Sculptor Richard Serra drops $7M on Tribeca loft, now owns entire building
When this sprawling, full-floor Tribeca loft at 173 Duane Street first hit the market for $7.95 million at the beginning of the year, 6sqft wasn’t the least bit surprised at its strikingly creative interiors, considering it was owned by artist Merrill Steiger. As we noted, it’s the same building where prolific sculptor Richard Serra has lived and worked since the 1990s. At various points, he and his wife Clara have purchased the first, third, fourth, fifth and sixth floors of the early 20th-century cast-iron building, most recently paying just under $4 million for the third floor in 2011. This left only the second floor out of their hands, but LL NYC reports that Serra has just coughed up $7 million for Steiger’s unit, giving him ownership of the entire building.
After his third-floor purchase in 2011, the Observer noted that Serra has been on the fifth floor since 1977. In 1996, he applied for permits to transform the first floor from a residence to an art studio and the remove the interior partitions on the second floor (presumably to better house his large-scale works). The following year, he was granted a permit to add a sixth-floor penthouse the building, tapping architect Richard Gluckman.
His latest acquisition is a 4,223-square-foot home with classic loft details like columns, rounded windows, 11-foot ceilings, and exposed beams. In addition to an open contemporary kitchen and two bedrooms including a master suite, the loft appropriately boasts an enormous 43-by-19-foot artist studio and separate space that can be used as a gym, yoga studio, or office.
[Via LL NYC]
- $8M Tribeca loft is artist-owned and comes with a spacious studio and sculptor neighbor
- Light Installation Artist James Turrell Gets $2.2M for Classic Gramercy Co-op With Park Key
- Studio Visits: Artist Nancy Pantirer Shows Us Around Her Imaginative Tribeca Loft
Images courtesy of Good Property