Billionaire Real Estate Developer Leonard Stern Sells Soho Penthouse for $15M
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Billionaire Real Estate Developer Leonard Stern Sells Soho Penthouse for $15M

October 24, 2014

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.

459 Broadway, Soho, Leonard Stern

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.

459 Broadway, Soho, Leonard Stern

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.

459 Broadway, Soho, Leonard Stern

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.

459 Broadway, Soho, Leonard Stern

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.

[Listing: 459 West Broadway, 6S by Rebecca Edwardson, Bonnie Chajet, and Lisa Chajet of Warburg]

Photos courtesy of Warburg

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All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.

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