Divide and Conquer: Leftover Walker Tower Duplex Finds a $25.5M Buyer

Cameron Diaz has a new neighbor

If the single unit looks like this, we can only imagine what the potential combination would have been.

If the single unit looks like this, we can only imagine what the potential combination would have been. (Photo: Sotheby's International Realty)

Bigger isn’t always better.

Elliott Joseph, a principal at Walker Tower co-developer Property Markets Group, learned the hard way that the market doesn’t always favor the mammoth, not even in Chelsea. Mr. Joseph scooped up two eighteenth-floor units in the condo conversion in 2014, shortly thereafter listing the pair as a potential combination with a rather steep $44.5 million price tag. Sure, it did seem a bit excessive, but this was shortly after Walker Tower’s $40.73 million penthouse sale, so the timing did seem to be in Mr. Joseph’s favor.

That's quite the guest room.

That’s quite the guest room. (Photo: Sotheby's International Realty)

Alas, unbeknownst to us all, the high-end market was then at its peak and there were no takers for the combo. And while the smaller of the two units sold for $10.41 million back in September, this particular four-bedroom, 4.5-bath condo lingered on the market even longer, languishing through the fall and winter.

But the 4,871-square-foot duplex has finally gone into contract. We suspect, in large part, due to its most recent listing price of $25.5 million—less than the $34 million he was hoping for, but perfectly respectable, especially considering he paid $17.17 million for the place.

Cameron Diaz has a new neighbor.

Cameron Diaz has a new neighbor. (Photo: Sylvain Gaboury/Patrick McMullan)

The duplex has a custom staircase, French herringbone oak flooring, an eat-in kitchen, and two south-facing terraces, per the listing, shared by Sotheby’s International Realty brokers Chris Poore and Serena Boardman. There’s also radiant-heated flooring throughout, and the master suite includes a marble-clad master bath and a walk-in closet; the rest of the bathrooms are white marble, as well.

Along with a fancy new condo, the buyer at 212 West 18th Street also gets some lovely new neighbors–Cameron Diaz, for one, owns a $9 million pad in the building.

And here we have the aforementioned custom staircase.

And here we have the aforementioned custom staircase. (Photo: Sotheby's International Realty)

Divide and Conquer: Leftover Walker Tower Duplex Finds a $25.5M Buyer