A billionaire movie producer’s 1-bedroom apartment in NYC’s Ritz-Carlton just sold for $20 million – half its original price. Take a look inside.

one bedroom ritz carlton nyc
The apartment features a 53-foot terrace with sweeping views of Central Park.

A one-bedroom apartment in New York City’s iconic Ritz-Carlton building just sold for about $20 million – just over half of its original asking price, Jennifer Gould reported for The New York Post.

The residence, which hit the market for $39.5 million in December 2018, was sold by Sidney Kimmel, a movie producer worth an estimated $1.3 billion, according to Forbes.

Kimmel and his wife bought the apartment in 2001 for $22.3 million, according to Curbed, and commissioned architect Thierry Despont to redesign the space, which includes a 2,000-square-foot master suite, two terraces, two elegant dressing rooms, a full gym, and two onyx and marble bathrooms. It’s one of 11 residences in the Ritz-Carlton across the street from Central Park.

The listing brokers were Steven Cohen, Timothy Malone, and James Lee Wall of Douglas Elliman, although Corcoran held an earlier listing.

Kimmel made his fortune in retail by founding Jones Group, an apparel company, that went on to sell brands including Stuart Weitzman and Nine West. More recently, he founded SK Global, an entertainment company, through which he was a producer for movies including the 2018 hit film “Crazy Rich Asians” along with “Moneyball” and “The Kite Runner.”

Here’s a look inside the home.

The one-bedroom apartment is in the iconic Ritz-Carlton building, a luxury hotel that includes 11 permanent residences.

Source: Ritz Carlton

The building at 50 Central Park South was originally the St. Moritz Hotel from 1930 to 1999. After extensive renovations, the hotel reopened in 2002 as the Ritz-Carlton.

ritz hotel nyc

Source: Ritz Carlton

Sidney Kimmel’s one-bedroom apartment takes up the entire 27th floor of the building, spanning more than 8,000 square feet, according to a previous listing. The grand entryway offers an elegant welcome to the home.

one bedroom ritz carlton

Source: Corcoran

The living room features an antique marble fireplace and French doors that open up to a terrace.

one bedroom ritz carlton nyc

Source: Corcoran

The 53-foot terrace offers sweeping views of Central Park.

one bedroom ritz carlton nyc
The apartment features a 53-foot terrace with sweeping views of Central Park.

Source: Corcoran

In the library, which is connected to the living room, you can spot a “Crazy Rich Asians” poster.

one bedroom apartment ritz carlton

Source: Corcoran

The formal dining room occupies one corner of the floor, allowing for panoramic views of the park and Manhattan’s Upper West Side.

ritz carlton one bedroom nyc

Source: Corcoran

The 2,000-square-foot master suite, which occupies the entire East wing of the floor, is larger than many New York City apartments.

ritz carlton one bedroom

Source: Corcoran

It includes two onyx and marble bathrooms …

ritz carlton one bedroom nyc

Source: Corcoran

… two dressing rooms …

ritz carlton one bedroom nyc

Source: Corcoran

… as well as a private office and a sitting room.

ritz carlton nyc one bedroom

Source: Corcoran

The top-of-the-line chef’s kitchen has ample counter space and glass-doored cabinets. An additional terrace off the kitchen serves as a space for outdoor dining.

ritz carlton nyc one bedroom

Source: Corcoran

The apartment also includes a staff suite that could be reconfigured to add more bedrooms.

one bedroom ritz carlton

Source: Corcoran

Read the original article on Business Insider