Real Estate

StreetEasy’s Ex-CEO Built a Tribeca Penthouse. McDonald’s Wants It Demolished

  • StreetEasy co-founder’s penthouse has five stories and a pool
  • Fast food giant says home is built over HVAC equipment space
Outdoor decks on the roof of 147 Reade St. in New York.Photographer: Stephanie Keith/Bloomberg
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The Tribeca penthouse is the kind of luxury New York City home that would draw lingering looks on StreetEasy. It’s fitting, given that it’s owned by Michael A. Smith, the real estate site’s co-founder and former chief executive officer.

But now, Smith’s condo, which he expanded upward to add more stories, is being targeted for demolition by McDonald’s Corp.