You’re My Loft, Blue! Ferrell Goes to Contract in West Village

Will Ferrell once had a tough time reasoning with his toddler proprietor in his brilliant Funny or Die landlord skit, but it seems that these days his real estate luck is on the up. According to a source close to the deal, Mr. Ferrell and his wife, the Swedish actress Viveca Paulin, are in contract to buy a three-bedroom loft at Hudson and West 13th streets. The sale is set to close May 15, and while we do not know the price, we can gauge a ballpark figure from the last sales price of $4.4 million, in 2006. In any case, Mr. Ferrell should be able to handle the tag considering his top rank in Forbes‘ “Hollywood’s 10 Most Overpaid Stars” of 2009.

Broker Susan Meisel, whose eponymous firm had the listing in 2006, and who has done extensive business in the building but is not connected to this deal, gushed to The Observer about the property, which dates to the 1890s and was converted to condos in 1998. “It’s a wonderful building! Very young, very family-oriented, lots of doggies and babies everywhere, and there’s a live-in super, so it’s kept pristine and wonderful; it’s run like a submarine! He bought in a good place!”

Located “on the border of the West Village and the Meatpacking District” the spacious loft has two “generously sized” bedrooms, according to the 2006 listing, as well as a “windowed open space” easily converted to a third bedroom for one of Mr. Ferrells’ three boys. The open floor plan shows high ceilings with original iron columns and exposed heavy timber beams, as well as hardwood maple floors and renovated kitchen and bathrooms.

In January, the former Saturday Night Live quipster and his wife of 10 years welcomed their third son, Axel, who joined brothers Magnus, 5, and Mattias, 3. Now that the Old School streaker has enough cadets to start a fraternity of his own, he has been hunting for the right real estate to house his troops. According to a source in the building, the Ferrell brood have visited the loft several times in the past few months. The scheduled mid-May closing gives Mr. Ferrell enough time to finish the current L.A. run of his wildly successful and Tony-nominated You’re Welcome America: A Final Night with George Bush.