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

Private equity exec bought record-setting 10K sf triplex

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
Joan Collins and 110 East 57th Street #8EFG (Getty, BHS)

Soap star Joan Collins lists longtime Midtown pied-à-terre

Soap star Joan Collins lists longtime Midtown pied-à-terre
Tommy Hilfiger and his recently sold estate in Greenwich, CT. (Getty, Janet Milligan)

Tommy Hilfiger’s Greenwich estate sells for $45M

Tommy Hilfiger’s Greenwich estate sells for $45M
Jenna Ryan was part of a group who flew on a private plane from Denton, TX, to Washington, D.C., with the intention of joining the protestors (Twitter.com/DotJenna)

Texas Realtor faces criminal charges for role in Capitol attack

Texas Realtor faces criminal charges for role in Capitol attack
Porch CEO Matt Ehrlichman (iStock)

Porch snaps up four startups for over $122M

Porch snaps up four startups for over $122M
Nir Meir Asks Court to Stop Eviction (Google Maps)

Nir Meir seeks to throw out Hamptons ejection suit

Nir Meir seeks to throw out Hamptons ejection suit
Robert Frank with 1021 Park Avenue and Ben Lambert with 28 Laight Street (Getty, Google Maps)

Who’s buying and selling Manhattan homes? Last month’s notable deals

Who’s buying and selling Manhattan homes? Last month’s notable deals
New Yorkers signed leases in record numbers last month. (Getty)

Manhattan, Brooklyn rental leasing hit 12-year high in December

Manhattan, Brooklyn rental leasing hit 12-year high in December
Damien Dwin of Lafayette Square Holding (Photos via Lafayette; iStock)

Sustainable housing is focus of Damien Dwin’s social justice effort

Sustainable housing is focus of Damien Dwin’s social justice effort
arrow_forward_ios

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

Loading...