A luxury penthouse apartment taking up the entire 18th floor of a storied New York City building is this week’s most expensive new listing on realtor.com®, priced at $67 million.

The 15-room unit initially went on the market for $86 million in October 2015—just a few months after Chinese billionaire Guo Wengui bought it for $67.5 million, paying in cash. A significant price cut to $78 million in 2016 also yielded no buyers.

Currently, only three other listings in New York City feature higher price tags. 

The “epic penthouse retreat with dramatic park views in one of the most iconic towers in New York City, the Sherry Netherland, delivers a rare and outstanding example of park front living with panoramas that will take your breath away,” the listing states.

Eat-in kitchen


One of three balconies




Media room


Dining room


One of seven bedrooms


Accused of corruption in China, Wengui fled to the United States, and claims to be a whistleblower. The businessman, 51, has posted photos of his penthouse apartment on social media. In one, he’s working out on one of the three balconies that overlook Central Park and the Manhattan skyline.

Accessed by a private elevator, the unit has seven beds and eight baths. There’s also a living room with views of Central Park, formal dining room, chef’s kitchen, as well as a gallery, library with custom paneling and bar, plus a media room, two dens, a study, and landscaped garden terraces. The master suite comes with a dressing room, en suite bath, and private terrace.

“It is one of the only full-floor residences with over 7,000 square feet and wrap terraces,” says listing agent Richard J. Steinberg of Douglas Elliman. It is a “one-of-a-kind apartment in the most prestigious building.”

Located on the Upper East Side and bordering Central Park, the building markets itself to “citizens of the world,” allowing pied-à-terre purchases. 

The Sherry-Netherland, built as a hotel in 1927, was converted to apartments in 1954. Amenities include full-time door attendants, a gym, maid service twice a day, and room service from Cipriani, located downstairs. 

These perks don’t come cheap. The monthly homeowners fee is a jaw-dropping $59,000, according to the listing. Perhaps an eventual buyer may consider those views of Central Park priceless.

The post Chinese Tycoon’s ‘Epic’ $67M NYC Penthouse Is Most Expensive New Listing appeared first on Real Estate News & Insights | realtor.com®.

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