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$48M penthouse of Flatiron’s tallest tower includes staff apartments, $1M parking space

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The crowning penthouse in the Kohn Pedersen Fox building measures over 7,000 square feet

Via Douglas Elliman

Just as the Flatiron District’s tallest tower prepares to welcome its first residents in the next few weeks, the developer, the Continuum Company, has unveiled the building’s crowning penthouse: a duplex condo with over 7,000 square feet of space.

The Wall Street Journal first reported on the release of this condo, which is located on the 64th and 65th floors of the building, at about 777 feet above ground, according to the brokerbabble.

The $48 million price tag of this apartment includes two other studio apartments for staff on the lower floors of the building, and two parking spots, which normally retail for $500,000 each, according to the WSJ. The building has a total of just 16 parking spots.

Some of the standout features of the penthouse include the floor-to-ceiling glass walls which in some cases reach as high as 23 feet, and the panoramic views of the city including the Empire State Building, the Chrysler Building, and One World Trade Center.

A view from inside the duplex apartment.
Matt Simpkins.

At present the apartment has a completely open layout allowing the buyer to design it as they please, but Fredrik Eklund (who is handling sales on Madison Square Park Tower along with John Gomes) told the WSJ that it will likely be positioned as a five-bedroom, five-bathroom unit. It’s been three years now since sales got underway, and about 75 percent of the condos have sold so far. Prices on available units aside from the penthouse range from $2.75 million for a one-bedroom, one-bathroom unit and go up to $20 million for a four-bedroom, four-bathroom apartment.

This building won’t be able to hang on to the tallest building in the neighborhood title for much longer, as a 1,001-foot tower is poised to rise a few blocks north of Madison Square Park at 262 Fifth Avenue.

Via Will Femia