If you are curious to know just what $100 million can fetch you in midtown Manhattan well the answer is a spacious, three floor, six bedroom penthouse that boasts spectacular views. Thes 8,000 square foot luxury houses located on West 56th Street have 135 windows from which you can access your stunning view of almost every bridge in the city. this article is the base amount of your loan. A part of your principal is usually paid off with each mortgage payment which reduces the principal balance owed and increases your equity (the part of your home you own). Your principal payment is normally small in the first few months, but increases over the course of your mortgage as the overall balance drops. Interest-only mortgages and other types of loans, do not include principal repayment in the monthly calculation.
The penthouse is on the market now after having been bought in 1993 by the real estate developer Steven Klar. Back at this time the apartment was purchased for 4.5 million. Apparently another four or five million has been put into renovations, so if you want to renovate your home, you can browse around this site to find the best services.
The penthouse is located on the 73rd to 75th floors of the CitySpire building. The apartment is octagon-shaped and boasts nine bathrooms as well as a wine room that can hold up to 1,000 bottles. A spa room is also set up right next to it. You’ll want to hire spa services to regularly maintain it so that it remains in top shape an ready to help you relax and treat yourself. The same goes for the hot tub. This place has everything! You’re going to love it.
The building itself went up back in 1988 and inspired some controversy at the time. Apparently the building went slightly higher than the building codes allowed and there were also complaints about a whistling noise emanating from the tower. The developer and the city did eventually reach an agreement and the noise levels were reduced by adjusting the top of the building.
A downturn in the real estate market back in the early 1990s led to the removal of the tower from the developer. Klar was then able to purchase the apartment and remodel with help from many contractors, including the window installation local crew, to make this what it is today. His company, Klar Organization, came in at the time to sell the remaining apartments.
Though Vancouver condos for sale and Vancouver real estate prices might seem hefty at times, the asking price for this penthouse is the steepest ever reported for a New York city apartment.
The sale of the penthouse is being handled exclusively by Raphael De Niro, son of actor Robert De Niro. Raphael is a broker with Prudential Douglas Elliman.