Developers really sweetening the pot to sell high-end condos

Yachts, Rolls Royce Phantoms are part of the deal for pricey pads

Penthouse at Atelier at 635 West 42 Street (Credit: River 2 River Realty)
Penthouse at Atelier at 635 West 42 Street (Credit: River 2 River Realty)

Yachts, Rolls Royce Phantoms, private indoor soccer fields, oh my! With the luxury real estate market softening, the perk one-upmanship has reached a new level.

First up is the 10-bedroom, 10,000-square-foot, penthouse condominium at the Atelier tower at 635 West 42nd Street, which was developed by the Moinian Group. Thrown into the deal is a $1 million dollar yacht, two Rolls Royce Phantoms and $2 million in credits to renovate the unit. Amenities at the skinny skyscraper include an ice skating rink, large lap pool, golf-driving range and complimentary breakfast in the morning.

For $85 million, the penthouse, which takes up the 45th floor, is the currently the most expensive on the market, according to the Wall Street Journal.

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No story about pricey pads would be complete without Extell Development’s One57. Last month, it was reported the developer spent at least $1 million to furnish a $20.1 million apartment at the glitzy 94-unit tower. Its sales include the $91.5 million deal last year a group led by hedge fund mogul William Ackman for a duplex on the 75th and 76th floors.

A four-bedroom, 6,240-square-foot unit has 360-degree views that include Central Park, the Hudson and the Statue of Liberty. Asking price is $58.5 million.

Manhattan’s high-end condo market has seen a glut of new luxury developments as lenders are beginning to retreat from the market. [WSJ]Dusica Sue Malesevic