Photos: Brown Harris Stevens
Half-price special on the Pierre Hotel penthouse!
Listed for $125 million in April 2013, the triplex co-op apartment has re-entered the market with an asking price of $63 million, the Wall Street Journal reported.
The 12,000-square-foot, five-bedroom trophy pad occupies the entire 41st to 43rd floors of the hotel and co-op building, making it the highest prewar cooperative unit in Manhattan. Described as a “French chateau with a mansard roof,” the residence at 795 Fifth Avenue has 360-degree views including Central Park, a ballroom with 23-foot ceiling, sitting rooms, paneled library, terraces in each of the four corners of the building, four functional fireplaces and an interior elevator. Floorplan below:
The Pierre, which dates back to 1928, is the tallest prewar building on Central Park. The penthouse buyer would have access to the hotel’s amenities, which include a dedicated two-person staff, 24-hour room service and concierge service, attended elevators, valet parking, gym and business center.
The owner, Barbara Zweig, is the widow of financier Martin Zweig, who died in 2013. The Zweigs purchased the home in the late 1990s for approximately $21.5 million from Australian newspaper heiress Lady Mary Fairfax, the Wall Street Journal reported.
The penthouse first went up for sale in the spring of 2013, then returned in December that year with an asking price of $95 million. The latest $63 million listing marks the home’s third time on the market under the current owner. But think of how much money you’ll save from the original price; the median listing price for a new Manhattan condo right now is $3,692,500, so the $62 million discount could purchase, like, 16 new condos in one of the most rarefied real estate markets in the world. And that might seem entirely reasonable and not at all impressive to you until you realize that you’ve completely lost touch with reality. It’s lonely at the top, and the top looks like this:
Brown Harris Stevens is marketing the listing.