Linda Evangelista Closes Chapter in Chelsea, Sells Penthouse Loft for $6.75 Million

On a crisp September morning, the last moving trucks rolled away from the iconic Spears Building on West 22nd Street, signaling the end of Linda Evangelista’s tenure in one of Chelsea’s most storied penthouse lofts. The Canadian-born supermodel, once the face of Manhattan’s high-fashion heyday, finalized the sale of her sprawling residence for $6.75 million—a figure that reflects a steep 30 percent cut from her original listing price earlier this year.

Evangelista’s home, perched atop the former factory-turned-luxury-condo, has been a coveted address among New York’s creative elite. With its soaring ceilings, exposed brick, and dramatic city views, the penthouse has hosted fashion royalty and industry insiders for decades. Neighbors report that the property lingered on the market over the summer as Chelsea’s luxury sector navigated a glut of inventory and increasingly price-conscious buyers.

The sale comes as the Manhattan real estate market faces a sobering autumn. Brokers across Chelsea and the West Side say that even high-profile names are adapting to cooler demand. “The market is more realistic than it’s been in years,” says local agent Marco Silva of Halstead, who notes a growing trend of price cuts among luxury sellers. Evangelista’s decision to accept a reduced offer underscores the shifting dynamics, as buyers seize on opportunities in neighborhoods once defined by bidding wars.

For Evangelista, the move marks more than just a change of address. The penthouse’s sale closes a chapter of downtown glamour that defined a generation of New Yorkers. As Sunday strollers pass the red brick façade, the Spears Building stands as a reminder of both Chelsea’s industrial roots and its ever-evolving cast of residents. The identity of the new owner remains under wraps, but the allure of loft living in Manhattan endures—even as the market recalibrates for fall.