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How Much Does A Penthouse Cost In New York

See Inside The $169m Penthouse At 432 Park Avenue

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

Posted On Wed, July 21, 2021 By Dana Schulz In Cool Listings, Midtown

Listing photo by Donna Dotan

The top-floor penthouse at 1,396-foot-tall tower 432 Park Avenue has been publicly listed for the first time ever, asking $169 million. It is the most expensive listing currently in New York City, and if it fetches the asking price, it would become the second-biggest sale in the citys history and set a record with its $20,500 per square foot price tag. As 6sqft reported last month, the 96th-floor unit is currently owned by billionaire Saudi real estate developer Fawaz Alhokair, who bought the apartment for only $88 million in 2016. Listed with Ryan Serhant, founder and CEO of SERHANT., the unit spans 8,225 square feet and has six bedrooms and seven bathrooms, as well as 240 linear feet of glass windows. The home is being sold with all of its art and furniture, which includes pieces from Hermes, Fendi, and Bentley.

Throughout are 24 10 × 10 windows, soaring 12.5 ceilings, and herringbone white oak floors. The great room alone is 93 feet long and is just one of the rooms that offers 360-degree views of Manhattan, including those overlooking Central Park. It features a wood-burning fireplace and a formal dining area.

The corner primary suite boasts a sitting room, walk-through dressing rooms, and two windowed bathrooms with slab marble walls, radiant heated floors, custom wood cabinets, floating tubs with incredible views, and carved oval sinks.

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.

A Peek Inside Penthousesthen And Now

Penthouse apartments were born in the 1920s, when a robust economy sparked a construction boom in New York City, in which luxury apartments with to-die-for views were established on the top floors of many buildings.

One of the earliest penthouses was owned by Condé Montrose Nast, the magazine magnate who inhabited a 5,000-square-foot duplex at 1040 Park Ave. complete with a ballroom, drawing room, library, and salonthe perfect perch for the publisher of such aspirational titles as Vanity Fair and Vogue. Another notable early penthouse was designed for Post cereal heiress , who created a 54-room triplex on Fifth Avenue in 1925.

Today, penthouses can be found all over the worldin Hong Kong, London, Los Angeles, and other cities. Not surprisingly, many of the rich and famous inhabit penthouses, from comedian Amy Schumer to star NFL quarterback Tom Brady and his wife, supermodel Gisele Bündchen.And lets not forget President Donald Trumps three-story penthouse in Trump Tower, which serves as his New York City crash pad when hes not slumming it in the White House.

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Penthouse Duplex In Bloomberg Tower $34000000

Floor: 54

Location: Midtown East

One Beacon Court, a residential section of the iconic Bloomberg Tower, is Midtown Manhattans most established business address and premier luxury condominium residence, reached securely off 58th Street via a private courtyard. The penthouse duplex, designed by architectural legend Charles Gwathmey, offers breathtaking helicopter views of the Manhattan skyline, Central Park, the East, and Hudson River.

Penthouse In The Crown Building $60089503

7 Most Expensive Penthouses in the U.S.

Floor: 26

This Fifth Avenue penthouse is located at the pinnacle of the Aman Hotel which opened its doors in 2020. One of 22 private Aman residences designed by Jean-Michel Gathy, it offers unlimited access to all of the hotels amenities, such as a double-height, 14th floor piano bar, wraparound garden terrace with tranquil water areas, wine library, jazz club, and a three-level spa center. The penthouses immense living and dining areas boast picturesque views of Central Park and the Upper East Side.

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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.

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.

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East Village $539000 87 Saint Marks Place #4d

This top-floor studio is only 425 square feet, but its nonetheless charming and cozy and definitely has a homey feeling to it, says seller Marie Godeau, 27. Situated in the heart of the East Village, the co-op apartment includes a woodburning fireplace and a space-saving Murphy bed. It also sports a private rooftop garden, and a skylight, along with panoramic city views. And who doesnt love a Murphy bed? Now you see it, now you dont! Pets are welcome, as are parents buying for their children.

Susan Lamia, Corcoran, 917-575-3516

The Most Expensive Penthouse In New York With 360

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

Floor: 80

Location: Midtown East

This one-of-a-kind residence occupies a full floor of the 96-story residential tower designed by Rafael Vinoly at 432 Park Avenue. The property has been completely reimagined by one of the most sought-after home designers and represents an unparalleled opportunity to own a globally significant property. The home features soaring, almost 4 m ceilings, large windows with seating, white oak flooring, exquisite stone decor, custom wall treatments, and millwork. The penthouse also has been refitted with centrally controlled state-of-the-art media, climate regulation, and security systems.

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What Comes Next In New Yorks Investigation Of Donald Trump

Pedestrians and a food delivery man are seen outside the Trump building at 40 Wall Street in New York’s Financial District on March 23, 2021.Mary Altaffer/The Associated Press

After investigating former President Donald Trump for several years, New York Attorney General Letitia James used a court filing Tuesday to outline much of the evidence her investigators have gathered so far. The legal memo claimed the Republicans company used fraudulent or misleading valuations of its assets while seeking loans and tax breaks.

Heres what this development could mean for Trump and his namesake company:

Next Stop: The Top Or Not

Originally, the term penthouse referred to a smaller house constructed on the roof of an existing apartment building, set back to offer an outdoor areaall surrounded, of course, by an incredible view. But today, penthouse has been broadened generously to mean the top floor of any tall building.

The word penthouse is now used purely for marketing to draw the attention of more buyers or renters, says Eric Prigot of TripleMint Real Estate in New York City.

Today, a penthouse can even be on the ground floor, if its all tricked out and boasts luxury amenities not found in the buildings other units. These might include upgraded appliances, increased security, fancier finishes, a larger balcony, oversize windows, a breathtaking view, a larger floor plan, and a private entrance.

