NYC’s biggest-ever price chop? $125M Pierre PH now asks $63M

Triplex now being marketed by Brown Harris Stevens

New York /
Jan.January 29, 2015 08:00 AM

Oh, how the mighty have fallen. Barbara Zweig, widow of financier Martin Zweig, who wanted a record-setting $125 million for her three-floor penthouse co-op at the Pierre Hotel in 2013, will now settle for a paltry $63 million — a price chop of nearly 50 percent.

The $125 million asking price in 2013 was the most expensive apartment listing in New York City history. Elizabeth Sample, Brenda Powers and Serena Boardman of Sotheby’s International Realty had the listing at the time. In December 2013, the asking price was cut to $95 million.

Now, Mary Rutherford and Leslie Coleman of Brown Harris Stevens have the listing, the Wall Street Journal reported. Rutherford told the newspaper that the new price is “right in the middle” of that market.

Martin Zweig, who died in 2013, tried to sell the co-op at 795 Fifth Avenue for years. He sought $70 million for it in 2004, then de-listed it prior to the recession. The apartment features a 23-foot ceiling, four separate terraces, a library and four fireplaces.

A $100.5 million penthouse at One57 broke the record for the priciest condominium sale in December, as The Real Deal reported. [WSJ] — Mark Maurer

 
 

Related Articles

arrow_forward_ios
Rachel Glazer (Credit: BHS)

BHS’ top Downtown agent jumps to Compass

BHS’ top Downtown agent jumps to Compass
BHS’ chief of tech, communications out amid internal shakeup

BHS’ chief of tech, communications out amid internal shakeup

BHS’ chief of tech, communications out amid internal shakeup
Bess Freedman and Robert Reffkin (Credit: Studio Scrivo)

“Unequivocally not selling:” BHS accuses rival of stoking sale rumors

“Unequivocally not selling:” BHS accuses rival of stoking sale rumors
Scott Durkin, president and COO of Douglas Elliman; Bess Freedman, CEO of Brown Harris Stevens

The Covid churn: Inside resi brokerages’ recruiting games

The Covid churn: Inside resi brokerages’ recruiting games
Clockwise from top left: Anthony Marino, Lori Glick, Gabriel Liebowitz, Tamara Marotta, Emma Kerins, Sharron Burroughs-Clarke, Heather Cella and Lauren Schaffer

And the resi “deal of the year” winners are…

And the resi “deal of the year” winners are…
BHS CEO Bess Freedman (Getty)

Brown Harris Stevens to offer loans to clients

Brown Harris Stevens to offer loans to clients
Emily Giske, Scott Durkin, president and COO of Douglas Elliman, Bess Freedman, CEO of Brown Harris Stevens and Pam Liebman, CEO of the Corcoran Group (ERG Advisors, Douglas Elliman, Brown Harris Stevens, Corcoran Group)

NYC’s biggest brokerages take on Albany

NYC’s biggest brokerages take on Albany
Brown Harris Stevens CEO Bess Freedman (iStock)

BHS gives employees Election Day off

BHS gives employees Election Day off
arrow_forward_ios

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

Loading...