Sony Building Penthouse Will Ask a Record-Breaking $150M

Posted On Wed, February 18, 2015 By

Posted On Wed, February 18, 2015 By In condos, Midtown East, New Developments

There’s a new priciest listing record in town, and it goes to the $150 million triplex penthouse at the Chetrit Group’s Sony Building condo conversion, according to The Real Deal. The 21,504-square-foot unit will occupy floors 33 through 35 of the 37-story tower at 550 Madison Avenue and have a private elevator, eight bedrooms, eight bathrooms, and ten powder rooms. If it gets what it’s asking for, it will break the record for the current highest condo sale, the $100 million penthouse that sold at One57 last month.

Sony Tower Penthouse, Sony Tower, Chetrit Group, 550 Madison Avenue, most expensive NYC listing

Sony Tower Penthouse, Sony Tower, Chetrit Group, 550 Madison Avenue, most expensive NYC listing

Chetrit will turn floors 14 through 33 of the famed Philip Johnson-designed tower into residential units, taking up 434,778 square feet of the 648,366-square-foot building. There will be retail on the first floor and lower level, a museum annex on the second, third and mezzanine levels, and offices on floors six through 13. It’s also speculated that the overhaul will include a hotel.

The penthouse will be one of 96 ultra-luxury condos in the building, which Chetrit bought for $1.1 billion in 2013. They’re planning a total sellout of $1.8 billion. By comparison, the initial total sellout at One57 was $2 billion, and at 432 Park Avenue it was $2.4 billion. The Sony residence, at $6,975/square foot, beats out the $130 million listing for the penthouse triplex at 520 Park Avenue, which is a whopping $10,489/square foot.

[Related: Chetrit Group Plans $1.8B Sellout for 96 Condos in the Sony Tower]

[Related: Philip Johnson-Designed Sony Building to Get 96 Luxury Condos by Chetrit Group]

[Via TRD]

All floorplan photos courtesy of E.B. Solomont for The Real Deal

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Neighborhoods : Midtown East

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