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How to price a penthouse with an en-suite garage?
It's a bird, it's a plane, no it's a car elevator! Penthouse 1 at Annabelle Seldorf's notorious "sky-garage" condo project at 200 Eleventh Avenue has had a hard time finding the right buyer. The three-bedroom, 3.5-bath first hit the market in 2007 asking $9.5 million only to decide a few months later that an apartment with a sky garage was very special indeed. It upped the ask to $11.3 million.
The price then went down, then up, then way up, then the duplex sold for a measly $7.6 million 2011. Now, a new buyer has plunked down $11 million for the sleek spread. Has the unit found happiness at long last?
Hey, a sky garage is a hot commodity for a riverfront apartment these days—you don't have to worry about your car flooding the next time a hurricane hits. Of course, if the power goes out, the car remain stuck until who knows when, but better safe in the sky than waterlogged, right?
Besides the famous en-suite auto-storage, the unit, listed with Douglas Elliman's Herve Senequier and Leonard Steinberg, has two large loggia terraces, a freestanding granite tub and teak millwork. And although the unit sold considerably below the $12.95 million ask, seller West Sky LLC made a killing, a full $3.4 million, off this flip.
At least the buyer, 1300 Federal LLC, can take comfort in the fact that he or she paid for something close to what the unit has been asking for over the years ($7.6 million seems like a steal). Who might that buyer be? The LLC is registered to 435 Hudson Street, but that doesn't reveal any clues. Let's play the celebrity guessing game... Katie Holmes has been renting nearby in the Chelsea Mercantile and 200 Eleventh Avenue is "just moments" from daughter Suri's school. Or could it be Mitt Romney? The man needs someway to distract himself from his recent defeat and we know he likes car elevators. Does anyone else want to hazard a guess?
