Rendering: The Seventh Art
So, we’re just pricing penthouses at whatever now.
The triplex penthouse at Zeckendorf Development Co.’s 520 Park Avenue will promenade onto the market next year with an asking price of $130 million, the most expensive integer for an apartment listing in New York City history.
The 12,394-square-foot abode will take up the top three floors of the building and will be the largest unit on the Upper East Side, Arthur Zeckendorf told Bloomberg. The apartment, scheduled for completion in 2017, will boast a 1,257-square-foot terrace with views of Central Park to the north.
The asking price shakes out to approximately $10,000 per square foot, which is the average resale price of condos with prime park views at the Zeckendorfs’ 15 Central Park West, Bloomberg reported. Former Citigroup head Sanford Weill sold his penthouse at 15 Central Park West for a record-breaking $88 million in 2012.
The offering plan for 520 Park, located between East 60th and 61st streets, was approved last week. The costly tower will have 31 apartments total, seven of which are duplexes measuring about 9,138 square feet each. Single-floor units measuring about 4,600 square feet will be priced from $16.2 million, and the duplexes will be priced from $67 million, Bloomberg reported.
Sales are slated to begin the first quarter of 2015.