Apartment in Manhattan’s Dakota Building Listed for $13.9 Million
A significant apartment in the iconic Dakota building in Manhattan is now on the market for $13.9 million. This marks a substantial drop of $25.1 million from its original listing price of $39 million back in 2016, as noted by Gimme Shelter.
The property is owned by Jane Rosenthal and Craig Hutkoff, co-founders of the Tribeca Film Festival alongside Robert De Niro, established shortly after the events of 9/11.
Mr. Rosenthal, a well-known producer who has worked on films like “Meet the Parents,” “The Irishman,” and “Wag the Dog,” and Mr. Hutkoff, a real estate investor, divorced in 2014 after 19 years of marriage. According to Ben Dixon, a listing broker from Douglas Elliman, the apartment, which took over 30 years and more than 20 deals to compile, boasts more frontage on Central Park than any other unit in the building.
The 6,000-square-foot apartment at 1 W. 72nd St. has hosted numerous entertainment and literary personalities throughout the years. The sale includes a separate 400-square-foot unit, which features three windows and a bathtub, located directly across the hall. Last year, that unit was listed for $15 million.
The Dakota holds a distinct place in New York history. It was the site where John Lennon was tragically murdered by an unstable individual in 1980. Yoko Ono resides just below this apartment.
Notable former residents include Lauren Bacall, Roberta Flack, Judy Garland, and Boris Karloff.
Real estate agents have suggested that the unit’s difficulties in selling could stem from the challenges faced by co-op owners when it comes to renovating interiors within the landmarked, historic building. Nevertheless, Dixon mentioned that the property comes with a floor plan designed by Elena Frampton of Frampton & Company, shaped in consultation with the building’s architect, John Wender.
“I asked Elena to develop the most creative plan for transforming this mansion,” Dixon explained.
He noted that the changes aim to convert the home into a five-bedroom residence with a private bath, although all modifications will still need approval from the co-op board. “There’s a lot more clarity now regarding what can be done with apartments. In the past, they were presented as final products. Now, there are alternative floor plans available. If potential buyers have a larger budget, they can create something with a more modern layout that suits today’s lifestyle,” Dixon remarked.
The new design establishes a great room that connects to the dining area and parlor, extending 80 feet with views overlooking the park.
“The great room aligns with the iconic triangular shape of the Dakota’s roofline,” said Dixon.
He also highlighted that the apartment maintains original features, including shutters from 1885 and authentic brass hinges, doorknobs, and woodwork.
Design highlights also include 11-foot ceilings, cove arches, and two wood-burning fireplaces.
“It’s possible to create a very modern and livable layout that still embodies historical charm and significance,” Dixon added.
