Tribeca Condo Once Owned by Mike Myers Sells for $20.7 Million
Actor Mike Myers' former Tribeca condo at 443 Greenwich Street has been sold for $20.7 million, marking a significant increase of $6 million from its previous purchase price. The buyer, Triana 443 LLC, also holds the mortgage for the property. The 4,200-square-foot corner condo, known for its privacy and star-studded list of buyers, features four bedrooms and four bathrooms.
Key Takeaways
- Former Tribeca condo of actor Mike Myers sold for $20.7 million, indicating the enduring allure of luxury real estate in the area.
- Triana 443 LLC, the mortgage holder, has emerged as the buyer, suggesting a strategic investment approach.
- Legal issues, including a lawsuit seeking $376 million in damages for alleged defects, could impact future sales and investor confidence in the building.
- Despite controversies, the building continues to see high-value sales, such as a $51 million penthouse purchase rumored to be made by Bill and Melinda Gates' daughter.
Analysis
The sale of Mike Myers' former condo for $20.7 million reflects the sustained popularity of luxury real estate in Tribeca, despite ongoing legal challenges. The involvement of Triana 443 LLC as both the mortgage holder and buyer indicates a calculated investment decision. However, the building's ongoing legal disputes, particularly the $376 million lawsuit for defects, raise concerns about its impact on property values and investor trust. This unfolding scenario could potentially affect local businesses and financial institutions, creating widespread repercussions within the luxury real estate market. The fate of the building may carry broader implications for both local and global real estate investors over time.
Did You Know?
- Triana 443 LLC: The entity holding the mortgage and purchasing Mike Myers' former Tribeca condo remains enigmatic, reflecting common practices among real estate investors to ensure privacy, limit personal liability, and utilize tax advantages.
- $376 million in damages: The condo board's lawsuit for $376 million is unusually substantial, signifying significant building issues that could detrimentally affect condo values and desirability.
- $51 million penthouse sale to Bill and Melinda Gates' daughter: The rumored purchase by Jennifer Gates, daughter of philanthropists Bill and Melinda Gates, highlights the building's prestigious reputation and deluxe amenities, underlining the robust demand for upscale real estate in New York City.