River House has two 15-story wings and a 26-story central tower. The Liman penthouse sits atop one of the 15-story wings. It spans the fourteenth and fifteen floors, plus the roof:
Most of the apartment is on the fourteenth floor. The layout’s a bit quirky, but at least it has character, and very little space gets wasted on hallways.
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Will the next owner of this apartment be a lawyer like Liman? Sadly, it seems unlikely. Not many lawyers, even partners at top firms like Paul, Weiss, can afford to drop $15 million on a home.
A partner at a rival firm who also lives at River House recently hosted a gathering for summer associates at his enormous, floor-through apartment. One summer associate marveled to another about the space, wondering if this is the kind of lifestyle that a Biglaw partnership can buy. The other summer, more knowledgeable about the partner’s finances, disabused his friend of that notion: “This isn’t partner money. This is family money.”
Welcome to the New York real estate market in 2014 — where partners are paupers, and you need more than a few million a year to afford the truly top-shelf offerings.
What could be more American than real-estate envy? Happy Fourth of July!
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Legal Tender: Power Lawyer Arthur Liman’s River House Pad Can Be Yours for $14.5 M
[New York Observer]
Penthouse Terraced Triplex – River House [Sample Powers / Sotheby’s International Realty]
River House [StreetEasy]