The Real Deal New York

Eichner sweetens $48M PH listing at
Madison Sq. Park Tower with extra condos

Two parking spots worth $500K each are also now offered with the pad
June 29, 2017 01:00PM

Ian Bruce Eichner and 45 East 22nd Street #PHA

Ian Bruce Eichner is offering to throw in two condominiums and two parking spots for any buyer willing to drop $48 million on a penthouse at Madison Square Park Tower.

Penthouse A at the Continuum Company-developed tower at 45 East 22nd Street spans just over 7,000 square feet across the two top floors, the Wall Street Journal reported.

The condos that are now offered with the sale are 600-square-foot studios on the lower floor, according to the Post, and are designed for staff or guests. The two parking spaces sell for around $500,000 each.

Sales started at the building, which is being marketed by Douglas Elliman, in 2014. It hit the 50 percent sold mark in October 2015,  but then sales slowed. However, around 75 percent of the building is now sold, according to Eichner, and closings are due to start in the next few weeks.

The penthouse is being sold in “white box” condition, and will likely feature a double-height living room and five bedrooms and five bathrooms. [WSJ]Miriam Hall