Buyer of $59M townhouse closed on $8M condo at same time

British billionaire Alan Howard nabbed Soho penthouse while inking UES deal

New York /
Mar.March 23, 2021 05:10 PM
70 Greene Street, Unit PH (Compass)

70 Greene Street, Unit PH (Compass)

It turns out Vincent Viola’s mansion wasn’t the only property on Alan Howard’s mind.

Howard, a hedge fund manager at Brevan Howard Asset Management, paid $8.25 million for a Soho condo unit at 70 Greene Street, or $2,058 per square foot, property records indicate.

The deal closed March 10, about the same time that the British investor agreed to pay $59 million for the Florida Panthers owner’s 20,000-square-foot Upper East Side townhouse.

Michael Graves, a luxury broker at Compass, was the listing agent for the Soho unit, a three-level penthouse that had sold for $12.35 million in 2015.

Howard went into contract in late January for the home, which had been on the market for 245 days. He paid the full asking price, but after it had been reduced twice.

It hit the market in 2018 seeking nearly $13 million, and by the time Compass picked up the listing from Douglas Elliman last February, a month before the pandemic halted in-person showings, the price was about $9.9 million. It was dropped a final time, to $8.25 million, in July.

Price cuts have been common at the high end of the Manhattan market in recent years. The average discount in Manhattan was about 10 percent in the fourth quarter of 2020, according to an Elliman report.

Howard’s 4,008-square-feet triplex is in a boutique building with two other residences in Soho’s quiet Cast Iron Historic District. It has five bedrooms and five bathrooms.

The sprawling apartment features luxurious amenities across its three floors, including skylights, three terraces and a hot tub with an outdoor shower and adjoining sky lounge. Forbes estimated Howard’s net worth at $2.8 billion.

Graves and Daniel Weiner, the buyer’s attorney, declined to comment for this story.





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