Downtown can lay claim to much of Manhattan’s cultural capital. Tomorrow’s masterpieces hang in its art galleries, and the latest culinary trends originate at its restaurants. And that caché has pushed home prices south of 34th Street into the stratosphere. Still, the area has yet to match the eight- and nine-figure home sale numbers seen more often in Midtown, the Upper East and Upper West sides. But one Tribeca building owner is making an attempt to best his northerly neighbors with a $105 million off-market condo.
In 2014, developer Ben Shaoul paid $274 million for the top 21 floors at 100 Barclay Street in Tribeca, which has at various times been known as the Verizon Building, Ralph Walker Tribeca and 140 West Street. Rumors quickly surfaced Shaoul was seeking as much as $100 million for a massive 25,000-square-foot penthouse. Those rumors were confirmed when the New York Post got wind that pop-singer and “The Voice” judge Christina Aguilera toured the $105 million penthouse.
At that price, the penthouse would be the most expensive condo ever sold in New York City.
In January 2015, a duplex penthouse at the pinnacle of One57 on West 57th Street sold for $100.4 million, setting a new citywide record. But Downtown has only produced closed sales at about half that price — despite a batch of pricey listings.
At the Ritz Carlton in Battery Park City, the owners of the top floor units created a short-lived $117 million condo. That condo is now asking $75 million. And the top floors of the iconic Woolworth Tower are going condo, with the largest unit priced at $110 million.
But Downtown’s record home sale remains stuck at just $50.9 million. Interestingly, that was set by the penthouse of another Ralph Walker–designed building, Chelsea’s Walker Tower.
But 100 Barclay Street is being marketed differently than other pricey homes. It’s never officially been listed. A search on Streeteasy reveals nothing more expensive than a $12 million apartment listed in the building. That also means there’s not much information available about the penthouse itself. The building’s marketing team didn’t return LLNYC’s calls.
It could be that silence is what this penthouse needs to sell. The billionaires who can afford such a home are notoriously private and value exclusivity. Case in point: access to One57 was initially extremely limited. When property investor Michael Hirtenstein allegedly bribed a construction worker so that he could check out the view from his new home, developer Gary Barnett canceled his contract and returned his deposit. One57’s milestone sale occurred soon after. Seems like silence is indeed golden.