Inside £220million New York penthouse that’s most expensive US property

America has its fair share of luxury properties, from those in the swanky streets of Beverley Hills, to the waterfronts of Miami Beach.

But have you ever wondered what the most expensive property is in the US? Well, you're looking at it. This stunning New York penthouse is currently the priciest listing in the US housing market, with a current value of a cool £220million.

With its winding stairwell taking you through the three-story high apartment that spans 17,500 square feet, it's not hard to see why this property has captured the attention in the Big Apple.

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Though not everyone is convinced the price tag is one to entice buyers to pick up the keys to their own place on 'Billionaires' Row'.

The property is housed on the 129th to 131st floors in Central Park Tower, in an area of Manhattan famed for its glamorous strip of skyscrapers that run adjacent to the south side of the city's Central Park. Standing at over 1,400 feet above sea level, it is at the top of the world's tallest residential building, giving jaw-dropping 360-degree panoramic views over New York and its surrounding suburbs.

Its stairwell runs through the centrepiece of the main salon, taking you up through the sprawling property, where you can find seven bedrooms, eight bathrooms and three powder rooms.

Not to mention, it also has a 2,000-square-foot ballroom, with ceilings towering 27-feet above – Strictly Come Dancing eat your heart out!

Ryan Serhant, 38, has become a well-known figure in the US Real Estate scene as a star of 'Million Dollar Listing New York' and his own spin-off 'Sell it Like Serhant'. His company have won the chance to market this New York penthouse and he admits its like nothing else he's seen during his career to date.

“I’ve been selling real estate for 15 years now, and I’ve sold some of the most expensive real estate in New York, Florida, everywhere,” said Serhant. “I have never seen anything like this apartment.”

However, whilst there is plenty to like about the property, it's no real surprise to hear there have been problems shifting it in the current climate. With the financial markets and economy still holding plenty of uncertainty, attracting a billionaire to invest in his own luxury pad arguably couldn't have come at a worse time for Serhant.

In the last year, apartments selling above $10m have dropped by 38% (via Miller Samuel), while the most expensive sale in Manhattan came in at $74m (£68m) for a penthouse at the new Aman New York condo, situated roughly just 30 blocks away.

“I consider this (£220m) a fantasy price,” said Donna Olshan, a Manhattan luxury broker, as reported by CNBC.

Olshan explained how the property was priced way above that of other apartments in the building per square foot that have sold in the last year. The average price-per-square-foot of the 23 sales comes in at $5,228.

Meanwhile the penthouse is hoping to fetch in the region of $14,000 per square foot. There are obvious advantages this property has over its rivals, though, given its outstanding views and other plus points.

“I know it sounds crazy, but relatively speaking, it’s priced at a great value on a per-square-foot basis,” Serhant insists. “It’s just a very, very big apartment with lots of amenities.”

Among its other eye-catching attractions, the penthouse has the world's highest terrace which overlooks Manhattan at a nerve-jangling 1,460 feet. It also has two swimming pools – a 62-foot one indoors and a 60-foot pool outdoors.

Naturally a spa, gym and games room are included, plus a squash court, private garden and a cinema room. Working from home has never been more popular, and the property even boasts its own conference room, while for those wanting to relax and unwind, the Michelin-star chefs at the private restaurant can knock up a treat before residents can retire to the wine and cigar lounge should they wish.

It's clear that this is not your average luxury penthouse and while buyers in general appear to be heeding with caution in a volatile market, Serhant claims the lure of owning the most expensive property in America is enough to attract the attention.

“The purchaser of this apartment is someone who is looking to diversify their assets,” he said. “It’s someone who probably owns expensive art, probably has an expensive car collection and other things, and they want the best of the best.”

“When [one interested billionaire] saw it come onto the market a few days ago, they reached out and said ‘Is this the best apartment in the world?’ I said ‘yes,’ and they said ‘I’ll fly in to see it’.”

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