A top broker in New York City known for his dealings in Downtown Manhattan has executed a deal of his own.
Clayton Orrigo, co-founder of Compass’ Hudson Advisory Team, paid $6.5 million, or $3,400 per square foot, for a three-bedroom condo at 160 Leroy Street, according to public records.
Unit 5A-N previously traded for $6.2 million in 2021. The home spans more than 2,000 square feet and has three bathrooms, 11-foot floor-to-ceiling windows and a windowed bathroom in the primary suite.
Orrigo’s team, which he launched with Stephen Ferrara in 2017, is headquartered in the building’s retail space.
“If I can’t control the workload, I can control the commute,” Orrigo said of his latest purchase. He added that he’s “bullish” on the Hudson River-side condo, pointing to a recent $25 million deal he did for a 14th-floor apartment.
Douglas Elliman’s Arlene Gutterson had the listing.
Elsewhere in the West Village, Orrigo appears to have recently traded a co-op at 256 West 10th Street. He bought the apartment in 2017 for $2.1 million and embarked on a gut renovation featured in Architectural Digest.
Two years earlier, he picked up a one-bedroom at 25 Fifth Avenue in Greenwich Village for $1.4 million, which he offloaded for $1.8 million in 2019.
Three floors above Orrigo’s new unit is a condo that just snagged a record rental deal for the building at $40,000 a month, or $234 per square foot. The lease for the apartment, which sold for $7 million just two months ago, was signed by an executive at Michael Rubin’s sports platform, Fanatics.
Hotelier Ian Schrager, Ares Management, Weinberg Properties and William Gotlieb Real Estate developed the 57-unit condominium, which launched sales in 2016. Since then, buyers at the building have included Rubin, who bought a penthouse for $44 million, and Jennifer Stengaard Gross, daughter of Pimco founder Bill Gross, who paid $28 million for a penthouse.
The building is located blocks from KITH Ivy, a controversial new private padel club at 120 Leroy. The club, backed by streetwear designer Ronnie Fieg, Midtown Equities and the owners of Cafe Mogador, just announced it would house the city’s first Erewhon, albeit a pared-down version of the Los Angeles grocery store.
Orrigo and Ferrara’s Hudson Advisory Team placed first among the city’s top resale agents with $366 million in sell-side deal volume, according to The Real Deal’s latest ranking. The cohort also landed among the top 10 new development agents with $119 million in sales.
Read more
Fanatics exec rents 160 Leroy unit for peak ppsf
A $60M deal at Witkoff’s 150 Charles sets a Downtown Manhattan record
Erewhon coming to controversial West Village padel club
