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New York

Penthouse in Witkoff’s 150 Charles sells for $11K psf

Unknown buyer paid $52M seven years after unit traded for $29M

Witkoff's Steve Witkoff with 150 Charles Street
Witkoff's Steve Witkoff with 150 Charles Street (Witkoff, Google Maps, Getty)

A penthouse at Steve Witkoff’s 150 Charles Street traded for a whopping $52 million, or more than $11,500 per square foot. 

An unknown buyer scooped up the West Village condo in an off-market deal, according to public records. The Wall Street Journal first reported the seller was a company linked to Credit Suisse executive Robert Shafir, who purchased the 4,500-square-foot apartment for $29 million in 2016.

Attorney James Carolan is listed as the manager of the anonymous LLC. 

The unit underwent an extensive renovation since it last traded, said Douglas Elliman’s Raphael De Niro, whose team represented the developer in the 2016 sale. An old listing for the property describes it as having five bedrooms and 2,500 square feet of outdoor space. 

Corcoran’s Richard Ziegelasch represented the seller in the deal, and Corcoran’s Deborah Kern represented the buyer. Both brokers declined to comment.

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The 91-unit building has a track record of housing big names in real estate, finance and entertainment. Some of the condo’s buyers have included Ben Stiller, Jon Bon Jovi, Irina Shayk and Douglas Elliman’s John Gomes. 

Among the amenities at the 15-story condo are a motor court, parking garage, pool, sauna, steam room and fitness center. 

The Witkoff Group launched sales at the building in 2013. Two years later, the developer began allowing buyers to flip their contracts for a 10 percent cut of the sales. 

Witkoff also shelled out about $47 million in 2016 to purchase four units in the building, including a 4,600-square-foot penthouse.

The sale of Unit PHA is the latest in a series of eye-popping deals in downtown Manhattan. A penthouse at Witkoff and Len Blavatnik’s Chelsea development, One High Line, entered contract after asking $52 million. A penthouse at 151 Wooster Street also nabbed a deal for $50 million, or $5,000 per square foot, earlier this month. 

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Companies and People
Corcoran GroupDouglas EllimanSteve Witkoff