Manhattan’s trophy condo towers have secret penthouses that aren’t for sale… at least not yet because they need to be priced. Could there be another mansion hiding in the clouds that’s worth $250M, like the one Extell recently unveiled at Central Park Tower?
Marketproof analyzed some of the premium unpriced units in New York City’s most prestigious developments. We gave them a potential price tag based on current pricing in the building (adding a premium for outdoor space), and here’s what we see.
(Note: all prices here are projections. Actual prices may vary.)
$37M Penthouse at The Cortland
Related Companies hasn’t priced the penthouses at their lastest Robert A.M. Stern masterpiece, The Cortland. The pinnacle of that collection is PH25W, a 5-bed, 5.5-bath mansion with 5,412 square feet and a nearly 600 square foot private terrace. This unit could ask $37M. More here >>>
$45M Penthouse at One High Line
One High Line (formerly known as The XI) has 8 unpriced penthouses. The largest in the collection is PH26, a 6-bed, 8.5-bath across 6,925 square feet with a massive 4,353 SF private outdoor space. What will Witkoff ask for this unit? It could be $45M based on how other units have been priced, taking that massive terrace into account. More here >>>
Duplex at Waldorf
Typically developers hold back a small selection of inventory to test the market. At The Towers of the Waldorf Astoria, Dajia US has a different strategy – nearly 80% of the 375 units in this high-profile historic conversion are currently unpriced. That includes residence 5102, a 4-bed, 6-bath mega duplex with 6,495 SF and a 3,121 SF terrace. The price is too early to project. More here >>>
$154M Central Park Tower Penthouse
One floor below the sky-grazing $250M jewel box at Central Park Tower is residence 127, which could be the city’s next mega-penthouse listing. Spanning 11,535 square feet with 8 beds and 9 baths, this unit has the potential to command $154M. More here >>>
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