More New Yorkers jointly sell mega apartments

The $118 million super unit in the Ritz-Carlton Hotel in Battery Park

There really is nothing like a friendly neighbor.

A new strategy to attract buyers for apartments in the city has popped up. Those looking to sell their pads are working together with next-door neighbors to join adjacent units in a single deal.

One such example of what the New York Post calls “crowd selling” could be found at the Residences at the Ritz-Carlton New York in Battery Park. At the Ritz, Nest Seekers’ Ryan Serhant combined three adjoining apartments into a massive 15,434-square-foot, 12-bedroom unit on the 39th and 40th floors that is now on the market for a whopping $118.5 million. The posh pad is currently the highest-priced apartment on the market in the city.

The concept is popping up across the city. Examples of “crowd selling” can be found at 157 East 84th Street and 3 Gramercy Park West. [NYP] – Claire Moses

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