Monday, June 14, 2021

Steeply Priced Roof Space Slashed

Steeply-pitched, unused mansard roof space in Manhattan heads to a slashed no reserve auction after failing to sell for £30.3 million

A currently unused roof space with an existing apartment overlooking Central Park that has bopped on and off the market since 2013 is being placed in a no reserve online auction early next month. It follows on from the fire sale of another ritzy penthouse we featured in June this year that went on the market for 64% lower than it sold for in 2014.

 

Featuring the existing 37th floor unit and having “pre-approved, shovel ready design, plans and permits” to extend into what was home to the mechanical systems of Hampshire House (alternatively known as ‘150 Central Park South), the potential triplex penthouse on offer could extend to 9,650 square foot.

 

Offered initially in 2013 for £12.7 million, the development opportunity was bought by a London based Israeli developer and artist named Arnon Katz in 2014 and 2015 for a combined total said to be £16.6 million. He attempted to sell it on for £18.9 million in June 2018 and then increased the ask to a staggering £30.3 million more recently.

 

Speaking of the 5-bedroom, 5.5-bathroom scheme – which also includes a “grand salon, formal living and dining rooms and an eat-in kitchen” – Katz remarked:

 

“Years of passion and knowledge went into the planning, design, and obtaining of the permits necessary to offer this extraordinary offering.”

 

“There is absolutely nothing else like it in the world, and this is what makes it truly special. I’m confident that Concierge Auctions’ incredible global reach and a team of top talent will identify the perfect buyer, an individual as unique as this property itself, who not only understands the value, but who also has the vision to complete this magnificent penthouse to its reality.”

 

The Concierge Auctions online sale commences on 18th December and closes on 22nd December and if sold, the buyer will get to live in a building dating to 1931 which has counted the artist Frida Kahlo and the tenor Luciano Pavarotti amongst its former occupants.

 

The Names & Numbers – The Penthouse, Hampshire House, 150 Central Park South, Manhattan, New York, NY 10019, United States of America

 

November 2020 – The roof space is to be offered for auction with “no reserve to the highest bidder” by Concierge Auctions against a previous price of £30.3 million ($40 million, €33.8 million or درهم146.9 million). The online auction commences on the 18th December and closes on 22nd December 2020.

 

According to a press release from Concierge Auctions, the penthouse is “appraised at £75.6 million ($100 million, €84.4 million or درهم367.3million) on completion” and finish costs are estimated at upto £15.1 million ($20 million, €16.9 million or درهم73.5 million).

 

Anticipated annual costs are described as “unusually low” and estimated at £45,400 per year ($60,000, €50,600 or درهم220,400 per year) to include taxes and co-op fees.

 

June 2018 – The roof space is offered for sale by Douglas Elliman for £18.9 million ($25 million, €21.1 million or درهم91.8 million) according to Mansion Global.

 

2014 to 2015 – UK based artist and real estate investor Arnon Katz purchased the 1,800 square foot penthouse of Hampshire House as well as the rights to develop the two floors of roof space above it. According to Forbes, he paid £16.6 million ($22 million, €18.6 million or درهم80.8 million) in total – of which, surprisingly, just £3 million ($4 million, €3.4 million or درهم14.7 million) was for the 37th floor space according to Mansion Global.

 

January 2013 – Listed for sale for £12.7 million ($16.9 million, €14.2 million or درهم62.1 million) according to Zillow.

 

Facebook: @TheSteepleTimes

Instagram: @TheSteepleTimes

Twitter: @SteepleTimes

 

