A triplex penthouse at the Pierre Hotel, located on Manhattan’s Upper East Side near the Central Park, has finally found a buyer. But the seller, had to make a whopping $81 million concession from her original ask, $125 million, in 2013.
A buyer, under the umbrella of 795 Properties LLC, paid $44 million for the 16-room, 12,000-square-foot penthouse, per property records made public Tuesday.
Although the price is by no means a small amount, the buyer got a great deal relative to ask. The sales price was 64.8% less than the original listing price, and 22.8% off the last listing price of $57 million in April 2016. Plus, the penthouse was renovated in 2015 after it failed to sell at $63 million.
Owner Barbara Zweig, widow of late financier Martin Zweig, hired staging company Interior Marketing Group in the fall of 2015 to give the home "a more contemporary living style," listing agent Mary K. Rutherfurd of Brown Harris Stevens told The Wall Street Journal in 2016. She has been handling the listing with her daughter Leslie R. Coleman.
They declined to comment on the sale.
The penthouse, spanning the top three floors—41st to 43rd floors—at the Pierre Hotel, has five bedrooms, seven bathrooms and a living room with soaring ceilings that was once the hotel’s ballroom. It has 360-degree views of Central Park through expansive windows and four terraces at each direction. A private elevator lands to all three levels, according to the listing.
The exterior of the penthouse
Brown Harris StevensMrs. Zweig bought a $12 million apartment in the same building after her husband’s death in 2013. She couldn’t immediately be reached for comment.
The couple purchased the residence in 1999 for $21.5 million, a price record at the time, The New York Times reported.
Built in 1929 and converted into a co-op in 1958, the Pierre hotel offers residents a slew of luxury services, including two designated staff members provide daily maid service, a 24-hour room service and concierge service, a gym and valet parking.