The Real Deal New York

Kushner Companies finds buyer for Puck building penthouse

The unit has been a $57K rental since 2017
By Decca Muldowney | March 13, 2019 01:23PM

293 Lafayette Street and Charlie Kushner

It’s been a $57,000-a-month rental, but now it looks like Kushner Companies has found a buyer for one of the last remaining penthouses at the Puck building in Nolita.

Penthouse III at the developer’s landmarked, six-unit building at 293 Lafayette Street is in contract for $18 million, according a source familiar with the deal.

The apartment is a three bedroom, five-and-a-half -bath unit, with a gas fireplace in the living room, vaulted floors, and heated floors spanning 5,000 square feet.

Kushner Companies first listed the unit for $19.95 million in March 2016 and pulled it from the sales market in January 2017, when Tal and Oren Alexander of Douglas Elliman brought a renter who paid $57,000 a month.

The anonymous buyer went contract on the unit at $3,600 per square foot.

Douglas Elliman’s James Flowers represented Kushner Companies in the latest deal, and the apartment was a whisper listing when it went into contract. He declined to comment.

Family patriarch Charles Kushner bought the property — a former printing press and home of Puck magazine — in 1986 for $19 million alongside investors Harry Skydell, Joel Seiden and George Gellert. The real estate firm, led by current White House senior adviser Jared Kushner, later added the six units atop the building. The first penthouse sold for $28 million in May 2014, and with Penthouse III under contract, only one pad remains available: Penthouse 1, listed for $66 million in 2016, and now on the market for $58.5 million.