Saturday, May 14, 2022

How Much Do Penthouses Cost In New York

West End Avenue New York 10024

Inside $747,000,000 NYC’s Penthouses For Sale

$42 million

Sotheby’s describes this lavish 6-bed penthouse as “unlike any other apartment in New York City.”

Combining 3,145 square ft of breathtaking outdoor space and more than 8,429 square ft on two full floors of interiors, owners can expect to live in a space flooded by natural light from every direction.

Charles Street West Village New York

$53 million

This “extraordinary” six-bed triplex situated high above 165 Charles Street is being offered for sale for the first time since its completion in 2005.

The Brown Harris Steven listing states: “This home was painstakingly created from scratch by combining four apartments in this award-winning building.”

Triplex Penthouse On Billionaires Row $66604525

Floor: 71-73

A triplex penthouse with a full floor of covered outdoor loggia is situated in the new, 91-story skyscraper on Billionaires Row. Among other unique, five-star features, this penthouse boasts an extraordinary and expansive outdoor area that offers 360-degree views of Central Park to the north and Midtown and Lower Manhattan to the south.

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Modern Penthouse At 56 Leonard Street $37000000

Floor: 58

Location: Tribeca

Penthouse 58 is a stunning glass-wrapped home with soaring 4.5 m ceilings, two terraces, and unobstructed views over the Brooklyn, Manhattan, and Williamsburg Bridges. The 56 Leonard Street condominium is an architectural masterpiece, designed by Herzog & de Meuron, that has changed the skyline of Manhattan. It is a full-service building with 1,600 sq. m of unparalleled amenities, including a lap pool with sundeck, state-of-the-art gym, and a private dining room.

Are Penthouses Always On The Top Floor

Heres how much the Millennium Tower penthouse cost ...

A penthouse is traditionally known as the top-floor unit of a luxury residential building. Now, penthouse is usually more of a marketing term that refers to a unit with a different layout from others in the building, ample outdoor space, and great views but its not necessarily on the top floor.

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Why Wouldnt You Want To Buy One

There are more cons than you might think when it comes to living in a penthouse unit. Youll be more vulnerable to leaks in a top-floor apartment since its just under the roof. More maintenance will be necessary, Milton says.

Theres also the fact that if there are any building systems located on the roof of the building, this could mean having to give workers access to your suddenly not-so-private private outdoor space.

Adler adds that the elevator ride to and from a penthouse apartment takes the longestwhich could be annoying when youre rushing to work in the morning.

And what happens if the elevator is out? Will you be able to walk up all those stairs? There are also safety issues involved. Should there be a medical emergency or a fire, itll take police/firefighters/EMTs longer to get to you on the top floor.

Finally, that penthouse doesnt always come with an elevator attached. In some smaller walk-up condos, the penthouse can mean a lot of stairs to get to your apartment.

Sutton Place South New York 10022

$45 million

Perched at the pinnacle of Manhattan’s iconic 1 Sutton Place South, this unparalleled penthouse is a contemporary tour de force personifying New York at its most superlative.

The interior’s modern style houses five spacious bedrooms, while expansive windows throughout allow views of the sun rising over the East River and stunning sunsets over Manhattan.

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Penthouse In A Prestigious Boutique Condominium $30059409

Floor: 33

Location: Lenox Hill Upper East Side

This full-floor, brand-new home offers breathtaking views of Central Park, the iconic Manhattan skyline, and all other scenic points available north, south, east, and west. The residence boasts 3.35 m ceilings complemented by panoramic floor to ceiling windows and dramatic vistas.

How Much Is A Penthouse

New York’s Cheapest Penthouse Costs $2,300 (How?)

Because penthouses are the best unit in the building with the most space, nicest features and best views, the price tag matches. According to data, penthouses can cost 5 to 15 percent more per square foot compared to other units in the same building.

Penthouse prices depend on location, as well. For example, penthouse apartments in New York will be more expensive than penthouse apartments in smaller, less populated cities.

To give you a taste of the prices though, penthouse apartments in New York can cost anywhere from $75,000 to $125,000 or more per month!

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Why You Might Think Twice About Buying A Penthouse

Exposure to the elements. Its safe to say you’re more susceptible to the elements when living right beneath the roof.

