realestate

Exclusive: Tribeca Co‑Founders Reduce Ticket Costs

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F
ormer Tribeca Film Festival co‑founders Jane Rosenthal and Craig Hatkoff, who were married for 19 years before divorcing in 2014, are again putting their Upper West Side Dakota apartment on the market. The 7,500‑square‑foot residence, which spans the entire eighth floor, was originally listed for $39 million in 2016. After a decade of price reductions and multiple unsold listings, the couple have relisted it at $15 million—$2,500 per square foot—making it one of the most substantial Central Park‑frontage homes in Manhattan.

    The unit boasts 5 bedrooms, 8 bathrooms, 19 park‑facing windows, and four distinct exposures. Its main living area covers 6,000 sq ft, while an additional 1,500 sq ft of flexible space lies across the hall. Architectural highlights include 11‑foot ceilings, coved archways, a formal dining room, and two wood‑burning fireplaces. The building’s historic character is underscored by its 1884 Gothic and Renaissance Revival design, and its storied past—most famously the site of John Lennon’s assassination—adds to its allure.

    Rosenthal, known for producing “Meet the Parents” and “Wag the Dog,” and Hatkoff, a real‑estate financier and chairman of Turtle Pond Productions, co‑founded the Tribeca Film Festival in the wake of 9/11 alongside Robert De Niro. Their Dakota home once hosted lavish gatherings, but the property has struggled to find a buyer amid a luxury market that increasingly favors newer developments.

    Despite its prime location and historic pedigree, the Dakota’s prestige has waned for some buyers. A source familiar with the couple noted that the apartment’s former cachet may have diminished, even though it remains a massive, well‑finished space. The listing’s latest price cut reflects a strategic move to attract serious offers in a competitive market.

    The building itself has long been a symbol of New York glamour, having housed luminaries such as Roberta Flack, Boris Karloff, and Lauren Bacall. Yet the Dakota’s appeal now competes with sleek, modern high‑rises that offer similar Central Park views but with contemporary amenities.

    The property’s history of ownership and renovation spans 30 years and 20 transactions, culminating in the current configuration that offers unmatched Central Park frontage—more than any other residence in the building. The 130‑foot frontage, combined with the building’s architectural details, creates a rare opportunity for buyers seeking a blend of historic charm and expansive living space.

    The latest price adjustment positions the home at a competitive rate for its scale and pedigree. With its generous square footage, historic features, and panoramic park views, the Dakota remains a standout listing in Manhattan’s Upper West Side, even as the luxury market evolves.

Tribeca co‑founders cut ticket prices in New York's Tribeca festival.