Wilbur Ross cuts price of Billionaires’ Row penthouse for the third time
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Wilbur Ross cuts price of Billionaires’ Row penthouse for the third time

March 3, 2017

The U.S. Senate voted 72 to 27 last week to confirm billionaire investor Wilbur Ross as Commerce Secretary. And now that he’ll be busy renegotiating the terms of Nafta and defending allegations of his questionable ties to Russia, the “King of Bankruptcy” is ramping up efforts to sell his ostentatious Billionaires’ Row penthouse. Curbed reports that the 14-room, “European-style” apartment first hit the market in 2015 for $21 million, then got a price chop to $18.5 million at the end of last year, and has now been reduced again to $16.5 million, less than the $18 million he paid for it in 2007.

“For those desiring an exquisite, sumptuous and elegantly executed home with beautiful proportions, natural light, and generous outdoor space/terraces – this 5,573sf penthouse is unequaled,” gushes the listing. Indeed, the home boasts five wood-burning fireplaces, lacquer and silk walls, and lots of wood-panel finishes.

The double-height main living room has nearly 20-foot ceilings, barrel-vaulted ceilings, and access to a huge, wrap-around terrace (in total, the unit comes with 1,847 square feet of outdoor space). Adjacent is a library and dining room that has enough room to seat 30 guests.

The kitchen, of course, has high-end appliances including a wine cooler, double fridge, six-burner stove with a grill, and Subzero beverage center. It also has a stainless steel island and black granite counters.

The master bedroom also has access to the terrace, where floor-to-ceiling glass doors open to a lattice-covered seating area and outdoor fireplace. The master is outfitted with two dressing rooms and an en-suite bath completely bathed in marble.

On the upper level are a den and another large terrace.

[Listing: 171 West 57th Street, PH by Carrie Chiang of the Corcoran Group]

[Via Curbed]

Images courtesy of the Corcoran Group

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All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.

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