The PH at Ben Shaoul’s 100 Barclay didn’t list for $105M as rumored

PH with massive great room is on the market for $59M

TRD NEW YORK /
Feb.February 01, 2018 12:25 PM

100 Barclay and Ben Shaoul

Developer Ben Shaoul never quite confirmed — or denied — that the penthouse at 100 Barclay would ask $105 million. As it turns out, he’s willing to take a lot less.

Magnum Real Estate listed the 14,500-square-foot duplex for $59 million, or nearly $4,069 per foot, according to the Wall Street Journal. The crown jewel of the spread is a cavernous great room — with 21-foot industrial-style windows — that Magnum says is the largest living room in the city. Measuring 96 feet by 33 feet, the room is longer than an NBA-regulation basketball court.

“Can you imagine having a Super Bowl party there or a mitvah?” Shaoul said to the Journal.

To attract well-heeled buyers, the penthouse has been partially finished — the kitchen and bathrooms are complete — but Magnum left most of the space raw, allowing a buyer to customize the home. The Corcoran Group’s Vickey Barron is marketing the unit, along with Corcoran Sunshine Marketing Group.

Magnum bought the top floors of the Ralph Walker-designed building from Verizon for $274 million in 2013, and scooped up the retail space for $40 million a year later. The developer, and partner CIM Group, have converted the building into 157 units. Shaoul declined to say how many units were sold since launching sales in 2016.

Previous sales at the property have averaged $2,294 per square foot, or $5.26 million, according to StreetEasy. [WSJ]E.B. Solomont


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