New York’s luxury property market is booming, and Terence Chan, a Hong Kong-based private equity executive, is playing a significant role in it. The affluent Asian has purchased a full-floor apartment at Aman New York, a luxury condominium and hotel on Fifth Avenue in Manhattan, for a cool $61.58 million (it was listed for $70M). The 6,300-square-foot unit features four bedrooms, five bathrooms, a library, and a home office.
As reported by WSJ, the lavish residence, known as 24A, is the only one on its floor and is part of the luxury tower Aman New York, a hotel and condo project in Midtown. With a total of 22 apartments, the structure is located across the street from Trump Tower at 730 Fifth Avenue. The Crown Building was originally made in the 1920s, with a copper pinnacle for its crowning glory.
Situated above the hotel rooms, 24A grants its owner access to the building’s amenities. The building boasts a three-story spa, two restaurants, a fitness center, and a 67-foot indoor swimming pool, according to the NY Post. By simply becoming a member of the Aman Club, owners can hire hotel services and indulge in unmatched opulence and serenity right in the middle of one of the most bustling cities. It is a haven of solace spread across 25,000 square feet that brings to life Aman’s health and wellness concept. From two Hamman and Banya Spa Houses, a Yoga and Pilates Studio, a Cryotherapy Chamber, a 65 feet-heated swimming pool, a nail salon, and a Hair Salon by John Barrett Salon there is everything on needs for the body and soul.
The hotel and condominiums were developed by OKO Group, the U.S. development firm founded by Aman Chairman and CEO Vladislav Doronin. Aman Resorts has other branded residential projects, including in Miami Beach, Bangkok, and Tokyo.
