Walker Tower PH Sells For $50.9M, Sets Downtown Record

As expected, the penthouse of Chelsea’s highly-acclaimed Walker Tower sold for more than $50 million, setting a new record for the most expensive home ever sold in Downtown Manhattan. The Journal reports that the all-cash deal closed for $50.9 million, and, evidently, the unnamed buyer was in the space “less than five minutes” before stating “I’ll take it.” Because $50M spur-of-the-moment decisions are never a bad idea.!

The full-floor, nearly 6,000-square-foot unit was listed last September for $55 million, and by the end of October, the Times reported that it entered contract for “slightly less than ask.” Can $4 million be defined as “slightly”? No matter, the sale takes the title away from the penthouse of 18 Gramercy Park, which sold for $42 million to the owner of the Houston Rockets in 2012.

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Walker Tower was originally built in 1929 by architect Ralph Walker, and the upper floors were converted into condos by JDS Development Group and Property Markets Group. The only other unit currently available is the other penthouse, called Penthouse Two, which is larger, but on the floor below Penthouse One, which obviously makes it crappier.


By Jessica Dailey, Curbed

Original Article: Click Here

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