NYPD Gymnasium-Converted-Apartment Is Relisted for $18.5

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Once a training gymnasium in the former NYPD headquarters, a converted apartment was just relisted for $18.5 million, Luxury Listings reported.


Tucked between Broome and Grand streets in Nolita, the Beaux-Arts-style building, designed by Hoppin & Koen, was built between 1905 and 1909 and housed the NYPD headquarters until 1973. In 1988, the historic building was converted into luxury residences by Ehrenkranz Group & Eckstut.


The residence was previously owned by the late former chief operating officer, Alvin Einbender, of Bear Stearns who died in June 2016, according to The New York Times. He bought it for $2.2 million, then commissioned architect, Charles Gwathmey, for a $13.3 million, four-year renovation.

Einbender listed the apartment in 2008 for $30 million. With little interest, the price of the unit consistently dropped over the years and was eventually taken off the market in 2014, when it was actually listed for a $1.5 million more than its initial asking price.

The 6,600-square-foot, four-bedroom apartment, designed with limestone floors and Venetian plaster walls, spans the fifth and sixth floors of the building, the listing states.


A grand foyer on the main level, with an onyx powder room, leads to the great room, with many seating and dining areas, covered by 25-foot barrel-vaulted ceilings with three skylights, terra cotta tiling, and exposed steel tresses.


Through double doors, the chef’s grade kitchen is complemented by an over-80-bottle wine cellar within the adjacent laundry room. A private terrace connected to the kitchen offers al fresco dining.


Also on the first floor, the master bedroom encompasses the entire eastern wing and is accessible by two entrances.


Upstairs, above the master bedroom, the study overlooks the great room on the lower level. There are three more bedrooms and two bathrooms also on this level, which has a separate entrance.

The historic building features a marble lobby, 24-hour concierge and doorman, live-in resident manager, fitness center, and garden.

The listing at 240 Centre St., 5H is held by Raphael De Niro and Michael Kotler of Douglas Elliman.

Images courtesy of Douglas Elliman

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