Domed penthouse at 240 Centre Street gets yet another price cut

Alexander brothers and Modlin Group take over the listing

TRD New York /
May.May 23, 2019 11:30 AM
Ahmass Fakahany and 240 Centre Street's domed penthouse (Credit: Getty Images)

Ahmass Fakahany and 240 Centre Street’s domed penthouse (Credit: Getty Images)

Remember that penthouse nestled in the domed clocktower at the New York Police Department’s former headquarters? It’s back on the market — and with another price chop.

Douglas Elliman’s Tal and Oren Alexander and the Modlin Group founder Adam Modlin listed the 5,500-square-foot penthouse at 240 Centre Street this week for $19.5 million.

That’s down from its original ask of $39.9 million in 2015, back when it was first listed with Linda G. Calka.

Tal Alexander declined to comment.

The luxury pad has seen a string of price cuts in the years since. It’s most recent price change was in 2017, when it dropped to $27.9 million, per StreetEasy.

In the 2000s, Calvin Klein sold the penthouse to Ahmass Fakahany, co-owner of the Altamarea Group, which owns several restaurants around the country, and his wife Alsun Keogh. They combined it with another unit, only to discover a secret, circular room in the domed tower.

A representative for Fakahany referred comment to the brokers.

The renovated, four-story unit — which has a Parisian flair — also comes with two terraces, two garden patios and a private elevator. It also has an iron spiral staircase leading to the building’s iconic clocktower.

The building dates to the early 1900s and was once used as the headquarters for the NYPD. In the 1980s, it was converted into a co-op.

The Alexander brothers also recently took over another penthouse listing. The team took over the listing at 252 East 57th Street along Billionaires’ Row and gave the pad another price chop — down to $27 million from a previous $29.75 million.


Related Articles

arrow_forward_ios
Zillow CEO Rich Barton (Credit: iStock)

Zillow and Opendoor aren’t making much on home-flipping

This week, the State Department of Taxation and Finance issued a new memo that notably made no mention of condos. (Credit: iStock)

Regulators quietly change stance on condos in LLC law

Realogy CEO Ryan Schneider (Credit: iStock)

Realogy’s plan to stop the iBuyers from gaining a foothold in Chicago

Daily Digest Thursday

Worker killed at Lam Group construction site, Uber signs WTC lease: Daily digest

Developers are offering to pay the increased mansion and transfer taxes to give them an edge in a difficult market. (Credit: iStock)

Amid slow sales, developers give buyers a break on mansion taxes

Triplemint’s David Walker and John Scipione with Hoboken, New Jersey (Credit: iStock)

Triplemint expands to New Jersey

Brokerage firms are strategizing ways to make up losses after the cost of application fees was capped at $20. (Credit: iStock)

Brokerages on rental application fee cap: “It hurts”

Alex Rodriguez (Photos by Guerin Blask)

A-Rod is coming for NYC and SoFla real estate

arrow_forward_ios