The $70 Million Penthouse
Sep 11th, 2007 by iNeedHelp
Welcome to Martin Zweig’s penthouse at the Pierre Hotel on Fifth Avenue (@ 61st St.), still on the market at a cool $70 million.
If you happen to find a spare $70 million stashed down the side of your sofa, then here is what you will get for your money:
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The swanky penthouse mansion has 16 rooms covering 11,000 square feet on Floors 41 through 43.
It has nine bedrooms, six baths and two half-baths, six fireplaces, four terraces, heated marble floors and a 2,800-square-foot “grand salon” with 23-foot-high ceilings and ornate chandeliers.
The apartment’s $48,000-a- month maintenance fee includes full hotel services, such as room service, twice-daily maid service — with robes, linens and mints on the pillows — and a 24-hour concierge.
Zweig, who’s in his 60s, stands to pocket a whopping profit if he finds a buyer — in 1999, he paid a then-record $21.5 million for the over-the-top digs.
He bought it from Australian publishing heiress Lady Mary Fairfax, who first listed the glamorous digs in 1996 for $35 million.
The grand salon, one of the hotel’s ballrooms, sat mostly empty from the late 1960s until Lady Fairfax combined it with the apartment for $12 million in 1988.
She then spent the next five years and untold millions renovating.