HOUSE OF THE DAY: Late Investor Martin Zweig’s Magnificent Penthouse Now Selling For A Discounted $US95 Million

Pierre penthouse martin zweig

The penthouse of New York City’s Pierre Hotel hit the market for a record$125 million in late April.

But the property, which belonged to late investor Martin Zweig, has yet to find a buyer, and recently had its price slashed by 24% to $US95 million, according to The New York Daily News.

Zweig initially listed the apartment for $US70 million in 2007 but later pulled the listing; he died in February.

The apartment encompasses three floors and was originally the hotel’s ballroom.

The 16-room spread is listed with Sotheby’s International Realty.

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title=”The apartment is a triplex, taking up floors 41, 42, and 43 of the Pierre.”
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title=”It formerly housed the famous hotel’s ballroom, and ‘the living room is considered the most magnificent privately owned room in the world,’ according to the listing.”
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[slide
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title=”There are 16 rooms in total, including five bedrooms.”
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[slide
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title=”It offers 360-degree views of Manhattan.”
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[slide
permalink=”the-apartment-has-four-adjoining-terraces-a-rarity-in-nyc-5″
title=”The apartment has four adjoining terraces — a rarity in NYC.”
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[slide
permalink=”the-apartment-has-its-own-interior-elevator-6″
title=”The apartment has its own interior elevator.”
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[slide
permalink=”there-are-separate-guest-suites-and-staff-quarters-as-well-7″
title=”There are separate guest suites and staff quarters, as well.”
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[slide
permalink=”even-if-it-sells-for-the-reduced-95-million-asking-price-it-will-be-one-of-the-most-expensive-private-residence-ever-sold-in-new-york-city-8″
title=”Even if it sells for the reduced $US95 million asking price, it will be one of the most expensive private residence ever sold in New York City.”
content=””
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[slide
permalink=”the-pierre-located-on-61st-street-and-central-park-is-one-of-the-most-iconic-properties-in-new-york-city-9″
title=”The Pierre, located on 61st Street and Central Park, is one of the most iconic properties in New York City.”
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image=”http://static.businessinsider.com/image/5141f08269bedd6476000003/image.jpg”
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credit_href=”http://en.wikipedia.org/wiki/File:Pierre_Hotel_from_Central_Park_South.jpg”
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[slide
permalink=”now-see-how-this-apartment-stacks-up-10″
title=”Now see how this apartment stacks up.”
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