An extravagant domed quadruple in the historic Police Building in Little Italy has sold for just $10 million – a quarter of its original $40 million price.
The unique residence, which comes with its own secret room hidden behind a clock tower, is the latest example of Gotham’s wacky real estate market where a bevy of trophy apartments are selling — but at rock bottom prices.
The sellers were Ahmas Fakahani, former global president and COO of Merrill Lynch, and his wife, Alsun Keogh.
Fakahany currently heads the Altamarea Restaurant Group, whose holdings include the high-end Marea on Central Park South.
The penthouse at 240 Center St was once owned by fashion designer Calvin Klein and tennis player Steffi Graf. The sale was first reported by the real deal.
The new buyer is Aaron Chaus, CEO and founder of Clear River Investments, a private equity group focused on the fast food restaurant industry. The listing brokers are Douglas Alliman’s Tal and Oren Alexander.
This is just the latest trophy pad sold for a fraction of its original asking price. An astonishing spread at the Plaza Hotel, owned by fashion billionaire Jürgen Friedrich and his wife Anke Beck-Friedrich, is also in contract worth nearly $20 million — after being on and off the market for 13 years, as Gimme recently reported was. (He had bought the unit, known as the Astor suit, for $25.49 million, and tried to flip it the following year for $55 million.)
This downtown building served as the headquarters of the NYPD from 1909 to 1973, and was converted into luxury coupes in 1988.
Spread over 5,500 square feet, the penthouse has four floors, including four bedrooms, an imposing spiral staircase, an internal elevator and a belfry room that once housed clockwork. The third floor, which shows the dome room, has Palladian windows and high ceilings.
If that’s not enough to brag about, there are also panoramic views of the city, two garden patios, and two terraces.