$40M penthouse at Renzo Piano’s 565 Broome Soho is in contract

Even though New York’s overcrowded luxury market is still on a downward swing, some demand remains for over-the-top properties. Need proof? The penthouse atop Renzo Piano’s 565 Broome Soho, which listed in April for $40.5 million, is now in contract, as first reported by the Olshan Luxury Market Report.

The 6,700-square-foot duplex is one of two penthouses at the development, this one located in the northern tower. It has four bedrooms, four and a half bathrooms, a private elevator landing, high-end appliances, and all of the other features and fixtures you’d expect in a $40 million Manhattan apartment.

The pièce de résistance, though, is the 20-foot private rooftop pool—it’s heated, outdoors, and will have stellar views of the city.

The development is Piano’s first residential building in New York City—his previous work includes the new Whitney Museum in the Meatpacking District , and the New York Times HQ—and is one of the marquee projects in the burgeoning Hudson Square neighborhood. The $40.5 million price tag means this property won’t necessarily be a record-breaker; a penthouse at 160 Leroy is expected to close for $43 million, taking the title for the priciest property sold south of 14th Street.

In recent months, a few other high-priced properties—including the penthouse at 150 Wooster Street, and the absurdly extravagant penthouse that will sit atop Midtown’s Crown Building—have either sold or gone into contract.