After years of trying to sell their sprawling custom spread at The Dakota, Jane Rosenthal and Craig Hatkoff have taken a dramatic red pencil to the price tag, slashing $25.1 million and bringing the ask down to $13.9 million. The move caps a long‑running sales saga for a home the pair spent decades stitching together from multiple apartments.
Price Cut and Current Listing
As shown on Compass, Unit 84 at The Dakota is currently listed at $13.9 million and is described as roughly 6,000 square feet with five bedrooms and eight bathrooms. The $25.1 million markdown from the apartment's original ask was reported by the New York Post.
A Decades‑Long Patchwork
The apartment first hit the market in 2016 with a $39 million ask, according to The Real Deal. It has been relisted and repriced several times since, a sign of the city’s choppy luxury market. StreetEasy notes the full residence was assembled through nearly two dozen transactions over decades, a kind of slow‑motion real estate jigsaw puzzle.
Old‑World Details Meet a New Floor Plan
Inside, the co-op mixes prewar character with a reworked layout. Mansion Global highlights 11‑foot ceilings and two wood‑burning fireplaces and reports the residence stretches roughly 160 feet along Central Park. The current marketing also leans on a newly arranged five‑bedroom plan and ancillary spaces that can flex as a gym, studio or private office.
Why It’s Lingered
Brokers say selling large, heavily customized homes in landmarked co‑ops is not for the faint of heart. Strict renovation rules and board approvals can cool buyer interest, and that friction has dogged several high‑end Dakota listings, according to reporting by the New York Post. The Post also notes the sale listing includes a separate one‑room, roughly 400‑square‑foot unit across the hall, with three windows and a bath, that was marketed last year with an asking price near $15 million, a sign that sellers have experimented with different ways to package the space.
Sellers, Agent and The Bigger Picture
The sellers are Jane Rosenthal and Craig Hatkoff, longtime Dakota residents and co‑founders of the Tribeca Film Festival, which Tribeca's own materials say Rosenthal helped launch with Robert De Niro. The Douglas Elliman listing shows Ben Dixon as the broker of record, and the long sales arc here tracks a broader pattern of price cuts across the city’s high‑end co‑op market.
