A penthouse apartment at 34 Greene Street in SoHo that has a 2,200-square-foot terrace and was bought with two adjoining apartments for $19.2 million was the biggest sale of the week, according to city records.
“It has ridiculous outdoor space,” said Frances Katzen of Prudential Douglas Elliman, who brokered the deal with her colleague Melanie Lazenby. Potential buyers were told that they had the option to put a reflecting pool or hot tub on the terrace so they could soak while gazing up at the Empire State Building.
The property was bought anonymously through a limited liability company. Ms. Katzen declined to comment on the buyer’s identity.
The building, originally a printing house, was bought in 2007 by the American arm of the Sorgente Group, an Italian company. The cast-iron facade, dating back to 1873, was restored by the architect Thomas McKay and the interior was gutted and converted into luxury condominiums. The first apartments were on the market in 2010. The penthouse, which has four bedrooms and five bathrooms and nearly 5,000 square feet of interior space, was priced at $13.75 million, but the buyer wanted more space and bought two smaller adjoining apartments.
The Sorgente Group, which also owns a stake in the Flatiron Building, has found success in New York City by acquiring historically significant properties and restoring and updating them.
After 34 Greene Street first opened, Veronica Mainetti, who heads the firm’s American office, told The New York Observer that the firm was always looking for projects like 34 Greene as well as “trophy buildings.”
“They always have to be historic,” she said. “That’s our strategy. We believe these kinds of buildings that have architectural value and historical value do better, especially in periods such as this. So we’re always looking.”
Big Ticket includes closed sales from the previous week, ending Wednesday.