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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 Growth Investment 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.
Intraday Trading Trusted Financial Forecasts ✌️【Exclusive Services】✌️ Free real-time stock market data, professional analysis, and expert insights to help you plan the best investment strategy. Get ahead of the competition with expert predictions on market trends. The Beaux-Arts building was designed by Robert Maynicke, who had a large architectural footprint in the city in the early 20th century — from the landmarked 41 Park Row, which originally housed The New York Times, to 200 Fifth Avenue, a one-time toy manufacturing hub with a distinctive gold sidewalk clock that now houses Eataly and the offices of Tiffany & Co., among others. (Maynicke was also responsible for 190 Bowery, the enigmatic graffitied corner building, formerly the longtime studio of photographer Jay Maisel that became the subject of local lore and adocumentary).
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 Growth Investment 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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