One of NYC's most expensive apartments just hit the market - see inside a $169 million penthouse
- The 96th floor 432 Park Avenue penthouse was recently listed at $169 million.
- If sold at its asking price, the 8,255-square-foot apartment will be one of the most expensive homes in the US.
- See inside the luxury six-bedroom penthouse.
- See more stories on Insider's business page.
New York City. Home of bagels, pigeons, and infamously expensive apartments.
But if you think paying $2,500 for a one-bedroom apartment up five flights of stairs is a lot, wait until you see the latest penthouse to hit New York City's estate market.
Let's take a look inside the newly listed $169 million 432 Park Avenue penthouse apartment, right on "Billionaires Row."
The 8,255 square-foot apartment sits on the 96th floor - the top floor - of the controversial 432 Park Avenue skyscraper.
Source: The New York Times
This price rings in at $20,472 per square foot, according to the Streeteasy listing.Source: Streeteasy
The 1,396-foot tall 432 Park Avenue is one of the tallest residential buildings in the world, according to a press release. It's just a short stroll away from Central Park … … and has 30,000 square feet worth of amenities like a private restaurant and lounge, indoor pool, gym, sauna, terrace, and a children’s play area, to name a few amenities. Now let's take a closer look at the penthouse itself. The apartment was previously owned by Fawaz Al Hokair, a Saudi real estate and retail powerhouse who purchased the apartment in 2016, Katherine Clarke reported for Wall Street Journal.Source: Wall Street Journal
If the apartment is sold at the listed $169 million, the price of the penthouse will be almost double what Al Hokair spent … … and will be one of the most expensive properties to have ever been sold in the US, according to the Wall Street Journal.
Source: Wall Street Journal
It's now being listed with Ryan Serhant, CEO of his own brokerage firm Serhant and star of Bravo's "Million Dollar Listing New York."
Source: Bravo
The home has six bedrooms, seven bathrooms … … a library, and two powder rooms. Let's start with the primary bedroom, which has corner windows with views of the city and Central Park. The space also includes a seating area, walk-through closet … … and an en-suite bathroom with marble walls, heated floors, and a floating tub. The five other bedrooms also have large closets and en-suite bathrooms, of course. And what would be a luxury apartment without a private elevator? This one opens right into the great room. Speaking of which, let's head to the 93-foot long room, which includes a living and formal dining space. The great room also has a wood-burning fireplace. In true luxury apartment fashion, this expansive communal space will have 360-degree views of Manhattan, New York through the 24 10-foot by 10-foot windows. These windows occupy most of the 12.5-foot tall walls, providing sky-high views of the city. Now, let's explore the kitchen space, which has full views of Central Park. The eat-in kitchen has high-end finishes like an island, marble floors, counters, and backsplashes … … dining spaces like a breakfast bar ... … a pantry with an additional sink, and Miele appliances. All of the furniture and art you've seen on this tour is included in the $169 million price tag. This includes all of the Fendi, Bentley, and Hermes branded furniture pieces, as well as the custom piano.Source: YouTube
There's also a washer and dryer in-unit, a luxury and rarity for New York City apartments (but not in this price range).Source: Streeteasy
If all of this sounds enticing to you, just be ready to shell out the $169 million, plus an additional $24,012 for common charges and $14,811 in monthly taxes.Source: Serhant
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One of NYC's most expensive apartments just hit the market - see inside a $169 million penthouse
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Friday, July 23, 2021
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