$48 Million 12 Room Penthouse In NYC | Homes of the Rich – The #1 Real Estate Blog


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  • Daniel

    Well the location looks superb but the apartment is missing something. Maybe it’s because of the white everywhere, but I would want more details. The coffered ceiling in the living room might be lovely but I can’t tell. The black framed windows in photo 5 would be the first things to go…reminds me of homes from the late 70s/early 80s.

  • Grrrowler

    I love this place. The terraces and roof garden are to die for, and I like the interior quite a lot. I think it’s great that the kitchen can be closed off from the living room for more formal gatherings, and I really like the circular entry vestibules (at least on paper). It’s odd that the library doesn’t seem to have any books, but that would be easily remedied.

    That said, I’m not a West Side kinda guy, and would like this even more if it were on Central Park South or 5th Ave. Even by NYC standards, the price seems a little high for the square footage, although the outdoor areas are worth quite a lot.

  • Teddi

    A LITTLE high? I know one is simply paying for a Manhattan address. That alone is worth millions, but this is getting ridiculous. And while the outdoor/rooftop living space is a thing to covet in NYC, at this price point for this amount of space, Stone Mansion in Alpine is looking better and better. The zip code might not carry the same weight, but unless I’m a Russian billionaire with limited places left to spend my money, this is too much even for my highfalutin caviar dreams.

    These places aren’t worth this much money. Even in Manhattan. To some extent they are pulling these numbers out their backsides. But I suppose as long as a Bin Laden or a sheik needs a place to park his money as well as his head while he’s stopping over, the prices will keep going up. Plop this exact same residence somewhere else in the country and you’d pay what? At most a few mil for it? Is the zip code really worth $30M alone? At least in Monaco there would be a tax advantage to go with that price tag.

    • Grrrowler

      If I could have italicized the word “little”, I would have, since it’s really a lot high. As nice as I think the place is, I wouldn’t dream of paying anywhere near the asking price. For the same money, I’d rather have 3 remodeled 19th century townhouses in the East Village.

      As you said, the price is probably put out there with the hope that someone with more money than they know what to do with will buy it. A thing is worth whatever someone will pay for it, and if a Russian potentate buys this to keep his dog in, it’s worth it to him.

      • Daniel

        Littttle

        • Grrrowler

          Well done! I keep forgetting I can use html tags.

          • Teddi

            LOL. You guys are funny.

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