Wednesday, May 1, 2013
Marty Zweig's Penthouse Apartment Goes on Sale for $125 Million
The Manhattan penthouse apartment of the late money manager and newsletter writer, Marty Zweig, is up for sale.
The Pierre Hotel penthouse just hit the market under brokerage Sotheby's International Realty for at $125 million, reports Bloomberg News. It is the most expensive listing in Manhattan.
Located at 795 Fifth Avenue on the Upper East Side, the penthouse occupies the entire 41st, 42nd and 43rd floors. The apartment contains 16 rooms, including 5 en-suite bedrooms and 6 bathrooms, plus 4 terraces with sweeping views of Manhattan.
A private elevator connects all three floors, and the home has a separate guest suite and staff residences. The five fireplaces were made in the 17th, 18th and 19th centuries.
Zweig died in February at the age of 70. Although not an Austrian economists, Zweig's forecasts always were heavily based on money flows, both at a macro-economic level and the stock market level.
He bought the apartment in 1999 for $21.5 million in an all-cash transaction, reports BN. The monthly maintenance bill.is $47,000.
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Being college students from Boston you should dig in to see if any of them had a connection to occupy wall street.
ReplyDeleteBrings to mind the famous Wall Street book, "Where are the customer's yachts?"
ReplyDeleteYachts and mansions are so far from my experience I can hardly imagine, but I would like to know more about the chopper under the stairs. Leaking oil on the brazilian hardwood; that's old school class!
DeleteThe "Greater Fool" theory in practical application.
ReplyDelete