Steeply Priced Roof Space Slashed – Space to create The Penthouse, Hampshire House, 150 Central Park South, Manhattan, New York, NY 10019, United States of America heads to auction with no reserve after failing to sell for £30.3 million ($40 million, €33.8 million or درهم146.9 million) through Concierge Auctions.
The Penthouse, Hampshire House – In what was formerly home to mechanical equipment, there is potential for some truly spectacular entertaining spaces.
Steeply Priced Roof Space Slashed – Space to create The Penthouse, Hampshire House, 150 Central Park South, Manhattan, New York, NY 10019, United States of America heads to auction with no reserve after failing to sell for £30.3 million ($40 million, €33.8 million or درهم146.9 million) through Concierge Auctions.
The Penthouse, Hampshire House – Hosting guests indoors and out with a ‘wow factor’ will be possible for the ultimate occupant.
Steeply Priced Roof Space Slashed – Space to create The Penthouse, Hampshire House, 150 Central Park South, Manhattan, New York, NY 10019, United States of America heads to auction with no reserve after failing to sell for £30.3 million ($40 million, €33.8 million or درهم146.9 million) through Concierge Auctions.
The Penthouse, Hampshire House – A dining room with a view and a striking open staircase are planned for the unit.
Steeply Priced Roof Space Slashed – Space to create The Penthouse, Hampshire House, 150 Central Park South, Manhattan, New York, NY 10019, United States of America heads to auction with no reserve after failing to sell for £30.3 million ($40 million, €33.8 million or درهم146.9 million) through Concierge Auctions.
The Penthouse, Hampshire House – Cooking with a view.
Steeply Priced Roof Space Slashed – Space to create The Penthouse, Hampshire House, 150 Central Park South, Manhattan, New York, NY 10019, United States of America heads to auction with no reserve after failing to sell for £30.3 million ($40 million, €33.8 million or درهم146.9 million) through Concierge Auctions.
The Penthouse, Hampshire House – It is proposed that the master bedroom will not only have huge windows, but also a feature fireplace.
Steeply Priced Roof Space Slashed – Space to create The Penthouse, Hampshire House, 150 Central Park South, Manhattan, New York, NY 10019, United States of America heads to auction with no reserve after failing to sell for £30.3 million ($40 million, €33.8 million or درهم146.9 million) through Concierge Auctions.
The Penthouse, Hampshire House – The master bathroom is certainly vast.
Steeply Priced Roof Space Slashed – Space to create The Penthouse, Hampshire House, 150 Central Park South, Manhattan, New York, NY 10019, United States of America heads to auction with no reserve after failing to sell for £30.3 million ($40 million, €33.8 million or درهم146.9 million) through Concierge Auctions.
The Penthouse, Hampshire House – One of several terraces.
Steeply Priced Roof Space Slashed – Space to create The Penthouse, Hampshire House, 150 Central Park South, Manhattan, New York, NY 10019, United States of America heads to auction with no reserve after failing to sell for £30.3 million ($40 million, €33.8 million or درهم146.9 million) through Concierge Auctions.
The Penthouse, Hampshire House – The view over Central Park.
Steeply Priced Roof Space Slashed – Space to create The Penthouse, Hampshire House, 150 Central Park South, Manhattan, New York, NY 10019, United States of America heads to auction with no reserve after failing to sell for £30.3 million ($40 million, €33.8 million or درهم146.9 million) through Concierge Auctions.
The Penthouse, Hampshire House – Looking towards Hampshire House from Central Park.
Steeply Priced Roof Space Slashed – Space to create The Penthouse, Hampshire House, 150 Central Park South, Manhattan, New York, NY 10019, United States of America heads to auction with no reserve after failing to sell for £30.3 million ($40 million, €33.8 million or درهم146.9 million) through Concierge Auctions.
The Penthouse, Hampshire House – The building is next door to the famous Essex House.
Steeply Priced Roof Space Slashed – Space to create The Penthouse, Hampshire House, 150 Central Park South, Manhattan, New York, NY 10019, United States of America heads to auction with no reserve after failing to sell for £30.3 million ($40 million, €33.8 million or درهم146.9 million) through Concierge Auctions.
The Penthouse, Hampshire House – An image of the penthouse and tower in its setting.
Steeply Priced Roof Space Slashed – Space to create The Penthouse, Hampshire House, 150 Central Park South, Manhattan, New York, NY 10019, United States of America heads to auction with no reserve after failing to sell for £30.3 million ($40 million, €33.8 million or درهم146.9 million) through Concierge Auctions.
The Penthouse, Hampshire House – Floor plans for the prosed 36th and 37th floors.
Steeply Priced Roof Space Slashed – Space to create The Penthouse, Hampshire House, 150 Central Park South, Manhattan, New York, NY 10019, United States of America heads to auction with no reserve after failing to sell for £30.3 million ($40 million, €33.8 million or درهم146.9 million) through Concierge Auctions.
The Penthouse, Hampshire House – Floor plans for the proposed 38th floor.
Steeply Priced Roof Space Slashed – Space to create The Penthouse, Hampshire House, 150 Central Park South, Manhattan, New York, NY 10019, United States of America heads to auction with no reserve after failing to sell for £30.3 million ($40 million, €33.8 million or درهم146.9 million) through Concierge Auctions.
The Penthouse, Hampshire House – Floor plans for the proposed 39th floor.
c4cdbf8bb8f675b09d10a150c381b669?s=96&d=mm&r=g
Matthew Steeples
A graduate of the London School of Economics, Matthew Steeples is a writer and marketing consultant. He conceived The Steeple Times as a media arena to fill the void between the Mail Online, The Huffington Post and such organs as the New York Social Diary in 2012.

