It turns out you don't have to be a billionaire to snag an apartment on the so-called "Billionaire's Row"—all you need is a couple hundred million dollars to throw around. The triplex penthouse at new luxury building at 520 Park Avenue will be offered for sale for $130 million. Which really makes that $118.5M Battery Park penthouse look like a nightmare emporium.
Developer Arthur Zeckendorf, of Zeckendorfz Development Co., told Bloomberg News that the penthouse will total 12,394 square feet, with a 1,257-square-foot terrace and Central Park views (which may or may not cast a shadow over Central Park). "We wanted to create what we consider the greatest apartment on the Upper East Side," said Zeckendorf.
While "greatest" may be open to interpretation, it is being called the most expensive listing in NYC history. "In the best-case scenario, it is providing a bold stroke to the market, implying that there are buyers out there for this price point," Jonathan Miller, president of appraiser Miller Samuel Inc., noted. But for the rest of us who are not in that price point, 520 Park Avenue, which is located between 60th and 61st streets, will also include some other options, including seven duplexes (all around 9,000 square feet each) starting at $67 million and 23 single-floor units (around 4,600 square feet each) starting at $16.2 million each.
Of course, if obscene wealth isn't your thing, it's good to know you can still be a player in NYC.
