Flat in Moscow costlier than New York’s largest apartment

Moscow, April 28 (Inditop.com/RIA Novosti) An under-construction apartment in Moscow is to be sold for $42.8 million, 50 percent more than the price of the largest apartment in New York’s Trump Tower.

“Now there is a $42.8 million apartment for sale on the Moscow real estate market. This is a panoramic penthouse in shell condition,” Penny Lane Realty’s elite property department chief Alexander Ziminskiy said.

He said the floor space of the Moscow apartment is 902.98 square meters, while the cheaper rival in Trump Tower was of comparable size to the White House in Washington.

“The Russian capital continues to be one of the most expensive cities in the world. Something that is a record for other countries is just a residence for Moscow’s elite real estate buyers,” the realtor said.

However, the outrageous prices are only thing Moscow’s real estate market can be proud of, said Villagio Estate marketing director Lidia Grechina, because in terms of infrastructure the Russian capital bears no comparison to Manhattan.