New York City home renovation sparks record-breaking sale

Interior designer Purvi Padia and founder of REVELRY set out to remodel her five-bedroom, 5,840-square-foot duplex penthouse in the exclusive West Village in New York City to make it feel more welcoming. What followed was a two-year, $6 million transformation that led to a $60 million sale, which came in at nearly three times the neighborhood average price per square foot for luxury condos and represented a 106% increase on the $29 million the owner paid for the apartment in 2016.

The star attraction of the remodel that led to the record-breaking sale was the spiral staircase, conceived by Padia to be a flowing, undulating counterpoint to the building’s sharp industrial angles. The off-market transaction set a new record for the highest-priced apartment in downtown Manhattan, toppling the $59 million benchmark previously set by a Chelsea penthouse.

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Photo Credit: Adam Kane Macchia

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