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

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

arrow_forward_ios
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 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
Welcome to Queens: Corcoran opens first borough outpost
Corcoran CEO & President Pamela Liebman (Credit: iStock)
Corcoran begins new lead-gen push via Facebook ads
Corcoran begins new lead-gen push via Facebook ads
Birmingham and Bournemouth both saw a giant increase in demand. (Getty)
Demand for rentals rises in UK’s largest cities in Q1
Demand for rentals rises in UK’s largest cities in Q1
This Arkansas compound  sits directly across from the University of Arkansas football stadium. (Getty, Realtor.com)
Arkansas’ priciest home lists near Fayetteville football stadium
Arkansas’ priciest home lists near Fayetteville football stadium
Philip Falcone and his homes at 142 Crestview Lane in Sagaponack and  22 East 67th Street (Getty, Corcoran, Google Maps)
Foreclosure on Phil Falcone’s homes can move forward
Foreclosure on Phil Falcone’s homes can move forward
BHS CEO Bess Friedman, Sotheby’s CEO Philip White REBNY head James Whelan, Douglas Elliman executive chairman Howard Lorber and Corcoran CEO Pamela Liebman (Getty, iStock)
Broker fee ban an “error,” court rules
Broker fee ban an “error,” court rules
Christopher Riccio
Christopher Riccio joins Douglas Elliman, bids Leslie J. Garfield farewell
Christopher Riccio joins Douglas Elliman, bids Leslie J. Garfield farewell
arrow_forward_ios

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

Loading...