A millennial spent $1 million converting a Tribeca loft into a swanky bachelor pad — and just sold it for $6.9 million

• Alfonso Cobo, 32, bought a three-bedroom apartment in an old Tribeca warehouse for $4.6 million in 2022.
• The tech entrepreneur, who studied architecture, spent $1 million making it a bachelor pad.
• Cobo sold his loft to pursue a bicoastal lifestyle and more renovation projects worldwide.

In 2022, Alfonso Cobo was on the hunt for new digs in Manhattan when he decided to look at listings in Tribeca.

Cobo, originally from Spain’s Canary Islands, lived in a handful of New York City neighborhoods over the course of eight years.

“I’ve done this thing of moving a lot from Brooklyn to Manhattan,” Cobo, a 32-year-old serial tech entrepreneur and the founder of social media platform Hypelist, told Business Insider. “Tribeca was a neighborhood I had never tried.”

Eventually, he came across a listing for a three-bedroom apartment in The Fairchild, a seven-storey converted warehouse built in the 1880s.

“It was very, very dated. Everything was super white, dark floors, glossy white kitchen cabinets,” Cobo said. “It just wasn’t me at all. It didn’t have the level of warmth I wanted. It didn’t have any personality.”

But Cobo isn’t one to shy away from a project — so he took a leap and bought the 2,000-square-foot apartment for $4.6 million.