High life: Nearly an entire floor of penthouses could be yours

New York Daily News

Looking for the ultimate playpen in the sky? Try these swanky midtown apartments Read more: http://
April 12, 2012

A penthouse at Park Imperial on 230 W. 56th St.

It may not be Wall Street bonus season, but it might be prime time to plunk down a fortune for the ultimate playpen in the sky.

Three of four 70th-floor penthouse apartments are up for grabs at the Park Imperial, the midtown residential skyscraper that’s home to Deepak Chopra, P. Diddy and actor Christopher Meloni, who recently listed his apartment. If combined the grand home would be 5,300 square feet and cost a cool $21.94 million. That’s a good $93 million less than the 10,000- square-foot, $115 million penthouse down the street in the new luxury condo ONE57.

Who said midtown isn’t hot?

“Million Dollar Listing New York” agent Ryan Serhant and his business partner, Nick Jabbour, have two of the four penthouses, listed for $8.795 and $7.895 million.  Sule Haskell at Prudential Douglas Elliman has the third penthouse listed for $5.25 million. The fourth penthouse owner doesn’t want to sell - but that could change with something called an offer he can’t refuse, which a buyer could make to own a full floor of a luxury building in one of the highest residential towers in the city.

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If you had to pick just one, the more expensive two-bedroom penthouse A would be our choice. It’s got 50 linear feet of 27 floor-to-ceiling windows, displaying views of Central Park laid out like a runway before you. It’s high enough that you get views of both rivers surrounding Manhattan.

Wake up to sweeping views of Central Park.

The floors are dark Panga Panga hardwood, and the living room has a wood-burning fireplace. The kitchen is decked out with high-end Sub-Zero and Bosche appliances, onyx tile and thick gray granite countertops.

Since Serhant and Jabbour sold a three-bedroom, 2,292-square-foot apartment a floor below in February for $7.85 million - a 91% markup from its purchase price in 2005 - they are confident in the potential of the building.

“The market has picked up incredibly, especially for luxury products,” Serhant said. “People who have been sitting on cash are now looking to pick up very nice apartments that are still at a discount. All these big apartments are being sold at what sounds like huge numbers, but if the market was really roaring it would be much more expensive.”

And dropping all that money in a neighborhood that’s not traditionally associated with luxury living? The two say that with projects like the Time Warner Center apartments, ONE57 and the Centurion, the perception of the area is changing.

“I’m bullish on midtown,” Jabbour said. “I have clients that tell me they are only looking at the upper West Side or upper East Side, and then I take them down here and they love it.”

Source: High Life Entire Floor New York Penthouse

Fifty Feet of Central Park Panorama from 70-stories in the Sky Fifty Feet of Central Park Panorama from 70-stories in the Sky
No photo available
The Park Imperial
Ryan Serhant Ryan Serhant
Licensed Associate Real Estate Broker
Nick Jabbour Nick Jabbour
Licensed Associate Real Estate Broker licensed as "NICHOLAS E JABBOUR"