Reduced! $125 Million Pierre Penthouse Now Asking Just $63 Million

Posted On Thu, January 29, 2015 By

Posted On Thu, January 29, 2015 By In Cool Listings, Interiors, Upper East Side

Desperate times call for desperate measures? This dazzling former home to eccentric stock investor Martin Zweig has just received a near 50 percent price cut by the late investor’s widow, Barbara Zweig, who is now asking a mere $63 million. The 41st floor co-op at the Pierre first hit the market in 2013 for what would have been a record-breaking $125 million, but the home didn’t sell—even after being slashed to $95 million in December 2013. Now it looks like Zweig just wants to rid herself of the property which occupies the top three levels of the Pierre.

The penthouse is the highest prewar co-op apartment in Manhattan, meaning not only do you have views of the skyline, but you’re also part of the skyline. But that’s not to discount the 360-degree vistas of the city, which include all of Central Park. So, will someone bite at $63 mill?

795 Fifth Avenue, The Pierre, highest prewar coop in Manhattan, Martin Zweig’s former apartment

Inside, the 16-room triplex has two bedrooms; a paneled library, multiple sitting rooms; a study; three kitchens, including a professional chef’s kitchen and a kitchenette; and staff’s quarters…and that’s just on the first floor.

The second level has the hotel’s original ballroom, complete with soaring 23-foot, double-height ceilings; and four separate terraces on each corner of the building, two of which belong to what looks like an insane master suite by the looks of the floor plan. The third floor has two more large bedroom suites with walk-in closets. One of the rooms even has a dressing room and a sauna. The rest of the third floor is open to the massive ballroom below.

795 Fifth Avenue, The Pierre, highest prewar coop in Manhattan, Martin Zweig’s former apartment 795 Fifth Avenue, The Pierre, highest prewar coop in Manhattan, Martin Zweig’s former apartment

The Pierre is a landmark hotel with residences in the upper level. It was built in 1928 at the site of the original Elbridge Gerry mansion, and is the tallest prewar building on Central Park. Penthouse residents will enjoy all the benefits available to hotel guests, including a two-person staff, around-the-clock room service and concierge services, attended elevators, valet parking, and access to fitness and business centers.

[Listing: 795 Fifth Avenue, PH by Mary K. Rutherfurd and Leslie R. Coleman of Brown Harris Stevens]

[via CityRealty]

Photos courtesy of Brown Harris Stevens

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Neighborhoods : Upper East Side

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