Chinese Tycoon’s ‘Epic’ $67M NYC Penthouse Is Most Expensive New Listing

A luxury penthouse apartment taking up the entire 18th floor of a storied New York City building is this week’s most expensive new listing on®, priced at $67 million.

The 15-room unit initially went on the market for $86 million in October 2015—just a few months after Chinese billionaire Guo Wengui bought it for $67.5 million, paying in cash. A significant price cut to $78 million in 2016 also yielded no buyers.

Currently, only three other listings in New York City feature higher price tags. 

The “epic penthouse retreat with dramatic park views in one of the most iconic towers in New York City, the Sherry Netherland, delivers a rare and outstanding example of park front living with panoramas that will take your breath away,” the listing states.

Eat-in kitchen

One of three balconies


Media room

Dining room

One of seven bedrooms

Accused of corruption in China, Wengui fled to the United States, and claims to be a whistleblower. The businessman, 51, has posted photos of his penthouse apartment on social media. In one, he’s working out on one of the three balconies that overlook Central Park and the Manhattan skyline.

View this post on Instagram


A post shared by 郭文贵 Guo Wengui (@guowengui) on Aug 2, 2018 at 9:02am PDT

Accessed by a private elevator, the unit has seven beds and eight baths. There’s also a living room with views of Central Park, formal dining room, chef’s kitchen, as well as a gallery, library with custom paneling and bar, plus a media room, two dens, a study, and landscaped garden terraces. The master suite comes with a dressing room, en suite bath, and private terrace.

“It is one of the only full-floor residences with over 7,000 square feet and wrap terraces,” says listing agent Richard J. Steinberg of Douglas Elliman. It is a “one-of-a-kind apartment in the most prestigious building.”

Located on the Upper East Side and bordering Central Park, the building markets itself to “citizens of the world,” allowing pied-à-terre purchases.

The Sherry-Netherland, built as a hotel in 1927, was converted to apartments in 1954. Amenities include full-time door attendants, a gym, maid service twice a day, and room service from Cipriani, located downstairs.

These perks don’t come cheap. The monthly homeowners fee is a jaw-dropping $59,000, according to the listing. Perhaps an eventual buyer may consider those views of Central Park priceless.

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Source: Housing Trends Feed