Australia Back to Real Estate News Homepage to RSS for this country

AU Property News

AU The Pierre Hotel penthouse on the market

Property Here - Monday, April 22, 2013

Share to:

EVEN in New York, a city well acquainted with outrageous property prices, an eye-popping $120 million for a penthouse is hard to fathom.

That’s how much The Pierre Hotel penthouse on Fifth Avenue is on the market for, making it the priciest residential listing in the Big Apple.

If it sells for the asking price, it will break the record as New York's most expensive home, according to the Mail Online.

The grandious, three-level confection occupies the 41st, 42nd, and 43rd floors of the Upper East Side hotel and has five bedrooms, six bathrooms and five fireplaces beneath 7m ceilings.

 

New York

New York

Picture: Sotheby's. Source: No Source

The home gives 360-degree views over Manhattan, Central Park and the Hudson and East Rivers - and for even better views, the owners can step onto one of the four terraces.

This Rolex of real estate has cathedral windows and fireplaces designed in the 17th, 18th and 19th centuries - including one in the private gym.

New York

New York

Picture: Sotheby's. Source: No Source

Other features include a Swedish sauna, three powder rooms, a private elevator that services all three floors and three kitchenettes as well as a main kitchen.

The asking price does not include the opulent furnishings and fine art belonging to the estate of the investor, author and stock-market pundit Martin Zweig, who died in February at age 70.

New York

New York

Picture: Sotheby's. Source: No Source

It was once owned by J. Paul Getty, who bought it in 1938 and converted it to a co-op in 1959.

The building underwent a $100 million renovation in 2005, and is now a luxury hotel and residence managed by Taj Hotels Resorts and Palaces.

The monthly maintenance of $47,000 covers electricity and a two-person housekeeping staff.

New York

New York

Picture: Sotheby's.



Read more: http://www.news.com.au/realestate/selling/new-yorks-most-expensive-penthouse/story-fndbawks-1226625869996#ixzz2RFLTT4q1