Linda Evangelista's Chelsea Top Floor Trades at $6.75 Million

The top-floor Chelsea residence of Linda Evangelista, one of the defining faces of fashion's supermodel era, has found a buyer at $6.75 million. The closing price is nearly 30 percent below the figure the home first went to market at, and the seller agreed to that gap to finish the deal. Here the number itself is the story. A price reached after a reduction of that size is the market's honest judgment of a home, arrived at by a willing seller and a willing buyer. That makes it more useful to readers than any first ask. The address is a Manhattan penthouse set in a loft building. That kind of home sits at the top of what buyers look for in Chelsea: open floors and height, with the city laid out beyond the windows. Closing at a price the market would meet reflects a clear head about value, and a sale finished that way is a sale done well. For anyone tracking what the best top floors on the West Side trade for this year, Evangelista's sale now joins the public record.

With reporting from Curbed.