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

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

TRD New York /
Jul.July 19, 2018 09:05 AM

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.

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.


Related Articles

arrow_forward_ios
(iStock)

Déjà vu: New home sales hit 14-year high in August

Déjà vu: New home sales hit 14-year high in August
Housing and Urban Development secretary Ben Carson (Getty; iStock)

CoreLogic’s screening algorithm may have discriminated against renters: lawsuit

CoreLogic’s screening algorithm may have discriminated against renters: lawsuit
220 Central Park South with Louise Sunshine and Steve Roth (Google Maps, Getty)

Another 220 Central Park South condo trades for over $10K psf

Another 220 Central Park South condo trades for over $10K psf
The Real Deal's Amir Korangy, Fredrik Eklund and Louise Sunshine

Louise Sunshine and Fredrik Eklund hold court on selling luxury

Louise Sunshine and Fredrik Eklund hold court on selling luxury
Sheikh Sultan A. Al Qasimi and 15 Central Park West (Google Maps)

Tax lien triggers foreclosure filing on sheikh’s 15 CPW unit

Tax lien triggers foreclosure filing on sheikh’s 15 CPW unit
Photo illustration of the Williamsburg Bridge (Getty, iStock) 

As Manhattan struggles, Brooklyn’s sales market is “booming”

As Manhattan struggles, Brooklyn’s sales market is “booming”
HFZ Capital’s condo the XI has sold 38 of its 236 units (iStock)

HFZ’s Chelsea condo now effective, with 16% of units sold

HFZ’s Chelsea condo now effective, with 16% of units sold
Zillow's Rich Barton (iStock)

Zillow launches brokerage to boost iBuying

Zillow launches brokerage to boost iBuying
arrow_forward_ios

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

Loading...