1 COMMENT

  1. It’s not a family home, is it? Most peculiar design. Interesting to find out who buys – maybe UHNW oligarch who desperately needs a 5th home.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Advertisement
Advertisement

Become a Patron of The Steeple Times

Independent journalism will only remain independent if it is supported by clear-thinking people like you. We each have the command to make a real difference. Join us.

2,668FansLike
2,068FollowersFollow
10,864FollowersFollow

Subscribe For DAILY NEWS

Please subscribe, like and share this very British site, it helps us grow. Your data is protected and The Steeple Times will send you an email at noon everyday that we rather trust you will enjoy.

Advertisement

Other Stories You May Enjoy

Carrie Johnson PR

Carrie PRs On

The Prime Minister’s puppet mistress Carrie Johnson’s latest PR spin campaign yet again illustrates her deviancy suggests Matthew Steeples.
Jim Davidson Gary Glitter

Moron of the Moment 2021 – Jim Davidson

As Jim Davidson’s decision to come out in support of the paedophile nonce Gary Glitter is declared a step too far (even for him), we share 10 of this buffoon’s very worst moments.
Joe Francis

Moron of the Moment 2021 – Joe Francis

Joe Francis, a “bestie” of the Kardashians, has yet again shown himself to be reprehensible in spitting over a woman with the aim of giving her Covid-19.
Gerry and Kate McCann #FindMaddie

The Madness of #FindMaddie

As #FindMaddie trends once again on Twitter for no apparent reason, ‘The Sun’ rehashes a stupendously stupid story about a psychic claiming the ‘missing’ child will become a famous singer in 2022 or 2024.
Queen Elizabeth II portrait removed at Magdalen College

The Students, The Portrait and The Outrage

Nikolay Kalinin shares his thoughts on Magdalen College removing a portrait of the Queen.
Mandy Selhurst roundabout ranter

Wally of the Week 2021 – Mandy Selhurst

Roundabout ranter Mandy Selhurst plainly has nothing better to do than to moan about wildflowers others would find wonderful; here is a traffic twerp with too much time on her hands.
Carbis Bay Hotel G7

Cornish Chaos G7

Nikolay Kalinin slams the disregard of the British government for the poor people of Cornwall as the G7 approaches.
Laurence Fox

Batty Fox

Nikolay Kalinin analyses Laurence Fox’s decision to pull out of the Batley and Spen by-election and suggests this batty man’s days in politics are nearly numbered.
Crackpot clairvoyant Michael Schneider claims he’s found the location of Madeleine McCann’s body; he remarkably did so with Google Maps, his fingers and the help of God (according to the ‘Mirror’).

Missing Maddie & Another Crackpot Clairvoyant

Crackpot clairvoyant Michael Schneider claims he’s found the location of Madeleine McCann’s body; he remarkably did so with Google Maps, his fingers and the help of God (according to the ‘Mirror’).
Epsom Derby 2021

Runners & Riders – Epsom Derby 2021

Matthew Steeples selects three ‘dark horse’ options for the Epsom Derby 2021 at 13/1, 8/1 and 15/1 as well as options for three earlier races.

Popular Articles From The Past

Weather

London
clear sky
20.2 ° C
22 °
18 °
65 %
0.5kmh
9 %
Mon
28 °
Tue
26 °
Wed
28 °
Thu
19 °
Fri
15 °