On the market for less than a month, this penthouse co-op was formerly the residence of Seagram’s billionaire and philanthropist Edgar Bronfman. After living in the home for forty years, the family listed the co-op in March with an asking price of $65 million. This sixteen room residence at the top of 960 Fifth Avenue has drawn a great deal of attention because of its wrap around terrace. While the décor is quite outdated and it is speculated that new owners will completely gut it for renovation, it still drew a $65 million offer first, which was quickly surpassed by the $70 million contract price.
At this point the penthouse is configured with sixteen rooms including five bedrooms, eight baths, a powder room, library, gallery, living room, dining room, kitchen with pantry and breakfast room, and laundry room. Also included in the sale is a lower level staff area with four bedrooms and two baths. Even with the dated décor, the home maintains many of the magnificent architectural details which distinguish it as a pre-war building: fireplaces, soaring ceilings, floor-to-ceiling windows, and hardwood floors. The 360 degree wrap around terrace offers coveted views of Central Park and the city skyline.
Currently the highest dollar co-op purchase recorded was sold in 2012: a $54 million penthouse also situated on Fifth Avenue purchased by David Geffen. In October 2013 a highly competitive offer was made for a different residence at 828 Fifth Avenue, which would have outdone this offer significantly (in at $75 million). Instead, the owner heiress decided to hold out for more money; but the last listing price was $72 million and it has yet to appear again on the market. Should this $70 million Brown Harris Stevens contract at 960 Fifth Avenue pass the board, it will rank as the most expensive co-op ever sold in New York City.