According to Jeff Schneider, president of insurance brokerage Gotham Brokerage , storm damage to the roof or ice damming are more likely in a penthouse than in other units.

You will also be liable for any overflow of sinks, tubs, and washing machines, Schneider says. As there are more floors below you to damage you might want to have higher limits on your policy.”

The proprietary lease delineates what the building vs. penthouse owner is responsible for, Schneider explains, but generally the building takes care of the exterior structure, including the roof and common areas, as well as the concrete box of the apartment.

The problem is some claims do not fall under insurance, like faulty construction or improper sealing of a roof, he adds. You can try to recover from the contractor, but that is not always easy.

Outdoor space . Landscaping requires a lot of planning, planting, and upkeep, plain and simple, although you can always hire someone to take care of thatand the watering systemsfor you.

Then there are the inevitable yet unpredictable winter conditions. Ordinary maintenance is the responsibility of the person who lives in the penthouse, explains attorney Steve Wagner of Wagner, Berkow & Brandt . You can’t just shovel two feet of snow off the roof. And what happens when it melts and some of the snow is now ice and blocks the path to the roof?

Leonard Street New York 10013

$34.5 million

This five-bedroom property is described by Sotheby’s as a “rare opportunity to own a spectacular, one-of-a-kind, full-floor Penthouse in the heart of Tribeca.”

Penthouse 58 is 5,489 square foot of glass-wrapped home, complete with generous 14ft ceilings, two terraces and unobstructed, panoramic views from river to river.

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Cheapest Place To Live Along The Pacific Ocean

You really know you’ve made it if you can afford to purchase a penthouse. Usually reserved for celebrities, business tycoons and the super rich, taking the elevator up to the very top floor is a mark of financial success. The privacy of having the entire floor to yourself, a slew of luxury amenities and, of course, jaw-dropping views of the city comes along with a pretty hefty price tag. Did you ever wonder, exactly how much does a penthouse cost?

TL DR

The price of a penthouse depends on location and your personal preference, but prices can range from approximately $650,000 to about $300 million.

Fifth Avenue 2abc 10028

7 Most Expensive Penthouses in the U.S.

$37 million

The stately pre-war building at the corner of Fifth Avenue and 83rd Street is widely considered one of New York’s most prestigious.

The current owners of this distinctive 8,000-square-foot simplex one of whom is an esteemed architecthave created a stunning and spacious modern home that the listing states has “honored the building’s history, style, and essence.”

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Penthouse With A Pool And Hot Tub $38092751

Floor: 19

Location: Gramercy Park

Occupying the top floor of a Georgian Revival condominium built in 1927 and respectfully reimagined, this property masterfully combines contemporary design with classic style interior details. The great room opens onto a terrace with a heated infinity pool, and one of the master suites terraces has a hot tub. With its two additional large terraces and 63 windows, the property offers one of the citys best opportunities to enjoy cinematic views over the spellbinding Manhattan cityscape.

Penthouse The South Tower At The Time Warner Center For Sale For The First Time $75000000

Floor: 55

Location: Central Park South

25 Columbus Circle is an elegant, white-glove condominium located in the prestigious Time Warner Center with a grand and beautiful entrance on 58th Street. Residents enjoy 24-hour doorman and concierge services, valet parking, a landscaped terrace with river views, a swimming pool with city views, a pet terrace, and, last but not least, Mandarin Orientals five-star Zen spa services. The penthouse itself is a rare combination of grand space, incredible light, dramatic views, and excellence in design and execution, featuring an unmatched level of custom finishes.

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Fifth Avenue Upper East Side New York

$52 million

This townhouse located directly on Fifth Avenue is described in its listing as an opportunity to acquire “the Holy Grail” of properties because “such a limited number remain.”

An added incentive for those potentially interested in purchasing this elegant property is its unusual east/west orientation that dramatically increases the available interior light.

The 26 Most Expensive Apartments In New York City

Why Is This NYC Penthouse Worth $6,000 Per Month?

New York City, with its heady mix of commerce and culture, is known the world over as the apex of elite urban living.

But the cost of living in this most glamorous of cities does not come cheap.

In 2021, the city surpassed San Francisco as the most expensive rental market in the U.S., with a one-bedroom apartment costing $2,810 on average.

