Prudential Douglas Elliman chair Howard Lorber took CNN through the 8,000-square-foot, octagonal penthouse on the 73rd to 75th floors of 150 West 56th Street. The apartment, the most expensive on the market in the city, has 3,000 square feet of wrap-around terrace space. The dining room seats 30, and the the master suite lies directly under the dome that caps the building. As a bonus, the penthouse owner controls when the dome is lit every night.
Developer Steven Klar, the president of The Klar Organization, bought the unit as raw space for $4.5 million in 1993 and spent at least as much to renovate it. Lorber said that since the listing went live in late July, “we’ve had a couple of very important showings,” with a few more scheduled.
“Pricing apartments today, it’s not a science,” Lorber said to CNN. “This is what the owner wants for the apartment. It’ll either sell, or it won’t sell.”
Lorber’s words reminds us of a quote from steel magnate Leroy Schecter, who is merging two of his condos at 15 Central Park West to sell for an equally bank-breaking $95 million.
“Nobody knows what the right price is,” Schecter told The Wall Street Journal. “If you had $10 billion and you are trying to put in a good place, you aren’t going to put it in a bank, you are going to try to buy good real estate with it.”
Watch the video below and see whether Klar’s ornate, classically inspired abode fits the (eye-popping) bill: