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

TRD 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
Zillow CEO Rich Barton (Credit: iStock)

Zillow and Opendoor aren’t making much on home-flipping

This week, the State Department of Taxation and Finance issued a new memo that notably made no mention of condos. (Credit: iStock)

Regulators quietly change stance on condos in LLC law

Realogy CEO Ryan Schneider (Credit: iStock)

Realogy’s plan to stop the iBuyers from gaining a foothold in Chicago

Daily Digest Thursday

Worker killed at Lam Group construction site, Uber signs WTC lease: Daily digest

Developers are offering to pay the increased mansion and transfer taxes to give them an edge in a difficult market. (Credit: iStock)

Amid slow sales, developers give buyers a break on mansion taxes

Triplemint’s David Walker and John Scipione with Hoboken, New Jersey (Credit: iStock)

Triplemint expands to New Jersey

Brokerage firms are strategizing ways to make up losses after the cost of application fees was capped at $20. (Credit: iStock)

Brokerages on rental application fee cap: “It hurts”

Alex Rodriguez (Photos by Guerin Blask)

A-Rod is coming for NYC and SoFla real estate

arrow_forward_ios