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US$150m Manhattan triplex to set luxury-condo record

Published Mon, Feb 23, 2015 · 09:50 PM
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New York

MANHATTAN'S ultra-luxury condo market has a new high-water mark: US$150 million.

That's the price set by developer Chetrit Group for a 21,500-square-foot triplex at the former Sony Building in Midtown, according to documents filed with the New York State attorney general's office. It would be a record for a residential listing, topping a US$130 million offering planned at Zeckendorf Development Co's 520 Park Ave.

As luxury apartments proliferate in Manhattan, builders are offering their premier units at ever-higher prices as a way of standing out from the crowd, said Jonathan Miller, president of New York appraiser Miller Samuel Inc. So far, the highest price ever paid for a condominium in the city is US$100.5 mil…

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