The massive triplex penthouse at the Pierre hotel — once the city’s most expensive listing, asking $125 million — has been purchased by Cantor Fitzgerald CEO Howard Lutnick for a stunning discount at $44 million, Page Six can exclusively reveal.
The respected Wall Street veteran, who rebuilt Cantor Fitzgerald after losing his brother and 658 of his colleagues on 9/11, and his wife Allison have bought the iconic property from Barbara Zweig, the widow of financier Martin Zweig, who listed it after her husband’s death in 2013.
Multiple sources confirmed that Lutnick has just bought the 12,000-square-foot pad, which spans the top three floors of the iconic hotel, for an astonishing $81 million less than the initial asking price four years ago.
The palatial penthouse, with its green mansard roof that is part of the iconic New York City skyline, includes a grand room with a 23-foot ceiling that was the Pierre’s original ballroom and was dubbed “the most magnificent, privately owned room in the world.”
The 16-room apartment has four terraces with 360-degree views including all of Central Park, five bedrooms, a library, five working fireplaces and a private elevator. It costs $51,840 per month to maintain.
After hitting the market in March 2013 at a then-staggering $125 million, it was reduced by $30 million to $95 million in December. In early 2015, the price was slashed again to $63 million before it was taken off the market. Following a modern redesign, it was listed again in April 2016 for $57 million.
The landmark hotel, at 795 Fifth Ave., was built in 1930 and bought by J. Paul Getty 10 years later who sold co-op apartments in the building. It currently boasts Kathy and Rick Hilton, and Tory Burch as residents.
Billionaire Lutnick and his wife — who also have an Upper East Side townhouse and homes in Bridgehampton and Bal Harbour, Fla. — didn’t respond to requests for comment. A rep for Cantor Fitzgerald told Page Six, “We do not comment on private matters.”