Penthouse Life News

Feb

RUSSIAN BILLIONAIRE BLASTS RECORDS WITH A $88 MILLION PURCHASE OF NEW YORK PENTHOUSE


Posted on: Sunday Feb 19 2012

RUSSIAN BILLIONAIRE BLASTS RECORDS WITH A $88 MILLION PURCHASE OF NEW YORK PENTHOUSE

15 Central Park West, formerly owned by the retired head of Citigroup Inc. is now the most expensive apartment in New York. It passed from the hands of Sanford I. Weill to a trust established in the name of Ekaterina Rybolovleva, the 22 year old daughter of Dmitry Rybolovlev, a Russian billionaire who currently resides in Monaco.


The president of brokers Brown Harris Stevens, Hall F. Wilkie, confirmed that the sale had closed at the full asking price. He is quoted as saying that he understands the buyers will keep the custom-designed space as it currently stands, which includes an oval bedroom, and a study panelled in Brazilian rosewood. The penthouse also benefits from a wraparound terrace with views over Central Park.


The $88 million price paid is 66% above that of the previous record sales and generated close to $2.5 million in city and state taxes. Not only did it produce a windfall for tax take but also provided a record commission on a residential sale ,equating to about $3.5 million for two brokers at Mr. Willkie's firm. Kyle W. Blackmon represented Mr. Weill, and Maria Torresy represented the Rybolovlev Trust, brokers said.
This exceptional sale shows the growing trend of international buyers in New York over the past few years. Russian and Chinese buyers are completing on Many of the units at One57, a new 1,004-foot tower under construction on West 57th Street,
The previously biggest recorded condo deal was in 2007, when developer Harry Macklowe spent $51.5 million on a series of apartments at The Plaza Hotel. The last record residential sale in Manhattan was the 2006 purchase of a townhouse for $53 million on East 75th Street by J. Christopher Flowers, a private-equity investor.

The SA CommercialProp News reported that a spokesman for Mr. Weill didn't return a call requesting comment on the sale, but understand that he is planning to donate the proceeds of 15 Park West to a charity.

 
Dec

MIAMI BEACH PENTHOUSE TOWERS ABOVE RECENT SALES


Posted on: Wednesday Dec 14 2011

MIAMI BEACH PENTHOUSE TOWERS ABOVE RECENT SALES

You'll currently find Penthouse Villa A riding high above the Setai Resort and Residences on Collins and 20th Street in Miami, in more ways than one. The two-storey mansion with its 6,209 sq. ft. of floor space closed for a cool $21.5 million, making it one of the top sales of its kind in recent memory.

This 'mansion in the sky” has 22-foot ceilings, three bedrooms and 2.5 baths ,all themed with a traditional Thai motif. This fabulous home also features unique and antique furnishings, floor-to-ceiling glass windows, custom woodwork, and a rooftop terrace with superb panoramic views of the Atlantic.

Not surprisingly, there is also garaging for 4 vehicles and the new owner has access to the Setai’s five-star amenities. These include concierge service, 24-hour room service, valet, restaurant and bar and of course a signature fitness center with a spa and three pools.

The property had originally been listed for $27 million via Eloy Carmenate, the listing agent, executive VP with One Sotheby’s International Realty. The buyers were represented by Jeff Miller sales manager with Zilbert Realty Group. The new owners are rumored to be Anne and Kenneth Griffin. He’s the founder/CEO of Chicago-based hedge fund Citadel LLC. Allegedly, the seller was Jim Clark, the billionaire founder of Netscape. However, neither agent would discuss the owners, new or previous, so these facts cannot be corroborated.

Carmenate stated that the property originally sold in 2004 for $9 million prior to construction. In addition he's quoted as saying that,“Being part of Setai, price goes up 30 percent. There isn’t a penthouse like it on the beach that touches the sand,” “What people don’t realize is there’s a very big difference between properties that touch the sand and those don’t.”

Now has that whet your appetite for your own penthouse mansion in the sky? Then you are in luck. Carmenate has another: an 8,400-square-foot penthouse (with a 7,000-square-foot rooftop terrace) at the Michael Graves designed 1500 Ocean Drive. The asking price: $25 million and your new neighbors will include Dallas Maverick's owner Mark Cuban, and Carmenate.