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Corner Penthouse Duplex With Timeless Design At New Lincoln Square $64862507

Floor: 18

Location: Upper West Side

The classical floor plan with exposures on three sides carries on the traditions of the great apartment houses of yesteryear, with its suite of grandly proportioned public rooms and private floor of elegant bedroom suites. The 500 sq.m property enjoys an additional 100 sq.m of outdoor living space, thanks to park-facing terraces, including one that wraps around almost the entire 18th floor.

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Broome St #phb Lower East Side

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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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Penthouse With A Saltwater Pool And Interior Elevator At 565 Broome Soho $42655536

Floor: 30

Location: SoHo

565 Broome SoHos luxury condominium residences mark a culmination within the evolution of a neighborhood that has not only continued as a nexus for arts and culture but also become a center for retail, dining, and nightlife. The building serves as a quiet retreat amidst the neighborhood bustle, and this particular full-floor penthouse duplex features the best on offer: a private roof terrace with a heated saltwater pool and breathtaking 360-degree views, 13 m , floor to ceiling, curved windows, sophisticated design, and a private interior elevator.

Bloomberg Tower/one Beacon Court

If you ever wondered about how much real estate can go up in value, just take a look at this insane property. Hedge fund billionaire Steve Cohen bought a duplex penthouse on the Upper East Side in 2005 for a pricy $24 million. About ten years later, he put it on the market for $115 million. Granted, Cohen hired an architect to transform the space and likely made several luxury upgrades to the property, but nonetheless thats quite the price leap in only ten years. The unit is a whopping 9,000 square feet with six bedrooms and six and a half bathrooms, with a private guest wing thats larger than most NYC single apartments.

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

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.

How To Find A Penthouse For Rent

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

If youve 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 youre well on your way to renting a luxurious penthouse with amazing views.

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East Harlem $699000 1885 Lexington Ave #ph7b

Feeling sustainable? This two-bedroom, 955-square-foot penthouse comes with an individual rooftop garden plot where you can grow your own herbs and vegetables. Once theyre ripe, you can cook them up in the units chefs kitchen, which features recycled glass countertops and GE energy-saving appliances. The LEED Silver building also includes green touches like double-hung, triple-glazed windows and motorized solar/blackout shades you can bring down with the touch of a button.

Michael Molina, Bond New York, 917-547-0377

Park Terrace East #b84 Inwood

Priced at $1,085,000, this 1,450-square-foot, three-bedroom, two-and-a-half-bath duplex penthouse apartment was recently renovated, and has a sunny kitchen with stainless steel appliances, a dressing area outside the main bathroom, a sunken living room, a dining foyer, and a private terrace surrounded by a newly constructed brick parapet, which overlooks a manicured courtyard below. Its located in Park Terrace Gardens, a co-op complex with concierge services, private gardens, on-site management, a bike room , free high-speed Internet access, and new laundry rooms. Maintenance is $2,321 a month.

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What Is A Penthouse

A penthouse is a unit located on the top floor of the building. Its usually the most luxurious, spacious and expensive unit in the building with the most amenities. A penthouse apartment can have vaulted ceilings, floor-to-ceiling windows and striking city views.

In addition to these features, penthouses will also have more square footage, top-of-the-line appliances and other features that are not included in other units in the building. Penthouses are generally the nicest rental available and include everything you could ever imagine yourself wanting or needing in a home.

Before penthouses became the most expensive type of rental units, they were originally the space that live-in servants occupied. The word penthouse refers to a smaller house located on the roof of a building. Nowadays, penthouses are a symbol of status and prestige. If you can afford to live in the penthouse apartment, youre part of a select crowd of people.

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Penthouse Atop The Legendary Nyc Hotel $60000000

How Much Do Penthouses Cost?

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.

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What Do The Trumps Have To Say About All This

The Trump Organization issued a statement calling the investigation baseless and politically motivated. It said James had defrauded New Yorkers by basing her entire candidacy on a promise to get Trump at all costs without having seen a shred of evidence and in violation of every conceivable ethical rule. Donald Trump Jr. tweeted that James should be disbarred.

The 7 Most Expensive Penthouses In The Us

Across the world there are around 12.5 million millionaires. This means that there is high demand of expensive real estate. Not only for these millionaires to live there luxurious lives in, but also t

Across the world there are around 12.5 million millionaires. This means that there is high demand of expensive real estate. Not only for these millionaires to live there luxurious lives in, but also to create more wealth through renting their penthouses out and various other income streams.

As we take a look at these wonderful penthouses, take note of the value between asset purchased and asset worth. You may find that some of these penthouses are just on this list due to location rather than their real valued worth.

Most foreign investors are buying U.S. real estate in either Florida or California. Only one of these states appears in this list. However, the average price of U.S. real estate bought by a foreigner is around $450,000. So although there is more chance of these penthouses being owned by U.S. investors, we cant rule out that some of these penthouses have been snapped up by worldwide investors.

The U.S. is in debt by around $17 trillion. So these small transactions may not affect the economy too much, but when you look at the big picture, these penthouses could be sold to American citizens, which in the long term will help the U.S. economy out.

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Minimum Income You Need To Rent An Apartment In New York City Neighborhoods

Rent in New York City is notoriously expensive. Those rent-controlled apartments on Friends and Sex and the City werent remotely realistic in terms of what the average 20- or 30-something can afford. According to CNBC, Monicas two-bedroom apartment would easily rent for $7,000 to $8,000 per month no small feat on a chefs salary.

To get a better idea of what it truly costs to live in neighborhoods across the Big Apple, we took a look at the average rent for apartments by neighborhood. Its a rude awakening, to be sure.

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