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Residential
New York

Kendall Roy’s Carnegie Hill penthouse fetches $25M

At one point last year, developer DDG asked $33M

Kendall Roy with 180 East 88th Street
Kendall Roy with 180 East 88th Street (Macall B. Polay/HBO, Percival Kestreltail, Getty)

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.

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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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Companies and People
Corcoran SunshineDDG PartnersJoe McMillan