New York penthouse sells for US$135mil


The deal for the roughly 12,500-square-foot unit works out to more than US$10,000 a sq ft. — Bloomberg

NEW YORK: A penthouse at Aman New York has sold for US$135mil, making it the most expensive home purchased in Manhattan this year.

The five-storey apartment atop the historic Crown Building on Fifth Avenue was sold as an unfinished space that the buyer is responsible for building out, a spokesperson for developer OKO Group said.

The deal for the roughly 12,500-square-foot (sq ft) unit works out to more than US$10,000 a sq ft.

The transaction tops the US$115mil purchase in June of an apartment at the nearby Central Park Tower.

It’s also Manhattan’s priciest sale since January 2022, when an entity linked to Alibaba Group Holding Ltd co-founders Joe Tsai and Jack Ma closed on a US$188mil unit at 220 Central Park South.

The pair of recent nine-figure deals suggest that even as the median price of apartments sold in Manhattan has fallen from record highs, some super-wealthy buyers still have an appetite for lavish homes.

OKO Group’s in-house residential brokerage team handled the penthouse sale, which closed late last week. A spokesperson for the project declined to disclose the buyer’s identity or to provide photos of the unit. — Bloomberg

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business News

Shedding light on power sector prospects
Building a firm facade
Singapore playing roulette with casino licensing
RHB, CGC in LCTF portfolio guarantee deal
Market struggles to find direction
Bidding big on Malaysian art
Inflation rises slightly in October
EQ expands to Thailand
Capitalising on future trade tariffs
The ringgit recovery

Others Also Read