Big Ticket | Sold for $9.5 Million

The director M. Night Shyamalan — whose breakthrough film, “The Sixth Sense,” told the story of a boy empowered to see and talk to the dead — was finally able to commune with a living buyer for his TriBeCa penthouse after more than a year, selling it for $9.5 million, the biggest sale of the past week, according to city records.

Mr. Shyamalan’s 7,000-square-foot, four-bedroom apartment, at 45 Walker Street, first hit the market in the fall of 2010 with an $18.5 million price tag. After six months with little action, Mr. Shyamalan switched brokerage firms, moving to Raphael De Niro at Prudential Douglas Elliman from Brown Harris Stevens. Several price cuts later, Mr. De Niro was able to close the deal.

The purchase was made through a limited liability company. Mr. De Niro said only that the buyer was someone in the financial industry who wished to remain anonymous.

The apartment is both luxurious and spacious, with a large terrace, glass mosaic floors and a “floating limestone staircase.” But it faced several hurdles in attracting wealthy buyers.

Although access is through a privately keyed elevator, it is in a no-doorman building. “That is problematic for some buyers at this price,” Mr. De Niro said.

It is also east of Church Street, on the outskirts of TriBeCa’s most moneyed area. “It is somewhat of a pioneering location,” Mr. De Niro said.

Although the sale price is about half what he first asked, Mr. Shyamalan still proved to have something of a sixth sense when it came to investing in New York real estate, making a $3.2 million profit on the apartment, which he bought in 2003 for $6.3 million.

Big Ticket includes closed sales from the previous week, ending Wednesday.

Powered By | Full Text RSS Feed | Amazon WordPress Plugin | Android Forum | Hud Software
Go to Source