The investors out there will undoubtedly be familiar with the notion that โelephants donโt gallop,โ and the same can be said with ultra high-end properties of late โ in terms of both value creation and ability to be moved off the market. In the past five years, this has been the recurring theme with residences like The Pinnacle Penthouse located within New York Cityโs iconic Woolworth Building (also see: The One, Americaโs most expensive house). Initially listed for US$110 million / AU$141 million back in 2017, the lavish pad in question now has a significantly lower asking price of US$79 million / AU$130 million. But Godโฆ doesnโt it wear the world well?
Dubbed the โlast great unclaimed spaces in New York Cityโ, as a fixture of what was once the worldโs tallest structure upon completion in 1913, The Pinnacle Penthouse sits 727 feet above ground. Offering a generous 9,680 square feet across five storeys as well as an additional 408 square-foot observatory, thereโd be nary a complaint about having insufficient room for activities. As per Forbes, other top-line features include a total of 125 windows, 24-foot high ceilings, and an in-residence private elevator.
Given how the space is currently being offered as an unfurnished blank canvas, further details about what you can expect outside of the Woolworth Buildingโs key amenities and that nine-figure view have yet to be confirmed. But in an effort to get the imaginations going, developer Alchemy Properties has commissioned some early renderings + floor plan designs from award-winning architectural talents, Thierry W. Despont and David Hoston.
โThe Pinnacle at The Woolworth Tower Residences has been described by some as a โcastle in the skyโ and by others as the โhighest mansion in Manhattan,โโ says Stan Ponte and Joshua Judge of Sothebyโs International Realty.
โHowever, a buyer may think of the space, it is ultimately a home, and the renderings and proposed design by award-winning architect David Hotson allows potential purchasers to understand how they could live in this penthouse of penthouses.โ
โIn particular, David Hotsonโs brilliant use of vertical sight lines, floor plans that maximize light and air, breathtaking floating staircases, and internal elevators have literally elevated the space from a landmark penthouse to a piece of art.โ
White-glove service and amenities of the Woolworth Building include the following:
- Woolworth Pool
- Fitness Studio
- Bike Room
- Gilbert Lounge
- Wine Cellar & Tasting Room
- Resident-Only Lobby
Check out The Pinnacle Penthouse located at 2 Park Place, New York below.
