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Puck Building penthouse trades for $33M
Unknown buyer paid $5.5K psf in off-market deal for Nolita condo
From left: Corcoran Group’s Dana Power and Sotheby’s International Realty’s Jeremy Stein along with the Puck Building at 293 Lafayette Street (Getty, Corcoran Group, Sotheby’s International Realty, Google Maps)
A penthouse at Kushner Companies’ Puck Building just snagged a $32.5 million deal.
The apartment at 293 Lafayette Street traded for roughly $5,500 per square foot in an off-market deal, which closed just before the Memorial Day weekend, according to public records.
The buyer, Blueberry Fields Trust, is an anonymous entity with a Delaware address. The sellers, an unknown LLC called HNZ Group, bought the condo in 2014 for $28 million.
Penthouse IV is one of six condos topping the iconic Nolita building, once home to the satirical cartoon magazine Puck. It has drifted on and off the market for eight years — each time with a $35 million asking price — until it was last listed in July 2022 and removed the following September, according to Streeteasy.
The four-bedroom, four-bathroom apartment spans nearly 6,000 square feet and has another 2,000 square feet of outdoor space included in its wraparound terrace.
Corcoran’s Dana Power and Sotheby’s International Realty’s Jeremy Stein, who represented the sellers in the deal, declined to comment. Douglas Elliman’s Ruthie and Ethan Assouline represented the buyer.
Penthouses at the building have nabbed deals in the double-digit millions since sales launched in 2013, though some have fallen flat of their lofty asking prices. Venture capitalist Joshua Kushner and his wife, model Karlie Kloss, in 2022 bought the largest condo in the building, Penthouse 1, for $35 million — down from its $66 million asking price in 2015. It last asked $42.5 million.
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At the time of the purchase, the couple had listed their other home in the building, Penthouse V, for just under $24 million.
The lower floors of the 19th century building are largely occupied by office space and outdoor retailer REI’s flagship store in the city. Quadrature, a United Kingdom-based hedge fund, last November signed a 10-year lease for 30,000 square feet of office space, marking the firm’s first stateside outpost.
The company will replace New York University’s Wagner Graduate School of Public Service, whose lease is expiring this year. Other office tenants include Cadre, Plaid and Thrive Capital.