Soros Heir Unloads NYC Townhouse for a $2.3M Loss

Published: August 2, 2016 | By: American Luxury Staff

Gregory Soros, the 28-year-old son of billionaire financier George Soros, has finally unloaded his Nolita townhouse after putting it on the market in 2013. Soros paid $11.9 million for the 5,700-square-foot home at 5 Centre Market Place six years ago but sold for $9.7 million—a $2.29 million loss for the young artist.

Among the house’s many luxurious amenities are white oak floors, a contemporary stainless steel and oak staircase with perforated risers, custom built-ins, 12-foot ground-floor ceilings, a Boffi-branded kitchen with a back bay door and a two-tier roof deck topped by a domed basketball court. The master suite of the 25-foot-wide, four-bedroom, four-and-a-half bath home includes separate his and hers closets and a contemporary bathroom with a soap stone tub and separate steam shower. Full-floor bedrooms also make up the third and fourth story, each of which includes mahogany French doors and glass-fronted balconies.

Soros purchased the home from Bob and Cortney Novogratz, the husband-wife design team behind the HGTV show Home by Novogratz. The couple first bought the property in 2004, renovating it from a gun shop into its current state as a luxury home.

Soros’ father George, with an estimated worth of $24.9 billion, is among the 30 richest people in the world. Among his multiple claims to financial fame is the 1992 short sale of $10 billion in British Pounds, a move that netted the hedge fund guru a cool billion dollars after the Black Wednesday currency crisis.

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