HOUSE OF THE DAY At $118.5 Million, This Giant Ritz-Carlton Penthouse is NYC's Most Expensive Home

Business Insider

Jill Comoletti
June 24, 2014

Three units in the Ritz Carlton Battery Park are selling as one penthouse apartment for $118.5 million, making it the most expensive listing in New York City, according to the Wall Street Journal

The massive penthouse takes up the top two floors of the Ritz Carlton and has indoor space totaling 15,434 square feet, as well as 2,193 square feet of terrace. The three units are not yet combined, but cannot be purchased separately, according to the Journal.

The Journal reports that one of the three apartments is owned by Gary Segal of Five Star Electric in Ozone Park. It was on the market last year for $56.5 million before being taken off. The second of the three apartments is a three-bedroom unit also owned by Segal. 

The final apartment is a four-bedroom, five-bathroom unit owned by financier Randall Yanker. It was listed earlier this year for $23 million, then was taken off the market shortly after its price was lowered to $19 million.

Even if this combined penthouse doesn't sell for its exact asking price, there's a good chance it will become the most expensive home ever sold in New York. A mansion at 15 Central Park West currently holds the record at $88 million.

Ryan Serhant of Nest Seekers International is the listing agent for this property.


The Penthouse Collection at the Ritz-Carlton Downtown The Penthouse Collection at the Ritz-Carlton Downtown
Ryan Serhant Ryan Serhant
Licensed Associate Real Estate Broker