penthouse New York

A historic Fifth Avenue penthouse crowned by a spectacular gold dome has hit the market at $25 million, offering a rare opportunity to own one of Manhattan’s most distinctive residences.

The 5,777-square-foot property at 170 Fifth Avenue occupies the top two floors of the 1898 Beaux-Arts building, featuring five bedrooms, five bathrooms, and a stunning two-story octagonal cupola that has become an architectural landmark in its own right.

“There’s nothing of this kind in that price bracket,” says Sotheby’s listing agent Lawrence Treglia. Most comparable properties are found in modern developments, making this offering uniquely appealing to buyers seeking authentic New York character.

The penthouse’s sole owner since 2001, philanthropist Gregory C. Carr, who acquired the property for $7.5 million, has announced that proceeds from the sale will fund educational initiatives in Mozambique.

Historic Charm Meets Modern Luxury

Originally home to the Sohmer Piano Company, known for pioneering baby grand pianos in the 1880s, the building predates its famous neighbor, the Flatiron Building, by four years. Designed by renowned architect Robert Maynicke, whose portfolio includes several landmark Manhattan properties, the structure’s narrow 29-foot width and 120-foot length create uniquely proportioned living spaces.

The penthouse’s architectural highlights include:

360-degree city views from the gold-domed cupola
A grand wrought-iron spiral staircase
An open-concept kitchen with skylights
Marble-finished bathrooms
Private roof deck access

Investment Potential

The property’s asking price represents a significant premium over its 2001 sale, reflecting both extensive renovations and the area’s transformation into one of Manhattan’s most desirable neighborhoods. Its position adjacent to the iconic Flatiron Building adds significant landmark value to the investment.

“It’s really buying a true old New York piece of property,” notes Treglia, emphasizing the penthouse’s unique position in the luxury real estate market. The combination of historical significance, architectural distinction, and prime location makes this offering particularly noteworthy for collectors of prestigious Manhattan real estate.

Photo credit (Social Media):
170 5th Avenue | Street Easy | Sotheby’s International Realty

Get ready for a luxury and glamorous adventure in the heart of Chelsea!

Located at 200 11th Ave, a building renowned for housing celebrities like Nicole Kidman, Domenico Dolce, and Diana Widmaier Picasso, it is now capturing attention with a new real estate offer. This extraordinary paparazzi-proof Chelsea duplex even had its moment in the spotlight during a Vogue photoshoot back in 2015. The Chelsea duplex, spanning an impressive 2,364 square feet, offers ample and sophisticated space, but what truly sets it apart is the private sky garage situated at the same level as the apartment. You can park your car in style without having to descend into an underground parking lot. And all of this can be yours for the price of $9 million, nearly double what it was purchased for in 2010 when it was acquired through the Perdita Real Estate LLC for $5.52 million. The sellers, David Levy and Amanda Bowman, are well-known for hosting numerous charity events in their residence. However, their generosity extends beyond that. In 2015, the same year they were featured in Vogue, they decided to donate a custom-built mansion from 1996, located in Sloatsburg, NY, to the Archdiocese of New York. Initially listed for $8 million in 2009, they later lowered the price to $3.5 million, but still had no takers. Ultimately, their altruistic spirit led them to donate the residence.

The West Chelsea home boasts towering 24-foot-tall ceilings, creating an atmosphere of elegance and grandeur. The panoramic view of the Hudson River adds a touch of enchantment to the overall picture. The design of the residence is truly a sight to behold, with window walls and French doors overlooking the splendid Hudson River panorama. These features have not only caught the attention of Vogue but have also been featured in prestigious design magazines like Casa Vogue and New York Design Magazine. The interior is equally stunning, with folding teak doors that open up to a chef’s kitchen, making it a haven for even the most discerning cooks. The main bedroom suite, situated on the top floor, ensures the utmost comfort and privacy. The spa-like bathroom is a true oasis of relaxation, while a sliding pocket door leads to a third bedroom suite with its own private bathroom. This real estate gem is a testament to the luxury and extraordinary lifestyle of its inhabitants. It presents a unique opportunity to immerse yourself in the elegance and prestige of one of the most coveted areas of New York City. If you’ve ever dreamt of living like a celebrity, don’t miss out on this opportunity, as time is precious, and this dream residence could soon become your exclusive retreat!

Source: New York Post