New York’s $100 million penthouse

New York has a slew of expensive properties, but this Manhattan apartment might take the cake.

Overlooking Central Park the $100 million penthouse sits atop the City Spire building.

The apartment’s listing was first reported by The New York Times and was co-listed with Prudential Douglas Elliman’s Raphael De Niro and Victoria Logvinsky.

Occupying the 73rd, 74th and 75th floors of the luxury condominium high rise, the octagonal-shaped apartment touts 8,000 square feet of interior space including six bedrooms, nine bathrooms, a media room, 20-person dining room, a formal gallery, and a conference room. The master suite encompasses the entire top floor. In addition to the main elevator, a second private internal elevator moves solely between the apartment’s three levels. An “added luxury” of the property is an additional staff apartment located on the 72nd floor alongside a wine cellar capable of storing up to 1,000 bottles.

The penthouse has 135 windows and each floor is encircled by 360-degree wraparound terraces. Boasting  views of the entire island of Manhattan, the terraces are apparently the city’s highest, according to De Niro.

But what the palatial penthouse boasts in space, it lacks in several other key areas. The apartment does not have high ceilings, a structural feature popular among luxury real estate buyers. And according to the Times, One57, the nearby up-and-coming luxury condo tower, is beginning to impede upon some of the “still-spectacular” Central Park view.

The seller is Steven Klar, president of the Klar Organization, a Long Island real estate developer. He told the Times he is selling for family reasons — that his five-year old son “could potentially get out on the terraces.”

Klar purchased the apartment as raw space for roughly $4.5 million in 1993. He spent about the same amount renovating it, hiring celebrated interior designer Juan Pablo Molyneaux to outfit the space in a “classical style.”

At $100 million, the price tag breaks down to about $12,500 per square foot. At that lofty price, it asks only slightly less than the roughly $13,000 per square foot commanded by the $88 million 15 Central Park West penthouse that currently reigns as New York City’s most expensive home sale.

City Spire, located at 150 West 56th Street, sits four blocks south of Central Park between 6th and 7th Avenues. The 814-foot mixed-use tower was originally built in 1987 by Ian Bruce Eichner, before the developer relinquished ownership in the housing downturn of the early 1990s. Building amenities for condo owners include a fitness center with 50-foot pool, a 24-hour doorman and a garage.

(Sourced: Forbes)

  Comment on this Article

  Please login to post comments

Post to my facebook wall
Characters remaining

    Latest Property News
    • 22 Jun 2018
      The rental market in many Johannesburg suburbs has shown encouraging signs of revival this year but it remains a competitive market and landlords who best cater to their market’s needs will reap the healthiest returns.
    • 22 Jun 2018
      Home design is constantly evolving to reflect the changing needs of society. We look at some of the ways in which our use of space is changing.
    • 22 Jun 2018
      While estate agents can help the seller with correctly pricing the property and marketing a property to the right pool of potential buyers, at the end of the day it’s the impression that the property will make on buyers that counts the most.
    • 21 Jun 2018
      Anyone who’s ever been involved in a building project that’s gone wrong will appreciate the importance of adequate insurance cover in the construction industry.
    • 21 Jun 2018
      A recent news story about a blind tenant caught in a legal battle with his body corporate over letters and notices he was unable to read and consequently comply with has raised the question: what are the legal obligations for landlords with disabled tenants?
    • 21 Jun 2018
      A trend that’s taken the world by storm in recent years is that of hygge (pronounced: hue-guh), a Danish concept that is about creating intimacy, connecting with loved ones and taking pleasure in small, ordinary things.
    • 20 Jun 2018
      Buying or selling real estate isn’t as easy as it is portrayed sometimes, especially if there is a death of a party during the transaction which can make it awkward, tricky and inconvenient.
    • 20 Jun 2018
      With interest rates remaining at historic lows and banks continuing to compete for mortgage finance business, first-time buyers with funds at their disposal are currently well-placed to gain that initial foothold on the property ladder, particularly in the light of the slightly lower growth rates currently experienced in residential property values.
    Subscribe to the MyProperty Newsletter

    Last Name  
    Email Address  
    Email Frequency
    Share this Page

    For Sale Property
    Rental Property
    More Options
    Connect with us