Colin Jost Talks About His $280,000 ‘Dumbest’ Purchase

Colin Jost is reflecting on a 2022 buy he made with former “Saturday Night time Reside” co-star Pete Davidson, and now admits it was the “dumbest” purchase he’s ever made.

Even together with his historical past of high-profile purchases, together with having owned a handful of multimillion-dollar houses, Jost acknowledges that teaming up with Davidson to co-own a selected mode of transportation won’t have been his smartest monetary determination.

Throughout New York Style Week, Colin Jost mirrored on that 2022 buy that value him $280,000.

Colin Jost’s $280,000 Staten Island Ferry buy in 2022 has raised eyebrows – and he’s not precisely defending it. “The Saturday Night time Reside” star joined forces with comic Pete Davidson to snag a decommissioned Staten Island Ferry boat, however Jost admits to People Magazine that it wasn’t his brightest determination.

“It’s completely the dumbest and least thought-through buy I’ve ever made in my life,” the comic instructed the outlet on the Tommy Hilfiger present throughout New York Style Week, which, sarcastically, was held on board Jost and Davidson’s ferry.

“The way in which I justified it’s for the sum of money we have been placing into shopping for it, on only a fundamental square-footage degree, is in the event you discovered the fitting place for it to be, you have been basically shopping for a constructing on its aspect that is 65,000 sq. ft,” he added. “So round New York, that could be a superb value per sq. foot.”

Pete Davidson and Colin Jost’s decommissioned ferry may be quietly docked in Staten Island in the meanwhile, however it’s gearing up for a $34 million makeover. The bold renovation plans embody a number of bars, eating places, and even a lodge on board.

“I feel proper now, we now have six bars and two venues operated individually or mixed,” Ron Castellano, an architect and lesser recognized companion on Davidson and Jost’s ferry undertaking, instructed Curbed earlier this 12 months. “We now have out of doors occasion house, we now have eating places — two eating places. It’s a giant boat, nearly 300 ft lengthy, 65,000 sq. ft.”

The “Saturday Night time Reside” alum additionally talked about that whereas the ferry might doubtlessly be used as a useful boat, it might want a crew to function, and he’s undecided if he’s up for that problem. Plus, though he may get pleasure from taking the ferry out on the water himself, he really can’t.

“I am positive our insurance coverage firm would find it irresistible,” he stated, joking. “Possibly they might find it irresistible as a result of it might get them out of the contract. However it requires lots of people to maneuver it.”

Proper now, the ferry needs to be docked or towed because the engines aren’t working, however Jost talked about it may very well be operational “inside weeks” in the event that they determined to place within the effort.

As an alternative, the group thinks it’s extra sensible to make use of the ferry as a venue, much like how Tommy Hilfiger used it for a style present.

Considered one of Jost and Davidson’s companions within the undertaking, architect Ron Castellano, shared with Curbed in March that their plan is to remodel the ferry right into a venue that includes lodge rooms, eating places, and bars, with Miami being a possible location for it.

How has Scarlett Johansson reacted to Jost’s ferry funding over the previous two years? He shared that he “soft-floated” the thought to her earlier than making the acquisition, and she or he didn’t take him critically.

Nonetheless, after he went forward with the purchase, Jost stated she finally got here round and supported the choice.

“She was identical to, ‘Wait, so that you personal this boat now?’ Very reasonable query,” Jost stated of his spouse’s response. “She now clearly sees the worth in it, but in addition I feel she’s like, ‘It is now turn into one thing that could be a defining factor for you guys and an attention-grabbing factor for you guys. So you must take it critically and work out the most effective model of it, as a result of for higher or worse, it is going to replicate on you.’ We do not care as a result of we’re comedians.”

The ferry, generally known as the John F. Kennedy, served commuters between Manhattan and Staten Island from 1965 till its retirement in August 2021. By the point it was retired, it was the oldest vessel in its fleet.