Tribeca Film Festival Co-Founders Slash Dakota Co-Op Price to $19M.. A Stunning $20M Drop!

A stunning apartment at the Dakota has had its price slashed to $19 million. This marks a significant drop of $20 million from its original asking price of $39 million. The reduction comes after the property has been on and off the market for eight years. The sellers, Jane Rosenthal and Craig Hatkoff, co-founders of the Tribeca Film Festival, created this exquisite home by combining multiple apartments.

Key takeaways:

• The Dakota apartment is now listed at $19 million.
• Price reduced by $20 million from the original asking price.
• The apartment has been on the market for eight years.
• Rosenthal and Hatkoff are notable film industry figures.

Fast Answer: The Dakota, a historic luxury building, has seen its price drop significantly. The sellers, known for their contributions to film, have created a unique living space that is now more accessible to buyers. This price cut may attract new interest after years of stagnation.

Historic Dakota Apartment Now Priced at $19 Million After Major Reduction

The Dakota, known as America’s first luxury apartment building, is now available for $19 million. This price reduction is notable, considering the apartment was initially listed for $39 million. The sellers, Jane Rosenthal and Craig Hatkoff, invested over 30 years to create this unique home. The eighth-floor residence boasts 6,000 square feet, with additional flexible space totaling around 7,500 square feet. Features include high ceilings, hardwood floors, and multiple exposures to Central Park.

Success! The significant price reduction of this luxury apartment may lead to a successful sale after years of market challenges. This change reflects the evolving real estate landscape and the potential for buyers to seize a unique opportunity.

Inside the Dakota: A Unique Living Experience with Rich History

The Dakota is not just a residence; it’s a piece of history. Designed in 1884, it features Gothic and Renaissance Revival architecture. The building has been home to many notable figures, including John Lennon and Yoko Ono. The apartment itself is a masterpiece, offering breathtaking views and spacious living areas.

Features of the Dakota Apartment: What Makes It Stand Out?

This luxurious apartment has several standout features that make it unique:

• Over 7,500 square feet of total space.
• Four flexible rooms for various uses.
• 19 windows facing Central Park.
• Original architectural details like arched doorways.

In summary, the Dakota apartment represents a rare opportunity for buyers interested in a historic property with modern luxury. The price drop may attract renewed interest, making it a prime candidate for a successful sale.