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‘Sopranos’ Creator David Chase Loses Big on Manhattan Penthouse

Seller:
David Chase
Location:
New York City
Price:
$7.5 million

Seven-time Emmy-winning TV writer-producer David Chase has sold a penthouse atop the historic London Terrace complex in New York City’s Chelsea neighborhood to Canadian tennis pro Milos Raonic for a bit above $7.5 million. The sale price is not only more than one-third less than the original price but an eye-catching 10% under its last ask of almost $8.4 million — and a positively heart-stopping $2.1 million below the $9.65 million “The Sopranos” creator paid for the sprawling, U-shaped spread in late 2012. One reason for the price chop: After a pie-in-the-sky initial asking price that pushed up on $12 million, the property had spent more than two years on the market.

Measuring in at around 2,700 square feet, the three-bedroom and 3.5-bathroom aerie is laid out so that every room opens up to one of three terraces that together add about 1,000 square feet of outdoor living space, with wrap-around city and Hudson River views. The interiors feature chevron-pattern wood floors and steel-trimmed casement windows. A fireplace-anchored living room is awash in natural light through three exposures, to the south, west and east, while the sleekly appointed combination kitchen and dining area has a bird’s-eye view of the sunset over New Jersey, and incorporates a walk-in pantry and windowed laundry room.

This is not the first time that Chase, co-writer and executive producer of the upcoming “Sopranos” prequel feature film “The Many Saints of Newark,” has lost money on the sale of a multimillion-dollar penthouse at the London Terrace complex. In August 2014, he plunked down $4.6 million for a second, smaller neighboring penthouse and, after first offering it in conjunction with the larger penthouse at a boldly optimistic combo price of $16.5 million, sold it separately in October 2017 for $4.25 million. A few quick clicks on the abacus reveal Chase took a combined hit of almost $2.5 million on the sale of both units, and that’s not counting the considerable fortune he spent on carrying costs, improvement expenses and real estate fees.

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Chase was represented in the most recent deal by Raphael De Niro — that would be Robert De Niro’s son — along with Maggie Leigh Marshall and Lauren De Niro Pipher, all at Douglas Elliman Real Estate.

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