Woolworth Building Penthouse Sets Lower Manhattan Record at $110 Million


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NEW YORK (TheStreet) -- Developers are asking for a record $110 million for the penthouse apartment of the iconic Woolworth Building in New York, which is the most expensive price in history for a condo in lower Manhattan, according to a report from Bloomberg.

VIDEO TRANSCRIPT:

If you're in the market for a room with a view, the penthouse apartment of the iconic Woolworth Building in Manhattan is available for a cool $110 million.

That's the most expensive price in history for a condo in lower Manhattan, according to a report from Bloomberg. The report said that upper floors of the landmark building are being converted into luxury apartments that start at $3.5 million for a 1,200-square-foot unit on the 44th floor, according to plans filed with New York State Attorney General Eric Schneiderman's office.

The plans said the penthouse measures nearly 9,000 square feet and features a nearly 600-square-foot terrace. It has four bedrooms, a private elevator, a wine cellar, library or media room and an observation deck.

Real estate appraiser Jonathan Miller told Bloomberg that it's unclear the market will support the $110 million price, as it's the first at that price point downtown. 

In New York, I'm Brittany Umar for TheStreet.

-- Written by Brittany Umar in New York.

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