WHITE PLAINS, N.Y. – Carrying a price tag of $10,500,000, a custom penthouse in The Residences at Ritz-Carlton has become the largest condominium home sold in Westchester.
The White Plains penthouse occupies 10,700 square feet at Tower 2 of the mixed-use development that comprises two 42-story residential towers and a Ritz-Carlton hotel.
The undisclosed buyers of this home located on the 41st floor are a European family with business interests in international real estate.
The last penthouse in Tower 1 was sold in the fourth quarter of 2014 for $5,000,000. This 5,200 square foot home on the 41st floor now belongs to an American financial executive.
“These sales represent the largest condominium homes to be sold in Westchester County and reflect the growing confidence on the part of not only American buyers, but Europeans who clearly understand the true value of top quality real estate outside of Manhattan,” said Louis R. Cappelli, the managing member of Renaissance Rental Partners, LLC, the sponsor of The Residences at The Ritz-Carlton. “These individuals are savvy buyers who know that a comparable residence in Manhattan would be triple or quadruple the price.”
Cappelli highlighted views of the Manhattan skyline and Long Island Sound as well as sights of the Westchester and Connecticut countryside. He also emphasized buyers’ options to design customized residencies out of raw penthouse space.
Click here to sign up for Daily Voice's free daily emails and news alerts.