While some say co-ops have seen their day and are now fading from the forefront of the luxury market, don’t count the standard blue-blood abodes out yet! Songwriter Denise Rich has put her co-op on the market for the staggering price of $65 million, The Post reports, making it the most expensive co-op on the market.
Evidently, the 20-room spread at 785 Fifth Avenue is too big for Ms. Rich, who lives in the apartment alone. With seven full bedrooms and 11 baths, we’re inclined to believe her.
Were the 12,000-square-foot place to sell at or even close to its asking price, it would supplant Rupert Murdoch’s triplex penthouse at 834 Fifth as the most expensive co-op ever sold—by almost 50 percent. The media mogul paid $44 million in 2005. The deal also outdoes fellow Park Avenue doyenne Courtney Sale Ross, who has listed her 30-room duplex, which has been on the market for $60 million for years.
According to the listing by Corcoran agents Noble Black, Chazz Levi and Bonnie Pfeifer Evans, the co-op is “the largest-ever offering of a Penthouse on Fifth Avenue.” In addition to the mahogany doors, 11-foot ceilings, library and professional recording studio, the home features two wrap-terraces and a roof space with room for 200.
Basically, you could die in this place and no one would find you for years. But that would never happen, of course, because we’re certain a daily maid service comes through to polish the billiard balls and buff the marble floors until they shine like the top of the Chrysler building.
eknutsen@observer.com
Is she going to donate the proceeds to a SUPER PAC, or split them with Marc?