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Joshua Kushner & Karlie Kloss Acquire Penthouse At The Puck Building For $42.5M

The Puck Building
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This Other property located in NY was sold for $42,500,000 over 2 years ago. The broker of the deal was Adam Modlin

The Puck Building, located in NoLita, is currently in contract for a penthouse unit. The property boasts a total area of 7,241 square feet, with an interior space of 7,241 square feet and an exterior living space of 5,158 square feet. It offers 5 bedrooms, 7.5 baths, a library, gym, home theater, wine cellar, and landscaped private terraces. Additional features include a yoga lawn, putting green, spa tub, and wet bar. The penthouse is part of a larger complex that includes modern class "A" creative office and retail spaces on the lower floors. Notable tenants of the retail space include REI and Chef's Club, while the office spaces are occupied by NYU, Cadre, Plaid, Axiom, and Thrive Capital.

Summary of transaction details

  • Property Type: Penthouse
  • Transaction Amount: $42,500,000
  • Market: NoLita
  • Buyer: Joshua Kushner & Karlie Kloss
  • Broker: Adam Modlin - Modlin Group

Joshua Kushner, through Kushner Companies, acquired the Puck Building in 1980. The iconic building was originally designed by Albert Wagner. In the redevelopment, the first seven floors were transformed into modern office and retail spaces, while the penthouse units were added on top. The deal was facilitated by broker Adam Modlin of the Modlin Group.

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Deals
  • Location
    Puck Building, Lafayette Street, New York, NY, USAPuck Building, Lafayette Street, New York, NY, USA
  • Sale Price
    $42,500,000$42,500,000
    $5,869 PPSF$5,869 PPSF
  • Area
    7,241 SF7,241 SF
  • Asset Type
    OtherOther
  • Parties
    1 Broker, 1 Agency1 Broker, 1 Agency

Agent

Adam Modlin

Adam Modlin

Deals16
Sold$535.8M

Agency

Modlin Group

Modlin Group

Agency
Deals17
Volume$548.8M

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Deal Summary

IN CONTRACT IMAGE: Karlie Kloss, Adam Modlin & Joshua Kushner DATE: 09/02/2021 ADDRESS: The Puck Building MARKET: NoLita ASSET TYPE: Penthouse BUYER: @JoshuaKushner & @KarlieKloss 😎 BROKER: Adam Modlin @Modlin_Group PRICE: $42,500,000 SF: 7,241 ~ PPSF: $5,869 KUSHNER: @KushnerCompanies acquired Soho’s iconic Puck Building in 1980. Originally designed by Albert Wagner, Kushner repositioned the first seven floors into a modern class “A” creative office and retail environment, with penthouse condominiums on top. Puck’s retail space is leased to two best-in-class retail tenants, @REI and Chef’s Club. Some of the building’s current office tenants include NYU, Cadre, @Plaid, @Axiom, and @Thrive_Capital. THE RESIDENCE: The Penthouse offers 7,241 SF interior and 5,158 SF exterior living space featuring 5 Bedrooms, 7.5 Baths, Library, Gym, Home Theater, Wine Cellar and landscaped private terraces with a Yoga Lawn, Putting Green, Spa Tub and Wet Bar.

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The Puck Building

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