TOWN Fifth Avenue Launches the Most Iconic and Expensive Luxury Rental in the World

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TOWN Fifth Avenue Launches the Most Iconic and Expensive Luxury Rental in the World

TOWN Fifth Avenue has launched The Pierre Hotel Residences portfolio of ten Grand Suites which includes the record breaking $500,000 per month full 39th Floor. The property is listed by Therese Bateman and Andres Perea-Garzon of TOWN Fifth Avenue.

The full 39th floor, which includes the famed Presidential Suite, has never before been offered. Comprised of 4,786 square feet of living space, the floor includes a formal living room, formal dining room, sitting room, 6 bedrooms, 6.5 bathrooms and incomparable views of Central Park and Manhattan’s picturesque East and West skylines. At $500,000, this is the most expensive rental property in Manhattan, and arguably the world.

“With a location recognized around the world as the epicenter of luxury, the availability of this remarkable property meets an unmet demand for large rental apartments with terms that cater to the specific needs of each individual,” said Ms. Bateman.

The Pierre Hotel Residences have access to The Pierre’s bespoke luxury services including the Taj Royal Attaché, butler service, 24/7 Concierge, maid service, and the hotel’s chauffeur-driven Jaguar.

“We are delighted to be working with TOWN Fifth Avenue to launch The Pierre Hotel Residences, our flexible term luxury leasing program,” said Heiko Kuenstle, General Manager of The Pierre. “Guests will be able to stay with us for an extended period of time and have sole access to the full Presidential Suite floor in its entirety, as never experienced before.”

The Pierre Hotel Residences portfolio includes ten Grand Suites ranging in price from $75,000 to $500,000 per month.

Photos can be viewed and downloaded from: https://www.dropbox.com/sh/uqgzg7lc3csnjit/AAC-6cbs8nQ_RWhOCJnEqsIda?dl=0

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About TOWN Residential: TOWN is a top-ranked, fully integrated Manhattan real estate services firm created through the partnership of CEO and Co-Chairman Andrew Heiberger and Co-Chairman Joseph Sitt, specializing in luxury residential sales and leasing and the marketing, sales and leasing of new developments. An integral part of the New York real estate landscape, TOWN has a team that exceeds 600 licensed professionals and staff in the newly opened corporate headquarters at 25 West 39th Street and ten neighborhood offices: TOWN Greenwich Village, at 530 LaGuardia Place; TOWN SoHo, an 1886 landmarked corner storefront at 337 West Broadway; TOWN 79th Street, a corner storefront at 239 East 79th Street on the Upper East Side; TOWN West Village, a trophy office at 446 West 14thStreet; TOWN Astor Place, a block-storefront space overlooking historic Astor Place in the Gwathmey Siegel-designed Sculpture for Living at 26 Astor Place; TOWN Fifth Avenue, located in the prestigious Crown Building at 730 Fifth Avenue at 57thStreet; TOWN Flatiron, located at 110 Fifth Avenue and 16th Street; TOWN Greenwich Street, nestled in the heart of the Financial District at 88 Greenwich Street; and TOWN Gramercy Park at historic 33 Irving Place. For more information about these offices and TOWN Residential, visit http://www.townrealestate.com.

About The Pierre: The Pierre Hotel continues to set the standard for elegant, unrivaled hospitality in New York City. Its superb location on Fifth Avenue steps from Central Park, with its proximity to both haute couture boutiques and Manhattan’s famed Museum Mile, make it a much coveted Upper East Side location. An exclusive Forbes Travel Guide Five-Star and AAA Five Diamond property and a member of Leading Hotels of the World, The Pierre has also been named one of Condé Nast Traveler’s “Top 25 Hotels in New York City 2014” and among the “Top Large City Hotels in the United States by Travel + Leisure’s 2014 World’s Best Awards”.

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Lori Levin
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