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Penthouse at the Woolworth Building Asking a Record $110 Million

The Woolworth building, one of New York’s earliest skyscrapers and a fixture among the Lower Manhattan skyline, may be home to the priciest condo unit downtown. Developers are now converting the top 30 floors of the building into 34 one- to four-bedroom luxury condos. This will be the first time the tower ever houses residences; it was constructed in 1913 by Frank Woolworth (owner of the F.W. Woolworth Company) for office space, and was dubbed “The Cathedral of Commerce.”

 

Woolworth Building

Woolworth Building (Photo: Jared Kofsky)

The $110 million price tag belongs to the top penthouse unit, now under construction. Bloomberg¬†spills details, and man, will this unit be something. It will span nine stories inside the building’s copper cupola, and come in at 8,975 square feet. There will be four bedrooms, a private elevator, a 584-square-foot terrace, a great room, wine cellar, library and observation deck. Ceilings will rise 11 to 14 feet on average. The other 33 units at the building have price tags from $3.5 million to $24 million. Sales are expected to begin this upcoming fall, with move-ins happening in 2016.

This isn’t the priciest condo unit to ever hit the market in NYC — that would go to two units at Midtown development One57 priced at $115 million. There are now penthouses at One57 under contract for more than $90 million, which would set a record in Manhattan. And the priciest condo sale ever in Downtown Manhattan belongs to a unit at Chelsea’s Walker Tower, which sold for $50.9 million. It looks likely that the sale of the Woolworth penthouse will blow that record out of the water, even if it sells for half its ask.

When residents move into the Woolworth Building, they’ll have their very own lobby and elevator access. That’s almost a downside, considering how spectacular the main lobby of the Woolworth Building is. While the immaculate, breathtaking lobby is no longer open to the public, you can still¬†take a guided tour led by the Woolworth staff. And a tour, luckily, will not put you out $110 million.

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