Greenwich Village penthouse once asking $50M sells for $14M

Head of mortgage REIT and his wife snap up “wellness” property

New York /
Jan.January 13, 2021 03:24 PM
Michael and Elin Nierenberg and their newly purchased penthouse at 66 East 11th Street. (Getty, Douglas Elliman)

Michael and Elin Nierenberg and their newly purchased penthouse at 66 East 11th Street. (Getty, Douglas Elliman)

 

A Greenwich Village penthouse has just sold for roughly half its original asking price — the second time that has happened.

Michael Nierenberg, the head of mortgage REIT New Residential Investment, and his wife Elin bought the penthouse at 66 East 11th Street for $14 million, the New York Post reported. It was listed in 2017 for $33.75 million, then went through a series of price cuts before the Nierenbergs scooped it up for a song — relatively speaking, anyway.

In 2013 the penthouse had hit the market with an eye-popping price tag of $50 million. It took three years for it to sell, closing at $26 million in 2016.

The triplex penthouse is located within the Delos building, known for touting so-called wellness amenities like Vitamin C-infused showers and circadian rhythm lighting. Deepak Chopra, who has a connection to Delos, and Leonardo DiCaprio both called the building home.

The apartment itself has four bedrooms, five bathrooms, a private elevator entrance and a 2,300-square-foot roof deck complete with glass-enclosed solarium.

The Nierenbergs recently let go of another pricey Village property: Their townhouse at 20 East 10th Street, which was once owned by Sarah Jessica Parker and Matthew Broderick, sold in November for $15.85 million. That was 13 percent below its final asking price of $18.25 million.

Nierenberg, late of Bear Stearns, Fortress and Merrill Lynch, in 2013 formed New Residential, a nonbank lender which provides mortgages to buyers who cannot get or don’t want conventional loans because of bad credit or other issues.

New Residential stock, like the price tag of the home Nierenberg just bought, has come down quite a bit. It’s worth just over half of what it was when the pandemic hit.

[NYP] — Amy Plitt





    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
    Donald Trump and Alex Adjmi (Photos via Getty; GOSO NYC)

    Real estate investor Alex Adjmi receives presidential pardon

    Real estate investor Alex Adjmi receives presidential pardon
    The home of late Broadway theater producer James M. Nederlander was first listed in 2019. (Getty, Platinum Luxury Auctions)

    Full-floor condo that belonged to Broadway titan heads to auction

    Full-floor condo that belonged to Broadway titan heads to auction
    17 West 54th Street and Stuart Froum (Google Maps, Linkedin)

    Renovation of stately co-op pits gum surgeon against board

    Renovation of stately co-op pits gum surgeon against board
    Multifamily’s trillion-dollar tango

    Multifamily’s trillion-dollar tango

    Multifamily’s trillion-dollar tango
    President Joe Biden (Getty; iStock)

    Joe Biden’s real estate checklist

    Joe Biden’s real estate checklist
    arrow_forward_ios

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

    Loading...