You know things are starting to get dicey out there when even a multimillion-dollar penthouse in Manhattan can’t sell.
It seems a developer in SoHo, having just recently finished primary construction for his high-rise condo tower, realized the project’s focal point – a $45 million, 8,400-square-foot penthouse – was just a bit too much.
“The air is very thin up there in that buyer pool,” was the way the builder, Kevin Maloney, put it to Bloomberg.
You’ll love the Solomon-esque solution Maloney came up with.
The penthouse has a wonderfully grandiose name: the Summit of SoHo.
Sure, it has its own indoor pool. And yes, it has 23-foot living room ceilings. Plus, it has not one but two private elevators. One goes to the lobby; the other is so you don’t have to take the stairs to the penthouse’s upper levels (for entertaining, a spa and a rooftop kitchen and grill).
But the stock market cracked hard at the start of the year, with the S
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