Billionaire Real Estate Developer Leonard Stern Sells Soho Penthouse for $15M
Leonard Stern, billionaire businessman and real estate developer and namesake of NYU’s Stern School of Business, has sold his “ultimate Soho penthouse” for $14,650,000 according to city records released today. In April 2014, a year after Stern originally listed the apartment, New York Magazine released a video tour of the 4,315-square-foot, four-bedroom duplex, revealing everything from a zen solarium to a restaurant-caliber kitchen.
Stern bought the penthouse of 459 West Broadway in 2010 for $14,250,000, but the small profit likely won’t affect him too much since his net worth is estimated at $3.8 billion.
The large living room boasts 18-foot ceilings, a dramatic picture glass window, and an architectural wood-burning fireplace. The dining room is home to the second fireplace. Throughout the home are custom walnut cabinetry and bookcases, a Crestron surround sound/lighting/security system, and electronic shades.
The impeccable chef’s kitchen features a Subzero refrigerator, Blue Star commercial quality double range stove, Miele eespresso maker, and Calacatta marble slab countertops. There’s also a separate catering kitchen and pantry.
The master bedroom exudes historic, Soho loft charm thanks to exposed brick and operable wooden shutters. The Carrera marble master bath has a carved soaking tub, stall shower, Waterworks Aero fixtures, and radiant heated floors.
The glass indoor lounge converts to an outdoor space with a sliding window wall system. Outside on the 1,500-square-foot, open-view, teak roof deck, you’ll find a fully outfitted kitchen with oversized grill, a foot pool and outdoor shower, and plenty of serene landscaping.
If all this wasn’t enough, the penthouse also offers a private, key-locked elevator entry, a laundry room, and a utility room with full state-of-the-art mechanicals including central air conditioning and a separate boiler and hot-water heater detached from rest of building.
Yeah, we’d say this is a home of billionaire proportions. But if you need further proof, check out the NY Mag video and our full gallery of photos below.
Photos courtesy of Warburg