New York Penthouse's Price Could Reach Record Heights



We thought the $88 million that a Russian oligarch's daughter is set to pay for a Manhattan apartment would hold the record of most expensive NYC purchase for some time to come. After all, it did shatter the previous record of $53 million -- what J. Christopher Flowers shelled out for the Harkness Mansion in 2006.
But a recent Wall Street Journal report regarding a super-luxury penthouse slated to open its gilded doors for one lucky magnate sometime in 2013 suggests that this year's mind-boggling sale may be seriously outdone in only two years time.

The 90-story ONE57 tower that will be erected on West 57th Street opposite Carnegie Hall will house an $110 million penthouse overlooking Central Park, the Journal reports. The ask of the unit was recently raised by 12 percent, a price hike that observers attribute to Ekaterina Rybolovlev's recent $88 million purchase of Former Citigroup CEO Sandy Weill's Central Park penthouse.

The penthouse will occupy the top two floors of the residential skyscraper and will feature a "grand salon" overlooking Central Park. An even larger duplex, priced at $105 million, will sit about 15 floors below the penthouse and will stretch 13,554 square feet.

The announcement follows a string of staggeringly expensive home sales in 2011. In addition to Ekaterina Rybolovlev's Manhattan purchase, Yuri Milner, another extremely wealthy Russian, may have set a national record by dropping a cool $100 million for a residence in Los Altos, Calif., this past March. Throw in Petra Ecclesone's $85 million purchase of Candy Spelling's manor and you've got quite a big year in the high-end market




















Also see:
Melania Trump's Golden Penthouse

Celebrity Real Estate Trends of 2011

More on AOL Real Estate:
Find out how to calculate mortgage payments.
Find homes for sale in your area.
Find
foreclosures in your area.
Finds homes for rent in your area.
Read Full Story

Can't get enough real estate news?

Sign up for Finance Report by AOL and get everything from celebrity homes to renovation tricks delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

Find a home

Buy
Rent
Value
Powered by Zillow