The Real Deal New York

CitySpire penthouse comes online for $100M

July 27, 2012 04:30PM

CitySpire tower, the $100M penthouse and Steven Klar

A penthouse condominium hit the market today asking $100 million — and it’s not even in a new building. Steven Klar, the president of Long Island real estate developer the Klar Organization, put his 8,000-square-foot triplex apartment at CitySpire up for sale today through Prudential Douglas Elliman brokers Raphael De Niro and Victoria Logvinsky.

“Art is what people are willing to pay for, and an apartment like this is like a piece of art,” Klar told the New York Times. The unit, at 150 West 56th Street, has six bedrooms and nine bathrooms spread across the 73rd, 74th and 75th floors, and comes with 3,000 square feet of wrap-around terrace space. The listing also includes a guest suite on the 72nd floor.

Klar bought the apartment raw in 1993 for $4.5 million from the lender that took control of the tower from developer Ian Bruce Eichner. Klar was brought in, along with Zeckendorf Realty, to complete the building and market the remaining units, but he fell in love with the penthouse that Eichner originally built for himself, and purchased it.

Now, he wants to capitalize on the strong market for trophy properties and sell his unit, which is the most expensive apartment on the market in the city. He also had family reasons to sell, he said, including a fear that his young son would walk out onto the terraces — a realistic concern considering they are the highest ones in the city, according to De Niro. [NYT]

3 Responses to “CitySpire penthouse comes online for $100M”

  1. July 27, 2012 at 4:34 pm, 3CPO said:

    What a crock of——-give me some of whatever they are smoking…this is a second rate building in a second rate location

  2. July 28, 2012 at 12:28 pm, Charlotte said:

    OMG 100M at City Spire?
    OK who will be the fool to pay?
    There is always one out there and all he needs is one.LOL

  3. May 16, 2013 at 8:03 pm, Raging Realtor said:

    It’ll sell. May of 2025

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