Penthouse inside historic Central Park South tower’s copper roof to be auctioned off

Posted On Tue, November 17, 2020 By

Posted On Tue, November 17, 2020 By In Central Park South, Cool Listings

All renderings courtesy of Concierge Auctions and Nest Seekers International

A three-level penthouse apartment in a Billionaires’ Row building with pre-approved, construction-ready designs will hit the auction block next month. Currently listed for $40 million and appraised at $100 million after renovations, the apartment at 150 Central Park South will sell with no reserve to the highest bidder during an online auction hosted December 18 to December 22 through Concierge Auctions. Plans from SPAN Architecture call for a five-bedroom, five and a half bathroom penthouse with four terraces and unobstructed Central Park views.

The planned home sits within the dramatic steeply-pitched copper roof of the Hampshire House, a 37-story co-op completed in 1940 that faces Central Park. General contractor SilverLining and SPAN Architecture’s design plan, which has been pre-approved, won Interior Design Magazine’s award for Best of Year resideintial project in the “On the Boards” category in 2018.

“This is the ultimate trophy property. All of the work has been done in advance for the next owner, including award-winning plans by a renowned team of architects and designers,” Peter Pelsinski, principal of SPAN Architecture, said. “Only here, in the middle of Billionaire’s Row, can you get these views. You literally feel like you’re in the Park, and that’s something almost no one—if anyone—else has.”

Measuring nearly 10,000 square feet across floors 37 through 39, the penthouse boasts glass walls, oversized windows, and skylights. There’s also over 1,000 square feet of outdoor space in the form of four private terraces, with one off the main bedroom that overlooks Central Park. Other perks include a 36th-floor waiting room, a private elevator, attic space, and other building-wide amenities, like a doorman and concierge, fitness center, valet parking, and a spa.

According to a press release, the residence has carrying costs of $5,000 per month. “The discerning buyer will have a really large penthouse with beautiful 360-degree views and dramatic outdoor terraces facing Central Park—all with the unparalleled, virtually unheard of, low carry costs of approximately $5,000 per month; anywhere else would be typically upwards of $60,000 or more in just real estate taxes alone,”Shawn Elliot of the Elliot Team and Nest Seekers International said.

“I’m confident that whomever is fortunate enough to win this property on auction day will likely never trade it again, making it a true once-in-a-lifetime opportunity that simply will never exist again.”

Real estate investor Arnon Katz bought the penthouse and the rights to develop the two floors above it for $22 million in 2014. Katz later tapped SPAN to design the one-of-a-kind residence. The apartment has been appraised at $100 million upon completion of the renovation, which is expected to cost between $15 and $20 million.

“Years of passion and knowledge went into the planning, design, and obtaining of the permits necessary to offer this extraordinary offering,” Katz said. “There is absolutely nothing else like it in the world, and this is what makes it truly special.”


All renderings courtesy of Concierge Auctions and Nest Seekers International

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