Gracie Abrams is on observe to construct a megaunit at 1 Fifth Avenue.
The pop music star purchased an 18th-floor co-op on the Greenwich Village constructing, one 12 months after she bought an residence on the identical flooring for $5.5 million, in keeping with public data. Abrams paid $4.5 million for the penthouse, which was bought by the property of the late developer Joseph Cotter.
Penthouse 18EF, which was as soon as two separate models, is configured as a one-bedroom with two loos and two terraces. If mixed with the singer-songwriter’s different co-op within the constructing, Penthouse 18GK, the abode might have as many as 5 bedrooms, 5 loos and 5 terraces, some with views of Washington Sq. Park.
Abrams’ newest penthouse hit the market final March — across the similar time she purchased her different unit — with an asking value just below $6 million. The worth tag was later dropped to only beneath $5 million earlier than Abrams signed a contract to purchase it in December. The residence final traded in 2022, when Cotter, recognized for creating tasks in upstate New York and in metropolis suburbs, paid $5.4 million for it.
Sotheby’s Worldwide’s Martine Capdevielle and Brigitte Goldenberg, who had the itemizing, declined to remark.
The Artwork Deco constructing has different two-time consumers, together with actress Jessica Lange, who in 2018 purchased the co-op straight above one she already owned for $3.3 million. Along with Abrams and Lange, the 220-unit constructing is thought for its superstar purchaser roster, together with musician Keith Richards, filmmaker Tim Burton, actress Helena Bonham Carter and Gwyneth Paltrow’s mother, Blythe Danner.
Facilities within the landmarked constructing, inbuilt 1927, embrace full-time doormen and constructing employees. The property, designed by Harvey Wiley Corbett, was transformed right into a co-op in 1976, after serving as a resort for rich artists.
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Singer Gracie Abrams pays $6M for Greenwich Village co-op
Jessica Lange buys another pad at 1 Fifth
