select
|

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
  
2000
Characters remaining


    Latest Property News
    • 22 Feb 2018
      While every owner wants to sell their property at the best possible price, overpricing a home can be the kiss of death for a sale.
    • 21 Feb 2018
      Given the hand they were dealt, government has performed a delicate balancing act which it is hoped will serve to reignite confidence in investment in South Africa, regain our global credibility and satisfy the credit ratings agencies, says Dr Andrew Golding, chief executive of the Pam Golding Property group.
    • 21 Feb 2018
      The real estate mantra, ‘location, location, location’ remains a strong market influence regardless of the prevailing economy, with suburbs like Rondebosch enjoying the buffering benefit of being ideally situated.
    • 21 Feb 2018
      These days most buyers are using online property portals like Private Property when house hunting due to the convenience, up to date information and variety on offer. “The property portals have revolutionised the way buyers shop, but they do need to be cautious – viewing photos online is no replacement for viewing the property in person,” says Bruce Swain, CEO of Leapfrog Property Group.
    • 20 Feb 2018
      Owning a home is a milestone that most South Africans aspire to. Becoming a homeowner is a step towards growing personal wealth and owning an asset that appreciates in value over time, provided of course that the correct principles are applied during the buying stage of the process, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa.
    • 20 Feb 2018
      The suburb of Greenstone in Johannesburg east came to be over the last two decades. “In the beginning, it was literally just a hill with not so much as a shopping centre,” says Michael Levy, Property Consultant at Jawitz Properties Bedfordview. Today it has plenty shopping facilities and is fully built, boasting high-density, upmarket housing and residential estates, though still has a few pockets poised for commercial development.
    • 20 Feb 2018
      A major shift in the ageing paradigm has precipitated an equally dramatic transformation in the retirement sector, with modern accommodation options worlds away from the conventional model.
    • 19 Feb 2018
      Possibly one of the biggest sources of contention between landlords and tenants surrounds the rental deposit. “Most tenants rely on getting their rental deposits back when moving, so that they can use it to pay a deposit on their new home. Having it withheld or even having large amounts deducted can lead to a lot of distress,” explains Bruce Swain, CEO of Leapfrog Property Group.
        
    X
    Subscribe to the MyProperty Newsletter

    Name  
    Last Name  
    Email Address  
    Email Frequency
    select
    X
    Share this Page

       
    For Sale Property
    Rental Property
    More Options
    About
    Connect with us
    FEEDBACK