# $100,000,000 Luxury Penthouses Introducing the Most Luxurious, Priciest Apartment in NYC By Itai Buenahora | Published 2014-03-28 | Luxury Source: Trend Hunter, https://www.trendhunter.com/trends/luxury-penthouses References: [gizmodo](http://gizmodo.com/this-three-story-penthouse-will-be-nycs-most-expensive-1551998755) & [online.wsj](http://online.wsj.com/news/articles/SB10001424052702303725404579459791911579648?mod=WSJ_RealEstate_MiddleBuckets1) These [high-rise luxury penthouses](https://www.trendhunter.com/trends/ph8-penthouse) in New York City are home to the most expensive apartments to ever be built. This vertical mansion is set to be the city’s most expensive unit, with a hefty price tag of $100,000,000. The penthouse consists of three levels located at the crown of a luxury tower on the renowned Park Avenue. At 51 stories high, the building isn’t the tallest, but at a whopping $10,000 per square foot for the unit, the [private terrace triplex](https://www.trendhunter.com/trends/40-ph) is a royal accommodation. Located in the heart of what is said to be ‘Billionaire’s Row,’ the apartment features a sleek private pool among many other luxurious details. This genuinely posh apartment will be home to an owner with a thicker-than-average wallet. ## Trend Insights (Trend Hunter) - Score: 6.5/10 - Popularity: 91% | Activity: 97% | Freshness: 8% - Audience gender: 50% men, 50% women - Primary generations: Millennial, Gen X - Top markets: North America ## Categories [Trend Hunter](https://www.trendhunter.com/trends) > [Luxury](https://www.trendhunter.com/luxury) > [Ultra Luxury](https://www.trendhunter.com/ultraluxury) ## Key Themes ### Why This Trend Is Growing - **High-rise Luxury Penthouses:** Opportunity for developers to create high-end, luxurious living spaces in vertical mansions. - **Expensive Apartments:** Potential for the luxury real estate market to cater to wealthy individuals with exclusive and pricey housing options. - **Billionaire's Row:** Insight into the growing demand for opulent and extravagant properties in prime locations. ### Industries Being Reshaped - **Real Estate Development:** Scope for developers to build and market luxury high-rise penthouses targeting the ultra-wealthy. - **Luxury Real Estate:** Disruptive potential to create a niche market for the highest echelons of society by providing exclusive and costly apartments. - **Architecture and Design:** Opportunity for architects and designers to create unique and lavish living spaces that cater to the desires of affluent buyers. ## Related on Trend Hunter - [Extravagant New Year's Meals](https://www.trendhunter.com/trends/empire-steak-house-nyc.md) - [Modern Panoramic View Penthouses](https://www.trendhunter.com/trends/panorama-penthouse.md) - [Eccentrically Designed Historic Penthomes](https://www.trendhunter.com/trends/crina-arghirescu-rogard.md) - [Dynamic Reimagined Miami Penthouses](https://www.trendhunter.com/trends/jz-apartment.md) - [Diamond-Inspired Luxe Skyscrapers](https://www.trendhunter.com/trends/villa-miami.md) - [Manhattan-Honoring New York Residences](https://www.trendhunter.com/trends/mcgovern-project.md) - [Cylindrical Furnished Penthouses](https://www.trendhunter.com/trends/one-park-drive.md) - [Tall Beachfront Residential Buildings](https://www.trendhunter.com/trends/bentley-motors.md) - [Hyper-Luxury Submersible Superyachts](https://www.trendhunter.com/trends/migaloo-m5-superyacht.md)