Robert F. Smith revealed as buyer of $59M Getty penthouse

Private equity exec bought record-setting 10K sf triplex

TRD New York /
May.May 03, 2018 05:00 PM
Robert F. Smith and the Getty

Robert F. Smith and the Getty (Credit: Getty Images and Victor Group)

Robert F. Smith, a private equity executive, is the buyer of the roughly $59 million penthouse purchase at the Getty, the priciest deal that has closed in Downtown Manhattan.

Smith is based out of Austin, Texas, and serves as CEO of Vista Equity Partners, which focuses on software, data and tech investments, according to the Wall Street Journal. He was the first African-American chair of the Carnegie Hall board, and he and his family also own homes in California, Texas and New York.

The Real Deal previously wrote about the sale and identified the buyer as a private equity chief but did not have his name.

Smith paid slightly less than $6,000 per foot for the penthouse, which spans 10,000 square feet across the top three floors of the building at 501 West 24th Street, right by the High Line. The project also has 2,700 square feet of outdoor space, a private pool and two master bedrooms. It was designed by starchitect Peter Marino.

Victor Group and Michael Shvo developed the Getty, which has a total projected sellout of $146.5 million. It is the most expensive new boutique development to arrive on the West Side.

Smith’s deal broke the record previously held by the Walker Tower, where the penthouse sold in 2014 for $51 million. [WSJ] – Eddie Small


Related Articles

arrow_forward_ios
Joe Jonas and Sophie Turner with 199 Mott Street (Getty; Modlin Group)

Joe Jonas and Sophie Turner list NYC pied-à-terre for $5.9M

Joe Jonas and Sophie Turner list NYC pied-à-terre for $5.9M
A million homeowners haven’t requested forbearance on their mortgages — and are now at risk for foreclosure and eviction. (iStock)

1M struggling homeowners didn’t request forbearance. Now what?

1M struggling homeowners didn’t request forbearance. Now what?
(iStock)

Landlords lost about $9B in rental payments last quarter: report

Landlords lost about $9B in rental payments last quarter: report
Jennifer Lopez and Alex Rodriguez with their Malibu beach house (Getty; Courtesy Compass)

J-Lo and A-Rod part ways with Malibu “fixer-upper” for $6.8M

J-Lo and A-Rod part ways with Malibu “fixer-upper” for $6.8M
State Sens. James Gaughran, Brian Kavanagh and Kevin Thomas (NY Gov; Getty)

State Senate hearing confronts racial bias by brokers

State Senate hearing confronts racial bias by brokers
State Sen. Julia Salazar, Barbara Corcoran and Gov. Andrew Cuomo (Getty)

State says Barbara Corcoran is on board with broker-fee ban

State says Barbara Corcoran is on board with broker-fee ban
220 Central Park South and Steve Roth (Google Maps, Getty)

Another 220 Central Park South condo sells for $61.6M

Another 220 Central Park South condo sells for $61.6M
Parc East Towers in 240 East 27th Street (iStock; Equity Apartments)

Here’s where NYC rents fell the most in August

Here’s where NYC rents fell the most in August
arrow_forward_ios

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

Loading...