The most expensive home in New York: Lavish penthouse owned by trader who predicted 1987 market crash to go for $120million

A triple storey penthouse on top of one of New York’s best hotels is due to break the record books  by going on sale for an eye-watering $120million.

The 12,000 square foot penthouse on the top three floors of the luxury Pierre hotel is predicted to sell for up to $120million which would make it New York’s most expensive piece of real estate and one of the country’s most expensive homes.

It was owned by Martin Zweig, a stock investor and market, expert who died last month at the age of 70 and was well-known for predicting the 1987 stock market crash.

Sources have told the New York Post their eye-watering predictions for the sale of the penthouse bought at a comparative snip for $21.5million in 1999.

The plushly decorated triplex has a ballroom, four terraces, five fireplaces and some rather spectacular views of Manhattan.

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