Karlie Kloss

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American supermodel Karlie Kloss and her husband, Joshua Kushner, have owned various homes together but were recently brought back to Kushner’s family business, Kushner Properties, as buyers. Kloss is notably recognized for her work as a Victoria’s Secret angel and in 2015, launched Kode With Klossy as a coding program for young girls. Her husband, Joshua Kushner, is the founder of venture capital firm Thrive Capital and while he does not have a role at his family’s reigning real estate company, the business was once led by his brother, Jared Kushner, former White House senior adviser and the son-in-law of former United States President Donald Trump.

Built in 1885, the Puck Building was acquired by Kushner Properties over three decades ago. The iconic Romanesque Revival property originally designed by Albert Wagner consists of nine stories and six limited edition penthouse units. In 2015, the Kloss and Kushner’s newly acquired unit was initially listed at a whopping $66 million. Since then, the space has been listed on and off the market as it was reportedly serving as a rental residence at $1.25 million a year. In March of 2019, the home was relisted at $42.5 million. With Kloss and Kushner only recently under contract, the final purchase price is not yet available to report. However, it was last listed for $42.5 million.

Kloss and Kushner’s newly acquired abode is known as Penthouse One of the historic building. As a limited edition of six, recently completed Penthouses, this duplex spans more than 7,200 square feet with 5,100 square feet of private outdoor space. The lavish loft melds together a modern aesthetic with custom finishes and prewar decoratives. With sweeping views of the bustling cityscape, the space boasts oversized windows, cast-iron columns, and barrel-vaulted ceilings. The home offers its own library, a cinema room, and terrace with lush putting greens and a hot tub. Other luxe amenities of the residence include a full-time doorman and concierge, in home service, and catering from the Chef’s Club by Food & Wine restaurant.

Adam Modlin of the Modlin Group holds the listing for this property.

The post Purchasing Puck Penthouse: Karlie Kloss and Joshua Kushner In Contract For $42.5 Million NYC Residence appeared first on Haute Residence by Haute Living.

They were hosted by Haute Living's April Donelson. The event's live watchers submitted their own questions that added to the dynamic conversation. Scroll down to watch the video.

Adam Modlin, Richard Steinberg

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See video above

About today's panelists:

• Modlin is Founder of Modlin Group, which has closed transactions in excess of $2 billion, including a record-setting $77 million New York single-family townhouse.
• Steinberg is one of New York’s most successful and prominent brokers, grossing over $150 million in sales yearly, and star of “The American Dream New York City” on WLNY-CBS.

Highlight quotes:

Modlin: "This quarantine has caused all of us to look inward and redefine what home means to us. This is a very unusual time... I expect people to come out of this with a strong desire to buy real estate. I think we'll see a resurgence of interest in single-family environments with outdoor space, townhouses, boutique condominiums with fewer units, and fully amenitized buildings... Now is the time to do your homework. Learn and develop an encyclopedic knowledge of comps. You need to know your numbers."

Steinberg: "There will be pent-up demand for purchasing real estate. I think our biggest challenge when we get back into business is going to be buyers and sellers' perspectives... It's going to take really seasoned professionals to be able to close a deal and do what's best for your seller/buyer... (Before,) you had a launch event for a new development with hundreds of brokers. I believe those days are over... There are deals to be made as long as they are fair and reasonable. There will be a lot of business being made if both sides (buyers and sellers) adjust."

Watch other Haute Residence webinars about the latest on the real estate market in national and international markets at dev.hauteresidence.com.

The post Watch: New York Real Estate During Quarantine With Adam Modlin And Richard Steinberg appeared first on Haute Residence by Haute Living.