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Hugh Jackman Lists Sprawling West Village Triplex For $54.7 Million

The actor and wife Deborra-Lee Furness purchased the Manhattan apartment for around $29 million in 2008

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Fri, Jun 10, 2022Grey Clock 2 min

The Music Man is making moves: Actor Hugh Jackman has listed his longtime West Village apartment for approx. $54.7 million. The Australian-born “X-Men” and “Les Miserables” actor, 53, and wife Deborra-Lee Furness, 66, purchased the five-bedroom triplex for $29.5 million in 2008, according to records.

“They’ve been there for over 14 years, and they love the apartment and the building, but felt at this point they needed something new,” said Corcoran’s Deborah Grubman, who is representing the listing along with David Adler and Paul Albano, also of Corcoran. “They’re committed New Yorkers, and they will not just be staying in New York City, but will be staying in the immediate area.” (Mr. Jackman is currently starring alongside Sutton Foster in a Broadway revival of “The Music Man.”)

Located in boutique condo building Meier South Tower, the 11,000-square-foot home occupies the eighth, ninth and 10th floors of the building, and is the only individual apartment to have also been designed by the building’s architect, Richard Meier, Ms. Grubman told Mansion Global.

The apartment is designed with wall-to-wall and floor-to-ceiling windows overlooking the Hudson River, with views maximized by an enormous double-height great room, per listing photos.

“The apartment obviously has huge square footage, but also a huge volume of space because you have the double height living room,” Ms. Grubman said. “When you walk into that entertainment floor, it’s just a wow, with floor-to-ceiling glass. Having the [unit] facing west means those views are of the Statue of Liberty, the boats, remarkable sunsets.

“It’s really kind of a postcard for New York,” Ms. Grubman added.

Four bedrooms with en-suite baths are located on the eighth floor along with a recreation room, a library/guest bedroom, and a terrace overlooking the Hudson River, according to the listing. The great room, which includes a fireplace and space for a large dining area, is located on the ninth floor, as is a home office area and a professional gourmet kitchen with marble counters, breakfast bar seating and wall-to-wall views.

The 10th floor is configured as a primary bedroom suite, which includes a studio or exercise area, as well as a bathroom with dual sinks and a soaking tub with views of the river. The home centers around a sleek white spiral staircase that connects each floor.

Amenities in the building include a fitness centre, full-time doorman and concierge, as well as Jean-George Vongerichten’s Perry Street Restaurant.

“It’s a boutique building, not too big, very congenial and quite intimate,” Ms. Grubman said. “It’s incredibly well-staffed and well run. [Mr. Jackman and Ms. Furness] have absolutely loved and enjoyed the apartment, and raised two children here.”

The listing came on the market on Monday, according to records. Mr. Jackman was not immediately available for comment.

Reprinted by permission of Mansion Global. Copyright 2021 Dow Jones & Company. Inc. All Rights Reserved Worldwide. Original date of publication: June 9, 2022

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Other living zones found on the ground level include a games room and sun-drenched terrace with its own Miele appointed kitchen.

Outside sees a 15-metre resort style pool to soak up the sun and watery views, while the poolside studio is fully self-contained and perfect for extra weekend guests.

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The listing is with LJ Hooker Palm Beach’s David Edwards 0415 440 044 with the POA. palmbeach.ljhooker.com.au

It comes as falling volumes and declining prices reflected a weakness likely to continue in the established homes market.

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The nation’s housing sales fell by $8 billion in the three months to March when compared to the previous quarter according to data provider CoreLogic’s quarterly Pain & Gain report.

It comes as falling volumes and declining prices reflected a weakness likely to continue in the established homes market.

The fall in nominal profits from $38 billion in December echoed the decline in loss-making sales to $261 million from $355 million. Declines in housing values only kicked in after the March quarter, with the extent of loss-making sales predicted to increase.

CoreLogic’s analysis of 106,000 establish home sales in the March quarter showed the proportion of profit-making sales fell to 92.7% from the December quarter’s 94% peak figure.

The March quarter saw the first time profitable housing sales fell in a year and a half — unit profitability declining faster than houses.

The pandemic was the last cause of such a decline, in the three months to August 2020.

The major markets of Sydney and Melbourne are the cities most at risk due to higher interest rates, and therefore made the biggest contribution to loss-making sales over the quarter — the rate of unprofitable sales in both cities rising to 4.8%.

 Hobart was the city with the highest proportion of profit-making sales for the 15th straight quarter. Just 1 per cent of the Tasmanian capital’s sales made a loss in the March quarter, down from 1.6 per cent in December. 

Further the report fleshes out the different pace of growth between houses and apartments that has made units more affordable into the March quarter. Between the onset of Covid-19 in March 20202 and this year’s March quarter, combined capital city house values rose 25.8% compared to units at 10.6%.

As part of the NSW government’s budget, changes have been made to the tax.

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NSW first home buyers will be given the choice to pay stamp duty or an annual land tax under a major reform by the Perrottet government in a test to move away from transfer duties.

In Dominic Perrottet’s first budget as the NSW premier, he has proposed an overhaul of property and housing taxes.

Under the new $730 million property tax plan — that sits at the core of the NSW Budget — first home buyers will have the option of paying the upfront cost of stamp duty, or an annual property tax payment of $400 plus 0.3% of the land value of the property. It will be available on homes valued at less than $1.5 million.

Ahead of the budget, Mr Perrottet said the initiative is aimed at aiding first-home buyers get into the market.

“We want to lower the barriers to owning a home for first home buyers seeking a place of their own,” Mr Perrottet said. “In the past two decades, the share of first home buyers under 35 years of age has declined from 67 per cent to 61 per cent.”

The scheme put forward by the Liberal state government is the second of its kind in the country, with the ACT halfway through a 20-year transition away from stamp duty. There, once a buyer accepts the land tax option it is permanently removed from the stamp duty system.

The NSW model will differ from the ACT scheme in that homes can revert to stamp duty once they are sold to a new owner.

Legislation for the new plan will be introduced into parliament in the second half of the yar, with eligible first home buyers to apply to opt into the program from January 16 in 2023. Any home buyers who purchase in between the laws being passed and the program coming into effect will be able to have their stamp duty payments refunded.