The 16 room triplex that takes up the 41st, 42nd and 43rd floors of the legendary Pierre Hotel has finally sold for $44 million, a huge drop from its original $125 million asking price. Located at 795 Fifth Avenue, the penthouse was owned by Barbara Zweig, the widow of financier Martin Zweig, who first listed the property in 2013 after her husband’s death. According to The Real Deal, the pad features a library, four terraces, private elevator and costs $51,840 per month to maintain.
795 Fifth Avenue
As 6sqft asked when the 39th floor at The Pierre Hotel at 795 Fifth Avenue hit the rental market two years ago, if you’ve got the cash, why buy when you can rent for $6 million a year? Now that opportunity to refresh your enormous outlay every month is again seeking a renter at $500,000/month, keeping its title as the city’s most expensive rental. The massive 4,786-square-foot space has merely a butler’s kitchen, but the assumption is, of course, that you wouldn’t want to be slaving over a hot stove in a full-service hotel anyway. And that service includes twice-daily maid service, an on-call physician, room service, two restaurants and a chauffeur-driven Jaguar.
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?