Ritz-Carlton Penthouse Asking for Downtown Record of $56.5 Million

Ritz-Carlton Penthouse

A Battery Park City penthouse in the Ritz-Carlton is listed for an astonishing price of $56.5 million. The duplex condominium has already set one downtown record simply by asking for that amount, but if it sells for or near the asking price, it will set the record for the most expensive downtown sale ever.

The record-seeking 12-room penthouse spans 7,500 square feet across two floors at 10 West Street. Features of the home include a fireplace, full bar and a rooftop hot tub. Speaking of the rooftop, the views are spectacular. To the south is the Statue of Liberty, and to the north there’s a complete, unobstructed view of Manhattan.

The current record south of 34th Street was just set by the sale of a Walker Tower penthouse, which was listed for $55 million. The 6,000 square foot five-bedroom home is said to have sold for slightly less than the asking price, but over $50 million.

The city has seen a recent trend in record-setting transactions over the past couple of years. The most expensive completed transaction to date was last year’s sale of a penthouse at 15 Central Park West for $88 million. However, this year has also been witness to multiple contracts for over $90 million each for still-under-construction condos at Macklowe’s 432 Park Avenue and Extell’s One57.

While the downtown numbers aren’t matching uptown sales, there’s still one big name that has yet to hit the market: The Woolworth Building. The historic downtown fixture is having the top 30 floors converted into 40 luxury condos. Officially dubbed The Woolworth Tower Residences, the penthouse will span five stories in the pinnacle of the landmarked building. When the 8,000 square-foot Woolworth Building penthouse goes on the market, it’s certainly possible that the home could sell for $100 million.