The sale of $135 million penthouse closed late last week, making it the most expensive deal in New York City this year, reports Mansion Global. The residence, which spans 12,500-square-foot across five floors, is located within the Aman New York Hotel, the luxury hospitality group’s only East Coast outpost.
“The $135 million sale of the Penthouse at Aman New York underscores the desirability and appeal of Aman and the iconic Crown Building,” a spokesperson for OKO Group, the development firm behind the hotel, told Mansion Global. “We continue to entertain significant demand for Aman New York’s residences, even as the building’s units are fully committed.”
Completed in 2022, Aman New York is located within the Crown Building, a 25-story French Renaissance, Beaux Arts building on Fifth Avenue near what is now considered Billionaires’ Row. Warren and Wetmore, the same firm behind Grand Central Station, designed the building in 1920 for philanthropist August Heckscher. Originally it was intended to be used as an office and later became the Museum of Modern Art’s first home.
Most of the hotel is contained to the nine-story base, with 22 branded residences on the upper floors. The $135 million penthouse spans the octagonal crownlike roof, from which the building gets its name. The penthouse was sold in an unfinished state, allowing the unnamed buyers to customize the space to their needs. Previously, the unit was under contract for over $180 million, though the deal never closed. Had it gone through, the residence would have been finished before it was delivered.
All private units in the building have now sold, though two still remain under contract. According to the Real Deal, Manhattan’s luxury real estate market has slowed in recent years, and the penthouse’s sale could suggest a shift. A handful of other recent deals point to this as well, including the sale of a $115 million penthouse in Central Park Tower last month.