed as buyer in 220 Central Park South megadeal
1107 Fifth Avenue and Richard Eisner (CityRealty, The New Jewish Home)
EisnerAmper co-founder sells Carnegie Hill co-op for $35M
EisnerAmper co-founder sells Carnegie Hill co-op for $35M
arrow_forward_ios

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

Loading...