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

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

Even along 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 particular mode of transportation may not have been his smartest monetary choice.

Throughout New York Vogue Week, Colin Jost mirrored on that 2022 buy that price 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 Evening Dwell” 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 choice.

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

“The best way I justified it’s for the sum of money we have been placing into shopping for it, on only a primary square-footage degree, is in the event you discovered the correct 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 may be a superb worth per sq. foot.”

Pete Davidson and Colin Jost’s decommissioned ferry could be quietly docked in Staten Island for the time being, but it surely’s gearing up for a $34 million makeover. The bold renovation plans embrace a number of bars, eating places, and even a resort on board.

“I believe proper now, we’ve got six bars and two venues operated individually or mixed,” Ron Castellano, an architect and lesser recognized accomplice on Davidson and Jost’s ferry venture, advised Curbed earlier this 12 months. “Now we have out of doors occasion area, we’ve got eating places — two eating places. It’s a giant boat, virtually 300 ft lengthy, 65,000 sq. ft.”

The “Saturday Evening Dwell” alum additionally talked about that whereas the ferry may doubtlessly be used as a purposeful boat, it could want a crew to function, and he’s undecided if he’s up for that problem. Plus, though he would possibly take pleasure in taking the ferry out on the water himself, he truly can’t.

“I am certain our insurance coverage firm would find it irresistible,” he mentioned, joking. “Possibly they might find it irresistible as a result of it could 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 might be operational “inside weeks” in the event that they determined to place within the effort.

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

One in every of Jost and Davidson’s companions within the venture, architect Ron Castellano, shared with Curbed in March that their plan is to rework the ferry right into a venue that includes resort 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 significantly.

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

“She was identical to, ‘Wait, so that you personal this boat now?’ Particularly reasonable query,” Jost mentioned of his spouse’s response. “She now clearly sees the worth in it, but in addition I believe she’s like, ‘It is now turn out to be one thing that may be a defining factor for you guys and an fascinating factor for you guys. So it’s best to take it significantly and work out the most effective model of it, as a result of for higher or worse, it will mirror on you.’ We do not care as a result of we’re comedians.”

The ferry, often called 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.