A penthouse at Soho’s Little Singer Building, the historic Manhattan co-op that was once home to the Singer Manufacturing Co., is hitting the market later today for $22.5 million, Mansion Global has learned.
The apartment will be the second most expensive residential listing on the market in SoHo according to property records, bested only by Jon Bon Jovi’s onetime Soho penthouse on Mercer Street, which is asking $34 million.
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Compass broker Steve Dawson, who is handling the sale alongside his colleagues Mark Jovanovic and Scott Hustis, couldn’t comment on who is selling the four-bedroom home, but property records show it was purchased in 2008 for $5.8 million by Ph Prince Holdings, LLC.
It was basically a shell at the time, Mr. Dawson said, so the mystery owners embarked on a total renovation and drafted American architect Mark Foster Gage for the 18-month redesign.
"A lot of his stuff is at the cross section of technology and architecture," Mr. Dawson said, pointing to a robotically-cut stainless steel staircase and a custom-sculpted 20-foot-long Corian kitchen island that, according to him, closed down Prince Street when it was hoisted into the apartment.
The penthouse has two entrances—and technically two addresses too—thanks to its L-shaped layout, one on Prince Street and one on Broadway. Plus it has high ceilings, four skylights, white oak floors, a chef’s kitchen and a roof deck.
Built in 1903 and designed by Ernest Flagg, the cast-iron building was home to Singer, makers of the iconic sewing machines, until its conversion into a co-operative in 1979.
"You have that historic nature of the building itself," Mr. Dawson said, "and within that is this very modern contemporary apartment."
The 12-story building stands out as "one of the tallest in the neighborhood," Mr. Dawson said, as it’s surrounded by mostly six- and eight-story buildings. It’s a "unique factor in the SoHo market," he said.
In the past year, eight listings priced at above $10 million have sold in the neighborhood, according to StreetEasy data, two—at 27 Wooster St. and 10 Sullivan St.—closed at more than $20 million.