CasaSugar

This Just In: Richard Gere Puts an Asset on Market

Apr 10 2008 - 5:30am

According to Real Estalker [1], Richard Gere has put his four-bedroom, four-bath property in the Palazzo Chupi building in New York's West Village on the market for nearly $18 million. You may remember the building, which was designed by Julian Schnabel of directorial fame, from my recent Coveted Crib [2]. Schnabel is said to [3] have "created the apartment to feel like Venice in Manhattan." The listing reads [4]:

Room proportions are grand, ceilings are 12'6"+/- high, light streams in from all directions and there are huge French doors in every room leading to terraces with Hudson River views. A large wood-burning fireplace exists in the living room and there is a covered 66'+/- colonnade running along the entire north side of the apartment. Drama abounds. Amenities include parking, elevator, air conditioning, pool, and 24-hour doorman.

Well, it turns out that Gere isn't much for old Venezia; he purchased the property in September 2007 for only $12 million, and never moved in. He's made few improvements aside from aesthetic changes like changing the color of the kitchen cabinets, so the $6-million markup seems a little absurd. But, it may actually be a steal [5] — Schnabel himself is selling the two other units in the building (there are only five) for $32 million each.

Source [6]


Source URL:
http://www.casasugar.com/1538632