World’s tallest residential building — Central Park Tower has a penthouse on the 112th floor

The world’s tallest residential building has a penthouse on the 112th floor and from next year billionaire’s would get a chance to live there.

Billionaire’s Row in New York City’s Manhattan district has 112 floors and reaches 1,550 feet (472 metres) overlooking the central park.

It will overtake the world’s current tallest residential building, 432 Park Avenue, which is 0.6 miles (97 metres) away, by 152.5ft (46.5 metres).

The apartments in these towers cost a bomb. A five bedroom penthouse costing $63 million (£50.5m) and a two-bedroom flat on the 33rd floor going for $6.9m (£5.5m).

The developer, Extell, had to purchase 6,000 sq ft (560 sqm) of “air rights” from surrounding buildings for the $3 billion (£2.4bn) block on West 57th Street.

Some New Yorkers have complained the skinny tower, flanked by two other tall buildings under construction, on the southern edge of Central Park is casting shadows on the park, but Extell President Gary Barnett dismissed the concerns.

Speaking at a topping off ceremony on Tuesday to celebrate the tower reaching its full height, he said they had done shadow studies.

He said: “It’s just a question of, you know, occasionally somebody might be sitting somewhere in the park and there’ll be a shadow for, I don’t know, 20 or 30 minutes.”

There are taller buildings which have flats in them, but Central Park Tower will be the world’s tallest mostly residential (at least 85 per cent) development.

The first seven storeys of the building will be a Nordstrom department store.