{"id":152879,"date":"2026-03-04T21:06:15","date_gmt":"2026-03-04T21:06:15","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/152879\/"},"modified":"2026-03-04T21:06:15","modified_gmt":"2026-03-04T21:06:15","slug":"a-co-founder-of-one-of-nycs-most-beloved-grocers-can-be-your-landlord-for-25k-month","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/152879\/","title":{"rendered":"A co-founder of one of NYC\u2019s most beloved grocers can be your landlord \u2014 for $25K\/month"},"content":{"rendered":"<p class=\"mb-4 text-lg md:leading-8 break-words\">Long before <a href=\"https:\/\/www.yahoo.com\/news\/articles\/affordability-crisis-yorkers-line-hours-110000216.html\" data-ylk=\"slk:Meadow Lane;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\" rel=\"nofollow noopener\" target=\"_blank\">Meadow Lane<\/a>, there was Dean &amp; DeLuca \u2014 a luxury boutique grocer that first launched in Soho on Prince Street in 1977.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">While its US stores are long gone following a bankruptcy in 2020, house hunters can get a taste of co-founder Giorgio DeLuca\u2019s lifestyle now that his Hudson Square penthouse duplex is back on the market \u2014 asking $25,000 a month.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">It\u2019s only the second time that the aerie, at 40 Renwick St., has been on the market for rent since the building converted to co-ops in 1994.<\/p>\n<p><img alt=\"Giorgio DeLuca. Getty Images\" loading=\"lazy\" width=\"681\" height=\"1024\" decoding=\"async\" data-nimg=\"1\" class=\"rounded-lg\" style=\"color:transparent\" src=\"https:\/\/www.newsbeep.com\/us-ny\/wp-content\/uploads\/2026\/03\/49e9db3b93d2790092807a39118031f8.jpeg\"\/><\/p>\n<p>Giorgio DeLuca. Getty Images<\/p>\n<p><img alt=\"A magical terrace lies hidden in the center of Hudson Square. The Cote Team\" loading=\"lazy\" width=\"960\" height=\"640\" decoding=\"async\" data-nimg=\"1\" class=\"rounded-lg\" style=\"color:transparent\" src=\"https:\/\/www.newsbeep.com\/us-ny\/wp-content\/uploads\/2026\/03\/285150c6370409e7b60870d19472da0d.jpeg\"\/><\/p>\n<p>A magical terrace lies hidden in the center of Hudson Square. The Cote Team<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">The lofty nest, which has been in multiple shelter magazines over the years, last listed in 2021, asking a higher <a href=\"https:\/\/nypost.com\/2021\/12\/01\/dean-deluca-co-founder-renting-out-27-5k-month-penthouse\/\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:$27,500 a month.;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">$27,500 a month.<\/a><\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">As for the grocery chain, the brand was sold in 2014 to Pace Development, a Thai real estate firm, for $140 million. But it expanded too fast, couldn\u2019t pay its venders and ultimately filed for Chapter 11, from which it emerged in 2021.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">The brand, however, still exists as a licensed name in countries like Japan and Thailand.<\/p>\n<p><img alt=\"The office \u2014 for those work-at-home kind of days. The Cote Team\" loading=\"lazy\" width=\"960\" height=\"640\" decoding=\"async\" data-nimg=\"1\" class=\"rounded-lg\" style=\"color:transparent\" src=\"https:\/\/www.newsbeep.com\/us-ny\/wp-content\/uploads\/2026\/03\/2db6e42c11dceb5678c013f14155417c.jpeg\"\/><\/p>\n<p>The office \u2014 for those work-at-home kind of days. The Cote Team<\/p>\n<p><img alt=\"The chic industrial feel is completed by the floating staircase in the background. The Cote Team\" loading=\"lazy\" width=\"960\" height=\"640\" decoding=\"async\" data-nimg=\"1\" class=\"rounded-lg\" style=\"color:transparent\" src=\"https:\/\/www.newsbeep.com\/us-ny\/wp-content\/uploads\/2026\/03\/6beb913939788c897a04f1638445148d.jpeg\"\/><\/p>\n<p>The chic industrial feel is completed by the floating staircase in the background. The Cote Team<\/p>\n<p><img alt=\"The open layout allows for a grand live\/work situation. The Cote Team\" loading=\"lazy\" width=\"960\" height=\"653\" decoding=\"async\" data-nimg=\"1\" class=\"rounded-lg\" style=\"color:transparent\" src=\"https:\/\/www.newsbeep.com\/us-ny\/wp-content\/uploads\/2026\/03\/5b7bc0f3c8fa43829a12b2b4fdf6e8b0.jpeg\"\/><\/p>\n<p>The open layout allows for a grand live\/work situation. The Cote Team<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">The 3,900-square-foot loft like space opens via keyed elevator access. It currently functions as a two-bedroom, 1.5-bath home. Its crown jewel is a 2,100-square-foot wrap terrace.