Pierre Hotel penthouse slashes price to $95M

TRD New York /
Dec.December 24, 2013 10:48 AM

The 16-room penthouse at the Pierre Hotel, which initially came to market at an extravagant $125 million, has chopped its asking price to $95 million.

The co-op triplex at 795 Fifth Avenue was listed by the wife of the late stock titan Martin Zweig in April with Elizabeth Sample, Brenda Powers and Serena Boardman of Sotheby’s International Realty. The apartment boasts 360-degree views of Manhattan and was once the ballroom of the Pierre.

The 24 percent price chop makes the home the fifth-priciest current listing in Manhattan, the New York Daily News reported.

Top market observers disagree on whether the apartment warrants its still-lofty asking price, according to the News.

“It’s priced to shock more than to sell,” Miller Samuel CEO Jonathan Miller told the newspaper. But Kirk Henckels, the director of Stribling Private Brokerage, said it was a bargain at that price. “It’s one of the great rooms in New York, like owning the Rainbow Room,” he said. [NYDN]Hiten Samtani


Related Articles

arrow_forward_ios
Clockwise from top left: Former rail tycoon James Evans' waterfront estate in East Hampton lists for $60M, Water Mill waterfront home sees price dip below $18M, a modern Sagaponack home hits the market at $9.5M and East Hampton's "White House" gets a $3M price cut.

Former RKF chief appears in Southampton court, Water Mill waterfront home’s price drops below $18M & more Hamptons real estate news

32 Windmill Lane in East Hampton

All aboard! Former rail tycoon’s Hamptons estate pulls in $60M ask

Developer ditches plan for South Fork wind farms, Southampton estate sells for half its initial ask & more Hamptons real estate news

Developer ditches plan for South Fork wind farms, Southampton estate sells for half its initial ask & more Hamptons real estate news

Phil Simms and 930 Old Mill Road in Franklin Lakes

Former New York Giants quarterback drops back ask for New Jersey home

The Apaquogue in East Hampton

For the first time in a century, this East Hampton home is on the market

Newark office building sold in an OZ, Garden State’s industrial market stays hot & more North Jersey real estate news

Newark office building sold in an OZ, Garden State’s industrial market stays hot & more North Jersey real estate news

Sotheby’s expands in Greenwich by absorbing top local broker’s shop

Sotheby’s expands in Greenwich by absorbing top local broker’s shop

Qatar Sotheby's International Realty General Manager Seran Gheorghe, and a view of Doha, Qatar

Sotheby’s to open new brokerage in the Middle East

arrow_forward_ios
Loading...