Just a week earlier, news about financial expert, Martin Zweig's penthouse atop the Pierre Hotel hitting the listing market was doing the rounds. It was estimated to be listed at $120 million. However, the posh residence has exceeded expectations and the listing price has been fixed at $125 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.
The house is listed with agents Elizabeth Lee Sample and Brenda S. Powers of Sotheby's International Realty. The two agents had assisted Zweig in his 1999 purchase as well. Sample said that the $125 million price was not easy to ascertain.
"We based it on the highest-priced comparable co-ops and condos recently sold in New York City but because this is a one-of-a-kind penthouse, it was hard to set a price because nothing really compares. I think of it, and I believe the buyer will see it, as a work of art," Sample said to the New York Times.
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.
Check out the photos of the penthouse here.
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. 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.
