One High Line Penthouse Trades for $25M

A former hedge fund executive is the latest buyer at Steve Witkoff and Len Blavatnik’s One High Line.

Robert Shafir and his wife, Donna, bought a penthouse at the Chelsea condo project for $25 million, or roughly $5,200 per square foot, according to public records.

Shafir previously led Daniel Och’s Sculptor Capital Management and led Credit Suisse’s operations in the Americas. His purchase comes more than a year after he sold his penthouse at 150 Charles Street for $52 million — roughly $20 million more than he paid in 2016.

Shafir appears to have already been in contract to purchase the half-floor condo at 76 11th Avenue when it hit the market for $30 million in June 2023, according to Streeteasy. PH35A spans 5,800 square feet and has five bedrooms, five bathrooms and views of the Hudson River.

A spokesperson for the project declined to comment on the deal.

The Corcoran Group’s Richard Ziegelasch represented Shafir in the purchase and in the sale last year of the penthouse at 150 Charles Street.

Corcoran Sunshine’s Deborah Kern and Steve Gold are heading sales at the 236-unit building, once known as the XI. The development marketing firm replaced Douglas Elliman at the helm of the formerly troubled project and relaunched sales in 2022.

Witkoff Group and Access Industries paid $900 million for the development in December 2021, after HFZ Capital’s financial woes sent the property into foreclosure. Sales at the project were paused two years prior, as turmoil unfolded at the firm led by Ziel Feldman and Nir Meir. Meir is now accused of orchestrating an $86 million fraud scheme.

Since the rebrand, some of One High Line’s priciest units have snagged signed contracts, including a penthouse last asking $52 million when it landed an inked deal last June. Earlier this year, another penthouse found a buyer after asking $49 million.

The developers said the project was the top-selling new development in Manhattan in the first half of the year, with sales totaling about $800 million.

Last month, Witkoff and Blavatnik scored $1.15 billion to refinance the project from JP Morgan and Tyko Capital, marking one of the largest single-asset loans of 2024.

Amenities in the two-tower building include a lap pool, jacuzzi, fitness center, golf simulator and on-site parking. Buyers also have access to services at the project’s planned Faena Hotel.

This article has been updated to include broker information in the One High Line purchase and 150 Charles Street sale.