Richard Gere Flipping Palazzo Chupi Full-Floor

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Julian Schnabel's Palazzo Chupi, for all its resplendent beauty, is having trouble finding those who are willing to love it for all eternity. The best kept secret in the West Village's "Pompeii-red" Venetian tower is now out of the bag: Richard Gere has been quietly marketing his massive 4BR, 4BA spread in the Chupster for about a month now, through Sotheby's broker Debbie Korb. Finally, the listing is out in the open. Gere's purchase created a huge press stir for his friend Schnabel's pet project, which may have been the point all along. He never moved in, but his apartment was customized to his tastes, a little less show-offish than Chupi's other units. For example, Gere opted for a more traditional white kitchen instead of the funky green of Chupi's other units. It's clear that the actor is looking for quite the celebrity mark-up on his investment. According to StreetEasy, he bought the apartment in September for $12 million. The new asking price is $17,995,000. With the duplex and triplex still on the market, this means that—for all the buzz—Palazzo Chupi is not garnering much interest from those with the means to actually attain it. And for this, we are sad.
· Listing: Full Floor in Palazzo Chupi [Sotheby's]
· Curbed PriceUpper: Palazzo Chupi Evens Off [Curbed]
· Palazzo Chupi No Longer For-Sale-By-Owner [Curbed]

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