The Real Deal New York

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
May 10, 2018 10:10AM

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