Here’s what you could buy instead of a US$42m NYC apartment

A 4-bedroom spread on Manhattan’s so-called Billionaire’s Row sold for that much in September. How much further would that money go outside of New York City?

By JAMES TARMY

In September, a 6,240 sq ft four-bedroom apartment sold for US$42 million (RM175.14 million) in New York City.

The spread spans the 77th floor of One57, an apartment tower in midtown Manhattan on so-called Billionaire’s Row at the southern end of Central Park.

It’s a staggering price by any standard, except perhaps its own: In 2015, the property was purchased for more than that, US$47.8 million, and then listed two years later for US$52 million.

It has a private elevator entrance, floor-to-ceiling windows overlooking the park and Brazilian rosewood flooring.

Given the US$10 million cut from the earlier asking price, did last month’s buyer get a deal? When it comes to the billionaires-only market (particularly when that market is slumping dramatically), value might exist only by comparison. To that end, check out properties around the world that you could buy instead for a similar sum. — Bloomberg

Beachfront estate, Brazil, US$43.6m

(Source: Bossa Nova Sotheby’s International Realty)

Listed as a “farm”, the estate has 1.2km of private beach near Porto Seguro, a resort town with its own airport. (The area is about an hour-and-a-half flight north of Rio de Janeiro.)

The farm, which in reality is an extremely high-end compound, covers about 500 acres (202.3ha) and has nine buildings with a total 42 bedrooms and 62 bathrooms.

The compound has a helipad, swimming pools, tennis courts, a soccer field, gym and extensive staff quarters, and the property is maintained by two generators, an underground irrigation system and a reservoir that holds 100,000L of water.

Cliffside mansion, Barbados, US$40m (main picture)

The 10-bedroom, 10-bathroom Cove Spring House is on a private beach in the parish of St James on the west coast of Barbados. Set on 1.3 acres, it has views of the sea from most of its rooms.

Built out of coral stone, the building has two floors of balconies; outside are a large swimming pool, guesthouse and gym. The extensive outdoor space, which includes multiple gazebos and lush gardens, is surrounded by a fence and accessed via an electric gate.

Mountaintop compound, Los Angeles, US$39.9m

(Source: Christie’s International Real Estate)

Located on more than five acres at the end of a cul-de-sac, the mansion has six bedrooms, six full bathrooms, two half baths, a 12-person home cinema and a full gym.

Accessed via a private gate, the manicured grounds include a pool, hillside tennis court, fountains, terraces and mature trees.

Thanks to its location, virtually everywhere on the property — inside and out — has sweeping views of the city.

Lakefront mansion, Canada, US$45m

(Source: Sotheby’s International Realty Canada)

Completed in 2006, the house, known as Chelster Hall, has an exterior reminiscent of the 19th century and a more up-to-date interior.

The Toronto-area home has six bedrooms and 13 bathrooms spread across a whopping 43,850 sq ft. Considering its size, it should be no surprise that it was designed for entertaining. There are grand entertaining rooms, a billiards room, dining room, library and indoor pool.

The basement includes a wine cellar, safe room, “Tuscan wine cellar” and bowling alley. Outside are another pool and a tennis court, and the rolling lawn extends to Lake Ontario.

The house comes with a standalone chapel, which, depending on taste, could easily be converted into something recreational.

Canalside mansion, Florida, US$39.9m

(Source: Christie’s International Real Estate)

This almost 13,000 sq ft home in the Port Royal area of Naples, Florida, was built on two lots in 2002 and has its own putting green. The house has five bedrooms and eight full baths.

It includes a massive wine cellar, large chef’s kitchen, pool and three-car garage. The property is a 20-minute drive from the Naples airport and a 10-minute drive from downtown.