Mansion Global

Penthouse at Manhattan’s New Mandarin Oriental Building Lists for $15 Million

Chava Gourarie , Jun 04, 2024

It’s one of three pinnacle units at the recently completed, full-service tower on Fifth Avenue

A penthouse unit at the Mandarin Oriental Residences on Fifth Avenue in Manhattan has hit the market asking $15 million, Mansion Global has learned

The full-floor unit spans 2,437 square feet with two bedrooms, two terraces, and both Central Park and city views. The 24th-floor condo is one of three penthouses at the full-service condo building, developed by Shvo, and completed last year.

The 65 units at the building come furnished and move-in ready, stocked with brand-name bedding, tableware, appliances, bath products, and clothing through a Saks Fifth Avenue partnership.

The apartments were designed as pied-a-terres for the type of buyer who wants to hit the ground running when they arrive in New York, said developer Michael Shvo.

“Many of our buyers sign an apartment on a Monday, and by Friday they close and live in the apartment,” he said.

The units are also fully serviced by Mandarin Oriental, and residents can expect hotel-level service.

“This service level goes all the way into the apartment,” Shvo said. “Say you’re coming in from Paris, you make a call, you tell the GM that you’re coming in, they’ll stock your refrigerator, they’ll put your flowers there, they’ll go buy toys for your kids, whatever you need.”

The building also includes a private restaurant by chef Daniel Boulud, who manages the dining experience in the building, and one of the only rooftop pools on Fifth Avenue. All amenities are managed by Mandarin Oriental as well.

The penthouse unit includes views in three directions, with an open-plan living room and kitchen at the center facing north leading to a 170-square-foot corner terrace overlooking Central Park, and a second west-facing terrace off the primary suite.

Previously, the top-floor penthouse sold for $19.96 million and another two-bedroom penthouse sold for $15 million, both of which closed in December, according to property records.

In March, a resident at the property filed a lawsuit against the development firm, claiming that the experience did not live up to what they were promised, specifically in regard to custom millwork, according to court records and Curbed.

“It was one resident that complained,” said Shvo, when asked about the complaint. “He was complaining that his closet was too deep. That is the actual complaint.” The company has filed a motion to dismiss.

Shvo has also completed a sister property to the Mandarin Oriental Fifth Avenue in Beverly Hills, and manages the Aman Residences at 730 Fifth Ave., among many other projects in New York and Miami.

Photos by David Lipman