SELLER: Vincent Gallo
LOCATION: New York City, NY
SIZE: 1,275 square feet, 1 bedroom, 1.5 bathrooms
YOUR MAMAS NOTES: Yesterday the property gossips at The New York Observer revealed that idiosyncratic and usually L.A.-based actor, wannabe male prostie and notorious serial property flipper Vincent Gallo scooped up a “Nouvel Pad” in New York City’s West Chelsea for exactly $2,000,000.
Thanks to a thoughtful informant we’ll call Newell Newyorker we’ve learned that the famously itchy footed actor—who has bought more houses and apartments than Your Mama has brain cells—has already caught a screaming case of the Celebrity Real Estate Fickle and yesterday flipped the one bedroom and 1.5 bathroom condo at the Jean Nouvel-designed (and High Line adjacent) 100 Eleventh Avenue High building back on the open market with a rather ballsy 15% markup price of $2,295,000.
Most online listings show the fifth-floor apartment measures about 1,275 square feet—one online listing shows it has 1,325 square feet—and carries taxes and common charges that total $1,980 per month.
A wee, wedge-shaped entrance hall with adjoining half bathroom and coat closet pops open into combination living/dining/kitchen area defined by a curving wall comprised entirely of a complexly composed grid of different sized and shaped windows. The sleek, custom-fitted kitchen has glass and stainless steel cabinetry and top-grade stainless steel appliances. The massive center work island cantilevers over stainless steel cabinets that can be rolled out from under the counter tops thus creating a convenient snack counter.
Gleaming white terrazzo floors and the curved wall of glass seamlessly stretch into the lone bedroom that seems a bit compact but is none-the-less nicely equipped with a walk-in closet and an attached bathroom with Corian counter tops, soaking tub and separate glass enclosed shower stall.
A giant glass panel in the living area pivots open to a glass enclosed loggia that, in turn, opens through a sliding glass door to a squeezy 60 square foot terrace that faces the building’s steel and glass atrium where, in a radical feat of engineering, the architect famously suspended an irrigated tree box.
This is hardly the first time Mister Gallo has bought and sold high priced properties at such a head-spinning rate and, indeed, the button pushing Brown Bunny has owned a slew of architecturally significant homes and apartment ins architecturally significant buildings on the right and the left coasts. In New York, in 2004, Mister Gallo sold a seventh floor apartment at the Richard Meier-designed 173 Perry Street for $2,465,000 that had only purchased exactly a year before, according to property records, for $2,150,000.
He briefly owned two John Lautner-designed architectural spectacles Los Angeles—the so-called Garcia and Wolff houses—and several apartments at the star-studded Sierra Towers building in West Hollywood, including the duplex that Cher recently made available as an off-market listing at a rumored price of $5.5 million. In the last days of 2009 Mister Gallo coughed up $2,340,000 for a 4,300 square foot penthouse loft at the Biscuit Building in downtown L.A. that he sold last April (2012) for $2,600,000 and he currently still owns a three story townhouse loft in the same building that he bought in July 2012 for $825,000 listed in early February (2013) for $1,295,000 and, as of today, is in escrow and about to be sold for an unknown amount.