Bon Jovi’s old condo sells at a $7.5M loss

LLC headed by Austrian-American businessman bought it in 2015 for $34M

583 Broadway (Credit: Google Maps)
583 Broadway (Credit: Google Maps)

The owner of a duplex condo that once belonged to Jon Bon Jovi just took a steep loss on the unit.

Ivar Mitchell, a managing director at Andlinger and Company, sold the apartment at 583 Broadway for $26.5 million, according to New York City Department of Finance records. Austrian-American businessman Gerhard Andlinger bought the property through JDA 2015 Investments LLC in 2015 for $34 million. But Andlinger died in December — and Mitchell sold the unit through the same LLC at a big loss.

The anonymous buyer is listed in records as Pingou LLC. The property, also known as the New Museum Building, has an alternate address of 158 Mercer Street.

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The duplex spans about 7,400 square feet and features three terraces, 11-foot ceilings, a private screening room, and two fireplaces.

The apartment was on the market in 2014 for $37.5 million — after Bon Jovi, whose actual name is John Bongiovi, previously listed it for $42 million. He purchased it in 2007 for $24 million.

Earlier this year, Bon Jovi sold his three-bedroom duplex at 150 Charles Street. It was listed for $15.95 million.