A duplex residence in Manhattan’s prestigious Pierre Hotel bequeathed by late financier Lionel Pincus to his long-time companion, Princess Firyal of Jordan, has returned to the market for $70 million.
The 14-room home has been lingering on the market since 2014 with the same price tag, although the listing has changed brokerages a couple of times. This time it’s co-exclusively listed by Serena Boardman of Sotheby’s International Realty and John Burger of Brown Harris Stevens, both of whom previously handled the sale.
The renovated duplex apartment is situated high atop the Pierre Hotel, with panoramic views of Central Park and the Manhattan skyline.
It has five bedrooms, five bathrooms, a corner living room, a formal dining room and a library spanning 42 feet along Fifth Avenue. The two master bedroom suites have marble bathrooms, wood-paneled dressing rooms and sitting rooms.
The home also features hardwood floors, custom design details and state-of-the-art lighting and technology systems throughout, according to the listing posted Thursday.
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The residence was once entangled in a controversy between Pincus’s sons and his long-time companion, Ms. Firyal.
The late Lionel Pincus, founder of the private equity firm Warburg Pincus, bought the two apartments on the 30th and 31st floors in late 1990s and early 2000s for $22.6 million. He and Ms. Firyal, rented other apartments in the building while they were combining and renovating the two into a more luxurious duplex, according to published reports.
When Pincus became physically and mentally incapacitated in 2006 following a cancer surgery, Henry and Matthew, his two sons with his first wife, actress and former Miss Utah Suzanne Storrs, became his guardians.
They decided to sell the residence for $50 million and donate the proceeds to charity. However, Ms. Firyal tried to block the sale in court. The two parties litigated for two years until they settled around the time Pincus died in 2009 at 78. The duplex went to Ms.Firyal.
She put it on the market for $70 million in 2014 with Ms. Boardman. In 2015, she assigned the listing to Mr. Burger. All three couldn’t immediately be reached for comment.
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The Pierre hotel, built in 1929 and converted into a co-op in 1958, offers two designated staff members that provide daily maid service, a 24-hour room service and concierge service, a gym and valet parking.
The most expensive home in the building, a triplex penthouse listed for $125 million in 2013, changed hands recently for $44 million, a $81-million discount. The new owner was identified by The New York Post as Howard Lutnick, chief executive of Wall Street firm Cantor Fitzgerald.
Other noted residents in the building include fashion designer Tory Burch, former Disney chairman Michael Eisner and hotelier Richard Hilton, according to property records.