Anonymous buyer pays $35M, a Soho record, for condo unit

The anonymous entity Menemshovitz NY Realty, Inc. paid David Matlin and Lisa Matlin’s 421 Broome St. LLC $35.1 million for a condo unit at 421 Broome Street in Soho. The deal closed on September 16, 2020, and was recorded on October 1, 2020. The transaction consists of 2 parcels, including the tax class residential condo in Acris (SC). The property is 8,000 square feet.

The contract date was August 10, 2020. The sellers are a married couple. David Matlin is co-founder of distressed investment firm MatlinPatterson Global Advisers. The sale was a record for a residential home in Soho, the Wall Street Journal reported.  The last time the property sold was March 25, 2011, for $17,819,375.

The buyer may have also bought a home in Martha’s Vineyard in 2018 for $15 million.  The buying entity was similar and both used lawyers from the Gibbons law firm in Manhattan. The attorney who signed for the Soho unit is a member of the firm’s “German Practice and counsels a number of German clients.”

The Acris record incorrectly records the name of the buyer on the title page.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link
The signatory for the buyer or lender was Peter Flagel”