The richest one percent pf residents live in some of the most opulent penthouses imaginable, with many curated by the world’s best architects.

Cathy Taub of Sotheby’s International Realty suggests New York’s property market shows no signs of slowing.

She told Newsweek: “High and ultra-high net worth buyers have seen their portfolios mushroom over the past several years and are now excited to buy New York City luxury real estate at what they perceive as extremely opportunistic prices.”

Read on to discover the most expensive apartments in New York City.

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Penthouse At 432 Park

$169 million

Tlistingat realtor Serhant states: “The true Penthouse of 432 Park Avenue floor 96 of 96 at the world’s most celebrated ultra-luxury tower.”

Among the many highlights of the most expensive listing in Manhattan, include a 93ft-long living room, 360-degree views of New York City and “exclusive lifestyle amenities.”

These range from a private restaurant and lounge, a 75ft indoor pool, a state-of-the-art fitness center, a yoga studio, sauna, steam, and massage rooms.

Update: 09/19/21, 3:19 a.m. ET: This article was updated to include the Penthouse at 432 Park.

How To Find A Penthouse For Rent

If you’ve decided that renting a penthouse apartment is right for you, then you can start your search immediately. Determine which city you want to live in, how much you can afford in monthly rent and what features the penthouse needs to include and you’re well on your way to renting a luxurious penthouse with amazing views.

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East 63rd Street 10065

$29.995 million

This “extraordinary” 25ft-wide townhouse is spread over five stories and 10,000 square feet, with nine bedrooms and three terraces.

The Sotheby’s listing states: “Superbly located, this prime townhouse, which has an architecturally significant brick façade with limestone trim and a beautiful three-story rounded bay, is sited on a lovely tree-lined street between Fifth Avenue and Madison Avenue.”

High Life: First Look Inside The $60000 Per Month Penthouse At New York By Gehry

How much for a Bed

It’s the bathroom at the top of the world.

From the tub in the penthouse of the New York by Gehry skyscraper on Beekman St., you can see to the Catskill Mountains.

As you wash your face at the sink, you can look in the mirror and see the rising One World Trade.

And as you lather up in the shower, take a gander at the Woolworth Building.

The views at the Frank Gehry-designed instant landmark can feed your soul. The rents, however, can drain your Swiss bank account.

It’ll cost $45,000 to $60,000 a month to live in the penthouses in the tower, which offers the ultimate bragging right: there is no higher apartment in the Western hemisphere.

“You’re higher than the helicopters up here,” said Cliff Finn, president of New Development Marketing at Citi Habitats, charged with renting the three 850-foot-high units. “These are the best apartments in the top rental building in the world by the top architect in the world.”

The views are stunning. From the living room, you can see the Atlantic Ocean and the Tappan Zee Bridge.

The apartments are not only high, but high-end, with Duravit tubs in the bathrooms, Toto Eco Nexus toilets, six-burner Miele stoves, and Sub-Zero icemakers.

And renters have access to the building’s amenities, including an indoor pool, baby grand piano, and personal Pilates rooms.

But you pay for what you get.

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Penthouse Atop The Legendary Nyc Hotel $60000000

Floor: 44

Location: Upper East Side

This spectacular, 14-room duplex apartment is situated atop the historic Pierre Hotel on Fifth Avenue. Featuring meticulous renovation and boasting extraordinary 360 degree views of Central Park and the Manhattan skyline, this elegant trophy residence is absolute perfection. The Pierre Hotel was founded in 1930 and is a truly legendary location that can be spotted in 17 movies including Meet Joe Black , The Sopranos, Mad Men, and Oceans 8.

