Yours for a snip: the Manhattan flat going for $70m

[emad]

David Teather in New York
Monday October 11, 2004
The Guardian

It comes with its own ballroom, nine bedrooms, four terraces, heated marble floors and an address on the swankiest street in the most glamorous city in the world. New York's most expensive apartment is about to go on the market for $70m - £39m.

The Wall Street financier Martin Zweig will invite offers for the 11,000 square-foot (1,022 sq metre) apartment this week, the New York Post reported.

In a city of notoriously tiny living spaces, the glory of the three-story residence is its "grand salon", a cavernous former hotel ballroom 23ft high, complete with ornate chandeliers.

The penthouse is above the Pierre hotel on Fifth Avenue. Anyone scraping together the cash, though, should be aware of the monthly service charge of $48,000. For that you get full hotel room-service, and twice daily maid service, clean bathrobes and linen and mints on the pillows.

More:
http://www.guardian.co.uk/usa/story/0,12271,1324334,00.html

[olddem43]

1. How much are the payments on this?

I could pay $700 per month for 1,000,000 months.