A Greenwich Village penthouse with serious bragging rights just hit the market, and the price tag is not shy about it. A triplex atop Sixteen Fifth Avenue is asking $59.95 million, a number that would set a neighborhood condominium record if it closes anywhere near that figure. The five-bedroom, 7.5-bath spread includes roughly 8,327 square feet of interior space and about 752 square feet of private outdoor terraces. It crowns a new building designed to echo the scale of classic Village townhouses, with four exposures and views stretching toward Washington Square Park. Brokers are pitching it as a rare, townhouse-scale home that still comes with full-building amenities and private entertaining spaces.
What the Listing Shows
According to Redfin, Penthouse 1 spans the top three floors of the building. Inside, there is a windowed Christopher Peacock chef’s kitchen and a great room finished with herringbone white oak. A solarium opens to an entertainer’s terrace fitted with a full outdoor kitchen, a setup clearly geared toward buyers who like their dinner parties with skyline views.
The listing, handled by Corcoran agents Ryan Kaplan and Tara King Brown, shows monthly common charges of about $16,897. Building amenities on the listing include a fitness center, a library lounge and an atrium dining room. On the Developer’s site, Sixteen Fifth Avenue is described as a Robert A.M. Stern designed limestone and brick condominium with 14 homes arranged across its upper stories.
How It Fits Into the Downtown Market
The ask lands in the middle of a downtown arms race for trophy properties. A multiple unit contract at 80 Clarkson has been reported at roughly $129 million, and if that deal closes, The Real Deal notes it would be the first nine figure sale below 14th Street. On top of that, a renovated West Village megamansion recently went into contract for more than $70 million, according to 6sqft, signaling that buyers with very deep pockets are still willing to push downtown pricing higher.
Broker Pitch and Record Talk
Corcoran’s Ryan Kaplan is not exactly downplaying the sticker shock. In marketing language quoted by the New York Post, he said the price “reflects scarcity and rare attributes,” a line clearly built around the idea that Greenwich Village offers limited supply at this scale. The Post also notes that a sale near the asking price would beat prior condo highs in the Village, and brokers are emphasizing that the triplex layout, size and private outdoor space are unusual for the neighborhood.
What’s Next
The triplex was listed on the MLS last Tuesday and is still marked as active, with showings by appointment, according to Redfin. With Greenwich Village inventory tight and a recent run of downtown trophy contracts, observers say a sale anywhere close to list would further cement the area’s place in the city’s high end residential market. For now, agents are expected to test the waters before entertaining serious offers, while the rest of the market watches to see whether the eventual buyer is a local name or another global heavyweight parking cash downtown.
