Minimalist Sculptor Richard Serra Grabs a Second Unit in Tribeca Building for $7M

Published: June 9, 2017 | By: American Luxury Staff

Artist Richard Serra has purchased another apartment in the Tribeca building he calls home. The sculptor paid $7 million for the property from downstairs neighbor, painter Merrill Steiger. The property had been listed at $7.95 million prior to the sale. Serra now apparently owns all six floor-through units in the building, comprising an ongoing project of acquisition which began in the late 1970’s.

At 4,200 square feet, the additional space—comprising the second floor of the building—would present the freedom to explore attractive possibilities for a very large interconnected series of spaces—allowing for expansion into multiple floors for a massive studio, if desired.

As of now, the second-story floor-through loft in the Duane Street building is laid out as a two bedroom, two bath space with a yoga studio, separate living room, and open-concept great room, dining room and kitchen. 11-foot ceilings, hardwood floors, exposed brick, floor-to-ceiling built-ins, and functional period flourishes distinguish the space. Fortified, raw wood supporting pillars with peg construction, an industrial history and exposed pipes give the space the desired veneer of authenticity which makes a West Village loft so singularly appealing.

Serra has converted the sixth floor of the building into a penthouse, which will presumably remain the primary residential space. Time will tell what modifications Serra is planning for the interiors of the now very considerably space.

Serra works primarily as a large-scale sculptor, preferring steel as a medium.

2481 June 9, 2017 Real Estate June 9, 2017