New York penthouse fetches US$88 million record-setting price

Jonathan ChancellorFebruary 21, 2012

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The highest-ever residential sale in New York City closed last week for US$88 million. It was the penthouse apartment at 15 Central Park West, which sold at full asking price.

Ideally situated in the heart of Manhattan, the four-bedroom residence features views of Central Park, a wraparound terrace, an oval bedroom and a study panelled in Brazilian rosewood.

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It’s been reported it was sold by a retired American banker to the family of a Russian billionaire – from Sanford I. Weill, the former head of Citigroup Inc., to a trust for Ekatarina Rybolovleva, a 22-year-old college student and daughter of Dmitry Rybolovlev, a Russian now based in Monaco who made a fortune in potash fertilizer.

The previous record residential sale in Manhattan was the 2006 purchase of a townhouse on East 75th Street by J. Christopher Flowers, a private-equity investor. The largest condo deal was the $51.5 million purchase of a series of apartments at the Plaza Hotel by developer Harry Macklowe in 2007.

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Brown Harris Stevens represented both sides of the transaction – senior vice president Kyle W. Blackmon represented the seller, while Maria Torresy, also a senior vice president, represented the buyer.

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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