Third time’s a charm? Tribeca Film Festival co-founders list Dakota co-op again

The five-bedroom apartment was first listed in 2016 for $39 million

New York /
Sep.September 16, 2019 02:48 PM
Jane Rosenthal and Craig Hatkoff with 1 West 72nd Street (Credit: Getty Images and StreetEasy)

Jane Rosenthal and Craig Hatkoff with 1 West 72nd Street (Credit: Getty Images and StreetEasy)

The divorced co-founders of the Tribeca Film Festival are trying to sell their sprawling apartment at the Dakota once again.

Film producer Jane Rosenthal and real estate investor Craig Hatkoff first listed their five-bedroom apartment for $39 million following their split in 2016. After a year on the market, they slashed their asking price by 25 percent but still didn’t snag a buyer. Their most recent attempt chops the price even further to $25 million with broker Adam Modlin handling the listing this time around. He declined to comment.

The former couple combined four apartments to create their massive eighth floor apartment, which faces Central Park. They reportedly called the apartment home for two decades.

The Dakota was built in 1884 and became a co-operative in 1961. The building has seen a string of famous residents including Yoko Ono and John Lennon, Robert Flack and Judy Garland.

But in recent years listings in the exclusive co-op are lingering on the market and seeing significant price cuts, mirroring the city’s troubled luxury market. Amid a backdrop of staggering oversupply of newly built condos, properties are taking an average haircut of 9 percent off their original listing prices before sale, according to Donna Olshan.


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

Hudson Yards megadevelopment inspires a new line of sex toys
Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio
Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
55-15 Grand Avenue, Queens; Phil A. Belling of LBA Realty; Jamie Dimon of JPMorgan Chase (Getty, RXR/BL Architects)

LBA lands $316M loan for Amazon warehouse in Maspeth

LBA lands $316M loan for Amazon warehouse in Maspeth
Gov. Andrew Cuomo (Getty, iStock)

Cuomo to ease requirements for rent relief

Cuomo to ease requirements for rent relief
From left: Compass CEO Robert Reffkin, 1 Wall Street and Macklowe Properties chairman Harry Macklowe (Getty; Macklowe Properties)

Macklowe taps Compass to sell 1 Wall Street

Macklowe taps Compass to sell 1 Wall Street
Gov. Andrew Cuomo (Getty)

Cuomo stops city’s tax lien sale again. Will it ever happen?

Cuomo stops city’s tax lien sale again. Will it ever happen?
Jonathan Kalikow and a rendering of 3 Sutton Place

Court overturns ruling that would have upended “the whole land development industry”

Court overturns ruling that would have upended “the whole land development industry”
arrow_forward_ios

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

Loading...