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

The home, listed earlier this year, sold for $11.7 million

New York /
Nov.November 26, 2018 04:30 PM

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.


Related Articles

arrow_forward_ios
(iStock)
Up, up and away: Home prices soar beyond buyers’ reach
Up, up and away: Home prices soar beyond buyers’ reach
 9 Olde Towne Lane
Southampton home in exclusive enclave sells for $34.5M
Southampton home in exclusive enclave sells for $34.5M
Carl Liebert, CEO of kwx and Marc King, president of Keller Williams (V Foundation, Keller Williams)
Keller Williams has its best Q1 ever with $98B in sales
Keller Williams has its best Q1 ever with $98B in sales
Better.com CEO Vishal Garg (Better.com, iStock)
Mortgage lender Better to go public via SPAC merger
Mortgage lender Better to go public via SPAC merger
The Penthouse at 60 Broadway in Williamsburg. (Compass)
Brooklyn sees 41 luxury deals inked last week
Brooklyn sees 41 luxury deals inked last week
14 Vesey Street, 1123 Avenue J in Brooklyn, and Jeff Sutton of Wharton Properties (Americasroof/Wikipedia, Google Maps, Wharton)
Jeff Sutton unloads Midwood commercial building
Jeff Sutton unloads Midwood commercial building
26 Bank Street and Connie Milstein (Google Maps)
Connie Milstein’s $20M West Village townhouse tops Manhattan contracts
Connie Milstein’s $20M West Village townhouse tops Manhattan contracts
(iStock)
Drop in home refinancing crimps mortgage firms’ profits
Drop in home refinancing crimps mortgage firms’ profits
arrow_forward_ios

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

Loading...