The Newly Minted Most Expensive Apartment in New York City
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Manhattan Transfers
When an $80 million penthouse at 15 Central Park West came off the market late last month, it left a depressingly big hole in New York's super-luxury apartment market. (As it happens, an 18th-floor duplex in the building is being quietly offered for $75 million, while Courtney Sale Ross' sprawl at 740 Park is asking "over $60 million," but neither are official listings, so they don't quite count.)
Not that anyone actually keeps track of such things (actually, of course they do), but a relatively unthrilling penthouse at The Mark was, thanks to its $60 million tag, briefly the most expensive apartment on the market in New York. That just changed. A 78th-floor penthouse at the Time Warner Center came on today for $65 million, which works out to a bewildering $7,831 per square foot.
A bigger problem is that the monthly maintenance fees are $13,361 and the monthly taxes are $16,332, which means it costs an extra $356,316 per year to live there. On the bright side, the master bedroom suite happens to have an office, his-and-hers dressing rooms, his-and-hers bathrooms, and a gym, too. Then the condo has a 41-foot-long living room with floor-to-ceiling windows; a red lacquered corner library/office (not the first red lacquered library in town); a dining room with a view of the Hudson River; a chef's kitchen ("and pantry with full laundry center"); a screening room; and four other bedrooms, all with en-suite bathrooms.
Records suggest the apartment was sold for less than $30 million two years ago.
North Haven
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All that space and the laundry is in the pantry??????
Hedge Fund Boss John Paulson who made 3 billion betting AGAINST the housing market recently asked for 16 million for his Hamptons house when he paid 14 million 2 years earlier. EVERYBODY thinks just because they bought a nice new home, it must increase in value.... because hey.... the global economy is on fire! Literally. Obama won because he studied the great dvd Presidential Debates Gone Wild. They have it at www.PresidentialDebates.tv.
I was going to buy it but was looking for something a little closer to 59 million as I am trying to preserve cash.
To be bought with our tax money from the bailout of the Wallstreet Theives. Incompentance rewards for the finicial industry. Lynch them all!!!!!!!!!!!!!!!!!!!!1
So, is this Rush Limbaugh's place?
Damn it! Just when what appears to be the perfect apartment for my needs, it only has 4 bedrooms. I need five. If any of you posters have a 5 bedroom apartment in this price range and are thinking of selling, please let me know. Thanks.
asking is one thing
getting, is entirely another matter
Well it probably will be bought soon what with all of the Tarp bailout money going to every thief and badly managed corporation in the US.
When the money is free you can buy anything with it. Too bad I'm just a little taxpayer. Where is my bailout? ha ha ha
After the government bail out money my company will receive, I will be able to afford this. Thanks for the info. -Mr Lehman
wonder when barack and michelle buy it,!!!
I wonder which Russian mafia crook will get it!!
Just my luck. I left my check book home.
I wonder which Russian mafia crook will buy it?
The manhattan housing market is way down. the only people who will be stupid enough to pay this inflated price are those with cash to burn and a desire to live in a penthouse in NYC. Most of these people are too smart to pay a price like that for something they can get in the next building for a quarter of the price, and thus this will sit on the market collecting dust.
welcome to - Amer-exico or some such "class separation".
"brother have you got a few million ?"
Thanks to Wall Street's much deserved disdain and "the body politic" - designed by, for and of "the elite" who have absolutley *no touch with the average american person*...
doubt it?
look at congressional makeup - their financials are astounding - nothing but class separation making the rules - while lying about our condition.
The USA is BROKE-BROKE-BROKE - in more ways than financial... it is now "out there for all to see".
Maybe that's "the bright side" - something may now be done for "the real America"...
zbing!
It's not a "65 million apartment" until somebody actually buys it for $65 million
You, sir, are an idiot.
Anyone who would buy in this market is crazy.
(Pssst! DEFLATION IS COMING!)
I put it on my Amex ... hey wait, Amex doesn't have any money to cover this ... Amex is waiting on billions from the bailout. WTF?!? What has become crystal clear beyond peradventure is that the idiots in D.C. do not have the 1st clue about what to do or what they are doing. God help us all!
Welcome to The Kleptocratic States of America. Your tax dollars at leisure.
Too late, Cindy McCain just bought it for her much younger new boyfriend.
Sigmond, You could put an Aerobed in the screening room. Et Voila!
$7,831 per square foot?
Let's put that in perspective. The average home in the US is something like 1,400 square feet. At that price per square foot, the average house would cost about $11 million.
So that would make the apartment about six times the size of the average house at a price about 265 times the price of the average home. Doesn't sound like a good deal to me.
Well, now! Isn't this fancy.
Of course some of the few people who can afford such luxury would be those recipients of some of that bailout money that we tax payers will end up paying for. Right?
Oh, sorry! Most likely our kids and grand kids will get the "patriotic duty" to do the paying!
I am sure chris dodd can get a sweet heart deal with barney frank on money from their bail out and move in immediatly. Realistically it will probably be someone associated with former freddy mac guy Rham who will use it, or maybe one jack murtha's abscam illegals. Oh hold on, maybe sam donaldson will forgo his farm subsidies and let the feds buy it for him. Maybe pope jimmy carter will quit the heavily subsidized peanut cartel and retire here. Oh hell, paulson will probably just make it his treasurey private office for dumping his share of the 950 billion bail out to his fiends down the street. No better yet al gore can run the enron invented carbon trading scam from here, that way he can get a better look over his peasants.
Sigmond ---
You are in Luck. It has a Master and 4 for a total of 5 bedrooms. Rush out and get it.
A Desert Shiek will buy it, thus getting back some of our oil money. But wait!! Maybe it is already owned by another Shiek.
Will there be a parking space for my '93 Ford Escort?
Will there be a parking space for my '93 Ford Escort?