Billionaire real estate developer and Miami Dolphins owner Stephen Ross has just edged closer to selling his 8,274-square-foot penthouse in Manhattan.
Most recently listed for $49.9 million, the five-bedroom aerie — which initially asked a much higher $75 million in 2019 — has entered contract, according to a StreetEasy listing update. It’s located up high at 25 Columbus Circle, or the glassy Central Park-facing complex formerly known as the Time Warner Center. Ross’s Related Companies was one of the firms behind its development, which wrapped nearly 20 years ago.
The Wall Street Journal first broke news of the deal, but added the property’s most recent representative, Adam Modlin of Modlin Group, declined to comment on the price of the contract and the identity of the buyer.
After listing for that tidy $75 million sum more than three years ago — before Ross and his wife, jewelry designer Kara Ross, split up — the home underwent a price chop to $59 million in 2021 when it was under a different brokerage, StreetEasy shows. Around this time last year, when Modlin got the listing, it asked its most recent $49.9 million.
Ross, a native of Michigan, listed this spread following a move to a 35 Hudson Yards penthouse in the far West Side Hudson Yards megadevelopment, which Related built.
This crosstown contract, the Journal notes, comes at a time when Ross is suspended from the National Football League. A league investigation found the Dolphins had “impermissible contact” with Tom Brady while he was still under contract with the Tampa Bay Buccaneers.
A representative for Related declined The Post’s request for comment. Modlin did not respond to a message seeking comment by press time.
The penthouse, according to its listing, looks out to 360-degree views. Custom-designed by Tony Ingrao and Randy Kemper, other touches include African bubinga wood flooring, a 22-foot-long dining room with marble floors, a breakfast banquette in the kitchen with Hudson River vistas and a library with upholstered walls.
What’s more, the 42-foot-long living room has two fireplaces and floor-to-ceiling windows looking out to Central Park.