Asia’s richest man pawns off luxury condo for $9M

This transaction, emblematic of refined real estate expertise, was skilfully navigated by seasoned professionals in the industry.

3 mins read

Renowned Indian magnate Mukesh Ambani, celebrated as Asia’s wealthiest individual and a prominent ally of India’s Prime Minister Narendra Modi, has recently embarked on a significant property venture in Manhattan’s upscale West Village.

Emerging reports unveil a remarkable achievement, where an entity affiliated with Ambani has gracefully orchestrated the sale of an opulent residence located at 400 W. 12th St., colloquially known as Superior Ink, for a sumptuous $9 million. This distinguished condominium, gracefully nestled on the fourth floor, unfurls across a lavish expanse spanning an impressive 2,406 square feet.

The residence has been meticulously curated, showcasing an artful transformation from three bedrooms to two, complemented by 3½ baths. However, one of its most enchanting features lies in the sweeping panoramic vistas of the majestic Hudson River. The interiors of the abode are adorned with opulent embellishments, highlighted by 10-foot-high ceilings exuding a sense of regality, herringbone-patterned hardwood floors emanating sophistication, and soundproof windows cocooning the space in serene tranquility.

A haven for culinary aficionados, the chef’s kitchen is impeccably equipped to facilitate gastronomic endeavours, catering to the discerning tastes of the connoisseur. As the formidable force behind Reliance Industries, Mukesh Ambani is acclaimed for his stewardship of the Jamnagar Refinery, an emblem of distinction as the world’s largest oil refinery. Of noteworthy significance, Reliance has astutely harnessed India’s non-aligned stance during Russia’s geopolitical tussle with Ukraine. Exploiting the opportunities generated by Western sanctions during this period, Reliance has adeptly sourced cost-effective crude oil from Russia, subsequently refining and dispatching it to global destinations spanning Southeast Asia, Europe, and the United States.

The Superior Ink edifice, an illustrious 17-story marvel, traces its origins back to 1919 as the revered Superior Ink Factory. A manifestation of timeless architectural prowess, the structure underwent a masterful transformation in 2009, orchestrated by the esteemed Robert A.M. Stern Architects, while interiors were brought to life under the visionary touch of Yabu Pushelberg.

Championing a commitment to sustainable living, the building harmoniously melds modern amenities catering to its privileged inhabitants. From a convivial residents’ lounge fostering a sense of community to a state-of-the-art gym adorned with a yoga and Pilates studio, the structure prioritises the well-being of its discerning residents. Families are greeted by a dedicated children’s playroom, while cycling enthusiasts relish the convenience of a designated bike room. The pinnacle of luxury is epitomised through the provision of a concierge service and valet parking, seamlessly elevating the building’s status as an esteemed haven.

This transaction, emblematic of refined real estate expertise, was skilfully navigated by seasoned professionals in the industry. Notably, the listing broker Gladys Laurie Cooper of Douglas Elliman masterfully curated the property’s presentation, while on the buyer’s side, Jenny Lenz of Dolly Lenz Real Estate adeptly represented the discerning purchaser, orchestrating a seamless and sophisticated transaction.