Pending Walker Tower Penthouse Contract To Set Record For Residential Property In Manhattan

The full-level Penthouse One at Walker Tower is currently under contract for more than $50 million after being on the market for less than a month. The pending sales price of this Chelsea-based high-rise residence establishes a new record for a residential property in Manhattan.

Property Markets Group and JDS Development Group, the developers of the residence recently released these facts on its 5,955-square-foot condo. Originally designed by architect Ralph Walker and built in 1929, the building was then transformed into a 47-condominum high-rise community by Architectural firm CetraRuddy.

Amenities of the building include a 24-hour doorman, a concierge, a fitness center with a yoga room and sauna, a common roof deck, dining room, observation area, sun lawn, and a covered cabana room. All of the condominiums have a Creston Home Automation system, which includes a zoned humidification system, electronic shade control, and an HVAC control.

"Selling Penthouse One for north of $50 million has vindicated our belief that discerning buyers would understand and value the unique attributes of Walker Tower," said Elliott Joseph, a principal of the Property Markets Group. Penthouse One is a five-bedroom, five-and-a-half-bath home with a panoramic view of Manhattan. The residence has a formal entrance gallery and foyer, 13-foot coffered ceilings, three wood burning fireplaces, French herringbone oak wood flooring, and about 500 square feet of outdoor space.

The kitchen is appointed with marble and limestone countertops, along with top-end appliances. The master bedroom suite has sweeping south and east views, a fireplace, and a marble bathroom with more than nine feet of windowed surroundings.

"Walker Tower continues to be a record-breaker for good reason — quality, location, views and architecture," said Michael Stern, founder of JDS Development Group. With all the luxury properties being raised in Manhattan, it does prompt speculation as to how long this property will hold the highest sale prices of residences in the borough.