It’s one of the most talked-about listings in the city, and after years of speculation, the Woolworth Building’s penthouse, dubbed “the pinnacle” is finally on the market for $110 million, the Wall Street Journal reports.
The residential conversion of the upper floors of the Woolworth building has been in the works since 2012. Alchemy Properties purchased the top 30 floors of this 58-story skyscraper for $68 million, and announced plans to convert it into 33 condos.
Over the years, news on the building’s condo conversion has been few and far between, but Alchemy has hyped its $110 million penthouse for quite some time now. A floorplan for this 9,710-square-foot apartment was first revealed in 2014. A rumored look inside the penthouse, which was reported on the following year, turned out to be the interiors of a different pricey apartment.
Alas, we still don’t have interior looks at “the pinnacle,” but the developer has provided us with new exterior shots. The penthouse takes up the terra cotta-clad crown of the building, which previously housed the Woolworth Building’s mechanical equipment.
Alchemy had to carry out extensive work before making it livable; this included getting permission from the Landmarks Preservation Commission to add more windows, and replacing 3,500 pieces of damaged terra cotta on the facade, according to the Wall Street Journal. The seven-floor penthouse will start at about 700 feet and will come with a 400-square-foot open-air observatory, according to WSJ.
Sales have been underway for a while now, but Alchemy has been unwilling to share any information on it so far. The head of Alchemy, Ken Horn, also declined to share this information with the Wall Street Journal. Of the apartments currently available (aside from the penthouse) on the market, prices range from $4.57 million for a one-bedroom, and go up to $26.4 million for a four-bedroom condo.
Should “the pinnacle,” sell for anywhere near its asking price, it will easily surpass the Downtown Manhattan sales record set by the Walker Tower penthouse in 2014. At its current asking price, the penthouse is also NYC’s most expensive home for sale on the market right now. In a distant second is a Hell’s Kitchen condo asking $85 million.