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Old Posted Jun 2, 2014, 6:31 PM
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Woolworth Building penthouse hits market for record $110M



"Castle in the sky" will take up top nine stories of city landmark

Quote:
The penthouse in the Woolworth building hit the market for a whopping $110 million, Bloomberg News is reporting.

The $110 million price tag for the apartment at the top of the 58-story tower is the highest ask ever for an apartment in downtown Manhattan.
“The price is more reflective of the unique historical nature of the property” than its location or the heated luxury market, Jonathan Miller, president of appraiser Miller Samuel Inc. told Bloomberg. “We’ve seen rapid absorption downtown, but this project is unlike anything that’s come online.”

Sales are expected to begin at the iconic building this fall with a move in date of 2016. The Woolworth Tower was designated a historical landmark in 1966. Developer Alchemy Properties has called the penthouse a “castle in the sky.”
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http://therealdeal.com/blog/2014/06/...r-record-110m/
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