Gotham Real Estate

Big Deals

SoHo
50 Wooster Street
2-bed, 31/2-bath, 2,300-square-foot loft. Ask: $1.475 million. Sell: $1.4 million. Maintenance: $1,000. Five months on market.

Don't expect to see milk crates and cardboard storage boxes stacked in this college pad. These student sibling buyers hired architect Warren Freyer, who designed Miramax's TriBeCa offices, to add a little Real World flavor to this raw space. So far, they plan on installing glass walls, a 25-foot granite kitchen counter, and a stream of back lights. "They want to keep the space as open as possible," says Douglas Elliman's Patricia Vance, who brokered the sale. What's next? A hot tub, a pool table, and a video camera in every room?

East Hampton
7-bed house. Ask: $25 million. Sell: Approximately $19 million. Seven months on market.

When William Simon was Nixon's Treasury secretary, his signature appeared on millions of dollars of U.S. currency. Perhaps some of them were even included in the just under $19 million his estate got for his Hamptons spread. (That giant figure nevertheless represents a $6 million comedown from the asking price.) Sources say the buyer is Wall Street money manager Fred Shuman, a Hamptonite of two decades' standing. The property includes 4.3 acres, a 50-foot pool, two guest cottages, and a windmill. Both buyer and Sotheby's broker John Golden, who is said to have made the deal, declined to comment.

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