5th On The Park at 1485 Fifth Ave. #27C

According to the New York Times (1/28/2011), the vast majority of brokers and buyers feel the bottom starts at $10,000,000 and leaps rapidly upwards. What if you could find one that would easily carry a $12-15,000,000 price tag in a trendy downtown location or on the UWS, was a spectacular entertaining space with two giant terraces, 4-5 BRs, amazing views, on the 26-27-28th Floor of a world class building, whose infrastructure includes a swimming pool, an art-filled 40 high atrium lobby and 24 hour valet parking-for under $6,000,000.

Just such an apartment exists on Fifth Avenue, on the nicest park-side block of Manhattans hottest emerging neighborhood, the southern end of the New Harlem. Never occupied, but originally custom built for a major party-giver and art collector, this more than 5500 Sq. Ft., one of a kind, triplex, palace in the sky is now being offered for sale.

To fill in some of the details, it features a column-less 1400 Sq. Ft. plus, high-ceilinged main room, with exceptional vi of Central Park, Midtown, and both the East and West Sides. This loft-like LR/DR spans the entire building and opens onto a 36 terrace. There is a wood burning fireplace. From the standpoint of guest convenience, two powder rooms and multiple hall closets are a major plus. Additionally, 60 spare amps of power have been added to handle even the most adventuresome of lighting and/or audio/visual systems. And, if you are into creative design, it is a decorators dream canvas with which to work.

The kitchen, expertly organized for the home cook and, when needed, the caterer, looks out onto the main room. With a granite counter easily accommodating 8 bar stools, it rivals the open kitchens of many a critically acclaimed small restaurant-with a 48 refrigerator, six burner plus grill stove, four ovens, to-the-roof vent, two dishwashers and plenty of storage space.

As for the bedrooms, there is a master suite on the main floor, with enormous closets and a bath which includes both a 7 Jacuzzi and a steam shower. On the floor below. there is a second large bedroom suite, with its own bath and multiple closets. Its other two large bedrooms are also light, bright and well-closeted.

The 28th floor features a sunlit office/den/5th bedroom and an enormous L-shaped terrace. The outdoor space is over 1000 Sq. Ft., with views that verge on incomparable. It is absolutely marvelous for warm-weather entertaining or just relaxing. There is a third powder room by its entrance.