New York Observer
Rock ‘n’ roll manager extraordinaire Merck Mercuriadis has flipped his block-spanning loft at Fifth Avenue and 17th Street.
City records list the buyer as Ian Peck and the selling price as $4.366 million.
Mr. Mercuriadis and his wife Susan paid $4 million for the apartment only last year. But Union Square life didn’t suit the father of four-who manages Elton John, Guns N’ Roses and the pompadoured pop genius Morrissey.
What was wrong with the 6,000-square-foot place? He complained that his kids could slip out the building’s 18th Street backdoor before family dinnertime.
The solution: “We’ve moved to Los Angeles, where you can have a little more control of your children. Everything is driving distance.”
But there was a more romantic rationale for what Mr. Mercuriadis calls his disconnection from the apartment. He had pined to build a glassed soundproof music room for his 100,000 albums, but zoning laws got in the way.
“Music is always on in the house. And it’s always on at volume,” he explained. “Ultimately, the loft space wasn’t conducive to that.”
Why? “With four children, you’ve got four TV’s going on at any one time.”
As recompense, the full-floor loft has a chef’s kitchen with commercial appliances, north and west views, plus oversized windows facing south.
Along with his migration to California, Mr. Mercuriadis is reportedly leaving his job at the Sanctuary management group. But he promised that Guns N’ Roses’ legendarily long-awaited album will be out by Christmas.
His broker, Tom Wexler, didn’t return calls to his office, and Mr. Peck could not be reached.