Most Expensive Listing in NYC: PentHouse Atop Pierre Hotel to List for $120 Million

Most expensive listings in New York City always make news and with the luxury real estate market strengthening, more of the high end properties are hitting the market with hefty price tags. Martin Zweig’s penthouse located on top of the Pierre Hotel could be the next property that could hit the market and would definitely interest the ultra rich buyers. It is expected to be listed for $120 million which will make it the most expensive listing ever in New York City. The speculation started after the death of Martin Zweig who breathed his last this February. He was an investor who was best known for his accurate prediction of the 1987 stock market crash.

Martin Zweig and his Penthouse

The Penthouse is Spread Over Three Floors

The penthouse was briefly listed in 2007 for merely $70 million but it has the luxury and exclusive features that justify its expected price tag of $120 million this time round. The penthouse is spread over three floors and provides 12,000 square feet of living space. It has nine bedrooms, six fireplaces and four terraces. But the highlight of the penthouse is undoubtedly is the ‘Grand Salon’ which is the hotel’s former ballroom with 23 feet ceilings. It was aptly called ‘the most important room under private ownership in New York City’. The marble floors are heated and the apartment provides panoramic views of not just the Central Park but of New York City.

The Lobby Staircase

The Building Boasts of Residents Like Yves Saint Laurent

Martin Zweig had bought the penthouse in 1999 for a mere $21.5 million. It is to be seen if the valuation now is perceived to be right because it is only then that serious buyers will come forward to buy it. The penthouse boasts of marble stone lining in most spaces and imposing and intricate woodwork on the walls. You would find a heavy chandelier in practically every room. The building located in a prime location boasts of some famous residents including Elizabeth Taylor and Yves Saint Laurent. If a buyer comes forward to pay the asking price it will become the most expensive property ever sold in New York City.

The Ballroom with 23 feet high ceiling

Via: therealdeal

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