Introduction to a Time Capsule
On the Upper East Side, one penthouse listing is proudly embracing its bold past. A four-bedroom, four-bathroom aerie at 425 E. 63rd St. has listed for $2.89 million, and it looks like it’s hosting a cocktail party from the 1980s that never ended.
The Penthouse’s History
Spread across 2,725 square feet and encircled by a sweeping 1,295-square-foot wraparound terrace, the home is actually a combination of three units, fused together decades ago by its original owner, Fred — who declined to provide his full name — an art collector and self-taught interior designer who now rents the apartment from his nephews. “It’s three apartments combined into one,” Fred, who originally purchased the first unit in 1978, told The Post. “I did the original design.”
Unique Design and Features
The residence is a combination of three units designed in the 1980s by its original owner Fred, an art collector and engineer, who works in finance, and who now rents it from his nephews. The interiors boast custom circular ceilings, gold-plated fixtures, marble sinks and mirrored walls meant to amplify space and light — an aesthetic Fred likens to “walking into the Guggenheim.”
Fred, who holds engineering degrees and describes himself as a lifelong collector of art and antiques, said the ceiling designs are inspired by the work of Mustafa Abelseed, an artist he compares to Picasso. “The curves go all the way around. Every room has part of the design, and the design flows almost like it’s one piece,” he said.
Art Collection
Today, about 110 of his artworks remain in the apartment, many of which are for sale. “There’s an old saying in the art world,” Fred quipped. “Everything’s for sale.”
Coffee and conversation, (Two women at the coffee shop) Oil on canvas, 2009. Mustafa Abelseed
Maintenance and Pricing
Though the $11,475 monthly maintenance fee may raise eyebrows, listing agent Beatriz Moitinho of Serhant says it’s in line with comparable Upper East Side combinations, especially given the square footage and amenities. Anderson Captures
Fred, who spends part of the year there, says the apartment was designed to feel like “a painting” when you look up from the floor and still makes him smile every time he visits. Anderson Captures
The Penthouse’s Layout
The penthouse offers four bedrooms and four baths. Anderson Captures
The primary suite. Anderson Captures
An ensuite bathroom. Anderson Captures
The 1,295-square-foot wraparound terrace. Anderson Captures
The terrace is shrouded in lush greenery. Anderson Captures
Target Audience and Amenities
The aesthetic may not be for everyone, Fred admitted — especially younger buyers. “There are two types of people who walk into the apartment,” he said. “You got a Gen Z who normally decorates from Ikea. And then you’ve got people who are a little older and have an appreciation for art — and for walking around and smiling when they see something that catches their eye.” The penthouse is located in the Royal York, a full-service cond-op with condo-style rules — no board interview, immediate subletting and no land lease. Amenities include a 24-hour doorman, a concierge, a fitness center, landscaped gardens, bike storage and garage parking.
Conclusion
For Fred, the value goes far beyond square footage or skyline views. “When you get a few years older, one of the things you want to do is walk,” he said. “And I can walk around the apartment — my 4,000 to 5,000 steps inside or outside on the terrace — without having to leave.” Every time he returns to the place, he said, “it makes me smile.” The famed Guggenheim Museum Alamy Stock Photo
FAQs
Q: How much is the penthouse listed for?
A: The penthouse is listed for $2.89 million.
Q: How many bedrooms and bathrooms does the penthouse have?
A: The penthouse has four bedrooms and four bathrooms.
Q: What is the size of the wraparound terrace?
A: The wraparound terrace is 1,295 square feet.
Q: How much is the monthly maintenance fee?
A: The monthly maintenance fee is $11,475.
Q: Is the penthouse a combination of multiple units?
A: Yes, the penthouse is a combination of three units.
