Soho penthouse hits the market asking $60M. Brokers doubt it gets even half that

Corcoran and CORE are jointly marketing the pad at 419 Broome

TRD New York /
May.May 10, 2018 10:10 AM

419-421 Broome Street, Lisa and David Matlin (Credit: Getty Images)

Distressed debt tycoon David Matlin is about to list his Soho pad, and he wants a king’s ransom for it.

Matlin and his wife Lisa plan to list their full-floor penthouse at 419 Broome Street for $60 million, the New York Post reported.

There are doubts that the couple will get a figure close to that lofty sum.

“It is a beautifully done apartment, but it is not worth more than $30 million,” a broker told The Post. In 2012, the penthouse hit the market for $25.5 million but was pulled off the market.

The most expensive apartment to ever close downtown was private equity billionaire Robert Smith’s $59 million purchase at the Getty last month.

Matlin and his wife interviewed multiple brokers before picking a co-exclusive with Corcoran and CORE, but the details are still being hashed out, the report said.

The 7,634-square-foot penthouse has six terraces and a great room with 24-foot ceilings, according to an old listing. It’s above the unit where actor Heath Ledger died of an accidental drug overdose 10 years ago. The four-unit Broome St. building was bought by the property’s lender in a foreclosure auction for $15 million in 2009.[NYP]Meenal Vamburkar

Related Articles

49 East 10th Street and Barbara Corcoran (Credit: Google Maps and Getty Images)

Corcoran to shut down office in building partly owned by Barbara Corcoran

Corcoran President & CEO Pamela Liebman (Credit: Corcoran, Getty Images)

Welcome to Queens: Corcoran opens first borough outpost

Corcoran CEO & President Pamela Liebman (Credit: iStock)

Corcoran begins new lead-gen push via Facebook ads

Brokerage firms are strategizing ways to make up losses after the cost of application fees was capped at $20. (Credit: iStock)

Brokerages on rental application fee cap: “It hurts”

From left: RealPlus' Eric Gordon, Corcoran's Pam Liebman, Halstead's Diane Ramirez, Douglas Elliman's Howard Lorber and Brown Harris Stevens' Bess Freedman (Credit: Eric Gordon by Emily Assiran, Getty Images, Halstead, BHS, iStock)

Terra sells part of RealPlus stake to Corcoran and Elliman

Alex Rodriguez (Photos by Guerin Blask)

A-Rod is coming for NYC and SoFla real estate

There will be 70 agents based at the new office (Credit: iStock)

Compass opens Long Island City office as new-development sales surge

The Daily Digest - Tuesday

New life for Toys “R” Us, Masa Son is “embarrassed” with the Vision Fund: Daily digest