Meryl Streep parts with Tribeca PH for $15.8M

Oscar winner listed pad for $25M in 2018

Oscar-winner Meryl Streep has sold her Tribeca penthouse for $15.8 million.

Located at River Lofts, a private condominium popular with A-listers, Streep’s condo spans 4,000 square feet with four bedrooms, a wood-burning fireplace and media room. The full-floor pad also has a landscaped wraparound terrace.

Streep and husband Donald Gummer paid $10.13 million for the loft in 2006, according to records. They listed it for $24.6 million in 2018. After a broker swap and price cut, the unit was most recently asking $18.25 million before finding a buyer, according to the Wall Street Journal. The buyer’s identity wasn’t immediately clear.

Sotheby’s International Realty’s Juliette Janssens and Allison Koffman had the listing. Janssens told the Journal that the sale price was a “very strong number” given the soft luxury market.

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Contract activity for luxury units —- those above $4 million — has been sluggish. The first two weeks of January marked the worst start to the year in seven years, according to data from Olshan Realty.

Overall, sales above $5 million tumbled about 38 percent during the fourth quarter of 2019, according to appraisal firm Miller Samuel. (Sales below $5 million accounted for 95 percent of the quarter’s transaction volume.)

Meanwhile, recent splashy closings at certain developments — namely Vornado Realty Trust’s 220 Central Park South — largely stem from deals struck several years ago. [WSJ] — E.B. Solomont 

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