The Real Deal New York

It’s official: Pierre penthouse asks $125M

March 29, 2013 03:30PM

Speculate no longer: the asking price for late stock market pundit Martin Zweig’s penthouse at the Pierre Hotel has been decided, and it’s $125 million, making the home the most expensive on the market in New York City, the New York Times reported.

Elizabeth Lee Sample, Brenda Powers and Serena Boardman of Sotheby’s International, who have the 795 Fifth Avenue listing, told the Times that it was not easy to determine the asking price.

“We based it on the highest-priced comparable co-ops and condos recently sold in New York City,” Sample told the Times, “but because this is a one-of-a-kind penthouse, it was hard to set a price because nothing really compares. I think of it, and I believe the buyer will see it, as a work of art.”

The New York Post previously reported that the asking price would be between $100 million and $120 million.

Of course, the $125 million ask does not include Zweig’s fine art and furnishings. But it does account for five bedrooms and six bathrooms inside the triplex home. The pad also boasts 360-degree views of the city, a Swedish sauna on the top floor, four corner terraces and five wood-burning fireplaces. [NYT]Zachary Kussin