Justin Timberlake and Jessica Biel have unloaded a swanky New York City penthouse in a very celeb-friendly complex in Tribeca. According to reporting first spotted by the Wall Street Journal, the couple has let go of his four-bedroom, 5,400-square-foot unit at the top of 443 Greenwich Street in an off-market sale to an unnamed buyer for $29 million.
That’s a pretty tidy profit compared to the $20.2 million that Timberlake and Biel spent on the place back in 2017. This sale highlights the hot real estate market in New York City, especially for high-profile properties in desirable locations.
Interestingly, the sale comes as Timberlake and Biel are also attempting to sell their Los Angeles mansion with an asking price of $35 million, so it’s clear they’re shedding some serious real estate holdings of late. This trend of selling properties indicates a possible shift in their lifestyle or investment strategy.
Exclusive Living in Tribeca
There isn’t much visual material available for the 443 Greenwich Street penthouse, which makes sense given that the complex is a well-known residential fixture for celebrities that values privacy and security above all else. Some of the other well-known individuals who have called 443 Greenwich Street home include Mike Myers, Ryan Reynolds and Blake Lively, Jennifer Lawrence, and Formula One driver Lewis Hamilton, all of whom were likely attracted to the building’s purportedly “paparazzi-proof” privacy measures.
The building stands out not just for its celebrity residents but also for its architectural beauty and luxurious amenities. Residents enjoy high-end features and a community that prioritizes discretion, making it a perfect choice for those in the public eye.
Features of the Timberlake/Biel Penthouse
Below is a tour of a similar unit in the building from 929Media. The unit in this video has 3 beds and 3 baths vs. the Timberlake/Biel unit, which has 4 bedrooms and 4 bathrooms, giving them an extra 2,000 square feet of living space. Also, the Timberlake/Biel unit is a penthouse that features an expansive 5,000 square foot outdoor terrace, perfect for entertaining or enjoying the skyline views.
The outdoor space is a significant highlight, allowing residents to experience the vibrant atmosphere of New York City while enjoying the comfort of their luxury home. Such features not only enhance the living experience but also add value to the property in the long run.
The Buyer’s Real Estate Activity
As for the buyer of Timberlake’s penthouse, we may not know their identity, but records do indicate that they’ve been on quite a real estate tear lately, whoever they are. They recently sold a Soho triplex for $49 million in November of last year, and they also recently purchased a 6,400-square-foot townhouse and three-bedroom apartment in the West Village for a reported $33 million.
This pattern of high-value transactions suggests that the buyer is an experienced investor in luxury real estate. The interest in such properties reflects the ongoing demand for exclusive living spaces in prime locations.
In summary, Timberlake and Biel's recent real estate moves showcase their savvy investment strategies while reflecting the luxury market's dynamics in New York City. As they transition to new opportunities, their former penthouse remains a testament to opulent living in one of the country's most sought-after neighborhoods.
