The Real Deal New York

Seller of 421 Broome penthouse chops price, hires Elliman

Unit was previously asking $65M
By Meenal Vamburkar | November 16, 2018 06:00PM

The penthouse at 421 Broome Street with Fred Eklund (purple) and Eric Becker (red) (Credit: Douglas Elliman and Facebook)

The Corcoran Group’s Eric Becker is jumping to Douglas Elliman — and taking a pricey penthouse listing with him.

The penthouse at 421 Broome Street was listed in June by Becker, alongside CORE’s Shaun Osher and Emily Beare, with a price tag of $65 million. Becker is now joining Douglas Elliman’s Flatiron office and bringing the exclusive listing with him, according to a spokesperson for the company.

And the listing — with Becker, Fredrik Eklund and Noble Black — is now asking $59.5 million.

The sellers are distressed asset investor David Matlin and his wife Lisa Matlin. The couple bought the property for $17.8 million in 2011. A previous report noted the Matlins spent more time renovating the apartment than living in it — and it has been configured to have a more open layout. The penthouse spans about 8,000 square feet and has about 4,000 square feet of outdoor space.

When the unit hit the market over the summer, some brokers doubted the property could an offer anywhere close to the lofty price tag. The price point is on par with private equity billionaire Robert Smith’s $59 million purchase at the Getty earlier this year. Smith paid slightly less than $6,000 per foot for the penthouse, which spans 10,000 square feet across the top three floors of the building at 501 West 24th Street.

The four-unit Broome Street building was bought by the property’s lender in a foreclosure auction for $15 million in 2009.