This $118 Million Apartment Is for Sale One of the brokers on the popular TV show 'Million Dollar Listing New York' just put a seriously expensive penthouse on the market.

By Robert Frank • Jun 20, 2014

This story originally appeared on CNBC

$118 million penthouse listing now biggest in downtown NYC

Image credit: Richard Caplan

Ryan Serhant may want to change the name of his show – to "Hundred Million Dollar Listing."

Serhant, one of the three brokers in the popular TV show "Million Dollar Listing New York," has just listed a $118.5 million penthouse complex at the Ritz-Carlton hotel in Manhattan's Battery Park.

It's now the highest priced property in downtown Manhattan, topping a $110 million penthouse listing in the former Woolworth building.

It's unclear whether he'll get anywhere near that price of course. And these days ultra-high prices are as much publicity vehicles as they are realistic valuations.

But the property is a rare mega-home in Manhattan and Serhant has proven adept at moving big properties downtown. The $118.5 million listing covers 15,500 square feet with sweeping views of the Hudson River, the statue of Liberty and downtown.

It's on the top two floors of the Ritz, 39 and 40, and covers three units. They are only being sold together as one property.

We could tell you more about it, but the pictures tell the story.

Image credit: Richard Caplan

Robert Frank

Robert Frank is an award-winning journalist, best-selling author and leading journalistic authority on the American wealthy. He joined CNBC in May 2012 as a reporter and editor for the news organization.

Prior to joining CNBC, Frank was with The Wall Street Journal for 18 years, serving as a foreign correspondent in London and Singapore, and later covering Wall Street and corporate scandals. For eight years, he was the paper's Wealth Reporter, covering the lives, culture and economy of the new rich.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Most Popular

See all

Side Hustle

Want to Start a Simple Business That Helps the Planet? After 'One Night's Worth of Research,' He Started an Eco-Friendly Gig And Now Makes $200K a Year

Environmentally-conscious laws are picking up steam across the country. When one went into effect in Zach Cavacas's home state, he saw a lucrative business opportunity. Chances are, a similar law is coming to your state, or is already there.

By Frances Dodds

Business Solutions

Elevate Your Mac's Productivity with This $30 License

MacPilot uses the power of UNIX to unlock hidden features in your Mac computer.

By Entrepreneur Store

Franchise

The IFA Just Released Guidelines to Combat an Industry-Wide Problem. Here's What it Means For Businesses.

The guidelines, part of the responsible franchising initiative, are aimed at strengthening and expanding the franchise industry and franchising model via increased transparency.

By Carl Stoffers

Leadership

Joining Boards Early in Your Career Can Change Your Trajectory for the Better — Here's How to Harness Their Power.

Sitting on boards of corporations, educational institutions and community organizations can help entrepreneurs build their networks, expand their skill sets and share their professional expertise — just like it did for me. Here are a few factors to consider before joining a new board.

By Shakenna Williams