14 Jan Ian Schrager Snaps Up Unit In His Latest NYC Building Featuring $80 Million Penthouse
The Ian Schrager-developed, Herzog & de Meuron-designed building at 160 Leroy St. is already more than half sold — and one of the buyers, Schrager tells Gimme Shelter, is Schrager himself. The legendary hotelier and co-founder of Studio 54 says he is buying a 12th-floor unit “for around $15 million.”
Schrager currently lives in the penthouse at 40 Bond St., but plans on downsizing now that the last two of his four children and stepchildren will be heading off to college.
In other news, Schrager confirms that the building’s full-floor penthouse will be in the “$75 million to $80 million” range. That steep asking price comes as the building officially launches sales next week of select units, which will range from $6.1 million to $26.5 million. The penthouse will be roughly 12,200 square feet and comes with five bedrooms, a private elevator and its own private rooftop pool — and Schrager reports there is already “serious interest” in it.
The fact the building is small, just 49 units, means that Schrager is “insulated from the vagaries of the economy.” Besides, he says, “if you do something really special, it doesn’t matter what the market is. People will seek it out. This is the last site on the water [along the Hudson River]. It’s amazing.”
The building’s brokers, at Douglas Elliman, are Madeline Hult Elghanayan, Kirk Rundhaug, Lauren Muss and Dennis Mangone.