NYC’s newest trophy condo is at Woolworth’s: $3,000 a sq. ft possible–Howard Lorber

Woolworth Building Tower. Built in 1913, it was the tallest building in the world.

Top Floors of Woolworth Building to be Luxury Condos–NYTimes

The Woolworth Building’s neo-Gothic tower, one of New York City’s most recognizable landmarks, is about to be turned into luxury condominiums, a transformation that would be second only to placing penthouses atop the Chrysler Building or the Empire State Building.–NYTimes, 8/8/12

The project will cost approximately $150 million, including its $68 million purchase price, a spokesman for Alchemy Properties said. Although apartment prices have not been set, they may sell for as much as $3,000 a square foot, said Howard Lorber, chairman of the brokerage firm Prudential Douglas Elliman. That could mean $7.5 million for a 2,500-square-foot unit. The penthouse at the pinnacle could command more.–via NY Times, 8/8/12


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