238 East 4th Street
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238 East 4th Street

Condo in Alphabet City
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June 30, 2015

Designer and Art Writer Sue Hostetler Finally Sells Four-Story Alphabet City Condo for $7M

Six years ago, designer and art writer Sue Hostetler (she's the Editor-in-Chief of Art Basel Magazine) built a modern six-story townhouse at 238 East 4th Street. She and her husband, media executive Jon Diamond, decided they'd occupy the first four floors, while selling off the two-story penthouse. The Alphabet City location raised some eyebrows at the time, but before long, celebrity husband-and-wife design team Bob and Cortney Novogratz were tapped to design the upper condo, which sold for $5 million to Oscar Proust and Colleen Goujjane, owners of the well-known West Village restaurant One If By Land, Two If By Sea. But despite creating her dream home from the ground up, and even installing a paparazzi shield on the one-car garage, Hostetler first put her massive home on the market in 2012 for $8.5 million. Rachel Weisz and Danielle Craig checked it out at the time, but it's been struggling on the market for three years, including an attempt at selling the entire building for $12.4 million. Now, according to city records released today, the 6,500-square-foot residence has sold for $6,995,000, and the buyer is, quite appropriately, light and interactive sculptor Jen Lewin.
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