Mansion Global:

Final Penthouse At The Shephard Asks $24.5 Million

September 29, 2017Read Full Article

The West Village building has three penthouses total


By Liz Lucking


The third and final penthouse unit at The Shephard, a new condominium conversion in Manhattan’s West Village, hit the market Thursday asking $24.5 million.


Spanning 4,763-square-feet, the duplex unit is in the curved southwest corner of the red brick and granite building and has four bedrooms, a library with a turret and a large skylight, barrel vaulted ceilings and three terraces, according to the listing for the property. One garden-like terrace has an outdoor kitchen, one is a roof terrace with 360-degree views, and the last is smaller. The trio of outdoor space totals 1,475-square-feet.


The building’s two other penthouses, A and C, both went into contract within three days of each other earlier this month and were asking $18.85 million and $29.5 million, respectively, listing records show. The week they sold, they were the two most expensive contracts signed in the city.


The identities of the buyers are not known. Listing brokers Alexa Lambert and Alison Black of Stribling & Associates did not respond to requests for comment.


The Naftali Group, the building developers, bought the West 10th Street building in 2014, which was originally built in 1894 as a 12-story warehouse. They began renovations in 2015, which involved gut-renovated the entire building down to its original structure, installing brand new systems and interiors and adding the penthouses as well as a new lobby entrance and private residents garden, according to a statement from the Naftali Group.


“The Shephard’s design allowed us to create extraordinary penthouses that are a graceful combination of the building’s pre-war sensibilities and space with a modern glass element and wonderful outdoor spaces,” said Miki Naftali, chairman & CEO of the Naftali Group, in a statement.


The 38-unit building provides residents with a selection of amenities, including a mahogany-paneled library, a game room, a spa, a screening room, a golf simulator, an indoor half-basketball court and a bouldering wall for climbing.


Other available units at the building range in price from $12.25 million for a four-bedroom apartment, to $6.675 million for a three-bedroom maisonette.