“With buyers from all over the world increasingly present in the New York market, many of whom live in residences that dwarf even the most luxurious Manhattan apartments, having the option to create a 15,000-square-foot apartment seemed like the right thing to do,” Arthur Zeckendorf said in an e-mail. “And the price just happened to be $100 million.”
The penthouse is also available as a duplex for $70 million.
Chadad’s client, who had planned to custom-build a pied-a- terre at his 5-bedroom apartment in the Trump Parc tower, saw there were few large units on the market that offered direct Central Park views, and none were listed for less than $30 million.
“If you look at everything that’s available, we’re still way below the average,” Chadad said of his $29.5 million listing, which works out to about $4,788 a square foot.
Klar set the $100 million price tag for his CitySpire penthouse based on what he said is the property’s most unique feature: wraparound balconies on all three levels, which span the tower’s 73rd to 75th floors.
“It’s the highest-terraced apartment in North America,” he said.
Bachelor Pad
The 8,000-square-foot apartment, which Klar bought as a bachelor pad in 1994 for about $4.5 million, has been on the market for about 18 months. The developer, now married and with a 6-year-old son and a primary home on Long Island, decided to sell after his wife suggested that such high terraces aren’t appropriate for a residence where small children play, Klar said. He plans to find another place in Manhattan without a balcony.
For now, he’s in no rush to find a buyer and is enjoying panoramic views that include ice skaters in Central Park. If he gets his asking price of $100 million, that would work out to about $12,500 a square foot, he said.
“Somebody’s going to break the $100 million mark,” Klar said. “I’m not sure it’s going to be me, but New York is primed and ready for the wealthy to put their dollars where it makes the most sense, where it’s safest, where it’s exciting, where it’s worth the money.”