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The Penthouse at The Pierre Hotel Finally Has a (Sky-High) Asking Price

The price excludes the penthouse's fine art and furnishing, but the luxuries of the home more than make up for it.

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The Penthouse at The Pierre Hotel Finally Has a (Sky-High) Asking Price

edenpictures via Flickr

A view of the Pierre Hotel.

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Martin Zweig's penthouse at the Pierre Hotel finally has an asking price: $125,000,000, making it the most expensive property on the New York City market, reports the New York Times.

 
This comes after some difficulty in deciding how to price the home, since Zweig died in February. The penthouse was once owned by J. Paul Getty, who bought it in 1938 and turned it into a co-op in 1959.
 
“We based it on the highest-priced comparable co-ops and condos recently sold in New York City, but because this is a one-of-a-kind penthouse, it was hard to set a price because nothing really compares. I think of it, and I believe the buyer will see it, as a work of art," said Elizabeth Lee Sample of Sotheby's International, whose name is on the listing.
 
It had previously been reported that the asking price would be $100 million to $120 million.
 
The price excludes the penthouse's fine art and furnishing, but considering the fact there are five bedrooms and six bathrooms, a 360-degree view of the city, a Swedish sauna on the top floor, four corner terraces, and five wood-burning fireplaces, surely the future owner won't mind. 

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