REAL ESTATE
UNSURPASSED views of C
entral Park’s real estate dominance is known worldwide; the neighborhoods surrounding this legendary park supply luxurious residential properties with price tags surpassing the $20 million mark. Today, a trophy penthouse on Fifth Avenue is on the market for an astonishing $125 million. These high-priced trophy residences are fixtures in the luxury real estate market and bold-faced buyers are willing to pay exorbitant prices for residences with panoramic views of Central Park.
15 Central Park West
15 Central Park West
The Plaza Hotel
The Plaza Hotel
t Resident August 2013
15 Central Park West is one of New York’s most prestigious residential addresses. Since sales began in 2005, 15 Central Park West has made headlines for its record-setting sales. Today, these exclusive condos command an average price of $6,700 per square foot. At the moment, there is a lavish 5-bedroom home on the 35th floor with uninterrupted views of Central Park for sale at $85 million. This trophy apartment, which was originally listed at $95 million, is also available for rent at $125,000 a month. Wealthy buyers can choose from a number of other beautiful apartments in the building including a three-bedroom on the 7th floor with park views at $30 million or a five-bedroom home facing Broadway asking $32 million. Coveted residences at 15 CPW have been purchased by celebrities, sports figures, Wall Street titans and billionaires. They include steel magnate Leroy Schecter, Goldman Sachs CEO Lloyd Blankfein, actor Denzel Washington, musician Sting and Nascar driver Jeff Gordon. Star Yankee Alex Rodriguez once rented a residence for $30,000 a month and rumor has it that earlier this year he checked out a gorgeous rental overlooking the park. 15 CPW was built in 2008 by developers William and Arthur Zeckendorf and designed by “modern traditionalist” architect Robert A.M Stern who was inspired by the great New York pre-war apartments of the 1920s. Wealthy buyers are attracted to 15 CPW’s exceptional elegance and park frontage. Many of the posh apartments on Central Park come with refined hotel style services. In 2011, Russian composer Igor Krutoy and his wife Olga purchased a 12th-floor condo at the Plaza Hotel for a reported $48 million, which the New York Post identified as the highest price for a New York City condo at the time. Today, a grandiose 6,319 square feet, four-bedroom penthouse encompassing the 19th, 20th, and 21st floors with direct views of Central Park is asking $59 million. For $52 million, buyers can acquire a 5,850 square foot, corner fourbedroom residence on the 8th floor—both setting new record-highs in
The Pierre Hotel Penthouse