After roughly six years on the market, a penthouse at Manhattan’s iconic Woolworth Building has sold for $30 million, less than a third of its original $110 million asking price.
The buyer is Scott Lynn, a prominent New York art collector and the chief executive of the online art-investment platform Masterworks, a Masterworks spokesperson confirmed. Lynn declined an interview request.
The roughly 12,000-square-foot apartment, known as the Pinnacle, is contained within the building’s distinctive copper-clad peak. It has undergone multiple price cuts over the years and was most recently listed for $59 million, according to listings website StreetEasy.
Read the full story on The Wall Street Journal here.