The Real Deal New York

Pop artist pioneer James Rosenquist’s Tribeca townhome sells after price chops

The home, listed earlier this year, sold for $11.7 million
By Meenal Vamburkar | November 26, 2018 04:30PM

James Rosenquist and 162 Chambers Street (Credit: Minneapolis College of Art and Design)

A sprawling Tribeca townhouse, once home to pop artist James Rosenquist, just sold for $11.7 million.

The property at 162 Chambers Street was sold by Rosenquist’s estate, according to records filed with New York City’s Department of Finance. The artist died in April 2017 — and bought the property in 1977, reportedly for $120,000.

The buyer is listed in the records as “162 Chambers Street, LLC.” The signatory for the LLC is accountant Sung Pak and the buyer’s attorney is Ackerman’s Steven Polivy. Polivy couldn’t immediately provide comment.

Sotheby’s International Realty agent Chris Poore had the listing. The 10,000-square-foot home hit the market in March, asking $15.5 million. Two price cuts later, it was listed for $14.49 million — which comes out to $1,446 a square foot. The home sold for $1,168 per square foot.

Poore didn’t immediately respond to request for comment.

The 32-foot-wide building has five stories plus 7,500 square feet of air rights. Each floor has access to the private elevator. The listing noted the property can serve as single family home, condominium or mixed-use building.

One of Rosenquist’s best known works is “F-111” — a massive 1960s piece that features an image of a fighter plane stretching across 51 panels, with fractured images including a beach umbrella, a mushroom cloud and a small girl sitting under a hair dryer that resembles a missile. It is now in the collection of the Museum of Modern Art in New York.