What is the most expensive apartment in NYC?

Appartment = renting and condo = owning.
i guess you mean most expensive condo.;)
I can't find a source unfortunaly,but i was watching TV yesterday and a tv porgram was claiming that NYC had the most expensive condo in the world nowadays wich would cost you 70 million $.
it's located on 5th avenue on the 3 highest floors on a building.
this is all i can remember... :bash:

wasn't it in the new ATW center?

wasn't it in the new ATW center?

i don't have any more information :dunno:

Yea, it's the one at the TWC.

Sold for $42.5 million, 12,000-square-foot penthouse; $30,000 monthly fee.

http://www.nydailynews.com/ips_rich_content/392-front450.JPG

$42.5 million, how obscene!

You could read more about it over at page 2 of the TWC thread:

http://www.skyscrapercity.com/showthread.php?t=63363&page=2&pp=20

Scroll down to post #34.

$30,000 monthly fee?! For what? What does that maid have to do for that much?

Well I guess if you can afford 24 million, you won't mind the 30 grand every month

heres what I think (http://www.iol.ie/~terenure/ty0001/coffey/homer-drool.gif)

I've actually been to high end TWC apartments. Ricky Martin lives there, he almost tripped over me as he was exiting the elevator.

I've actually been to high end TWC apartments. Ricky Martin lives there, he almost tripped over me as he was exiting the elevator.

Lucky! How'd you get up there?

Yea, it's the one at the TWC.

Sold for $42.5 million, 12,000-square-foot penthouse; $30,000 monthly fee.

http://www.nydailynews.com/ips_rich_content/392-front450.JPG


OMFG :eek2: :eek2: :eek2:

who owns it? you good build a mall skyscraper for that!

who owns it? you good build a mall skyscraper for that!

From the article:

The buyer has been identified as financier David Martinez, 46, CEO and director of Fintech Advisory Ltd., a London-based firm that deals in the debt of underdeveloped nations and troubled companies.

He was going to spend more to fix it up...

Martinez, who is virtually unknown amongst this city's power elite, will spend another $4 million minimum to finish his apartment, according to those familiar with the deal.

Interesting that this thread is made and not much time later this happens...

The View From the Top
The race to sell New York’s most expensive apartment—ever—has begun.

By Deborah Schoeneman

http://newyorkmetro.com/images/realestate/04/10/realestate041025_1_400.jpg
This view can be yours, for $70 million. Photo Credit: The Ritz-Carlton.

n 2003, British financier David Martinez set a record by spending $45 million for a 12,000-square-foot condo at the Related Companies’ Time Warner Center, thereby proving that really, really rich people really, really want massive spreads with park views and hotel services. But now three new listings have their brokers vying for Biggest Sale Ever (not to mention Biggest Commission Ever). In the past several weeks, a $70 million co-op at the Pierre, a $64 million condo at the Time Warner Center, and a $45.5 million triplex at the Ritz-Carlton have all hit the market. The Martinez sale, it appears, was not so much a stunt as a hint of things to come. “That sale,” says the developer’s president of sales, Susan de Franca, “demonstrated there’s a demand out there for a very large space.” She insists that the $64 million condo—two floors, about 17,000 square feet—is not a vanity listing. “We have serious interest from a purchaser.”

The grandest trophy of them all is the $70 million triplex penthouse of hedge-fund manager Martin Zweig. He bought the 11,000-square-foot co-op (nine bedrooms, four terraces) from publishing heiress Lady Mary Fairfax in 1999, for a then-record $21.5 million. She’d asked $35 million, prompting doubts this time that Zweig will get his price—particularly because the tough co-op board can be even more limiting than the expense. “It’s going to take a very special person to buy the Pierre apartment in particular, since the ballroom is only really good for a Christmas party,” says Laurance Kaiser IV of Key-Ventures Realty. Being the one who sold it will also confer privileges. “If a broker for me or another firm sold the priciest apartment, right away people would say, Maybe I should try that person!” says Douglas Elliman CEO Dottie Herman. (When Corcoran’s Robby Browne closed the $42.5 million deal, his firm threw him a party.)

Besides delineating a new ultra-luxury market, the three properties also suggest that the Gold Coast (Central Park West and Park and Fifth avenues) is expanding. “Previously, Central Park South was a no-man’s-land,” says Kirk Henckels of Stribling Private Brokerage. “And now it is a very viable neighborhood.” However, the only record that’s sure to be set is for the highest asking price. “In some instances,” admits Corcoran CEO Pam Liebman, “the exorbitantly priced apartment is more about ego than reality.”

with $70 million, you can feed 100 million hungry sudanese........ probably more

Yeah but Ide rather have those views.

It's interesting, given the option, how many would prefer a condo high up near Central Park or a condo high up in the center of Midtown or Lower Manhattan?

Everyone's always going for the park it seems.

i would prefer near the park :)

The park is where its at.

