Comment on Newest New York “trophy” apartment could list for $250M

The Associated Press, Denver Post: Business
Sun, 05/29/2016 - 10:30pm

Newest New York “trophy” apartment could list for $250M

NEW YORK — Billionaires’ Row. That’s what New York real estate experts call a half dozen new, superluxury skyscrapers overlooking Central Park that are home to some of the world’s most expensive apartments. One penthouse near Carnegie Hall that has sold for a record $100.5 million seems almost a bargain compared to what will soon come on the market: a $250 million, 23,000-square-foot, four-story apartment towering over the park. Who’s buying such extravagant apartments in residential buildings that are up to 96 stories high, with massive panoramic windows and double-height ceilings? About half of them are foreigners seeking what one real estate agent calls “the trophy buildings of our era.”

 

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