Former R.E.M Frontman Michael Stipe Unloads Soho Penthouse for $9.6M

Posted On Thu, October 9, 2014 By

Posted On Thu, October 9, 2014 By In Celebrities, Recent Sales, Soho

Michael Stipe, former lead singer for the 80’s rock band R.E.M., has sold his duplex penthouse at 533 Canal Street in Soho for $9.6 million, according to city records released today. Stipe listed the co-op in June 2012 for $10.95 million, after purchasing it in 2007 for $5.75 million while it was being renovating. The unit has an impressive celebrity past; Stipe bought it from Ben Affleck’s younger brother Casey, who bought it from “Good Will Hunting” director Gus Van Sant. And recently actress Kirsten Dunst put her penthouse in the building on the rental market for $12,500 a month.

The three-bedroom penthouse has a light-filled central atrium, 2,500-square-foot terrace with Hudson River views, and an industrial-style kitchen designed by Mario Batali. Stipe had said that he was looking to move further downtown to a loft/work space for himself and his partner.

533 Canal Street, Michael Stipe

The huge terrace offers amazing views and a covered patio.

533 Canal Street, Michael Stipe

The contemporary staircase is topped off with a central atrium that fills the entire space with ample natural light. White lacquered walls, modern built-ins, and white-washed exposed brick also add character to the home.

533 Canal Street, Michael Stipe

We’re assuming Stipe enjoys cooking and entertaining, as he enlisted celebrity chef Mario Batali to design the top-of-the-line kitchen, complete with sleek black cabinetry and oversized subway tiles.

We wonder if the new owner will be another member of the Canal Street celebrity club…

[Related: Kirsten Dunst Lists Soho Penthouse for $12,500 a Month]

[Listing: 533 Canal Street, PH by Carter Wilcox of Corcoran]

Photos courtesy of Corcoran

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Neighborhoods : Soho

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