A New York City penthouse provides buyers with a spectacular view of the city. Penthouses are luxurious and often designed by the finest designers. Some penthouses feature spiral staircases, oak parquetry floors, and floor-to-ceiling windows. New construction buildings such as 35 Hudson Yards have limited availability. Penthouses are high in demand. Available penthouses are limited due to location. Typically, penthouses are located on the top floor. Typically, penthouses are the most expensive home in a condo building due to the high demand and limited supply.
The Cost
The cost of a New York City penthouse averages between 5 and 20 million dollars. The top 20 penthouses for sale in New York City fall in this price range. The wealthiest New Yorkers purchase penthouses due to various reasons including
- Stature
- Amenities
- Views
- Luxury
- Investment opportunities
Stature
There is no better way to say you made it than purchasing a New York City penthouse. Penthouses indicate a life of grandeur and luxury. You will enjoy privacy while living in a dense urban setting. You can enjoy the city’s accessibility, nightlife, culture, and dining without compromising your privacy.
When you live on the top floor, you will not hear the noisy surrounding city. You do not have neighbors above your living space creating noise. It is nearly impossible to escape neighborly noise. Almost every resident living in an apartment, condo, or suite in New York City has to deal with noisy neighbors. When you own a penthouse, you are uniquely situated on top of a building. You do not have to worry about noise.
