Blade, SweetGreen execs close big condo deals

One sells in Chelsea while the other buys in Nolita

New York /
Feb.February 24, 2022 07:00 AM

Blade founder and CEO Robert Wiesenthal and SweetGreen co-founder and CEO Nicolas Jammet with 551 West 21st Street and 374 Broome Street (LinkedIn, Wikipedia, Corcoran, Elliman)

Now you know where your $16 salads and $500 chopper rides are going.

Top executives at helicopter service Blade and takeout eatery SweetGreen closed big condo deals in Manhattan, even as their companies’ stock prices have fallen by more than 50 percent in the past year.

Blade founder and chief executive Robert Wiesenthal sold his unit at 551 West 21st Street in Chelsea for $15.7 million, public records show. Wiesenthal had bought it in 2016 for $15.1 million, and listed it in December for $15.9 million.

The buyer is an LLC registered to real estate attorney Sandor Krauss. Brokerage commissions and other expenses would have more than offset the ostensible profit Wiesenthal turned on the Foster + Partners–designed apartment along the West Side Highway.

Meanwhile, SweetGreen co-founder and chief executive officer Nicolas Jammet bought a condo at 374 Broome Street for $4.75 million, according to filings. The building, where John Legend and Chrissy Teigen used to own a penthouse, sits on a handsome residential corner in Nolita.

The seller, fashion executive and banking heiress Julia Arnhold, whose wedding was written up in Vogue, recently gave a tour of the apartment to fashion website Doré. Arnhold bought the unit in 2012 for $3.6 million.

SweetGreen shares are down 51 percent since going public in November, a fate that has befallen many startups that went the IPO route last year. Blade combined with a SPAC in May 2021 and has traded roughly between $12 and $7 since then. Shares of the blank-check company had reached $18 last February on news of the merger.

Blade offers $795 flights from Manhattan to the Hamptons, bypassing traffic that the company’s marketing calls “one of the worst experiences to endure.” Manhattan residents might add helicopter noise to that list; their vociferous complaints have led city and federal lawmakers to propose limits on chopper services.





    Related Articles

    arrow_forward_ios
    Matt Lauer exposes Hamptons estate to the market
    Matt Lauer exposes Hamptons estate to the market
    Matt Lauer exposes Hamptons estate to the market
     Fredrik Eklund and the property (Getty, Steve Frankel)
    Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
    Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
    Gordon Ramsey and his Lucky Cat restaurant (Lucky Cat)
    Gordon Ramsay to open first South Florida restaurant in Miami Beach
    Gordon Ramsay to open first South Florida restaurant in Miami Beach
    (iStock, Illustration by Kevin Cifuentes for The Real Deal)
    Some 40 million US homes at risk from extreme 2022 weather
    Some 40 million US homes at risk from extreme 2022 weather
    Hana Ranch in Maui. (Sotheby's International)
    Mammoth Maui cattle ranch hits market for $75M
    Mammoth Maui cattle ranch hits market for $75M
    One of the pools at the Brooklyn Tower. (TheBrooklynTower.com)
    Life Time Group to manage 120,000 square feet of amenities at Brooklyn’s +1,000-foot tower
    Life Time Group to manage 120,000 square feet of amenities at Brooklyn’s +1,000-foot tower
    The U.S. housing market sets new record for home sales and prices in July 2020. (iStock)
    Moody’s chief economist says housing correction — but not crash — is on the way
    Moody’s chief economist says housing correction — but not crash — is on the way
    Brokerages take different approaches to social media ads
    To automate or customize? Brokerages split on social media ad formulas
    To automate or customize? Brokerages split on social media ad formulas
    arrow_forward_ios

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

    Loading...