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Overpriced or Right-Priced? Drunk on Weill Sale, Lower Floor 15 CPW Spread Wants $35 M.

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By Elise Knutsen 12/20/11 4:56pm
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  • The nanny's room, complete with kitchenette so she doesn't have to use the family cookware to make her own meals.
    Start The Slideshow

    In the wake of the 15 CPW penthouse saga, a not so small listing in the same building has hit the market and gone relatively unnoticed. Unit 15B just hit the market for a whopping $34 million, and while the price is significantly less than the record $88 million Mr. Rybolovlev paid for the penthouse, the listing could set a record of its own, assuming, like the Weill penthouse.

    The three-bedroom, three-bath place spans just 3,368-square feet, making the asking price add up to $10,391 per square foot, which would set a new city record and be the first to break five-figures.

    Something seems rotten in the the limestone palace. Another apartment on the 31st floor, a full 16 stories higher than unit 15B, just sold for $24 million this week, and at 3,173-square-feet is just barely smaller than the exorbitantly priced unit downstairs. The buyers ended up paying $7,563 per-square-foot for the high-floor pad. So what on earth would compel Douglas Elliman broker Dolly Lenz to list the lowly apartment for $11 million more than the price most recently paid for a comparable, if not superior, apartment in the same building?

    It seems that 15 CPW is seeing some post-Weill price inflation! Is the new luxury sales motif aim high (and court foreigners)? We called Ms. Lenz to discuss the matter. “I can’t talk about it, but thank you for your call.” Any time!

    eknutsen@observer.com

  • Back Forward This isn't the view from the top: it's merely the fifteenth floor.

    This isn't the view from the top: it's merely the fifteenth floor.

  • Back Forward That doesn look like mahogany to us!

    That doesn look like mahogany to us!

  • Back Forward The kitchen and breakfast room, approximately 380 square feet. That should pay for the kids and grandkids to go to college right there!

    The kitchen and breakfast room, approximately 380 square feet. That should pay for the kids and grandkids to go to college right there!

  • Back Forward Note the warhol print above the kid's bed. Classic.

    Note the warhol print above the kid's bed. Classic.

  • Back Forward You pay extra for that tree-of-life decal.

    You pay extra for that tree-of-life decal.

  • Back The nanny's room, complete with kitchenette so she doesn't have to use the family cookware to make her own meals.

    The nanny's room, complete with kitchenette so she doesn't have to use the family cookware to make her own meals.

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