Ben Stiller’s New York City Apartment Finds a Buyer
The roughly 3,400-square-foot condo in the West Village has views of the Hudson River and New York Harbor
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Actor Ben Stiller has found a buyer for his apartment at 150 Charles Street in Manhattan.
The West Village condo, asking $14.5 million, is listed as in contract on the website of listing agency Douglas Elliman. Mr. Stiller paid $15.3 million for the unit in 2016 through an entity called Riverside Trust, property records show. It was listed for sale earlier this month, according to listings website StreetEasy.
The contract price is unknown. A spokeswoman for the actor didn’t immediately respond to a request for comment.
The roughly 3,400-square-foot apartment has four bedrooms, according to the listing. It has a private elevator vestibule leading to a great room with views of the Hudson River. The large kitchen and breakfast room are outfitted with Alabama white marble and have appliances including a 78-bottle Subzero wine refrigerator. The primary bedroom has an adjoining private study with New York Harbour views, the listing says.
Celebrities have long been drawn to 150 Charles Street. The condominium, which has factory-style windows in a nod to the building’s industrial past, includes roughly 40,000 square feet of amenities, including a 75-foot swimming pool, a professional spa, a fitness centre with a yoga studio and a juice bar, according to the listing. Rocker Jon Bon Jovi sold his three-bedroom condo there in 2018 for about $15 million.
The Anderson-Ehrmann Team at Douglas Elliman had the listing. Team member Bruce Ehrmann declined to comment.
Mr. Stiller, 56, is best known for films such as “Tropic Thunder,” “Zoolander” and “Meet the Fockers.” He recently produced and directed a number of episodes for the television show “Severance.”
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New research suggests spending 40 percent of household income on loan repayments is the new normal
3 min
Requiring more than 30 percent of household income to service a home loan has long been considered the benchmark for ‘housing stress’. Yet research shows it is becoming the new normal. The 2024 ANZ CoreLogic Housing Affordability Report reveals home loans on only 17 percent of homes are ‘serviceable’ if serviceability is limited to 30 percent of the median national household income.
Based on 40 percent of household income, just 37 percent of properties would be serviceable on a mortgage covering 80 percent of the purchase price. ANZ CoreLogic suggest 40 may be the new 30 when it comes to home loan serviceability. “Looking ahead, there is little prospect for the mortgage serviceability indicator to move back into the 30 percent range any time soon,” says the report.
“This is because the cash rate is not expected to be cut until late 2024, and home values have continued to rise, even amid relatively high interest rate settings.” ANZ CoreLogic estimate that home loan rates would have to fall to about 4.7 percent to bring serviceability under 40 percent.
CoreLogic has broken down the actual household income required to service a home loan on a 6.27 percent interest rate for an 80 percent loan based on current median house and unit values in each capital city. As expected, affordability is worst in the most expensive property market, Sydney.
Sydney
Sydney’s median house price is $1,414,229 and the median unit price is $839,344.
Based on 40 percent serviceability, households need a total income of $211,456 to afford a home loan for a house and $125,499 for a unit. The city’s actual median household income is $120,554.
Melbourne
Melbourne’s median house price is $935,049 and the median apartment price is $612,906.
Based on 40 percent serviceability, households need a total income of $139,809 to afford a home loan for a house and $91,642 for a unit. The city’s actual median household income is $110,324.
Brisbane
Brisbane’s median house price is $909,988 and the median unit price is $587,793.
Based on 40 percent serviceability, households need a total income of $136,062 to afford a home loan for a house and $87,887 for a unit. The city’s actual median household income is $107,243.
Adelaide
Adelaide’s median house price is $785,971 and the median apartment price is $504,799.
Based on 40 percent serviceability, households need a total income of $117,519 to afford a home loan for a house and $75,478 for a unit. The city’s actual median household income is $89,806.
Perth
Perth’s median house price is $735,276 and the median unit price is $495,360.
Based on 40 percent serviceability, households need a total income of $109,939 to afford a home loan for a house and $74,066 for a unit. The city’s actual median household income is $108,057.
Hobart
Hobart’s median house price is $692,951 and the median apartment price is $522,258.
Based on 40 percent serviceability, households need a total income of $103,610 to afford a home loan for a house and $78,088 for a unit. The city’s actual median household income is $89,515.
Darwin
Darwin’s median house price is $573,498 and the median unit price is $367,716.
Based on 40 percent serviceability, households need a total income of $85,750 to afford a home loan for a house and $54,981 for a unit. The city’s actual median household income is $126,193.
Canberra
Canberra’s median house price is $964,136 and the median apartment price is $585,057.
Based on 40 percent serviceability, households need a total income of $144,158 to afford a home loan for a house and $87,478 for a unit. The city’s actual median household income is $137,760.
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