One of the four unsold penthouses in the Gwathmey Siegel-designed 400 Fifth Avenue has entered contract, The Observer has learned. And according to Douglas Elliman’s Toni Haber, who has the listing, the $12 million asking price to which the buyers agreed was not a penny too expensive. “They got it for $3,644 a square foot,” she said, while comparable penthouses have lately been going for $4,500 a square foot and up—way, way up. “So by comparison, this is a nice buy.” (The contract nonetheless represents a price-per-square-foot record for the building, and the newly-contracted condo was the most modestly-priced of 400 Fifth’s penthouses, all of which are listed with Ms. Haber.) Read More
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