As we reported recently—at what some might even call excessive length—the fact that a famous figure once owned a property does not necessarily mean that people are willing to be overcharged. Very often, many brokers told us, buyers will in fact be loath to stand for any such thing. And such has been the fate of the Greek Revival townhouse at 763 Greenwich Street once owned by Kiefer Sutherland. In 2012, Mr. Sutherland sold the place, a really-very-handsome redbrick affair, four stories tall and 3,694 square feet, for $17.5 million to David Matlin–a so-called “vulture” distressed asset investor who reached “Babe Ruth” status in the industry before taking some knocks in the market—for $17.5 million.
Mr. Matlin put the place up for sale again fast, listing it for $22 million in April of last year, before switching brokers, to Leonard Steinberg and Herve Senequier, at Compass, who most recently asked an even $20 million for the home. But the seller seems to have been feeling some distress of his own, letting the place go for $17.75 million, according to city records, just a shade over what he paid in the first place. The buyer operated through a company called Mango Tango LLC, which lists as its signatory one Thomas Brodsky, and as its mailing address a Third Avenue law firm that has represented the residential developer, the Brodsky Organization–in which Thomas Brodsky is a partner–in past transactions.
It’s possible, of course, that this is a coincidence. Or that Mr. Brodsky, who got married in France last year, was simply acting as an agent of his family’s development apparatus. But the latter seems kind of unlikely, given that Mr. Sutherland put the home, which he himself picked up for just $8 million, through a fairly stunning renovation, courtesy of Architectural Digest-anointed architect Steven Gambrel. (The Brodsky Organization did not respond to the Observer‘s request for comment.) Serviced by an elevator, the five-bedroom is at once rustic and supremely modern, with rugged-looking wide-plank wood floors, stone walls in the dining room, multiple wood burning fireplaces and a very great deal of molding. There’s also a patio on the rooftop, and one out back, accessed through French doors.
Still, splendor or not, we can’t expect our real estate magnates to go around overpaying for their own real estate.