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Bloomberg

A triplex penthouse at a tower under construction on Manhattan's Upper East Side will be offered for sale at US$130 million, making it New York's most expensive apartment listing.
The 12,394 sq ft property will span the top three floors at 520 Park Avenue, where sales of the development's 31 apartments will begin in the first quarter of next year.
The building, between 60th and 61st streets, will include seven duplexes of some 9,138 sq ft each, starting at US$67 million, according to the plans. Single-floor units of about 4,600 sq ft will start at US$16.2 million.

The triplex would be the most expensive listing for an apartment in New York history, Jonathan Miller, president of appraiser Miller Samuel, said. "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," said Miller.
Developers of lower Manhattan's landmark Woolworth Building are seeking US$110 million for the penthouse atop the 58-storey tower.
The triplex at 520 Park Avenue, slated for completion in 2017, will be the largest on the Upper East Side, Arthur Zeckendorf, of its developer, Zeckendorf Development, said. The unit also has a 1,257 sq ft terrace with views of Central Park to the north.
"We wanted to create what we consider the greatest apartment on the Upper East Side," said Zeckendorf, co-chairman of the company with his brother, William Lie Zeckendorf.
The asking price works out to about US$10,000 a square foot, which is the average resale price of condos that face the park at the Zeckendorfs' 15 Central Park West, he said.


Yours for US$130 million: triplex to be New York's priciest flat

The 12,394-square-foot property will span the top three floors at 520 Park Avenue, where sales will begin the first quarter of next year. Photo: Zeckendorf Development LLC and Seventh Art


Arthur Zeckendorf (left) and his brother, William Lie Zeckendorf

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World

A triplex penthouse at a tower under construction on Manhattan's Upper East Side will be offered for sale at US$130 million, making it New York's most expensive apartment listing.
