If the rumors become true, Martin Zweig’s Pierre penthouse could be New York’s most expensive penthouse. A triple-storey penthouse on top of one of New York’s Pierre hotel is about to hit the market and break the record books by going on sale for a whopping $120 million.
The apartment has not yet been officially listed. But if it is listed for more than $100 million, it will become the most expensive apartment for sale in New York City.
This 12,000-square-foot triplex with a ballroom, four terraces, and views of Central Park, was owned by Martin Zweig, a stock investor and market, expert who died last month at the age of 70 and was well-known for predicting the 1987 stock market crash. As property website Curbed reports, one broker once called the ballroom: ‘The most important room in private ownership in New York City.’
The penthouse was originally purchased for just $21.5 million back in 1999. In 2004, the place failed to sell when listed for $70 million. We’ll see if the price of $120 million is good enough for new owner.
The Pierre hotel at the east 61st Street, has 75 apartments and permanent residents have included Elizabeth Taylor and Yves Saint-Laurent.