Discounted ‘work of art’ Soho spread now comes with NFT

by James · August 26, 2022

It’s Willy Wonka meets Andy Warhol in this Soho work of art that doubles as a home — and the magical loft has just been reduced to $4 million, down from its February asking price of $5.4 million.

The new deal includes an NFT of the home, Gimme Shelter can report exclusively. It will be a “gift” to the buyers, allowing future owners to “remember the unique space” as a work of art before making it their own, said Serhant broker Katie Thurber, who is listing the co-op at 112 Prince St. .

The sellers are the conceptual artist, director and photographer Michael Somoroff and his wife Irina, who raised their four children in the loft.

The colorful home is decorated with floor-to-ceiling Italian Marmoline sculptures made by on-site artisans. “It looks like you’re living inside a shell,” a broker who toured Gimme Shelter told me.

It’s also had an unusual price history since it hit the market for the first time in a quarter of a century last July, asking $5.99 million.

By June of this year, the price had dropped dramatically to $3.6 million as a minimum bid for an auction – and only recently returned to the market for its $4 million asking price.

One of three bedrooms in the loft on the full floor.

Interior of a bathroom inside the unit. — A bathroom inside the Prince Street residence.

Interior of a living room inside the Prince Street home. — The collaboration is 2,500 square meters.

At 2,500 square feet, the full-floor home — on the second floor of a six-story building — comes with three bedrooms and 2½ bathrooms.

It was designed by Somoroff with help from architect Stephen Wanta.

Original details include 13-foot beamed ceilings, six wood-framed windows, exposed brick and cast-iron columns. The entrance is with a key lift.

Interior of the loft's library on the first floor. — The loft’s unique library.

Interior of the home's decorated kitchen. — The unit’s kitchen isn’t too shabby, with its geometric islands, three sinks, two half-fridges, a dishwasher and a separate oven and stove.

Interior of dining room inside the unit. — Hemsen’s dining area.

The sculptures surround the dining room, acting as partitions to separate the kitchen and entertaining areas. The kitchen has various geometric islands, three sinks, two half-fridges, a dishwasher and a separate oven and stove. The master bedroom has a bed platform, a mosaic ceiling and an in-ground jacuzzi. There is also an office on a raised ‘stage’ and a bookcase accessible via a ladder.

Building facilities include shared roof terrace and basement storage.

The Somoroff family is selling, Thurber says, because it’s time to start a new chapter — and “massive creative projects” — in Spain.