Clear River Investments founder & CEO Aaron Chaus has purchased the iconic Police building penthouse at 240 Centre St in New York City.
The Real Deal first reported the $10 million sale.
The former NYPD headquarters, situated in New York City’s Little Italy district spans over 5,500 square feet and was once the former home to fashion designer Calvin Klein. The building housed the NYPD headquarters from its completion in 1909 until 1973. It was designated a New York City landmark in 1978 and was converted into a luxury co-op in 1988. The four-story unit boasts four bedrooms, five bathrooms, two garden patios and a hidden 40-foot room behind the domed tower clock.
The historic landmark has been on the market for over 5 years. Originally listed back in 2016 for an expressive sum of $39.9 million, the domed penthouse dropped in price to $35 million in 2016, then $28 million in 2017. In 2019, the listing dropped to $20 million and has finally sold for a cool $10 million- almost a quarter of its original asking price.
