Most Expensive Apartment in NYC
Grand, luxurious, magnificent, elegant, incomparable, beauty – these are only some of the few words to describe the most expensive apartments in New York City. Truly, NYC is no stranger to the glitz and glamour of modern life that it’s no wonder, a lot of people from all walks of life would want to have a taste of what it feels like living in New York.
But living with glamour and elegance comes with a price. As a matter of fact, Manhattan is home to the most expensive penthouse apartments around the world. So if you want to feel the lavishness the Upper East Side has to offer, check out The Penthouse at the Pierre Hotel, New York City’s most expensive apartment to date.
Currently selling at US $125 million, the penthouse triplex is located at 795 Fifth Avenue on the Upper East Side. It occupies the 41st, 42nd and 43rd floors which will give you 360-degree view of Manhattan, Central Park, the Hudson and East Rivers, thanks to its four terraces.
In 1990, the 41st to 43rd floor of the Pierre Hotel was renovated. After 3 years, the penthouse was sold to Lady Mary Fairfax, an Australian media heiress for $12 million, who likewise redesigned the place in order to create a ‘stunning palace in the sky.’ After 6 years, the apartment was sold to Martin Zweig.
The lavish apartment also used to be the home of Martin Zweig, a stock market analyst who is known for predicting the 1987 crash in the stock market three days before it actually happened. The apartment was bought by Zweig in 1999 for $21.5 million where he paid in cash. He died last February 2013 at the age of 70, making the penthouse back in the market for sale.
Currently, the 12,000 square feet penthouse is nothing but luxury and extravagance. An impressive wooden staircase and 2 reception rooms will immediately welcome you as soon as you open the door. Aside from its 4 adjoining terraces, the apartment has a total of 16 rooms with 5 master bedrooms, 6 toilet and baths, 3 powder rooms, 5 fireplaces designed during the 17th – 19th centuries, and guest suite with two bedrooms, three bathrooms and living spaces.
The living spaces are also not less than grand, with its 23-feet high ceilings, large windows and intricate architectural details. The penthouse’s living room is also considered as the most magnificent privately owned room as it houses the original ballroom at The Pierre Hotel. The penthouse apartment also has a private elevator connecting the 3 floors, main kitchen and interior stairs as well a home for its cleaning staff.
Up for Sale
If you’re interested in buying this extravagant penthouse in the Upper East Side, bear in mind that The Pierre Hotel does not allow financing, so there is no need to worry about monthly mortgage payments. However, you may need to have at least $47,000 every month in order to cover the monthly maintenance bill.
Expensive right? But remember, there’s a price you need to pay when you decide to live in New York City.