Park Ave. penthouse sold for $30m.Property Markets Group (PMG PMG abbr. postmaster general PMG 1. Postmaster General 2. Paymaster General ) announced the 7,500 s/f duplex penthouse penthouse Enclosed area on top of a building. A penthouse can be an apartment on the roof or top floor of a building or a structure on the roof housing the top of an elevator shaft, air-conditioning equipment, or stairs leading to the roof. at 823 Park Avenue (at 75th Street) is in contract for $30 million to a Manhattan hedge fund hedge fund, in finance, a highly speculative, largely unregulated investment device. Originating in the 1950s, the funds "hedge" by offsetting "short" positions (borrowing a security and then selling it at a higher price before repaying the lender) against "long" manager. This luxurious pre-war condominium condominium In modern property law, individual ownership of one dwelling unit within a multidwelling building. Unit owners have undivided ownership interest in the land and those portions of the building shared in common. development rests in the heart of the Manhattan's tony Upper East Side, and has already garnered $72 million in contracts to date and a record $44 million in sales in the month of October 2006 alone. Designed by the renowned architect Barry Rice, the penthouse includes 3,000 s/f of outdoor and entertaining spaces spread over three terraces, a unique feature unprecedented among condominiums that line Park Avenue. The buyer will customize their pied-a-terre with 18 rooms featuring sweeping and unobstructed views. The significant appeal of owning a luxurious condominium within a landmark building with original pre-war details and modem amenities is not lost on affluent local, tri-state and international buyers. "This pre-war condominium in the East 70's is an architectural masterpiece. The incredible sales thus far prove that the high-end buyer craves an unusual and exceptional gem of a home," states Kathy Sloane, senior vice president/managing director of Brown Hams Stevens and the building's exclusive broker. Originally designed by architects Picketing picketing, act of patrolling a place of work affected by a strike in order to discourage its patronage, to make public the workers' grievances, and in some cases to prevent strikebreakers from taking the strikers' jobs. Picketing may be by individuals or by groups. and Walker in 1911, the 13-story Greek Revival Greek revival: see classic revival. Greek Revival Architectural style based on 5th-century-BC Greek temples that spread throughout Europe and the U.S. in the early 19th century. building boasts 10-foot ceilings, white oak herringbone floors, working fireplaces and detailed mahogany finishes throughout. Apartments range from 4,184 s/f to 3,169 s/f. |
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