American Sculptor Richard Serra Buys $7 Million Tribeca Loft

American minimalist sculptor Richard Serra has picked up another industrial loft in Tribeca for $7 million.

Mr. Serra, 78, who splits his time between New York and more bucolic digs in Nova Scotia, is known for his monumental steel sculptures.

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The artist already owns another apartment in the same building on Duane Street. He bought the first unit for nearly $4 million in 2011, according to property records, and records indicate that his latest investment sits a floor beneath.

Mr. Serra’s rough metal artwork is well-suited for the former 19th-century meat-packing plant, which developers later turned into a co-op building. The two-bedroom home has exposed brick walls, an artist’s studio and ample storage, according to a listing with Good Property agents Joshua Gurwitz and Tiffany Sirlin.

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And while the artist is now the owner of the whole second floor, spanning some 4,200 square feet, he would be hard-pressed to move in any of his most iconic works, such as the 3.5-meter high "Tilted Arc" that sat outside Federal Plaza in New York City or the 55-foot high "Fulcrum" sculpture in London.

Still, Mr. Serra will get a modern floor plan, with an open kitchen, 11-foot ceilings and southern lighting.

Mr. Serra declined to comment for this story.