{"id":343561,"date":"2026-09-11T03:48:26","date_gmt":"2026-09-11T03:48:26","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/343561\/"},"modified":"2026-09-11T03:48:26","modified_gmt":"2026-09-11T03:48:26","slug":"former-40m-billionaires-row-penthouse-lands-6-76m-buyer","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/343561\/","title":{"rendered":"Former $40M Billionaires\u2019 Row penthouse lands $6.76M buyer"},"content":{"rendered":"<p>A raw Billionaires\u2019 Row penthouse once asking as much as $40 million has finally landed its first-ever owner, The Post has learned.<\/p>\n<p>The sprawling triplex tucked beneath the copper roof of Hampshire House at 150 Central Park South is pending sale for a considerably discounted $6.76 million following a July auction, according to a press release from Concierge Auctions, which handled the sale in partnership with listing brokerage Nest Seekers International.<\/p>\n<p>The deal comes after years of attempts to unload the unusual property, which spans roughly 9,000 square feet beneath the landmark co-op\u2019s distinctive mansard roof but remains largely unfinished. That\u2019s because it was always an attic used as mechanical space, and never for a residence.<\/p>\n<p>A rendering shows the penthouse tucked beneath Hampshire House\u2019s iconic copper roof. SPAN Architecture<\/p>\n<p>The penthouse, should it reach completion, will have sweeping views over Central Park. SPAN Architecture<\/p>\n<p>The identity of the new owner won\u2019t be known until the sale closes.<\/p>\n<p>The Post toured the penthouse shortly before it hit the auction block, getting a firsthand look at the enormous gap between what exists today and what could eventually rise in its place. <\/p>\n<p>Architectural renderings done by SPAN Architecture show soaring living spaces, sleek interiors and sprawling terraces overlooking Central Park.<\/p>\n<p>A rendering envisions a soaring living room with a floating staircase. SPAN Architecture<\/p>\n<p>The same spot remains a raw mechanical space today. Emily Fu for NYPost<\/p>\n<p>This rendering shows a marble-clad primary bathroom with sweeping Central Park views. SPAN Architecture<\/p>\n<p>The same proposed bathroom space remains a raw concrete shell today. Emily Fu for NYPost<\/p>\n<p>Another rendering displays an elegant dining room with high ceilings and city views. SPAN Architecture<\/p>\n<p>The same proposed dining space today. Emily Fu for NYPost<\/p>\n<p>The unfinished space still houses old building mechanical equipment beneath the copper roof. Emily Fu for NYPost<\/p>\n<p>Aging electrical equipment remains inside the raw penthouse shell. Emily Fu for NYPost<\/p>\n<p>The narrow ladder that provides access to the rooftop. Emily Fu for NYPost<\/p>\n<p>And the view is worth the climb. Emily Fu for NYPost<\/p>\n<p>In reality, much of the upper two levels remains former mechanical and storage space, with exposed concrete, aging ventilation ducts and decades-old building infrastructure still in place.<\/p>\n<p>Getting to the roof currently means climbing a narrow staircase through the unfinished space. At the top, however, is the payoff: sweeping views across Central Park.<\/p>\n<p>The raw bones come with an ambitious blueprint.<\/p>\n<p>Pre-approved plans by SPAN Architecture envision transforming the shell into a five-bedroom residence with four private terraces overlooking the park \u2014 including a rooftop entertaining area and a wet bar perched between Hampshire House\u2019s twin copper chimneys.<\/p>\n<p>Securing co-op approval for the ambitious redesign took roughly three years, listing broker Tal Reznik previously told The Post.<\/p>\n<p>A rendering shows the proposed rooftop wet bar perched between the twin chimneys overlooking Central Park. SPAN Architecture<\/p>\n<p>Another rendering envisions a rooftop walkway. SPAN Architecture<\/p>\n<p>The penthouse has had a long and rocky journey to a buyer.<\/p>\n<p><a href=\"https:\/\/nypost.com\/2018\/02\/15\/attic-transformed-into-triplex-overlooking-central-park\/\" rel=\"nofollow noopener\" target=\"_blank\">It first hit the market in 2018<\/a> and at one point carried a $40 million asking price before later returning with an $18.75 million price tag. An attempted auction in 2022 never got off the ground after bidding failed to reach the minimum threshold required to launch the sale, said Reznik.<\/p>\n<p>This time, the property returned to the block with a $6 million starting bid. After bidding concluded, Concierge Auctions announced that the penthouse was \u201cpending sale for $6.765M.\u201d<\/p>\n<p>If it ultimately closes at that figure, the price would be roughly 83% below the penthouse\u2019s one-time $40 million asking price.<\/p>\n<p>Still, whoever ultimately takes possession won\u2019t exactly be getting a move-in-ready bargain.<\/p>\n<p>Converting the existing structure into a white-box shell alone is expected to take roughly 18 to 24 months before interior finishes can begin, Reznik previously told The Post. The scale of the undertaking has long been one of the property\u2019s biggest hurdles, he said, as many ultra-wealthy buyers prefer turnkey homes over taking on years-long renovations.<\/p>\n<p>The rooftop as it looks today. Emily Fu for NYPost<\/p>\n<p>A rendering envisions a dramatic glass-walled living space beneath the copper roof. SPAN Architecture<\/p>\n<p>A rendering shows a private terrace with sweeping Central Park views. SPAN Architecture<\/p>\n<p>The landmark building has had its share of boldface residents, including opera legend Luciano Pavarotti.<\/p>\n<p>Meanwhile, Hampshire House is also still locked in litigation over neighboring supertall <a href=\"https:\/\/nypost.com\/2026\/06\/04\/real-estate\/kevin-maloney-calls-111-w-57th-st-a-financial-disaster\/\" rel=\"nofollow noopener\" target=\"_blank\">111 W. 57th St.<\/a>, alleging that construction there caused roughly $25 million in damage to the historic co-op. A judge granted Hampshire House partial summary judgment on liability in 2024, while the amount of damages remains unresolved.<\/p>\n","protected":false},"excerpt":{"rendered":"A raw Billionaires\u2019 Row penthouse once asking as much as $40 million has finally landed its first-ever owner,&hellip;\n","protected":false},"author":2,"featured_media":343562,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[20023,3968,4709,31752,75,9,56,63,65,64,1024,2453,1491],"class_list":["post-343561","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-york-city","tag-auctions","tag-billionaires","tag-central-park","tag-central-park-south","tag-manhattan","tag-new-york","tag-ny","tag-nyc","tag-nyc-headlines","tag-nyc-news","tag-penthouse","tag-penthouses","tag-real-estate"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/343561","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=343561"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/343561\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/343562"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=343561"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=343561"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=343561"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}