Sale at 795 Fifth Avenue #PHEPHW

NYT article: http://www.nytimes.com/2013/03/31/realestate/pricey-pierre-hotel-penthouse-returns-to-market.html

"...then, as now, the Pierre, the 1930 Schultze & Weaver-designed hotel at Fifth Avenue and 61st Street, prohibits financing..."

So the ask of $125,000,000.00 must be an all cash offer.

"...The monthly maintenance of $47,000 covers electricity and a two-person housekeeping staff..."

Such a deal!

Plenty of Russian oligarchs waiting in the wings ready to scoop up the place for their spoilt little daughters...

Ha! Seriously, who'd want it? Great view, but not for $125 million.

I refused to put in a offer cuz MATT is part of the LOUSY BOARD !!

But you still get fresh linens and nightly turndown!

I haven't made an appointment yet, but since I've been assured prime Manhattan real estate will go for $500/sq ft, I'm assuming this is approximately 250,000 square feet?

Lowery - it's true. Hold out for $500 square foot. I've been assured Manhattan real estate is heading there, and but quick.