Real Estate Weekly
Image default
Residential

Featured deal: Fifth Avenue sale to set price psf record

A penthouse at 400 Fifth Avenue has just gone to contract for $12 million.
The closed deal would set a new price per square-foot record in the building and surpass the neighborhood average.
According to data from Miller Samuel, the average price per square foot for a three-bedroom in Midtown West was $1,484 per square foot in 2013, and the penthouse sold for $3,644 per square foot.

Toni Haber

Toni Haber of Douglas Elliman brokered the penthouse sale. 400 Fifth is situated above Langham Place, Fifth Avenue.
The unobstructed views are what really sealed the deal for the buyer — Haber says they are arguably the best penthouse views in Manhattan. “That and the hotel amenities, which include a full spa and the Michelin-Starred Ai Fiori restaurant,ˮ added the broker.
The developer, Bizzi & Partners, also recently sold two of the three penthouses at its new project, The Leonard.

Related posts

Boutique Luxury Rental Le Leo Opens in Jersey City, NJ’s Reenergized Journal Square

REW

LCOR announces the launch of leasing at Sage, National Landing’s newest residential complex

REW

Hines Names The Ritz-Carlton as Luxury Residential Brand for Boston’s South Station Tower Project

REW