Posted Mar 5, 2015, 11:29 PM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 51,920
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http://www.businessinsider.com/new-y...thouses-2015-3
The battle for New York City's most expensive penthouse is ON
JULIE ZEVELOFF
March 5, 2015
Quote:
Now that we have crossed the nine-figure threshold with the sale of a penthouse at One57 for $100.5 million, New York's luxury real estate developers are seeing how far they can push the price tags on their latest projects.
This week, two developers unveiled the floor plans for the top apartments in their new high-rises, and they are virtually guaranteed to set records.
Vornado Trust Realty is building a 69-story tower at 220 Central Park South, in the heart of Manhattan's "Billionaires' Row." While prices for the six penthouses have not yet been revealed, sources told The Real Deal that the most expensive one would "ask between $150 million and $175 million."
Meanwhile, Zeckendorf Development — the company behind behemoth 15 Central Park West — released the floorplans and price for the pinnacle apartment at 520 Park Avenue, the high-rise its building on Manhattan's east side. That penthouse, a triplex, will be listed at $130 million, The Real Deal reported.
And in February, the developers of another luxury tower at 550 Madison Avenue, the former Sony headquarters, announced that their penthouse would hit the market with a price tag of $150 million. That apartment, also a triplex, will encompass 21,500 square feet, according to The Real Deal.
Here's how the three new offerings (all still under construction) stack up:
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550 Madison Avenue: $150 million, 21,500 square feet. Eight bedrooms, eight bathrooms, 10 half-baths.
520 Park Avenue: $130 million, 13,6500 square feet. Eight bedrooms, nine bathrooms, two half-baths.
220 Central Park South: "$150 to $175 million."
(floorplans were revealed since this piece)
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Last edited by NYguy; Mar 6, 2015 at 2:35 AM.
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