10 Of The Most Expensive Properties In New York
According to the Emerging Trends in Real Estate in 2014, the real estate recovery gains momentum this year, especially in certain states such as New York. The market is expected to benefit from improved cash flows to drive returns.
In some sought-after neighborhoods, and likely in real estate in general, marketing times will remain short and negotiability limited, with ample bidding wars and escalation clauses. It is going to be more important than ever to have a good real estate lawyer on your side, whether you are buying, selling, refinancing, etc.
Spring is a beautiful time of the year to look for a new property or have an open house in the property you are selling. New York has the greatest number of pricey homes on the market, and we wanted to share some gorgeous – and most expensive – properties in New York City. Enjoy!
$114,077,000
This high-priced Manhattan real estate was created to resemble the Palace of Versailles. Owned by Vincent Viola, a Wall Street investor and owner of the NHL’s Florida Panthers, and his wife, Teresa, head of Maida Vale Designs. They first purchased the property in 2005 for $20 million and completely renovated the 16,000-square-foot interior. The buyer can expect a monthly mortgage payment around $444,000, assuming 20 percent down on a 30-year-fixed mortgage.
Source: Zillow.com
$100 million
150 W 56th St, New York
The CitySpire penthouse is the highest terraced residence in the U.S., according to the listing description. The home spans three floors and includes 6 bedrooms, 9 bathrooms, a private elevator, wine cellar, maid’s quarters and 3,000 square feet of outdoor living space. It first hit the market in November 2013, and the asking price has held steady at $100 million.
Source: Zillow.com
$98 million
Undisclosed address, New York
When this condo was constructed, architect Charles Gwathmey wanted it to be “the most sophisticated, stunning and elegant apartment in New York City.” The duplex is sleek and modern with 4 bedrooms and 5.5 baths in 9,000 square feet of living space.
Source: Zillow.com
$85 Million
635 W 42nd St # 45FL, New York
The Atelier building first opened in 2007, with the rumors that Lindsay Lohan was offered an apartment there for free as a part of a grand marketing scheme. Well, it has brought in many celebrities since, including actor Brendan Fraser, “Entourage” star Dania Ramirez and comedian Dane Cook. This full-floor penthouse was never home to a star, but it does include 10,000 square feet of space. Curbed NY, however, noted at one point, a buyer could purchase the 40 remaining apartment units, and the full amount still wouldn’t add up to the cost of the single $85 million unit.
Source: Zillow.com
$79.5 Million
432 Park Ave S # PH92, New York
Located on Manhattan’s famed Billionaire Row, 432 Park Avenue is set to become a lofty new icon of the New York skyline. When completed in 2015, the extremely tall 96-story (1,396 ft.) high-rise, which is one of the skinniest and highest skyscrapers ever to be built in New York City, will become the tallest residential tower in the Western Hemisphere.
This 8,255 square feet, 6 bedroom, 7.5 bath penthouse features Palladian proportioned spaces, ambiance of luxury and breathtakingly sensational panoramic views of NYC. This is a game changer for the upper echelon of New York luxury living.
Source: ny.curbed.com
$76.5 million
432 Park Ave S # PH88, New York
This spectacular full floor, 8,055 square foot expansive penthouse includes 5 bedrooms, 7 bathrooms and two powder rooms. North, South, East, and West exposures provide panoramic views of Central Park and the City. Designed by Rafael Vinoly, this extraordinary 96-story tower will rise 1,396 feet and redefine the Manhattan skyline. All windows measure an expansive 10 feet by 10 feet, flooding residences with abundant natural light and spectacular views.
$65 Million
15 Central Park W # 35AB, New York
The largest and highest apartment available in 15 Central Park West, deemed by many the finest condominium ever completed in New York. This apartment spans approximately 6,000 square feet, with 5 bedrooms and 6.5 baths, positioned 15 floors over the 20-story HOUSE building of 15 CPW, high on the 35th floor of the TOWER.
15 Central Park West, also known as “the Limestone Jesus”, has quickly become New York’s most sought-after condominium residence designed by renowned Robert A.M. Stern Architects.
Source: ny.curbed.com
$60 Million
Across the MoMa, 5th Avenue and Central Park stands the Baccarat Residences, conceptualized by Hotel industry luminary Barry Sternlicht, the founder of Starwood Resorts & Hotels, W Hotels and designed by star architects Skidmore, Owings & Merrill. The 50-story tower’s interiors by designer Tony Ingaro incorporate Baccarat chandeliers.
As is common in buildings where the condos top a hotel, owner of this 5 bedroom, 5.5 bathrooms, 7,381 square feet condo will have access to the hotel’s amenities and services, from housekeeping to the crystal bar.
Source: ny.curbed.com
$60 Million
Incredible penthouse with magnificent private terrace located at the Five-Star Mark Hotel, widely considered the ultimate Luxury boutique hotel in the heart of Manhattan’s famous Upper East Side, this one-of-a-kind 6 bed, 8 bath, 9,799 square feet condo comprises the entire top floor plus a private 2,400 square feet of roof terrace.
$50 Million
70 W 45th St # PH123, New York
This is a rare and amazing opportunity to bring your Manhattan dream home to realization. High above Midtown West this multi-story penthouse showplace in the sky combines all top floor penthouses into one single, palatial home! Masterfully designed, defined by exquisite 360 views that will suit the most discerning buyer.
Atop the ultra-luxurious Cassa Hotel & Residences, the top three-and-a-half floors are being offered for $50 million, with potential combo floor plans to convert bedrooms, kitchens, and bathrooms into a tearoom, spa room, gym, dry sauna, library, media room, and a huge master suite that takes up half of the third floor. This entirely unique, brilliantly created jewel presents unequalled, and unprecedented opportunity in NYC.
Source: ny.curbed.com
If you need assistance with the purchase or sale of residential real estate in New York, we can help. Our experienced NYC real estate lawyers assist buyers and sellers with the purchase or sale of their co-ops, condos and single or multi-family homes. Be represented by highly skilled and dedicated attorneys who provide a level of sophistication and a value proposition that is unmatched.
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*The contents of this document are not legal advice and are not to be treated as such. Before making any decision or taking any action, Contact Levin Law Group for actual legal advice.