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The nearly 3,5000 square feet of outdoor space comes with a lap pool and glass-walled hot tub.Tessler Developments
A five-floor, 19,000-square-foot penthouse north of Madison Square Park in Manhattan, featuring more than 3,5000 square feet of outdoor space with a private lap pool and glass-walled hot tub, has hit the market for $98 million, making it one of the priciest condos on the market in New York City.
The price is just under $5,000 per square foot, notes Raphael Sitruk of Keller Williams NYC, who is co-listing the mega-apartment with Efraim Tessler, a member of the family behind Tessler Developments that built the 69-unit, 33-floor building at 172 Madison Ave. The company is also known for its developments at 295 Fifth Avenue, a 1920 structure known as The Textile Building, and the Bryant Park Hotel.
The price "is completely realistic based on the space," Sitruk says. "It's huge and it gives beautiful views from every room."
The ceilings in the apartment range from 18 to 23 feet. Tessler Developments
As a comparison, the penthouse at the Madison Square Park Tower, just south of Madison Square Park at 45 East 22nd St., listed for $77.7 million, is more than 13,000 square feet, making the asking price $5,949 per square foot.
The apartment was designed with ceilings ranging from 18 to 23 feet high. The buyer would get a "white box" and select the finishes, Sitruk says.
A rendering of one of the 11 bedrooms. Tessler Developments