Penthouse Atop a Manhattan Boutique Condo Enters Into Contract for $11 Million

The 3,368-square-foot, four-bedroom residence centers around a courtyard to blend indoor and outdoor living

The largest and most expensive penthouse at 88&90 Lex, a twin-tower complex in Manhattan’s NoMad neighborhood, has found a buyer for $11 million.

The 3,368-square-foot, four-bedroom residence, dubbed Penthouse A, went into contract last week, per listing records. The buyer intends to use the penthouse as a primary residence in New York, a source familiar with the deal told Mansion Global.

This sale “reflects a major milestone that demonstrates the thoughtful design, desirable amenities and ideal location our buildings offer,” said Ziel Feldman, chairman and founder of HFZ Capital Group, the developer.

The developer, with the help of New York-based Workshop/APD Architecture & Design, converted two buildings—one a pre-war 1927 building and the other a post-war 1958 building—into two distinct condo towers. The pre-war features an Art Deco classic design, and the post-war is updated into a sleek and modern residential tower.

Sales of the development began in 2015. And the other two three-bedroom penthouses sold for $5.2 million and $6 million, respectively, in the first quarter of this year, according to public records.

Situated on a corner on the top floor of the 13-story 90 Lex, Penthouse A has an open-floor plan with a corner living room, dining room and an open kitchen. The residence features high ceilings, cove and recessed overhead lighting, grey oak floors, and concealed window pockets pre-wired for electronic solar shades.

There is a large, 38-by-18-foot private courtyard with built-in grill and kitchenette for outdoor entertaining.

Building amenities include a 24-hour doorman, a private garage, a fitness center, an indoor swimming pool with Jacuzzi, a landscaped roof deck, a children’s playroom and a lounge with screening room.

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HFZ Capital Group is a Manhattan-based real estate investment and development company formed in 2005. Today, HFZ has emerged as one of the most prolific developer of luxury residential condominiums in Manhattan. Presently the company is managing and developing over 6 million square feet of Manhattan real estate and bringing more than 2,500 luxury units to market. Some of HFZ’s recent projects include the acquisition, development and construction of mixed- use residential condominiums located at SOS West 19th Street, One Madison Avenue, Halcyon at 305 East 51st Street, The Marquand located at 11 East 68th Street, 11 Beach Street, 215 Chrystie Street, The Chatsworth located at 344 West 72nd Street, 20 West 40th Street, The Astor located at 235 West 75th Street, Fifty Third and Eighth located at 301 West 53rd Street, as well as the Shore Club in Miami Beach.

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