THE MOST EXPENSIVE HOME IN THE WORLD ($250,000,000)

this is the most expensive home in the world at 250 million dollars it's also the tallest residential building in the world to the point where you could actually see the curvature of the Earth right from your living room and today you'll get to see exactly what it's like to live here in the heart of New York City at Central Park Tower this is the penthouse it's the highest residential home on the planet so you're looking up towards the Adirondack Mountains right so you're basically looking up towards the horizon of Upstate New York that's the George Washington Bridge looks really really small here you know just playing piano here you're looking to the right you're looking at Upstate New York and you're looking to the left and you're waving down at the Statue of Liberty you have lower Manhattan but this is the Grand salon upstairs is mostly our bedroom floors so like the family floor and then the top floor is your entertaining floor you know you have a ballroom that is equivalent to the size of a full NBA court basketball court and then the outdoor space You Got The Chef's Kitchen you've got all the security and everything so what makes the property so expensive the comparable sales mostly right we're asking just over fourteen thousand dollars a square foot not including the exterior here the most recent large penthouse on billionaires row just sold below us at a building in front of us for twenty thousand dollars a square foot so as we look at the comps where over five thousand dollars a square foot less expensive and then you also look at replacement costs took three billion dollars to get to this place it's something people don't really realize because like you and I are walking through this apartment it's fully furnished it's beautiful it's great like this to get to this point hook almost two decades so when you think about the price point it's not just okay this apartment that's in the air with these views it's the amount of time that went into assembling the different Lots over here with the developer the amount of effort that went into getting us here like there's 360 million pounds of concrete there's a part of the value that goes into will that ever be replaced and sure could someone do another huge Tower somewhere else in the city yes I mean not in front of us your views are protected right we're on the park but with costs I mean everything's just going to get more and more and more expensive so this is the dining area again it could be whatever you want Florida ceiling Windows all the way through you're watching the ball drop in Times Square while you're having dinner it is right there we're on top of it so close all right it's right there I mean our team literally was in here at New Year's getting the footage and it was nuts Times Square was full it was crazy yeah I mean it's like you're right here leading down towards Broadway and you're watching you're basically watching Manhattan grow and the original Towers I mean that's the Empire State Building see that little guy yeah that's empire state that tiny thing that little that little that little person over there that's that's uh that's the Chrysler Building MetLife you've got the summit one Vanderbilt that's all of Hudson yards the person who can afford a 250 million dollar home is a is a multi-billionaire and so it'll be a multi-billionaire trophy real estate collector an investor they probably have multiple other homes around the world and they want to own the highest residential home on the planets and definitely the single greatest trophy asset in New York city so how do you prevent the building from swaying since we're so tall so a couple different ways think about a sailboat right yeah if you see a sailboat you kind of have that Keel underneath and so that prevents the boat the most part from flipping over right when it's just sitting there or In Waves so a building like this has what's called a damper so it's a massive massive massive counterweight that's up towards the top of the building that counters the movement of the earth and the movement of wind and so in this building it's the largest damper in the world it's about 1200 tons so this is Kitchen number one okay of how many kitchens of two so there's a family kitchen and then you have a catering kitchen that's a fully built Chef's Kitchen everything like you know speed dishwashers and and all of that so the Interiors of this apartment were done by rattat Studios and so all the finishes are custom everything slabs from Italy you name it the architecture is Adrian Smith and Gordon Gill they're famous for doing some of the tallest Towers in the world how did you get the listing like I get every listing I beg and I plead and I cry and I kick and I scream until I get it um no I I've built a brand over 15 years of of selling some of the most expensive and luxurious homes in the world from 20 million to 150 million dollars and so when this was about to come on the developer who I've known for a long time reached out to me and said I have something I want to show you and I said do you think you can sell it I said yes but it won't be quiet and he said okay so this is the breakfast room okay so you've got these beautiful stone floors extra high ceilings you've got exposures I mean everywhere right so that's New Jersey I mean you can see much much further than New Jersey but it's it's pretty insane um it's why I mean again from breakfast you could just be sitting here with a cup of coffee all day long if you want and you'll watch the sun rise go over the city and then set without ever having to move this is the receiving room the reception room as the entrance predominantly is going to be right there kind of where we started you open the door the first thing you see is Central Park is your Runway I'm going to take a look I'm so scared but you can see down you could see down to the ring everything there's a private restaurant in this building just for unit owners yeah and it's on the 100th floor it's called 10 cubed it's the only 100th Floor Club in the United States um and so you have dinner like right here a thousand feet in the air it's pretty nuts and you can see the fog starting to burn out over there you can see the river is really really blue right now is the club open to the public or just people everything's just open for the building really yeah you have multiple swimming pools I mean there's there's thousands and thousands of square feet of amenities just for the building there's a full-on spa basketball court fitness center there's a movie theater Business Center children's playroom I mean it's so when you're going to the club it's just your neighbors that's yeah I mean think about a country club right like if you're at a country club you have dinner there you could bring guests but people aren't driving in off the street to come pick up a steak the amenity package in this building is also another big reason that people buy here because it's unlike anything I've ever seen in a residential building especially in the United States it has everything from the private club we talked about on the 100th floor so it's a restaurant a menu