Thursday, 3 August 2017

Finance: Cantor Fitzgerald CEO Howard Lutnick reportedly just bought this triplex penthouse at an $81 million discount

The triplex penthouse sold at a steep discount.

The Pierre hotel's penthouse has 16 rooms, three floors, and four adjoining terraces.

Cantor Fitzgerald CEO Howard Lutnick is the new owner of the famous penthouse atop New York City's Pierre hotel, Page Six reported.

He apparently got the triplex penthouse at a steep discount.

The property, which belonged to late investor Martin Zweig and his widow, Barbara, hit the market for a record $125 million in the spring of 2013. It then underwent several price chops before eventually going off the market. It last appeared on sale for $57 million in April 2016.

Property records show that an LLC paid $44 million for the spread, The Real Deal reported. Page Six has unmasked Lutnick as the mystery buyer.

The apartment encompasses three floors and was originally the hotel's ballroom. After several years on the market, it had a makeover that gave it a more modern look.

The 16-room spread was most recently listed with Brown Harris Stevens.

Julie Zeveloff contributed reporting to an earlier version of this article.

The Pierre, located on 61st Street and Central Park, is one of the most iconic properties in New York City.

The apartment is a triplex, taking up floors 41, 42, and 43 of the Pierre.

It formerly housed the famous hotel's ballroom.

There are 16 rooms in total, including five bedrooms.

The apartment has four adjoining terraces, a rarity in New York City.

They offer 360-degree views of Manhattan.

The apartment has a fireplace with intricate marble work. According to the Real Deal, the apartment costs $51,840 a month to maintain.

Source: The Real Deal

As the new owner, Lutnick will be able to take advantage of all the amenities that come with being part of the hotel.

from - Nigeria's entertainment & lifestyle platform online

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