New York's tallest apartment tower tops out

The tallest apartment building in New York has reached its peak of 425 metres but the spectacular views over the city don't come cheap.

The penthouse, which is currently under construction at 432 Park Avenue, sold for $US95 million ($108.7 million) and the sub-penthouse on the 95th floor is currently listed for $97.3 million.

Prices in the 104-apartment tower more than half of which have sold start at $8 million.

But given the super-tall skinny tower is located at the southern end of Central Park, an area colloquially known as the 'billionaire's belt', it is likely that many of the remaining apartments will sell before it opens next year.

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"It's almost like the Mona Lisa," said Harry B. Macklowe, the developer building the $1.49 billion tower.

"Except instead of it looking at you, you're looking at it wherever you are. You can't escape it."

Not that everyone agrees the building, developed with the CIM Group, based in Los Angeles, is a work of art.

"God, does it stand out," said New York resident Marlene Rosenthal.

"It's a status symbol, and that's the name of the game in this city."

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New York's tallest apartment tower tops out