AM New YorkAugust 12, 2012A new crop of trophy apartments has hit the market and taken Manhattan real estate to an unprecedented degree of luxury. This summer, three apartments have become available at chart-topping prices of $95 and $100 million.
“There’s a new level of cache and luxury to be achieved. This is not the normal New Yorker’s luxury,” said Sofia Song, of real estate site StreetEasy.com. “This has nothing to do with market dynamics. It’s about cache.”
Today’s crop of mega-million dollar penthouse buyers is comprised of titans of industry. Many of them, such as Russian billionaire Dmitry Rybolovlev, are from abroad. Rybolovlev broke records when he bought a penthouse at 15 Central Park West for $88 million, the most that has ever been paid for a New York apartment.
Developers say there is a market for increasingly lavish pads, complete with solariums, wine rooms and luxe-finishing touches like Italian marble flooring.
“Bigger continues to be better. Just the way it is in retail,” said Faith Hope Consolo, a chairwoman at Prudential Douglas Elliman, which listed a $100 million apartment last month.
Got some extra cash stashed away? Check out New York’s 10 priciest pads on the market:
1. $100 million - 150 West 56th Street #PH
This three-floor “crown jewel” of the City Spire condominium features a wraparound terrace, inlaid marble floors, Central Park views and a separate staff apartment.
2. $95 million - 50 Central Park South,
Penthouse 34/35 One of 11 residences atop the Ritz Carlton Hotel, this newly renovated nine-room penthouse boasts a solarium, 689-square-foot terrace and views of Central Park.
3. $95 million - 15 Central Park West, 35 A/B
Though not officially listed yet, last week steel magnate Leroy Schecter announced plans to combine his two Central Park West apartments and sell the two for five times what he paid for the two.
4. $72 million - 828 Fifth Avenue
This three-story condo in a Edwardian Georgian house in Lenox Hill features palatial details like parlour floors, a Louis XV-style ballroom and an oak-paneled sitting room. The apartment is temporarily off the market, but set to return soon.
5. $60 million - 25 East 77th Street #PH
This top-floor penthouse at The Mark hotel includes a living room with 26-foot ceilings, a skylit conservatory and rooftop terrace and pavilion.
6. $55 million - 1 Central Park South #807-89
Central Park views abound at this apartment in the Plaza Hotel, which also features 11-foot ceilings and separate staff quarters.
7. $50 million - 50 Central Park South #33 Square Feet: 4,536 Beds: 2 Baths: 4
Luxe details at this Central Park South apartment include walls of stucco veneziano and a German-silver floor, hand-hammered over wood and a library inspired by Coco Chanel’s Paris apartment complete with 18th century Chinese lacquer panels.
8. $50 million - 944 Fifth Avenue #HIFLR
This 18-room Upper East Side pad was recently renovated by designer Thad Hayes and featured in Architectural Digest. Details include a granite master bath and private elevator.
9. $50 million - 25 Columbus Circle #75A
Located in the Time Warner Center, this spot boasts 14-foot ceilings, floor-to-ceiling wall of windows, Ceruse Oak wood paneling and a glass-enclosed circular rain shower.
10. $48 million - 145 Hudson Street, penthouse
This TriBeCa duplex penthouse is located in an Art Deco loft features teak flooring, skyline and Hudson River views, a sauna and a wraparound terrace.