June’s highest-priced condo deal actually took a bit off the top.
The boutique Carnegie Hill penthouse at 180 East 88th Street closed for 15 percent below the already-reduced asking price, pulling $24.7 million in a cash deal, according to property filings.
The 5,500-square-foot triplex apartment, developed by Joe McMillan’s DDG and represented by Corcoran Sunshine, first hit the market in 2017 at $28 million. In 2022, the asking price was jacked up to $33 million, but was cut down to $29 million by January.
The unit features five bedrooms and four bathrooms and includes 13-foot ceilings with lavish amenities ranging from a private, fob-controlled elevator to heated floors. The apartment offers two powder rooms, a wet bar, a custom staircase between the second and third floors, and 3,500 square feet of outdoor space, not including a 2,100-square-foot roof terrace with uninterrupted views of Central Park and the East River.
Succession fans will recognize the property, which was featured in an opening scene of the fourth episode of the Emmy Award-winning hit series.
Residents of the 47-unit luxury new development can buy space in an underground, temperature-controlled wine cellar. The price runs from $7,500 for upwards of 28 bottles to $15,000 for upwards of 70 bottles, not including the wine. But the building does have an on-call, resident wine specialist.
At 524 feet, the development is the tallest structure north of East 72nd Street — thanks to a zoning loophole that allowed DDG to circumvent the city’s “sliver law.” The firm annexed what local opponents described as a “micro-lot” of 10 feet between the building’s façade and the sidewalk.
That allowed the developer to evade tower-on-base zoning requirements by claiming no street frontage on East 88th Street, instead tossing that square footage to the top, which raised the overall height of the building.
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Residential
New York
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