Bruce Eichner sells West Village condo for a third of ask

Top-floor unit at 100 Morton Street sells for $9M after listing in 2017

Bruce Eichner Sells West Village PH for Third of Initial Ask
A photo illustration of Continuum Company chair Ian Bruce Eichner and One Morton Square at 100 Morton Street (Getty, Google Maps)

A West Village penthouse owned by Ian Bruce Eichner had a hard landing after seven years on the market, ultimately selling for a fraction of its initial ask. 

The Continuum Company chair sold his unit at 100 Morton Street for $9.2 million, Crain’s reported. The price breaks down to roughly $1,614 per square foot for the 5,700-square-foot pad.

Eichner purchased the top-floor unit from Mary-Kate and Ashley Olsen in 2010 for around $8 million. But the developer was looking for much more when he put the unit on the market in 2017, seeking $25 million.  

The two-bedroom pad includes a fireplace, open kitchen, wine storage enclosure and both a dressing room and walk-in closet in the primary suite. The listing for the unit also detailed a floorplan that could allow for a six-bedroom configuration.

The anonymous buyer went into contract to purchase the unit in late September, five months before the deal closed. Corcoran’s Laurie Lewis held the listing.

Sign Up for the undefined Newsletter

The 14-story, 140-unit building — known as One Morton Square — opened in 2004. There was one sale more expensive there than Eichner’s, according to StreetEasy. There are also three active listings at the property, two of which are in contract; the other is on the market for $9 million.

Read more

Eichner Secures $90 Million Construction Loan for Bay Harbor Condos
Residential
South Florida
Eichner lands $90M construction loan for fully booked Bay Harbor condos
Residential
New York
Eichner's Madison Square Park saga enters final act
New York
The Closing: Bruce Eichner

Eichner’s rose to prominence as a top condo player in New York, but he’s plying his trade in the Sunshine State these days. 

Continuum recently landed a $90 million construction loan for the La Baia South condos in Bay Harbor Islands, a 68-unit project that is fully sold out. It’s expected to be completed later next year.

Eichner has another project in Bay Harbor Islands, which is 50 percent presold.

Holden Walter-Warner

Recommended For You