$30,000 monthly fee?! For what? What does that maid have to do for that much?

Maintenance. Garbage collection, doormen, parking, utilities, etc.

Yeah but Ide rather have those views.
I'll have those views from work if I get the job I interviewed for Saturday :)

And it's investment banking, so I'll be able to enjoy them for like 90 hours a week... :(

I hope you'll make it Chi-Town!

Those $70 million says a lot about what NYC is in the world. Nobody would pay such an huge amount of money for an apartment in any other metropolis in the world I think. NYC is just it! Even an apartment in HK with views over victoria harbour to HK-island can't beat this by far!

^yup!

I hope you'll make it Chi-Town!

Those $70 million says a lot about what NYC is in the world. Nobody would pay such an huge amount of money for an apartment in any other metropolis in the world I think. NYC is just it! Even an apartment in HK with views over victoria harbour to HK-island can't beat this by far!

The record for a London "apartment" is £28 million (c$52 million), set earlier this year for one in an early Twentieth Century university building in Manresa Road Chelsea. That's an actual achieved price, not an asking price. When I passed that way a few months ago the building had been stripped to its rather wonderful Queen Anne style shell and interior reconstruction was just getting underway. The views from the apartment won't equal those from the one on the top of The Pierre though, as it is on the ground floor, but it does have a small garden :)

The record for a house in London is £70million, paid earlier this year by the steel tycoon Lakshmi Mittal for a house in Kensington Palace Gardens. The record may be broken by another house in the same road some time as Mittal's house is actually on the less desirable side of the street, and it isn't the biggest house in the road either.

Personally I'm surprised that the top end of the Manhattan market doesn't extend a little further, ie to 20,000+ square foot apartments at $100 million or more.

New record...

Reuters

Murdoch Poised to Pay Record $44 Million for NY Pad

http://www.theage.com.au/ffximage/2004/12/17/18MURDOCH_ent-lead__200x298.jpg
Mr Murdoch's new home on Fifth Avenue.

Fri Dec 17, 2004 01:47 PM ET

By Larry Fine

NEW YORK (Reuters) - Apartment hunting in Manhattan can trigger depression for the budget-minded, but these are heady times at the top end as The New York Times reported on Friday that media mogul Rupert Murdoch is set to buy a Fifth Avenue triplex for $44 million -- in cash.

Murdoch, the billionaire chairman of the News Corp, has agreed to pay the asking price for the late Laurance Rockefeller's 20-room penthouse across from the Central Park Zoo, the newspaper said.

The deal marks a new high for the dizzying Manhattan real estate market, where the average selling price of an apartment now tops $1 million.

"For a million dollars you can say you're lucky to get a good two bedroom," said Kirk Henckels, director of the high-end Stribling Private Brokerage.

Henckels described Murdoch's future flat as "obviously one of the iconic apartments in New York," but added that the tycoon faced more costs for his dream home.

"It is going to need a total renovation," Henckels said. "But the bones are magnificent."

The apartment on the 14th, 15th and 16th floors of 834 Fifth Avenue has 8,000 square feet of living space and some 4,000 square feet of terraces. The price would eclipse the $42.25 million paid last year by financier David Martinez, who combined two condominiums in the new Time Warner Center.

"People are definitely responding to trophy apartments that have great views and great outdoor spaces," said Mary Rutherfurd of real estate firm Brown Harris Stevens that is handling the sale of the Rockefeller apartment.

Citing confidentiality agreements, Rutherfurd would not confirm 73-year-old Murdoch as the buyer. She did reveal that the monthly maintenance costs of the apartment exceed $21,000.

Murdoch, whose company owns Fox Broadcasting and Twentieth Century Fox among other properties, would still have to pass another test: approval by the co-op board of the building, whose tenants include former Sotheby's chairman Alfred Taubman and Broadway impresario Harold Prince.

http://wwwi.reuters.com/images/mdf797915.jpg
A general view of 834 Fifth Avenue in New York, where media billionaire Rupert Murdoch, the chairman of News Corporation, has agreed to purchase an apartment from the late Laurance S. Rockefeller for $44 million, the highest price ever paid for a residence in Manhattan. The triplex apartment is on the 14th 15th and 16th floors and is roughly 8,000 square feet with 20 rooms.

Not too shabby.

It's good to see Australians have been buying top NYC apartments! :) A bargain buy for Murdoch! It's a shame Lady Mary Fairfax sold her beautiful New York property - I'd never do anything like that! :cheers:

VH1's Fabulous Life of... had this russian heiress and her TWC apartment :)

I know someone who bought a 16 million dollar apartment on 70th floor of trump world tower. it takes up half a floor!

I know someone who bought a 16 million dollar apartment on 70th floor of trump world tower. it takes up half a floor!

Did they let you see it?!

yup! its f***ing fantastic!!! the views are incredible, ive only been once but it was awesome. the apartment is massive!