Monday, April 19, 2010

America's costliest condo

The most expensive condo is now on sale. Pièce de résistance, which is located in Mark Hotel, is selling for $60 million. Each square foot costs $6,600. If there was a 2,200 square foot house being built today at that price, it would cost $14 million. This condo is 9,037-square-foot with "five-bedroom, eight-bath, duplex penthouse, with a huge terrace."Along with these great features, the condo has great views in every room.

If there was a more expensive condo, I would like to know. This condo comes at an expensive cost, but I am sure there are buyers, such as CEOs. For CEOs who work in Manhattan, I think it would be worth the price to buy this condo because it is in the heart of the financial center, and it may be relatively close to their office. However, others might think at such a price in this economy, would it be really worth the price?

2 comments:

devin_yan said...

60 million??? are you serious.. thats crazy. ahha. I bet there are only a select few that will be able to afford to buy this condo, but i do agree with clinton that it could be beneficial since its in the middle of a financial center.

Serena said...

I think it would really depend on the person to decide whether the condo is worth the price or not. If you make a lot of money and can afford it and you enjoy living a luxurious life, ofcourse you'll feel that the condo is worth it. And since the building is located in a a busy financial center, more people may feel compelled to live there where that can easily commute to work and it can be mroe convenient that way. I'd have to admit that the price is crazy though.