‘Sopranos’ Creator David Chase Loses Big on Manhattan Penthouse

David Chase
New York City
$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.

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.

More Dirt

  • Tyra Banks House

    Tyra Banks Pays Over Asking For Pacific Palisades Fixer Upper

    Veteran Supermodel, reality television tycoon and increasingly prolific high-end property flipper Tyra Banks used her deep pockets to beat out multiple other buyers and plunk down not quite $3.1 million, more than $200,000 over the almost $2.85 million asking price, for a modest fixer upper in a prime neighborhood of Los Angeles’ low-key but high-cost [...]

  • Tristan Thompson House

    Tristan Thompson Splurges on $6.5 Million Encino Mansion

    Though he’s played for the Cleveland Cavaliers since the dewy dawn of his professional career, Tristan Thompson spends a substantial amount of offseason time in Los Angeles, far removed from the Buckeye state. And with an $82 million contract under his designer belt, he can certainly well afford a lavish vacation residence. The NBA baller, who famously [...]

  • Ellen DeGeneres House

    Ellen DeGeneres, Portia de Rossi List Oceanfront Contemporary

    Ellen DeGeneres and Portia de Rossi, two of Hollywood’s most prolific ultra high-end house flippers, have put their oceanfront estate in Carpinteria, Calif., up for sale at $24 million, a 29% increase above the $18.6 million the property mad couple paid for the one-plus acre spread not even two years ago. Long owned by prominent [...]

  • Steve Martin House

    Steve Martin Seeks Buyer in Beverly Hills

    Steve Martin has hung a not-quite $2.15 million price tag on the smaller of his two residences that are discreetly tucked into a little-known Beverly Hills, Calif., cul-de-sac in the ruggedly ritzy mountains between Coldwater and Laurel Canyons. Listed with Myra Nourmand of Nourmand & Associates, the semi-retired septuagenarian actor, writer and producer, also accomplished [...]

  • Jerry Perenchio Hous

    ‘Beverly Hillbillies’ Mansion Gets Super-Sized Price Cut

    After an epic $50 million price cut, the legendary Los Angeles estate of late billionaire Jerry Perenchio, in the tony heart of Bel Air and known as Chartwell, is now listed at $195 million. Astronomically high as it may be, the drastically reduced new asking price pushes up on half of the preposterously optimistic $350 [...]

  • David Sacks House

    Yammer Founder David Sacks Seeks $22.5 Million for Silicon Valley Estate

    A lavish compound on one of the best streets in Atherton — arguably the most desirable neighborhood in all of Silicon Valley — has popped up for sale with a hefty $22.5 million ask. Owned by angel investor David Sacks and his longtime wife Jacqueline Tortorice, the one-acre property features a traditional-style mansion and guesthouse [...]

  • Kate Spade Apartment

    Manhattan Home of Late Fashion Maven Kate Spade Comes to Market

    The New York City apartment where late fashion designer Kate Spade died just over a year ago has come to market at $6.35 million. Spade and husband, Andy Spade, also her business partner in the Kate Spade New York luxury fashion brand and its various spinoff labels, bought the eight-room Park Avenue spread 20 years [...]

More From Our Brands

Access exclusive content