A Pierre One-Bedroom Going for $120,000/Month; Rem Koolhaas Design Coming to the High Line

By Diane Pham

February 17, 2015

A Pierre One-Bedroom Going for $120,000/Month; Rem Koolhaas Design Coming to the High Line

Although someone’s rented out the Pierre’s $500,000/month presidential suite, there’s still a one-bedroom available for $120,000/month. [NYDN]
Rem Koolhaas will design Related’s new building along the High Line. [Architizer]
The Branson at Fifth is the city’s worst ‘illegal’ hotel. [Crain’s]
Rafael Vinoly is designing a townhouse on East 64th Street. [Curbed]
Teamsters have put a Long Island City development site near 5 Pointz up for sale. [TRD]
Demolition at 118 East 59th Street has started to make way for Euro Properties’ first foray into the Manhattan market—a 38-story boutique condo designed by SCDA Architects . [6sqft inbox]

Images: The Pierre apartment up for rent (L); High Line Park. © Iwan Baan (R)

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Tags: 795 Fifth Avenue, High Line, Related Companies, Rem Koolhaas

City’s most expensive rental is back for $500K/month, chauffeur-driven Jaguar included

By Michelle Cohen

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.
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January 29, 2015

Reduced! $125 Million Pierre Penthouse Now Asking Just $63 Million

By Aisha Carter

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?
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Do Not Disturb! Peeking Into the NYC Condo Hotel Market

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Who wouldn't want to be able to order a juicy burger in the middle of the night and have it delivered in mere minutes? Or never have to worry about making the bed or folding sheets ever again (does anyone know how to fold the fitted sheet properly)? How about having an on-call masseuse? This is the life of living in a condo hotel. Today, the city is teeming with these luxurious hybrids. The Residences at the Ritz Carlton in Battery Park City are home to the city's most expensive listing at $118 million. The landmark Plaza Hotel was partially converted to 181 residences in 2008. And let's not forget One57, the 90-story, 52-condo tower that will be the first five-star luxury hotel to rise in New York City in the last ten years. But do the vacation-worthy amenities at these buildings make them dominant in the real estate market?
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$50M penthouse is the last residence available at the Upper East Side’s famed Surrey Hotel

By Aaron Ginsburg

Manhattan's famed Surrey Hotel is making a comeback. Following bankruptcy proceedings, new owners, and a renovation, the 100-year-old Art Deco landmark at 20 East 76th Street on the Upper East Side reopened last month as a condo hotel, with 100 hotel rooms and 14 condos, part of the Surrey Residences. Now, after a whisper sales campaign, just one remaining apartment is about to hit the market: a three-bedroom duplex penthouse asking $50,000,000. The sprawling residence, the building's most expensive, offers 5,195 square feet plus 2,346 square feet across three terraces and a private rooftop.
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