Martin Zweig's Pierre penthouse residence in fifth Avenue, New York, is about to hit the listing market again. He was the famed financial expert who predicted the "black Monday market crash" of 1987. The home's listing comes just weeks after Zweig's death and it is expected to sell for around $120 million.
Zweig set a record when he purchased the home in 1999 for a whopping $21.5 million. The home was initially put on the Multiple Listing Service in 2003 with a price tag of $7 million, which was taken off the market in 2008, reports Real Estalker.
However, it is set to return to the market with an even larger price tag now.
According to the listing records and the floor plan, the home is a 12,000 square feet triplex penthouse condo sitting atop the Pierre Hotel Building and has a total of 16 rooms. The residence has approximately five proper bedrooms and seven full bathrooms, three large party rooms and an additional maid's room with an attached bathroom.
The triplex residence is spread across the 41, 42 and 43 stories of the building. Private elevators open into the lowermost floor leading into a foyer. The foyer opens into a gallery that gives access to the various atria of the floor. A dining room, living room, a library, two bedrooms, the maid's quarters and two receptions complete the floor.
Giant staircases lead to the second floor where the renowned 2800 square feet grand salon exists. A master bedroom, a sitting room and four terraces on each corner of the floor complete the second level.
The third floor has a huge ballroom and two bedrooms facing the north and the south of the building. Both the bedrooms have large walk-in dressing closets. The floor also has a sauna.
Zweig passed away on his Fisher Island home in Florida on Feb. 21, 2013. He was 70. His death was announced by his firm, Zweig-DiMenna Associates without citing any reasons. Zweig only made one real estate transaction in his life. The Pierre Building penthouse was the most expensive purchase in the history of New York at that time, reports New York Times.
