Record price sought for New York's Woolworth Building penthouse

[NEW YORK] Lower Manhattan's landmark Woolworth Building, once the tallest skyscraper in the world, is setting another record.

Developers are seeking US$110 million for the penthouse apartment in the pinnacle of the 58-storey tower, a proposed offering plan filed with New York State Attorney General Eric Schneiderman's office shows. That's the highest-ever asking price for a condominium in downtown Manhattan, according to Jonathan Miller, president of appraiser Miller Samuel.

"The price is more reflective of the unique historical nature of the property" than its location or the heated luxury market, Mr Miller said. "We've seen rapid absorption downtown, but this project is unlike anything that's come online."