|The well-documented softening of New York’s luxury market has led many sellers of high-priced properties to slash asking prices—and even beloved, Academy Award-winning actors aren’t immune.
The Wall Street Journal reports that Meryl Streep, actual celebrity royalty, has re-listed her stunning Tribeca penthouse, which first hit the market last summer. When it initially listed, the four-bedroom apartment at the River Lofts condo was asking $24.6 million; now, the price has dropped to $18.25 million. The Oscar-winning actress also switched brokerages, from Douglas Elliman to Sotheby’s International Realty.
“I have gardened under the stars on hot days, and sat by the cozy fire while the snow piled up on the terrace,“ Streep told the WSJ in a statement. “This has been a great home for us, and I hope another family can now enjoy it as much as we have.”
Streep, along with husband Donald Gummer, closed on the penthouse for $10.13 million in 2006, per public records. That was two years after the New York Times casually reported on their purchase of the “4,000-square-foot penthouse with a wraparound terrace.”
Waterfront TriBeCa Penthouse
Occupying a full floor of the River Lofts in TriBeCa, this inviting penthouse is enveloped on three sides by a 10-foot-wide landscaped terrace, with floor-to-ceiling windows and glass doors offering panoramic views that encompass the mighty Hudson River, New York Harbor, the Statue of Liberty, One World Trade Center, and the iconic Chrysler and Empire State Buildings. Its stylish spaces include an open living and dining area; an Italian-designed kitchen with top-caliber appliances; a study or den; and four peaceful bedrooms. Brazilian walnut hardwood floors, triple-glazed windows, custom door screens, electronic sheers, Lutron lighting, and a central audio system can be found throughout. The home is a delight year-round, from summer days gardening on the terrace to winter evenings by the fire, watching the snow fall.
Beyond the skylit entrance gallery is a collection of versatile public rooms. Warmed by a wood-burning fireplace, the primary living and dining area enjoys sweeping views and terrace access on two sides. In an ideal configuration for sophisticated entertaining, the Poliform Varenna kitchen is discreetly, conveniently positioned. Anchored by a handsome butcher-block island with counter seating, it boasts a Sub-Zero refrigerator, two ovens and a six-burner cooktop from Miele, a Bosch dishwasher, and easy access to an outdoor kitchen with a built-in gas grill and an alfresco dining area. The relaxed media room has a built-in wall-mounted television and can be separated from the main living area by pocket doors. The quiet corner study features a built-in desk and contemporary shelving.
Serenely secluded in an enviable corner position, the master suite has windows and terrace access on two sides and views of sunsets over the Hudson. It includes two baths with Waterworks fixtures, a sitting area, and two walk-in closets. One master bath features a soaking tub with an iconic view, a shower, and a dressing room, while the other has marble countertops and a steamshower. Each of the three guest bedrooms enjoys views and its own generously sized closet; one benefits from an en suite bath and terrace access.
The work of National Design Award–winning Tsao & McKown architects, the full-service River Lofts condominium features a recently renovated fitness center, a 24-hour doorman, a bicycle room, a garden, and an easily accessible on-site garage. From the building’s elegant lobby, a keyed elevator leads directly to a private vestibule in the penthouse. It overlooks the popular Hudson River Park, and the shops, restaurants, and other attractions of TriBeCa—New York’s cultural capital—and SoHo are steps away.