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Real Estate
Sarah Jackson
2023-05-03T15:45:39Z
- A $250 million penthouse hit the market in 2022, becoming the most expensive home in the US at the time.
- It lost the record when its price dropped to $195 million, but one thing remains true: It's the world's tallest residence.
- See inside the apartment, located 1,416 feet above the city in a skyscraper on Billionaires' Row.
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The world's tallest, most expensive residence is no longer a record-holder in the price department after a hefty cut, but one thing's for sure: It's definitely still the tallest home in the world.
We're talking about the penthouse, aptly nicknamed The One Above All Else, in New York City's Central Park Tower, a luxury skyscraper on Billionaires' Row.
Advertisem*nt The triplex first hit the market in September 2022, listing for $250 million. If it sold at that price, it would've become the priciest home sale in US history, overtaking Citadel CEO Ken Griffin's purchase of a $238 million penthouse at Central Park South, also in New York, in 2019. But after a year on the market without any bites, the penthouse in Central Park Tower saw its price slashed to $195 million, and it could no longer claim the record if it sold at that price. Advertisem*nt Its height, of course, remains unchanged: At 1,416 feet above the city, it's the world's tallest residence, occupying floors 129 to 131. Here's a closer look inside the world's tallest home:
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A new residence has taken the title of tallest home in the world.
It's located in New York City on none other than Billionaires' Row.
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Billionaires' Row refers to a stretch of the city along the southern edge of Central Park, home to some of the richest people in the world. It's the site of eight luxury skyscrapers, one of which is Central Park Tower ...
... which is where we find our latest jaw-dropping residence.
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The tower itself has 131 floors.
It's 1,550 feet tall. (The Empire State Building, for context, is 1,454 feet tall when you include its antenna.)
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This makes Central Park Tower the tallest residential building in the world and the second-tallest building in the US, after One World Trade Center.
The penthouse there listed for a whopping $250 million in September 2022.
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It occupies the top three floors of the tower, floors 129-131, soaring 1,416 feet above the city. It's so tall that apparently you're able to see the curvature of the earth with the naked eye from its terrace.
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The residence has seven bedrooms, eight bathrooms, and three powder rooms.
On the 129th floor, you'll find a 1,500-square-foot grand salon (pictured here), library, media room, guest and staff bedrooms, observatory, and private reception gallery.
On the middle floor are most of the bedrooms, as well as a gaming lounge and multiple dressing rooms.
The 131th floor has a massive private ballroom of nearly 2,000 square feet, in addition to a study, storage spaces, private gym, catering kitchen, and the terrace. This the highest ballroom and highest terrace in the world.
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All told, the triplex boasts 17,545 square feet of interior space and 1,433 square feet outside.
Did I mention it has 27-foot-high ceilings?
Beyond those three floors, whoever lives in the penthouse will also have access to plenty of amenities elsewhere in the building.
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If we head down those 130 floors, we'll reach the lobby, where we find a communal lounging space and this chandelier made of 2,000 crystal pieces.
The chandelier, in fact, marks the first New York City residential commission from glass art company Lalique in more than 100 years.
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Going up several floors, we find ourselves at the 14th floor.
There are plenty of communal lounging spaces here as well.
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They get lots of natural light during the day.
There's also a movie theater.
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When we step outside, we find a 60-foot-long outdoor pool ...
... with views of nearby buildings.
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There's also a private outdoor park.
Helpful for those moments you need to take a step back from the city and seek out some peace and quiet.
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Going up two floors, to 16, we find more recreational spaces.
There's an indoor basketball court ...
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... a gym ...
... and another pool, though this one is indoors.
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After taking a much longer elevator ride, we get to the 100th floor.
On this floor, we'll find the pinnacle of Central Park Club, a residential club that's the highest private club in the world.
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There's a grand ballroom, sky lounge, private bar and restaurant with menus created by Michelin-starred chefs ...
... there's also a wine cellar and cigar humidor.
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Ryan Serhant, the listing agent for the penthouse, previously told Insider's Zoe Rosenberg of the property: "It's massive. It's insane. I've never seen anything like it."
Source: Business Insider
But for all the luxury of the penthouse and the building's many amenities, the $250 million listing price has still proven to be a tough ask.
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The most expensive home sold in New York City in 2022 — a penthouse at 220 Central Park South — went for nearly $190 million, still a ways away from the asking price for Central Park Tower's penthouse.
Source: The Real Deal
This story was originally published in September 2022.
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As a seasoned real estate expert with extensive knowledge of luxury properties and skyscrapers, I can provide an in-depth analysis of the article discussing the $250 million penthouse in New York City's Central Park Tower. My expertise in real estate, particularly in high-end residential properties and architectural marvels, allows me to shed light on various aspects of this record-setting penthouse.
The article revolves around the "The One Above All Else," a penthouse that, despite its initial $250 million listing price, faced challenges in finding a buyer, leading to a substantial price drop to $195 million. Here's a breakdown of the key concepts and details mentioned in the article:
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Location and Building:
- The penthouse is situated in Central Park Tower, part of Billionaires' Row in New York City.
- Billionaires' Row is a stretch along the southern edge of Central Park, known for housing some of the wealthiest individuals globally.
- Central Park Tower is a luxury skyscraper with 131 floors, making it the tallest residential building globally and the second-tallest building in the US, after One World Trade Center.
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Penthouse Details:
- The penthouse occupies the top three floors of Central Park Tower, specifically floors 129 to 131.
- It boasts a height of 1,416 feet above the city.
- The residence includes seven bedrooms, eight bathrooms, and three powder rooms.
- The triplex covers 17,545 square feet of interior space and an additional 1,433 square feet outside.
- Features a 27-foot-high ceiling, a grand salon, library, media room, gaming lounge, dressing rooms, a private ballroom, private gym, catering kitchen, and a terrace with views allowing the observation of the curvature of the earth.
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Amenities:
- Residents of the penthouse have access to various amenities in the building, including communal lounging spaces, a 60-foot-long outdoor pool, a private outdoor park, an indoor basketball court, a gym, and an indoor pool on the 16th floor.
- The building also houses a residential club named Central Park Club, located on the 100th floor, which features a grand ballroom, sky lounge, private bar and restaurant, wine cellar, and cigar humidor.
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Challenges and Market Comparison:
- The penthouse faced difficulty in selling at its initial $250 million listing price.
- Despite being the most expensive home at the time, it struggled to surpass the sale of a $190 million penthouse at 220 Central Park South in 2022.
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Listing Agent's Perspective:
- Ryan Serhant, the listing agent for the penthouse, expressed amazement at the property, describing it as massive and insane.
In summary, this penthouse not only holds the title of the world's tallest residence but also offers an unparalleled level of luxury and amenities. However, its journey in the real estate market reflects the challenges even high-end properties face in finding buyers at their initial asking prices.