Stephen Ross's penthouse within the previously named Time Warner Middle (left) has simply entered contract.
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Billionaire actual property developer and Miami Dolphins proprietor Stephen Ross has simply edged nearer to promoting his 8,274-square-foot penthouse in Manhattan.
Most lately listed for $49.9 million, the five-bedroom aerie — which initially requested a a lot greater $75 million in 2019 — has entered contract, in response to a StreetEasy itemizing replace. It’s situated up excessive at 25 Columbus Circle, or the glassy Central Park-facing advanced previously referred to as the Time Warner Middle. Ross’s Associated Corporations was one of many corporations behind its improvement, which wrapped practically 20 years in the past.
The Wall Avenue Journal first broke information of the deal, however added the property’s most up-to-date consultant, Adam Modlin of Modlin Group, declined to touch upon the worth of the contract and the identification of the customer.
After itemizing for that tidy $75 million sum greater than three years in the past — earlier than Ross and his spouse, jewellery designer Kara Ross, break up up — the house underwent a worth chop to $59 million in 2021 when it was below a special brokerage, StreetEasy exhibits. Round this time final 12 months, when Modlin acquired the itemizing, it requested its most up-to-date $49.9 million.
Ross, a local of Michigan, listed this unfold following a transfer to a 35 Hudson Yards penthouse within the far West Aspect Hudson Yards megadevelopment, which Associated constructed.
This crosstown contract, the Journal notes, comes at a time when Ross is suspended from the Nationwide Soccer League. A league investigation discovered the Dolphins had “impermissible contact” with Tom Brady whereas he was nonetheless below contract with the Tampa Bay Buccaneers.
A consultant for Associated declined The Publish’s request for remark. Modlin didn't reply to a message looking for remark by press time.
The penthouse, in response to its itemizing, appears to be like out to 360-degree views. Customized-designed by Tony Ingrao and Randy Kemper, different touches embrace African bubinga wooden flooring, a 22-foot-long eating room with marble flooring, a breakfast banquette within the kitchen with Hudson River vistas and a library with upholstered partitions.
What’s extra, the 42-foot-long front room has two fireplaces and floor-to-ceiling home windows looking to Central Park.
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