< All Press

Sky-High Downtown: New York TriBeCa Penthouse Lists for $42 Million

A 7,200-square-foot penthouse in New York’s TriBeCa neighborhood has listed for $42 million.

A luxury apartment in New York’s trendy TriBeCa neighborhood will run you a cool $42 million. Lauren Schuker Blum has details. Photo: 250 West Street.

The four-bedroom, five-bathroom apartment sits atop 250 West St., a 12-story condominium development by El Ad Group where sales launched in 2011. The penthouse, one of three condos left for sale in the 106-unit building, was held off the market until this month.

On three of its sides, the 12th-floor penthouse has floor-to-ceiling sliding glass panels that open onto a 4,350-square-foot wraparound terrace. The unit has protected views of the Hudson River, the Statue of Liberty and the Empire State Building.

The private terrace has a Jacuzzi, an outdoor kitchen and barbecue, as well a children’s play area. The penthouse has a private entry through wrought-iron gates and a private lobby, which has room for a car as well as staff and personal security. From there, a private elevator rises into the penthouse.

The penthouse also comes with all the amenities available to residents at 250 West St., including a doorman, a library, a 61-foot-long indoor pool, a sauna, a fitness center and a children’s playroom. There’s also an interior courtyard and a 5,000-square-foot landscaped rooftop with a separate sun deck lounge. “It’s like having a private mansion in Manhattan, with all the advantages and amenities of an apartment building,” says Richard Cantor, principal of Cantor & Pecorella, the sales and marketing firm for 250 West St.

Condo sales in TriBeCa and adjacent SoHo have gone up, with the average sales price rising by 17.5% in the past year to $3.08 million in 2012 from $2.62 million in 2011, according to real-estate appraiser Jonathan Miller.

Ariana Meyerson, managing director at Cantor & Pecorella, has the penthouse listing.

Get Weekly Insights and Research

Housing Notes by Jonathan Miller

Receive Jonathan Miller's 'Housing Notes' and get regular market insights, the market report series for Douglas Elliman Real Estate as well as interviews, columns, blog posts and other content.

Follow Jonathan on Twitter

#Housing analyst, #realestate, #appraiser, podcaster/blogger, non-economist, Miller Samuel CEO, family man, maker of snow and lobster fisherman (order varies)
NYC CT Hamptons DC Miami LA Aspen
millersamuel.com/housing-notes
Joined October 2007