Far out Friday: Most expensive apartment in the world to be?

by NZ Adviser13 May 2016
A penthouse being built in New York may become the world’s most pricey apartment if a buyer agrees to its asking price of $US250 million (NZ$366 million), according to an article in the Australian Financial Review. 

If it sells at that level, the four-storey home at 220 Central Park South would knock the current record in New York out of the park, scored by Extell's One57 penthouse when it traded for $US100.5 million in January 2015.

The three uppermost floors of the limestone tower will span more than 7000 square metres with stunning views over Central Park. 

Created by merging a more than 3000 square metre duplex with three smaller apartments, the former's $US150 million asking price combines with that of the others, which were each listed in the tens of millions. 

The plans showcase large bedrooms with ensuites and walk-in dressing rooms, with a palatial Great Room on one level, an internal mezzanine, elevators and formal lobby.

A buyer may already have been found according to Vornado Realty Trust, telling local press it is in "negotiation on several deals", with buyers rumoured to be in line for the epic property.

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