Pierre hotel penthouse could top market at $120M

New York /
Mar.March 13, 2013 11:30 AM

The co-op apartment of Martin Zweig, the late investor who predicted the 1987 stock market crash, is about to hit the market and could bring $120 million or more, a source told the New York Post.

The 12,000-square-foot triplex penthouse is in the Pierre hotel at 795 Fifth Avenue. Its features include nine bedrooms, four terraces, six fireplaces, heated marble floors and a “grand salon” — a cavernous former hotel ballroom with 23-foot ceilings.

If the apartment lists for $120 million, it would be New York City’s most expensive listing. A commercial building at 66 East 11th Street is primed for residential conversion; the Greenwich Village structure,  being marketed by Douglas Elliman’s Dolly Lenz, is listed at $120 million, according to Streeteasy.com.

Right now, there are two  listings for $95 million each — one at the  Sherry Netherland and the other at 15 Central Park West.

In 2007, the Zweig apartment briefly went on the market for $70 million, listed with  Sharon Baum of the Corcoran Group and a team headed by Elizabeth Sample, who was with Brown Harris Stevens at the time. [NYP]Christopher Cameron


Related Articles

arrow_forward_ios
15 Central Park West and 37 Warren Street (Google Maps, Compass)
15 Central Park West notches another turn atop Manhattan’s luxury contracts
15 Central Park West notches another turn atop Manhattan’s luxury contracts
1165 Madison Avenue (Google Maps, iStock)
February wrapped Manhattan luxury market’s record-breaking start to 2022
February wrapped Manhattan luxury market’s record-breaking start to 2022
Guo Wengui and 781 Fifth Avenue (Getty, Serena Boardman)
Bankrupt Chinese tycoon’s Lenox Hill penthouse lists for $45M
Bankrupt Chinese tycoon’s Lenox Hill penthouse lists for $45M
TV producer Norman Lear (Streeteasy, Getty Images)
Good times: Norman Lear sells 15 CPW unit for $17.5M
Good times: Norman Lear sells 15 CPW unit for $17.5M
2 East 88th Street, 220 Central Park South, Central Park Tower & 15 Central Park West (Wikipedia, Central Park Tower, City Realty, iStock, Illustration by Kevin Cifuentes for The Real Deal)
In a banner year for NYC’s luxury market, these 10 priciest sales led the way
In a banner year for NYC’s luxury market, these 10 priciest sales led the way
Sheikh Sultan A. Al Qasimi and 15 Central Park West (Google Maps)
Tax lien triggers foreclosure filing on sheikh’s 15 CPW unit
Tax lien triggers foreclosure filing on sheikh’s 15 CPW unit
Sherry-Netherland Hotel at 781 Fifth Avenue and Guo Wengui (Credit: iStock)
Chinese fugitive willing to take $12M loss at Sherry-Netherland
Chinese fugitive willing to take $12M loss at Sherry-Netherland
781 Fifth Avenue (Credit: StreetEasy, Beyond My Ken via Wikipedia)
Full-floor Sherry-Netherland pad relists — at nearly half its 2015 ask
Full-floor Sherry-Netherland pad relists — at nearly half its 2015 ask
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...