After dropping its price from $25,000 to $18,500 a month on November 12th, Michael Cohen’s ill-fated Tribeca condo went into contract on Tuesday, 6sqft uncovered. The timing could not be more perfect for Trump’s former personal lawyer, who pled guilty today in federal court to lying about previous dealings with Russia. Cohen bought the condo at 111 Murray Street for $6.7 million in July but promptly put it on the rental market in August. Apparently, he bought the apartment as an “investment” when he faced pressure to defer the taxes on the $3.3 million sale he made last year on his Trump World Tower apartment. As we explained. “by closing on a new unit, he was able to take part in the 1031 exchange that allows investors to roll proceeds from one transaction over to another.”
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Located in what was once a cheese warehouse at 14 Harrison Street in Tribeca, this 4,500-square-foot loft has been the home of American playwright Edward Albee since 1977. According to Mansion Global, Albee held his famed annual Christmas party here, with luminaries like Lauren Bacall and Kathleen Turner in attendance. The duplex co-op spanning the building’s fifth and sixth floors is a fascinating home even without the literary connection; the classic loft, with an elevator that opens on each floor, is currently for sale asking $8.995 million.
Just about three years ago, 6sqft reported that one of Tribeca‘s more unusual architectural offerings, the 8,170-square-foot townhouse at 9 Jay Street that includes the famous Staple Street Skybridge, was for sale. The building, the pedestrian skybridge and loft condo it connects to–once the home and studio of iconic 1980s fashion designer Zoran Ladicorbic–were asking $50 million. Now, the quirky collection is back on the market with a hefty $15 million price chop, asking $35 million. The new ask comes with 4,080 square feet of air rights, and from the looks of the building’s wide open interiors, the options for a new buyer are many.
Image credit: Tim Waltman
This 8,000 square-foot Tribeca triplex in the American Thread Building contains a unique New York City treasure: An original Keith Haring mural, made in 1978 during the late artist’s days at SVA when the space was a student gallery. But the massive loft is itself a treasure: Occupying the lower floors of the classic, landmarked building at 260 West Broadway–it was among the first of Tribeca’s luxury condo conversions–the loft combines modern finishes with pre-war authenticity, plus the amenities of a condominium. 6sqft featured the listing in 2016 when it was asking $13 million, which was apparently too steep for potential treasure-seekers. The home was just re-listed at $9.999 million.
Photo of The Weeknd via Wikimedia
Celebrity couple The Weeknd and Bella Hadid have moved into 443 Greenwich Street, becoming the latest pair of stars to take over the Tribeca building. The famous singer-model duo has picked up a $60,000/month penthouse, which spans three levels and includes over 1,000 square feet of private outdoor space, as the New York Post reported. Due to its emphasis on privacy (it claims to be “paparazzi-proof” and includes an underground parking garage), A-listers like Jake Gyllenhaal, Meg Ryan, Justin Timberlake and Jessica Biel, and Jennifer Lawerence all call the luxury property home.
This corner artists’ loft at 6 Varick Street is about as classic as a downtown Manhattan loft can get, with original steel beam columns, massive oak beams and arched windows, original wooden plank floors, exposed brick walls, and 10-foot-tall tin ceilings. In addition to being on a high floor, the loft’s corner configuration gives it an unusual layout that sets it apart from the standard “white box.” Unobstructed views to the south and east look out over the neighborhood. The condop loft’s current interiors–a cozy and bright combo of shabby-chic and Scandinavian-inspired–show just how pretty even the most industrial loft can be.
This two-floor loft condominium at 11 Vestry Street isn’t your ordinary downtown loft space, though it has classic bones and a covetable Tribeca address. In addition to a picture-perfect warm-modern renovation, state-of-the-art appliances and huge windows, the loft’s lower floor is a self-contained space with a second kitchen. Like any loft, it would be easy to configure the space however you’d like, but the current version–asking $6.195 million–has plenty of interesting nooks and crannies. The home’s transformation from its former outdated ’80s look by Brooklyn-based architecture and design firm Isaac-Rae was featured in Dwell magazine.
If we had to guess what Meryl Streep’s home looked like, our description would be pretty close to the serene interiors of her Tribeca penthouse, which she’s just listed for $24.6 million. According to Curbed, the three-time Academy Award-winner and her husband, Donald Gummer, bought the four-bedroom apartment in 2006 for $10 million, and they’ve now decided to sell it after buying a mid-century-modern home in Pasadena last December. Though Streep has designed the interiors impeccably, with a laid-back coastal vibe and contemporary art collection, what really sets this residence apart is the 10-foot-wide landscaped terrace that wraps around three sides of the penthouse.
From the wide-plank oak floors to the sleek contemporary kitchen and exposed brick walls, this two-bedroom loft in a former textile merchant’s building at 40 Walker Street looks like it could be the perfect bachelor pad, as long as the smooth operator in residence is willing to fork over $9,995 a month for the Tribeca condo.
Photo of Michael Cohen via Wikimedia
As they say, never underestimate desperate people. In May, Michael Cohen, the disgraced former personal lawyer of Donald Trump who is now under federal investigation, put his $9 million Trump Park Avenue apartment on the market as collateral against a bank loan. So it was a bit surprising when he turned around dropped nearly $7 million on a condo in Tribeca’s flashy new condo tower 111 Murray Street. But it makes a bit more sense now, as The Real Deal learned that Cohen has listed the 19th-floor apartment as a $25,000/month rental. He made the purchase as an “investment” after allegedly facing pressure to defer the taxes on the $3.3 million sale last year of his Trump World Tower apartment; by closing on a new unit, he was able to take part in the 1031 exchange that allows investors to roll proceeds from one transaction over to another.