Extell Development’s triplex penthouse at New York’s Central Park Tower is on course to become the country’s most expensive home
The man behind billionaires’ row, Extell Development’s Gary Barnett, set a record for the world’s tallest residential condominium when construction topped out at New York’s Central Park Tower. Now, the developer is gunning for yet another record, aiming to achieve the country’s highest-ever home sale price.
The Triplex Penthouse is set to hit the market today at a whopping $250 million. If purchased at that asking price, it would mark the country’s priciest home ever sold, according to the Wall Street Journal, who was first to report the listing. The previous record was set by hedge fund billionaire Ken Griffin for about $238 million.
The Central Park Tower penthouse boasts three levels — from the 129th through the 131st floors — with interior space that spans around 17,500 square feet. Additionally, there is a 1,433-square-foot outdoor terrace looking out to sprawling views of the city and far beyond.
Made up of seven bedrooms and 11 bathrooms, this expansive penthouse features walls of glass, soaring 27-foot high ceilings, two kitchens, and several living and entertainment spaces. And just in case one ballroom isn’t enough – there are two. Other details, for now, are unavailable. Listing Broker Ryan Serhant went live on Instagram today at 1:30pm EST to give the world a peek inside.
In an interview with The Post, Serhant states “It’s so high, you are above noise. When you are on the terrace, you hear nothing — maybe an airplane, but that’s it. You are above sound. It’s so serene. It is magical. You are 1,400 feet in the air, stepping out onto your own terrace, surrounded by a huge glass wall. There has never been anything like it.”
Mr. Barnett has admitted that $250 million is an ambitious figure, however, he argued that it is a relative bargain in this instance, according to Mansion Global. At about $15,000 a square foot, the price is roughly comparable to what some buyers have paid at Vornado Realty Trust’s 220 Central Park South, he said. Though it didn’t sell, a penthouse owned by Saudi retail and real-estate magnate Fawaz Al Hokair at nearby 432 Park Avenue was also recently marketed for more than $20,000 a square foot. That unit doesn’t have private outdoor space, Mr. Barnett said.
“The nine-figure club is a special club, and that club is also now looking to own nine-figure real estate,” Serhant told the Journal. “It’s a new paradigm now. The uber-wealthy are looking for places to diversify assets, and real estate has become one of the most popular and sought after mega-assets. The levels have exploded.”
Serhant said he believes the fluctuations of the market are almost irrelevant when it comes to selling a property at this price point. “It’s not in the timing,” he said. “This is not the type of property where you wait for the spring market or the fall market. If a person who can afford a property like this wants it, they will buy it.”
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