A duplex at Manhattan’s Central Park Tower, the world’s tallest residential skyscraper, is on the market for $150 million.
The eight-bedroom, nine-bath condo had never been shown before it was priced this week, according to Pamela Liebman, chief executive officer of brokerage Corcoran Group. The apartment, on the 127th and 128th floors, is the highest duplex in the Billionaires’ Row tower, built by Extell Development.
The condo -- 1,300 feet (396 meters) in the sky -- is “an architectural masterpiece, offering the ideal setting for entertaining with 270 degrees of captivating panoramic views,” according to the listing by Leighton Candler and Cathy Franklin at Corcoran. The 11,535-square-foot (1071-square-meter) unit has a 30-foot-long formal dining room, a corner observatory, private elevator and custom cabinetry.
Manhattan’s luxury condo market is on the rise, thanks largely to discounts that are helping to chip away at a pileup of units from the high-end construction boom that followed the financial crisis. Extell pioneered that boom, with One57 -- about a block from Central Park Tower -- where a penthouse sold for $100.5 million in 2014.
The resurgence in interest has made it “pretty clear there are buyers for these uber-luxury apartments, these apartments at the upmost high end of the market,” Liebman said. “We feel the momentum is with us.”
A penthouse at another Billionaires’ Row property, 432 Park Ave., was listed last month for $169 million, almost double the buyer’s 2016 purchase price.
Central Park Tower, at 217 W. 57th St., has amenities including private swimming pools, a sundeck and cabana with food and beverage service and a private theater, according to the listing. The 1,550-foot skyscraper has a Nordstrom store at its base.
This article was provided by Bloomberg News.