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By: Serach Nissim
Former hedge fund executive, Robert Shafir, has purchased a penthouse at the Chelsea condo 1 High Line, newly developed in partnership by Steve Witkoff’s Witkoff and Len Blavatnikof of Access Industries.
As reported by Crain’s NY, the five-bedroom apartment on the 35th floor of the 36-story western tower sold for a cool $25 million, per a deed that appeared in the city register on Monday. Shafir’s wife, Donna, is also listed as a buyer.
Shafir had been named chief executive of famed hedge fund, formerly known as Och-Ziff Capital Management Group, in 2018, taking over for billionaire Dan Och. Shafir famously helped turn around the troubled hedge fund, and helped it achieve its eventual $720 million sale to real estate-focused investment firm Rithm Capital in 2023. The company is now named Sculptor Capital Management and in April 2021, Jimmy Levin, 37, succeeded Shafir as CEO of the publicly traded hedge fund firm, which is known as one of the world’s largest boasting roughly $35 billion in assets.
One High Line offers 241 luxury residential units across the two towers, and is slated to add a 120-room hotel from the luxury line Faena Group by the end of 2024. The shiny two-Tower condo complex, famed for their twisting shape, and overlooking the Hudson River at 500 West 18th St in Chelsea, was designed by Bjarke Ingels Group. Interiors were designed by Gilles & Boissier and Gabellini Sheppard. The towers boast floor-to ceiling windows with unobstructed city and water views.
Tower amenities include: a 75-Foot Lap Pool, Whirlpool, Cabanas, a Fitness Center with Private Training Rooms, Men’s and Women’s Steam Room, Sauna, Private Treatment Rooms, Billiards and Game Room, Golf Simulator & Virtual Gaming Studio, a Children’s Playroom, a Glass-Enclosed Double-Height Bridge Lounge and Valet Parking Garage. There are also in-residence dining options and housekeeping available, per the towers’ website. The High Line Club also offers owners exclusive privileges from Faena Hotel and access to curated partnerships.
The towers were formerly known as The XI, but developer HFZ Capital Group defaulted on loan in 2021, after the pandemic. The partnership by Witkoff and Access took over the development and rebranded the condo under the name One High Line.
Per Crain’s, the penthouse, purchased directly from the Witkoff Group, went into contact on June 1 and closed Aug. 28, per the deed. The purchased 5,700-square-foot home features five bedrooms, five and a half baths, a 1,300-square-foot great room and three exposures. Witkoff had listed the unit in June 2023 for $30 million, per StreetEasy, but the realized price is about 15% cheaper. Shafir and 1 High Line made no comment on the sale.
Last year, Shafir had sold a different five-bedroom apartment on the West side. It was a penthouse at 150 Charles St., —also an Witkoff development. Shafir sold the apartment for $52 million, having purchased it in 2016 for just $29 million, making an impressive almost 80% profit, as first reported by The NY Times.
As a side note, per Crain’s, Witkoff founder, Steve Witkoff, was golfing in Florida on Sunday at the Trump International Golf Club, together with former President Donald Trump, when there was another assassination attempt on Mr. Trump’s life.
