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Insane asking price for world’s worst New York penthouse

Hold onto your Akubras, folks, because this Manhattan “penthouse” is a real head-scratcher. Forget the glitz and glamour you’d expect from one of the world’s most expensive cities – this place is more “building site chic” than “luxe living.”

For a cool $1.095 million (AU$1.665 million), you could be the proud owner of… well, a glorified shell.

We’re talking bare brick walls, exposed electrical wires dangling like Christmas decorations gone wrong, and an unfinished ceiling that’s just begging for a hard hat.

This 159-square-metre “apartment” boasts stunning views of the New York City skyline, but inside, it’s less “penthouse paradise” and more “post-apocalyptic reno project.”

The only furniture is a sad-looking double bed crammed into a corner and a few sofas swathed in plastic, giving the whole place the ambience of a haunted construction site.

But wait, there’s more.

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Supplied Real Estate 706 Riverside Drive, New York. Source: StreetEasy

The New York apartment resembles more of a construction site then a luxe home. Source: StreetEasy

Supplied Real Estate 706 Riverside Drive, New York. Source: StreetEasy

Listing images show wiring hanging off the ceiling. Source: StreetEasy

Supplied Real Estate 706 Riverside Drive, New York. Source: StreetEasy

At least the home comes with stunning views. Source: StreetEasy

According to the listing agent, Michel Madie, this “meticulously gutted canvas is sold well below market.”

Apparently, you’re not just buying a fixer-upper; you’re buying “the best architect plans” to unleash your inner design guru.

Mr Madie even suggests you can “let the design evolve with your certainty, on your timing,” which sounds suspiciously like code for “this project is going to take forever and cost a fortune.”

On a positive, pets are allowed in the apartment complex – although no dog or cat would feel at home as is stands.

Unsurprisingly, the listing has set social media alight, with Reddit users having a field day dissecting the property’s “unique” features.

“Location location location,” one user conceded, “And you don’t have to rip out everything to start a reno – they’ve alrea dydone that.” Silver linings, eh?

“I would love that if I had another 500k to renovate,” another lamented, highlighting the eye-watering cost of turning this disaster zone into a dream home.

Supplied Real Estate 706 Riverside Drive, New York. Source: StreetEasy

Not sure we’d want to host a dinner party here. Source: StreetEasy

Supplied Real Estate 706 Riverside Drive, New York. Source: StreetEasy

At least there’s a bed. Source: StreetEasy

Others were less charitable.

“I like the idea of just lying down in a bed filled with sawdust at the end of a hard day’s work,” one wag commented.

“Glad they put the bed there. Really livens up the room,” another joked, perfectly capturing the absurdity of the situation, while another stated: “Bringing back the I’m a squatter look again.”

So, is this Manhattan “penthouse” a once-in-a-lifetime opportunity for a cashed-up renovator, or a million-dollar mistake waiting to happen?

The post Insane asking price for world’s worst New York penthouse appeared first on realestate.com.au.

July 14, 2025/0 Comments/by JKents
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