Luxury Lifestyle, Design & Architecture blog

Back in 2006 when property prices were on the rise and economic optimism was in the air, investor J. Christopher Flowers purchased a luxury mansion in Manhattan for $53 million. The property in question was the Harkness Mansion , a mega-mansion that stands on 4 East 75th Street . Back then, the $53 million that Flowers paid for the building was a record-breaking sum that grabbed real estate headlines across New York. But the real estate market is no longer in a happy state. It is still struggling to shake off the negative impact of the global economic recession. So even the most expensive mega-mansion in Manhattan was sold at a big loss. According to reports, this mega-mansion Flowers has agreed to sell the property at $36.5 million. That would be a total loss of $16.5 million, given that Flowers spent $4 million just gutting the place. Apparently, Flowers has been trying to sell the 20,000-square-foot townhouse for a while now. Initially, he was willing to sell the New York ...

New York City is home to some of the most expensive real estate in the world. Need proof? Check out the One57 top floor penthouse . Listed at $115 million , this expensive Manhattan property is on its way to becoming the most expensive residential listing in New York City ever! Why are we not surprised? I suppose it has a lot to do with the extravagant spending habits of billionaires who invest in New York property. Fairly recently, we got wind of an $88 million penthouse sale in the city’s posh new condominium complex at 15 Central Park West. This pricey sale convinced the developers of the One57 top floor penthouse that the property was worth more than the original $98.5 million. Pricey Duplex Penthouse Despite the price (which will anyway attract billionaire investors), the expensive Manhattan property has a lot going for it. The glass-walled property will look over the tops of some of Manhattan’s tallest buildings. The view from the penthouse is its biggest USP, but there are ...