After all, it's only 8,000 square feet over three floors on the top of CitySpire. Even in Manhattan, where the average price per square foot is well over $1,000 ($1,117 at the end of 2011), and many are closer to $4,000 and up, asking $12,500 per square foot is pretty steep. Throw a few million on top as a premium of that amount of space and you're still below $30 million.
Of course, $4.5 million is now $7 million with inflation, and there was the cost of constructing the apartment, which was purchased as raw space for $4.5 million in 1993. But could that be more than $5 million?
That said, it does have three floors with 360-degree views of the city from the terraces that ring the entire apartment. But is that worth $50 million?
To quote our best New York real-estate goddess friend, "There's only one New York, and from this home, you can see all of it. Besides, with a condo like this, price per square foot doesn't even consider into the equation. It's being able to have something no one else has."
She's got a point, and reckons it will go for closer to $75 million. Let us know if you're interested in buying it, and we'll put you in touch with her, and she'll get in touch with the listing agent - Robert de Niro's son, Raphael.
Click here to see the listing for the Penthouse at 150 West 56th Street.
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