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NYC penthouse forged from a famed copper roof finds its first-ever owner for a fraction of its $40M ask

Add The New York Post on Google A raw Billionaires’ Row penthouse once asking as much as $40 million has finally landed its first-ever owner, The Post has learned.

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.

The deal comes after years of attempts to unload the unusual property, which spans roughly 9,000 square feet beneath the landmark co-op’s distinctive mansard roof but remains largely unfinished. That’s because it was always an attic used as mechanical space, and never for a residence.

The identity of the new owner won’t be known until the sale closes.

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.

Architectural renderings done by SPAN Architecture show soaring living spaces, sleek interiors and sprawling terraces overlooking Central Park.

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.

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.

Pre-approved plans by SPAN Architecture envision transforming the shell into a five-bedroom residence with four private terraces overlooking the park — including a rooftop entertaining area and a wet bar perched between Hampshire House’s twin copper chimneys.

Securing co-op approval for the ambitious redesign took roughly three years, listing broker Tal Reznik previously told The Post.

The penthouse has had a long and rocky journey to a buyer.

It first hit the market in 2018 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.

This time, the property returned to the block with a $6 million starting bid. After bidding concluded, Concierge Auctions announced that the penthouse was “pending sale for $6.765M.”

If it ultimately closes at that figure, the price would be roughly 83% below the penthouse’s one-time $40 million asking price.

Still, whoever ultimately takes possession won’t exactly be getting a move-in-ready bargain.

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’s biggest hurdles, he said, as many ultra-wealthy buyers prefer turnkey homes over taking on years-long renovations.

The landmark building has had its share of boldface residents, including opera legend Luciano Pavarotti.

Meanwhile, Hampshire House is also still locked in litigation over neighboring supertall 111 W. 57th St., 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.

Read original at New York Post

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