212 Fifth Avenue’s lavish penthouse returns with $11M price cut

The penthouse at Nomad’s opulent 212 Fifth Avenue has seen all sorts of price fluctuations over the years. In its latest outing on the market, the 10,000-square-foot condo is now asking $62.8 million, an $11 million drop from its previous asking price of $73.8 million, in November last year.

The Crown Penthouse, as this massive condo is officially known, first appeared on the market in 2016 for $68.5 million, making it one of the most expensive homes for sale at the time (it’s still one of NYC’s most expensive homes for sale even after the latest price cut).

The triplex has five bedrooms, five and a half bathrooms, and nearly 6,000 square feet of outdoor space. An observatory on the third floor of the penthouse opens up into a 950 square foot terrace that offers up views of the Empire State Building, the Flatiron Building, and the World Trade Center.

Photo: Travis Mark

Meanwhile, the rest of the Madison Equities-developed 212 Fifth Avenue is now 85 percent sold, and there are only eight apartments remaining on the market. Residents in the building will have access to amenities like a Jay Wright-designed fitness center, a screening room, and a golf simulator. Sotheby’s International Realty is still in charge of sales at the condo.

• Listing: 212 Fifth Avenue #PH [Sotheby’s]