In a testament to New York’s resilient luxury real estate market, the highest residential perch on Manhattan’s iconic Fifth Avenue has secured a buyer at its full asking price of $11.5 million. This swift sale, occurring just months after the property’s market debut, signals continued robust demand for ultra-luxury properties in prime Manhattan locations.
Positioned at a staggering 880 feet above Midtown Manhattan, Penthouse 80 at 520 Fifth Avenue stands as a monument to architectural ambition and luxury living. The building itself, rising 1,002 feet, claims the title of Fifth Avenue’s tallest residential tower, marking a new milestone in the storied avenue’s evolution.
The 2,562-square-foot full-floor residence, crafted by celebrity-favored design firm Charles & Co. (whose portfolio includes projects for George and Amal Clooney), exemplifies the pinnacle of urban luxury. The penthouse’s design capitalizes on its unprecedented elevation with nearly 13-foot ceilings and sophisticated arched windows that frame panoramic views of Manhattan’s architectural landmarks, from the Empire State Building to Central Park.
“The exceptional sales velocity at 520 Fifth Avenue, with 90% of units now sold, underscores the enduring appeal of premium Midtown properties,” notes Donna Puzio, senior sales director at Corcoran Sunshine Marketing Group. The remaining inventory includes just two penthouses and select residences, suggesting a rapidly closing window of opportunity for potential buyers.
The penthouse’s interior appointments reflect its market positioning, featuring a chef’s kitchen adorned with honed Taj Mahal quartzite countertops and custom walnut cabinetry. The primary suite, boasting three exposures and a marble-clad bath, epitomizes modern luxury living.
Source: New York Post