catered by three separate Michelin star chefs The Cigar Room the conference rooms the the lounge that's there you could have a wedding you get holiday events everything and there's just a lot more but those are the main ones so this is your desk have a seat this is you you could be sitting here you could be doing you could be doing your your show and everything here and then that's your view I could get used to this yeah make sure to subscribe how much do you spend on marketing personally for a property like this an amazing amount of money we are probably going to be around a hundred grand out of pocket for this not including the like the time right the content the the Staffing and payroll of our team that spends a lot of time here what's the craziest thing that you've done to sell a listing you know I I hired a marching band to surround a townhouse once to drown out the noise so that we could sell that house and we sold it for eight million dollars right so now this is actually a really really special feat of engineering this is a 50-foot glass Atrium and so how do you carry it up three floors without actually anchoring it into the facade so it's it's anchored into the columns and then reinforced back into the floors as you go up and so it's it's weaving more than anything else so this whole Wing that's on the park is your primary Suite you have two separate bathrooms gorgeous obviously everything book match you've got the floating tub here that's floating literally I think this is probably the highest residential bathtub on Earth okay it's like everything is a first year so and then this is your primary bedroom get your full seating area so this is the view you wake up to at this point you're kind of like all right this would be fun with a laser pointer and just I don't know would it make it that far it would you could wreck havoc from up here yeah I work just as much honestly I I've tried to figure out ways to work less but then I just end up doing more and then you have higher quality work higher quality problems as you kind of progress in your career and so a mistakes become so much higher you know so when I started I was working seven days a week all the time but the stakes were if I don't rent an apartment and get a commission I might not be able to pay my rent now it's I have my own company I have you know almost 350 people now that depend on me you know I gotta pay payrolls and there's taxes and consequences and risk and so now I got to work extra hard in my mind to keep to keep it up and to build it and to grow it there's just a different type of work but the work ethic hasn't changed all right so after you we'll go up to the 131st floor we're going to 1416 feet above the streets of New York City and without further ado the highest private Ballroom on Earth oh my gosh so this is 2 000 square feet you have the same 27 foot ceilings when we first listed this I guess two months ago or so yeah um I had a 100 person plated dinner in here and it was it was like it was like it was empty because the room is so big it's hard to see because it's so big but this is like almost I mean it's a basketball court over 1400 feet in the air I'm so afraid of getting close to this you're okay I'll Hold You Down it makes it worse talk about a job down there you're saying look at this how high oh my God oh my gosh oh man how do they do that ah what do you think a buyers would use this for probably exactly what I've used it for which is you know there's a lot of people who've come through who are incredibly wealthy and so they also are big donors so they'll do a private fundraiser once a quarter in their own Penthouse right do private dinners like different I mean you could do runway shows in here there's so many things that you can do you know I was actually thinking if there's any NBA players that that follow you that are there if you want to do some fun content and you're in New York City I'll get a basketball hoop up here and we'll still play a game I think that would be fun we're also in this apartment we're above sound so you'll see when we go on the Terrace okay there's no noise you don't hear the hustle and bustle of the street you don't hear sirens it's incredible because you have the entire view of Central Park you can see the Statue of Liberty you could see basically the entire world from up here sound almost dissipates probably you know close to where this is in the top and you're almost completely insulated from the wind with these every other buyer for this is going to come in and say where's the doors where are the exits How could somebody come up here and find me right they're going to be very nervous and worried about security and so that's pretty tantamount in this building to protecting whoever this person might be and like this is the penthouse there is a lower duplex that's beneath us doesn't have the third floor or the outdoor space for the low price of 175 million dollars so you know there are there every apartment in this building is expensive there is no one that is buying into this apartment that is that is making ends meet and so security is really really really important to everybody and that's probably what they think about first so the other great thing about this building is that it comes with state-of-the-art amenities like this incredible gym with extremely tall ceilings you also have a squash and a basketball court in here I'm going to try to make a three-pointer every single time I do it I miss oh man what is your advice for any young entrepreneurs or real estate agents who want to get into the business you just got to get started I meet so many people who like dip their toe and then take it out or try real estate for a couple months and then go and do something else because they want the nine to five or they want the paycheck and they want the security like I am a firm believer that anyone can do this business if we're talking about brokerage right being a real estate developer is a different story being an architect a contractor there's a lot of different things in the real estate world but if you want to sell property anyone can do it you just have to put in the work and you have to be willing to also work on yourself this is a very personal business right um and so I think you just have to get in just start and don't take any days off for the first three years and I think they also have to like And subscribe if they haven't done that already if you do that it'll go a long way in your future real estate career what's your skin care routine you got such good skin my skin care routine um

Channel: Graham Stephan

Views: 1,857,346

Keywords: investing, investing for beginners, investing in your 20s, how to invest, how to invest in real estate, how to invest in stocks, stock market investing, stock market investing for beginners, stock options, robinhood, robinhood app, best stock trading app, how to be a millionaire, how to be a millionaire in 3 years, credit score, credit score explained, credit card, credit cards for beginners, passive income, how to build wealth, how to build wealth in your 20s, real estate 101

Id: JMWFS26v9fM

Length: 13min 37sec (817 seconds)

Published: Fri Feb 17 2023