Manhattan Triplex Penthouse Apartments For Sale

  • Condo in Upper West Side at 212 West 95th Street #PHA for $6,250,000

    Featured

    2,327square feetft²

    Listing by Reuveni Real Estate LLC

  • Condo in West Chelsea at 459 West 18th Street #PH2 for $10,950,000

    Featured

    3,447square feetft²

    Listing by Compass

  • Co-op in Chelsea at 334 West 19th Street #PHB for $3,250,000

    Contains 3D Tour

    Listing by Corcoran

  • Condop in East Village at 50 Avenue A #PH6B for $1,900,000

    Condop in East Village

    Listing by Compass

  • Condo in Lower East Side at 208 Delancey Street #4F for $845,000

    Open House, Wed 3-6

    460square feetft²

    Listing by Compass

  • Co-op in Murray Hill at 5 Tudor City Place #PH5 for $1,850,000

    Co-op in Murray Hill

    Listing by Compass

  • Condo in West Chelsea at 459 West 18th Street #PH2 for $10,950,000

    Condo in West Chelsea

    3,447square feetft²

    Listing by Compass

  • Co-op in Turtle Bay at 351 East 50th Street #PH for $2,500,000

    Open House, Wed 2:30-3:30

    3,381square feetft²

    Listing by Corcoran

  • Condo in Soho at 131 Mercer Street #PHA for $12,500,000

    Condo in Soho

    4,358square feetft²

    Listing by Nest Seekers International

  • Condo in Hudson Square at 300 Spring Street #PH for $7,499,000

    Contains Video

    4,138square feetft²

    Listing by SERHANT.

  • Condo in Soho at 72 Mercer Street #PHE for $11,450,000

    Contains 3D Tour

    4,075square feetft²

    Listing by Douglas Elliman

  • Co-op in Central Park South at 150 Central Park South #PH for $22,500,000

    Co-op in Central Park South

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East 110th St #ph8c East Harlem

This 725-square-foot one-bedroom, one-bath penthouse apartment has unobstructed city views, floor-to-ceiling windows, an open kitchen with quartz countertops and stainless steel appliances, in-unit laundry, and lots of closets. Its listed for $735,000, and is in the Conrad Condominium, which has a gym, a landscaped garden with a basketball court, a hot tub, a spa area, and a barbecue deck. Common charges are $525 a month. Taxes are $297 a month.

Broome St #phb Lower East Side

INSIDE A $35,000,000 NEW YORK CITY PENTHOUSE

Listed for $7,350,000, this 2,478-square-foot, three-bedroom, three-and-a-half-bath apartment has 10-foot ceilings, wide-plank white oak floors, an open-concept living room and kitchen, a custom gas fireplace, a corner dining area, stainless steel appliances , a washer and dryer, and a private, 1,282-square-foot terrace with views of the East River. Its in a condo building with a 24-hour doorman/concierge and building manager, a fitness center with changing areas, an entertainment lounge with a kitchen, and a rooftop terrace with outdoor dining. Common charges are $5,608 a month. Taxes are $1,664 a month.

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What You Need To Know About Buying A Penthouse In Nyc

This three-bedroom Lower East Side penthouse has a private 1,282-square-foot terrace.

Once upon a time, you knew you had finally made it in New York City when you could afford to buy a penthouse apartment. But is it still a good investment? Now that new and converted buildings can come with multiple penthouses instead of just one, are they still prestigious? In this weeks Buy Curious, Jessica Milton of Mirador Real Estate and Louis Adler of REAL New York tell you whether sky-high living is right for you.

Inside New York’s $95 Million Penthouse: 432 Park Avenue

All images courtesy of DBOX for CIM Group/Macklowe Properties

The buzz has been building for years, and now it’s official: 432 Park Avenue, located between 56th and 57th street, is the tallest residential tower in the Western Hemisphere. With topping complete at 1,396 feet and the last of the concrete finally poured three years after the start of construction, it surpasses the State Building and the Chrysler Building without its spire, and its rooftop is the highest in the city.

View from the top. Image courtesy of DBOX for CIM Group/Macklowe Properties

And now, for those who can afford the $95 million penthouse , what awaits is a remarkable view 1,271 feet up in the sky. If $95 million is a bit out of your price range, the towers website offers virtual views, starting at 558 feet.

Designed by Rafael Vinoly, the tower boasts 104 luxury condominium complexes , 10-foot-by-10-foot windows, private elevator landings, heated bathroom floors and the option to purchase a climate-controlled wine cellar .

The Master Bath. Image courtesy of DBOX for CIM Group/Macklowe Properties

Starting next year, not only will residents be treated to 30,000 square feet of private amenities, including a restaurant, outdoor terrace and, naturally, a gym, but a 75-foot-pool and massage therapy room ensure tenants wont have to leave the complex for a day at the spa.

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