An Australian crypto company founder snagged a buyer for his West Village penthouse.
Kain Warwick, the creator of the Ethereum-based platform Synthetix, signed a contract to sell his quadplex atop Shibumi Development’s 601 Washington Street, The Real Deal has learned.
The condo last asked $29 million, down from the $36.5 million price tag when it hit the market in December.
Warwick paid roughly $31 million for the “glass box” apartment in 2021 and planned to use it as a pied-a-terre, though he ultimately didn’t spend much time there, one of the listing agents, Serhant’s Scott Francis, told Mansion Global last year.
Unit PHE spans 7,500 square feet and has six bedrooms and six bathrooms. It also features 1,700 square feet of outdoor space spread across two terraces, where Warwick added a hot tub and plunge pool. The property also features an outdoor kitchen and private elevator.
Francis shared the listing with Ryan Serhant of his eponymous firm. Both declined to comment on the pending deal and the identity of the buyer.
The 10-unit building, which launched sales in 2019, has a 24-hour doorman and a fitness center. The site was once a warehouse for the famed butcher Pat LaFrieda.
Shibumi’s Charles Dunne and his partner, Zac Waksal, bought the property for $31 million in 2013. The building landed among the most expensive project filings in 2019, though the projected sellout was only around $154 million.
Warwick founded Synthetix, a derivatives exchange previously known as Havven, in 2016. He’s also the founder of a cryptocurrency app called Infinex and a partner in Bodhi Ventures, a cryptocurrency startup investor, according to his profile on X.
Earlier this year, another cryptocurrency co-founder made real estate moves in Manhattan. Michael Gronager, the former CEO of Chainalysis, bought a duplex at 67 Franklin Street for $11 million. The Tribeca penthouse was featured in Netflix’s “Owning Manhattan,” a reality TV show following Serhant and agents at his firm.
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