Artists’ Soho Loft Co-op at 476 Broadway Sold For $2.68M

The enormous Soho loft owned by acclaimed artists Bruce Nauman and Susan Rothenberg just sold for $2,675,000, according to New York City public records.

The loft sold for far less than the original asking price of $2.9 million listed by Brown Harris Stevens brokers Felise Gross and Diane Abrams.

A drop of $225,000 from the original ‘ask’ is considerable. It makes you wonder whether or not the brokers priced this co-op appropriately when it was originally listed, and whether there could be other factors involving the particular unit or the co-op that surfaced during the deal, resulting in the price drop. As in most co-op deals, we will probably never know the answers to these questions.

Broker Sandy Mattingly pontificated last fall about the marketing of this loft, and contrasted it with another in the same cooperative. One
anonymous commentator on Mattingly’s blog posted a scathing critique of building’s the co-op’s board.

The buyers were Scott W. Weber and Amalia Weber.

At 2400 square feet, the loft is big, particularly since this space is something of a ‘railroad’ loft: it’s long and thin like a brownstone railroad apartment.

Bauman was profiled on PBS as one of America’s “most innovative and provocative of America’s contemporary artists.” His neon works are legendary and enchanting.

Rothenberg is recognized for her contemporary paintings and drawings. In addition to showing her work at museums in the United States and abroad, she has earned numerous awards, including a National Endowment for the Arts Fellowship Grant, a Cornell University Alumni Award, the Skowhegan Medal for Painting, and Sweden’s Rolf Schock Prize in 2003.

Bauman and Rothenberg are both represented by the Sperone Westwater gallery in New York.