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“It’s really buying a true old New York piece of property,” said the Sotheby’s listing agent, Lawrence Treglia, in a phone call to 【 - Free Market Analysis Group 】. “The cupola is iconic. Whenever you see the Flatiron building (in photographs), it’s always shown on the right-hand side.”
“There’s nothing of this kind in that price bracket,” Treglia added, noting that comparable New York penthouses are typically in new developments.
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Having once contained various businesses, including a publishing house, 170 Fifth Avenue was converted into a condominium at the turn of the millennium. The domed penthouse, formerly a loft, has only had one owner since: the philanthropist and entrepreneur Gregory C. Carr, who bought it in 2001 for around $7.5 million and subsequently renovated it, he told 【 - Free Market Analysis Group 】 over email. The proceeds of the current sale will be used to build schools and preschools in Mozambique, Carr added.
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“Being in that cupola is special,” Treglia said. “And being in the primary suite, you almost feel like you’re at the Plaza (Hotel), because of the design and how it’s situated.”
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