The Real Deal New York

Bill Gross’ daughter snags a penthouse at 160 Leroy

She bought the unit for $28M
By Meenal Vamburkar | August 29, 2018 06:15PM

Jennifer Gross and 160 Leroy Street (Credit: Twitter)

Jennifer Stengaard Gross, daughter of Pimco founder Bill Gross, bought a penthouse at Ian Schrager’s 160 Leroy Street.

The apartment sold for $28 million, according to the New York City Department of Finance. It was listed for $31.5 million. Douglas Elliman’s Madeline Hult Elghanayan, Kirk Rundhaug, Lauren Muss and Dennis Mangone had the listing.

The penthouse spans roughly 4,800 square feet and includes a roof terrace with a kitchen and private elevator. The unit also has a media room with a wet bar.

Gross co-founded Blue Chip Foundation, an organization focused on sustainable development, in 2015. She oversees the selection of partners and initiatives. She’s also part of the Gross Family Charitable Foundation.

Interior of 160 Leroy Street (Credit: Brown Harris Stevens)

In July, Philadelphia 76ers co-owner Michael Rubin went into contract for a penthouse in the building — for more than $40 million. The five-bedroom unit was listed at $51 million. When it closes, it will reportedly be the most expensive home ever sold below 14th Street in Manhattan.

The Real Deal previously reported that Schrager inflated the number of units in contract at 160 Leroy. Schrager said in 2015 that 40 percent of its then-49 units (now 57) were in contract shortly after launching sales. But public records and deal sheets for the building showed that only three contracts were signed when Schrager made that announcement.