Penthouse on Top of Chelsea’s Walker Tower Sold for $50,9 Million

A stunning penthouse on top of Chelsea’s Walker Tower sold for whopping $50,9 million. This glass-sheathed sets a new record for the most expensive home sale downtown, by beating the $42 million penthouse that sold last year at 18 Gramercy Park South. Luxury unit at the pinnacle of the 1929 Art Deco skyscraper that underwent a ballyhooed conversion from iconic office building to 47 luxury condominiums is called Penthouse One. The asking price was $55 million; monthly carrying costs are $9,361.81. Chelsea penthouse sells for $50.9 million the 5,955-square-foot penthouse features five bedroom and five and half bathrooms. Nestled on the 24th floor of building, it provides magnificent views in every direction from the interior and exquisite south-facing vistas from the 479-square-foot terrace. So, new owner has unobstructed view of the Statue of Liberty, the Chrysler Building and the Empire State Building. The unit also has nearly 13-foot-high coffered ceilings and three wood-burning fireplaces. The apartment was listed in September for $55 million, and went into contract less than a month later, according to Ms. Barron, who represented both the buyer and seller. The only sponsor unit still available at Walker Tower is the penthouse’s slightly larger downstairs sibling, Penthouse Two on the 23rd floor; the asking price for that five-bedroom, five-and-a-half-bath residence, whose terrace faces north, is $47,5 million. The Walker Tower has been an icon of the New York skyline ever since its completion in 1929 to the design of Ralph Walker – named ‘architect of the century’ by the New York Times in 1957. More than half a century on and the Walker Tower has just been gloriously restored by developers Property Markets Group and JDS Development Group who paid a mere $27m for the property but spent another $200m taking out the dull cubicles – and turning them into 47 luxury apartments. Now the building’s heavy steel framed structure and concrete casing have drawn an exclusive clientele who are considering paying a premium price for their privacy. Chelsea penthouse sells for $50.9 million

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