While the tiny apartment movement gains momentum, NYC’s richest are still chasing after the largest, most indulgent abodes the city has ever seen. Early next year, the most expensive condo in New York City history will hit the market, to be listed at a whopping $130 million. For that price, the owners will receive a 12,394-square-foot, three-story penthouse apartment at 520 Park Avenue. We’re hoping that the buyers at least have a large family to fill up all of that space efficiently.
The mammoth Upper East Side condo will be the crown in the Zeckendorf Development Company’s 520 Park Avenue property, which is currently under construction and slated for completion in 2017. Bloomberg reports that plans filed with the New York Attorney General’s office show that in addition to the $130 million triplex, the 51-story building will feature 31 apartments, including “seven duplexes of about 9,138 square feet each, starting at $67 million,” and “single-floor units of about 4,600 square feet [that] will start at $16.2 million.”
Details from the developer show that opulence will abound throughout the building, and that “[e]ach residence will feature select-cut solid white oak hardwood flooring in herringbone and overlay patterns and a variety of over 10 exquisite marble treatments. All master bathroom suites will be comprised of two full baths complete with steam showers and soaking tub.” Meanwhile, “[r]esidents and guests will enter 520 Park Avenue through a double arched entrance with a suspended bronze canopy, leading into a soaring lobby with 25′ coffered ceilings and an impressive and welcoming limestone fireplace. Beyond the lobby is a vaulted salon with a fireplace at each end. The floors and walls in the lobby are limestone with French walnut wood in the wall treatment, and satin bronze detailing. A finely crafted Venetian plaster ceiling carries through with the wood accents as well.
While the property is to be listed at $130 million, Zeckendorf hopes to receive around $110 million in the eventual sale. In addition to a massive amount of indoor space, the buyers will receive a 1,257-square-foot terrace with views of Central Park.