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">The main floor is centered around a chef\u2019s kitchen and an open living\/dining area. There\u2019s also a 1,000-bottle wine cellar, 11-foot ceilings, a woodburning fireplace, poured concrete floors and floor-to-ceiling glass windows with stunning city views.<\/p>\n<p><img alt=\"The main bedroom opens to the terrace. The Cote Team\" loading=\"lazy\" width=\"960\" height=\"640\" decoding=\"async\" data-nimg=\"1\" class=\"rounded-lg\" style=\"color:transparent\" src=\"https:\/\/www.newsbeep.com\/us-ny\/wp-content\/uploads\/2026\/03\/721ffd49ee48dfbdaca2c63c9f4e0f34.jpeg\"\/><\/p>\n<p>The main bedroom opens to the terrace. The Cote Team<\/p>\n<p><img alt=\"The open chef\u2019s kitchen. The Cote Team\" loading=\"lazy\" width=\"960\" height=\"640\" decoding=\"async\" data-nimg=\"1\" class=\"rounded-lg\" style=\"color:transparent\" src=\"https:\/\/www.newsbeep.com\/us-ny\/wp-content\/uploads\/2026\/03\/49ee6aab8f361a2a4f5a1cfec960d4a3.jpeg\"\/><\/p>\n<p>The open chef\u2019s kitchen. The Cote Team<\/p>\n<p><img alt=\"The mere size of the terrace is a rare luxury in Manhattan. The Cote Team\" loading=\"lazy\" width=\"960\" height=\"639\" decoding=\"async\" data-nimg=\"1\" class=\"rounded-lg\" style=\"color:transparent\" src=\"https:\/\/www.newsbeep.com\/us-ny\/wp-content\/uploads\/2026\/03\/60fb7c67ce4216a88771015c1655f24a.jpeg\"\/><\/p>\n<p>The mere size of the terrace is a rare luxury in Manhattan. The Cote Team<\/p>\n<p><img alt=\"The outdoor space offers tons of room for warm-weather lounging. The Cote Team\" loading=\"lazy\" width=\"960\" height=\"641\" decoding=\"async\" data-nimg=\"1\" class=\"rounded-lg\" style=\"color:transparent\" src=\"https:\/\/www.newsbeep.com\/us-ny\/wp-content\/uploads\/2026\/03\/5d094270aeab725a6bb95052de03688b.jpeg\"\/><\/p>\n<p>The outdoor space offers tons of room for warm-weather lounging. The Cote Team<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">A chic floating concrete staircase leads to the second floor, where 18-foot vaulted cathedral ceilings add height and drama to the space.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">The main bedroom suite includes a spa-like bath and opens to the wrap terrace. Decked out in Brazilian ipe wood paneling, the landscaped outdoor hangout features various dining areas, a grill, a shower and an herb garden.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">The listing brokers are Cristina Cote and Victoria Terri-Cote, of Cote Luxury Real Estate.<\/p>\n","protected":false},"excerpt":{"rendered":"Long before Meadow Lane, there was Dean &amp; DeLuca \u2014 a luxury boutique grocer that first launched in&hellip;\n","protected":false},"author":2,"featured_media":152880,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[63656,45802,9,56,63,65,64],"class_list":{"0":"post-152879","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-york-city","8":"tag-giorgio-deluca","9":"tag-hudson-square","10":"tag-new-york","11":"tag-ny","12":"tag-nyc","13":"tag-nyc-headlines","14":"tag-nyc-news"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/152879","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=152879"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/152879\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/152880"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=152879"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=152879"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=152879"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}