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Cool Listings, Financial District

Rendering of the Pinnacle via Williams New York

When the neo-Gothic Woolworth Building was erected in 1913 as the world’s tallest building, it cost a total of $13.5 million. Now, 104 years and a partial condo conversion later, its massive, seven-story penthouse has hit the market for an exorbitant $110 million. The Wall Street Journal first got wind of the not-yet-public listing, which could be the most expensive sale ever downtown, far surpassing the current $50.9 million record at Chelsea’s Walker Tower. Dubbed the Pinnacle for its location in the 792-foot tower’s iconic green copper crown, the penthouse will encompass 9,710 square feet and boast a private elevator, 24-foot ceilings, a 400-square-foot open observatory, and views in every direction, from the World Trade Center to New Jersey to the East River.

More details ahead

Featured Story

Features, Financial District, History

cass gilbert sculpture, cass gilbert woolworth building, cass gilbert sculptures, woolworth building sculptures, faces of the woolworth building

The 101-year old Woolworth Building has been in the news quite a bit lately, especially since it was first announced that the top 30 floors would be turned into 34 apartments; one of which is a nine-story penthouse is expected to hit the market for a record $110 million. But the Woolworth has long been at the center of New York life with its storied past and lofty 792-foot height.

It cost $13.5 million to erect the tower in 1913, and the building was the world’s tallest when it first debuted. Though a number—50 to be exact—have surpassed it in height, the Woolworth Building has remained one of the world’s most admired for its detailed and compelling ornamentation. Like other prestigious companies of its time, Frank W. Woolworth wanted something unforgettable and the building’s architect, Cass Gilbert, certainly delivered. The tower is filled to the brim with mosaics, stained-glass, golden embellishments and of course tons of those carved faces and figures.

See the faces of the Woolworth building

Financial District, New Developments

Woolworth Tower Residences, Woolworth Building

Rendering of unit 31A terrace

First came the floorplans for the $110 million penthouse, then the first set of interior renderings, and now we have a new sneak peak inside the highly anticipated Woolworth Tower Residences.

The Post has profiled unit 31A, a four-bedroom, full-floor unit on the market for $26.4 million. And along with a written description–“a kitchen with all the modern conveniences, a massive formal dining room, hidden bars, a library and…two terraces to enjoy the view from 31 stories up”– come two new renderings, those of the terrace and the kitchen.

More details ahead

Real Estate Wire

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  • Yesterday we got a sneak peek at the penthouse floor plan of the Woolworth Building. Now floor plans for several other units have emerged. [TRD]
  • New Yorkers are loving Long Island City. Rockrose’s 709-unit, 42-story rental in Court Square is now fully leased. [TRD]
  • Sales at 325 Lexington Avenue will launch this fall. [Curbed]
  • Arlene Farkas’ duplex at the River House will be auctioned off September 3rd. The co-op board blocked Farkas’ $7.8M sale to a French ambassador, leaving her tied up with $6M in debt. She’s begging lenders to give her 60 days to find another buyer. [NYDN]
  • Could this be the site of the Williamsburg Apple Store? [Gothamist]

A Woolworth Building floor plan (left); The rumored Apple Store site (right)

Financial District, New Developments

woolworth pricing 2014

It looks like Alchemy Properties‘ plan to price the penthouse at the Woolworth building for $110 million has been approved by the New York Attorney General’s office, making it one of the most expensive listings to ever hit the downtown market at $11,700 per square foot. According to The Real Deal, who got a first look at the floor plans, the unit will be called the “Pinnacle” and host 9,400 square feet with about 500 square feet of outdoor space.

More plans and pricing this way

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