Overview
- RIL USA purchased the Tribeca property at 11 Hubert Street for $17.4 million, according to reporting by The Real Deal.
- The seller was Ubiquiti founder Robert Pera, who bought the site in 2018 for about $20 million.
- Pera obtained approvals for a 17,000-square-foot single-family mansion designed by Eric Cobb, with an earlier proposal from Maya Lin Studios also on file.
- The property was listed in 2021 for $25 million with the approved plans and remained vacant for years.
- This acquisition comes after Ambani sold a two-bedroom West Village condo for $9 million in August 2023.