Jardim penthouse seen in “Owning Manhattan” sold for $15M

West Chelsea condo formerly rented by rapper Bad Bunny for $150K

“Owning Manhattan” Jardim Penthouse Sold For $15M — Clockwise from bottom left: Douglas Elliman’s Frances Katzen, Ryan Serhant, Serhant’s Chase Landow, Vis Raghavan and 527 West 27th Street (Katzen Report, Serhant, Getty, Jardim)

Sheridan Wall

Jul 8, 2024, 1:09 PM

A Chelsea penthouse that made headlines for a sky-high rental price finally found a buyer.

The condo at 527 West 27th Street, known as Jardim, sold for $15 million in May to banker Viswas “Vis” Raghavan and Pamela Raghavan, according to public record.

Raghavan, originally from India, is the head of banking and executive vice chair at Citigroup. He previously served as the head of global investment banking at J.P. Morgan and was the chief executive officer of the company’s divisions in Europe, the Middle East and Africa.

The four-bedroom, four-bathroom apartment was featured on Ryan Serhant’s new reality show “Owning Manhattan.” The season finale shows Serhant and one of his agents, Chloe Tucker Caine, negotiating a rental deal for the condo, which Bad Bunny rented for $150,000 a month last year.

The penthouse was asking just under $18 million when it went into contract earlier this year, after initially asking $21 million when it was offered off floor plans in 2016.

The home spans roughly 4,500 square feet with another 4,600 square feet of outdoor space, including three terraces and a rooftop with a lap pool. It also features direct elevator access, a library and eat-in kitchen.

Serhant’s Chase Landow had the listing. Douglas Elliman’s Frances Katzen represented the buyer.

Centaur Properties and Greyscale Development Group’s two-building condo complex was designed by Brazilian architect Isay Weinfeld, marking his first New York City building. Its amenities include a private driveway, known for being “paparazzi proof,” as well as a fitness center, lap pool and yoga studio.

The 36-unit building has notched several million-dollar deals since sales launched in 2015, including Unit 11S, which sold for $7 million in 2022, and Unit 9A, which sold for $8.4 million the same year.

The 11-story condo complex neighbors Related Companies’ development at 520 West 28th Street. Sales at the Zaha Hadid-designed building have come with significant discounts from their initial offering prices, including Unit 32, which sold for $13.2 million last year, down from the $25 million listed in the original offering plan.