Penthouse at Tadao Ando’s 152 Elizabeth sells for $30M

VC bigwig Matt Cohler was previously in contract to buy the unit, but it’s unclear if he’s the ultimate buyer

New York /
Jul.July 24, 2018 04:03 PM

From left: Matt Cohler, Leonard Steinberg, 152 Elizabeth Street, and Ryan Serhant (Credit: Getty Images and Condition Fields via Curbed NY)

The penthouse at the Tadao Ando-designed 152 Elizabeth Street has sold for $29.95 million — though it remains somewhat unclear who the buyer is.

Matt Cohler, a partner at Silicon Valley venture capital firm Benchmark Capital, went into contract for the unit last November. The asking price for the four-bedroom apartment was $35 million. However, property records show the penthouse was sold to an anonymous Delaware company called Elizabethan LLC, which is under the care of Christopher Boucher, an Oregon-based lawyer. He works for Apercen Partners, which represents high-net-worth individuals who work in venture capital and private equity firms, and hedge funds.

Brokers and those involved in the deal remain tight-lipped on whether the true owner is Cohler. At the time the property went into contract last year, it was reported that Nest Seekers International brokers Ryan Serhant and Cameron Culver represented Cohler in the sale. When contacted, Serhant said he could not comment on the deal.

CompassLeonard Steinberg, Debra LaChance and Denise LaChance are representing the developers, Sumaida + Khurana and Nahla Capital. Steinberg and Debra LaChance also declined to comment.

The building is one of Compass’ nine new development sites in Manhattan, according to its website. Others include One Beekman, 100 East 53rd Street and the Soori High Line.

Cohler, an early employee at Facebook, sold a penthouse at 10 Bond Street for $13.75 million in 2016. The penthouse at 152 Elizabeth spans 5,603 square feet and features floor-to-ceiling windows, oak flooring and a glass-and-steel staircase.

The seven-unit development is the first New York City project for Pritzker-prize winning architect Tadao Ando. Prices for the full-floor units started at $15 million.


Related Articles

arrow_forward_ios
Single-family rentals are increasingly seen as a more realistic alternative to ownership, given the hot housing market and income inequality. (iStock)
Single-family rentals soaring in hot housing market
Single-family rentals soaring in hot housing market
(Getty)
Manhattan buyers shun fixer-uppers
Manhattan buyers shun fixer-uppers
Sheldon Solow and the Hamptons estate (Getty, Douglas Elliman)
Sheldon Solow’s Hamptons home gets $10M price cut
Sheldon Solow’s Hamptons home gets $10M price cut
Investors home purchases rose to 15 percent in the second quarter, a year-over-year increase of 3.9 percentage points. (iStock)
Investors take bigger bite of US housing, and pay less
Investors take bigger bite of US housing, and pay less
Chicago Bulls’ DeRozan buys mansion from Michael Jordan’s ex-wife at discounted $4.5M
Chicago Bulls’ DeRozan buys mansion from Michael Jordan’s ex-wife at discounted $4.5M
Chicago Bulls’ DeRozan buys mansion from Michael Jordan’s ex-wife at discounted $4.5M
Existing home sales were on the upswing in September following a slight dip in August. (iStock)
Existing home sales rebound in September, rising by 7%
Existing home sales rebound in September, rising by 7%
Prices for the few homes in Fairfield are still going up (iStock)
Few listings, sustained demand keeps Fairfield home prices near record highs
Few listings, sustained demand keeps Fairfield home prices near record highs
520 Park Ave and Gil Agmon (Getty, Delek Motors, Robert A.M. Stern Architects)
After split, 520 Park sponsor unit sells to Israeli automotive exec for $36M
After split, 520 Park sponsor unit sells to Israeli automotive exec for $36M
arrow_forward_ios

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

Loading...