The most expensive home for sale in NYC is a $98 million penthouse that spans 5 full floors and come

Posted by Tobi Tarwater on Monday, October 7, 2024
Updated

A New York City penthouse that spans five floors and sits just a block from the Empire State Building has is for sale for $98 million, making it the most expensive publicly listed home in the city.

Called "Le Penthouse," the midtown Manhattan condo hit the market in June and has 19,000 square feet of interior space as well as about 4,500 square feet of outdoor space. 

"To my knowledge, 'Le Penthouse' at 172 Madison Avenue is the most expensive home for sale in the current NYC market," listing agent Raphael Sitruk of Keller Williams NYC told Business Insider.

Business Insider cross-checked the listing across sites including Zillow, Trulia, and StreetEasy and was not able to find any other listings that exceeded Le Penthouse's $98 million price tag. The real-estate appraiser and market analyst Jonathan Miller confirmed in June that it's the most expensive active listing in the city.

While "Le Penthouse" is the priciest home publicly listed, it's possible there are more expensive homes for sale in the city via "whisper listings" that you'll only discover by word-of-mouth.

Here's a look inside the priciest public listing in New York City.

A $98 million penthouse on Madison Avenue is the most expensive home for sale in New York City.

Keller Williams NYC

Source: Keller Williams NYC

The condo is in midtown Manhattan, just a block from the Empire State Building.

Google Maps

Source: Keller Williams NYC

172 Madison Avenue is a 33-floor luxury tower with 69 homes that comes with amenities including a full-time doorman, a spa and gym, a 67-foot lap pool, a Jacuzzi, a yoga room, and a lounge complete with a billiards table.

Google Maps

Source: 172 Madison Avenue

The condo spans five full floors at the top of the tower, with ceiling heights reaching up to 23 feet.

Keller Williams NYC

Source: Keller Williams NYC

It has more than 19,000 square feet of interior living space and 4,500 feet of outdoor space, including terraces and a private roof deck.

Keller Williams NYC

Source: Keller Williams NYC

The apartment will come as a "white-box" unit, which means it comes unfurnished and without any finishings or appliances so that the buyer can customize everything to his or her tastes.

Keller Williams NYC

Source: Keller Williams NYC

"It's like having an infinite white canvas and designing the unique apartment you're dreaming about," listing agent Raphael Sitruk of Keller Williams NYC told Business Insider.

Keller Williams NYC

Source: Keller Williams NYC

Renderings of the apartment show what could be done with the space, like installing an expansive wine room.

Keller Williams NYC

Source: Keller Williams NYC

The condo comes with a nearly 3,000-square-foot wraparound private roof deck with a pool and hot tub.

Keller Williams NYC

Source: Keller Williams NYC

According to the listing agent, the condo's sky-high price tag is justified because of its "super-central location," the 360-degree views, and the private roof deck. "This space is unique and never seen anywhere before," Sitruk told Business Insider.

Keller Williams NYC

Source: Keller Williams NYC

Senior Features Reporter Katie is a senior reporter on Business Insider's features team.Before joining Insider in 2018, Katie was an intern at NBC-owned TV stations, Chronicle in Cape Town, South Africa, and The Local in Paris, France. She has a master's degree in International Reporting from the CUNY Graduate School of Journalism. Katie can be reached at kwarren@businessinsider.com.Selected stories:Read more Read less

ncG1vNJzZmivp6x7o8HSoqWeq6Oeu7S1w56pZ5ufonyvsdZmsKiqm2KwqsDYZqSoq6Risrm8xKeqoq6VYrWwucRmp56mpJ28tr%2FEZqehp6SkwG5%2Bj2pwZm4%3D