In 2018, the Golden Homes, the company behind the luxurious, three-story home in New York City’s West Village, became the first home company to sell for $1 million, surpassing the $1.2 million price tag of a similarly designed, three bedroom home in Manhattan’s Upper East Side.
In 2017, the home was the most expensive home ever sold by the Golden Home, according to Realtor.com.
It sold for $942,500, and the company expects the price to reach $1 billion by the end of 2020.
Golden Homes also owns luxury condos, one-bedrooms, two-bedroom, three bedrooms and four-bedroom houses, and it recently sold a four-bedroom penthouse in the Manhattan Beach neighborhood of Venice, California for $632,000.
The Golden Homes have also sold out of its luxury homes and will soon open an eight-bedroom penthouse for $2.3 million in New Orleans.
The Golden Homes’ latest home is a two-story, five-bedroom apartment at 617 West 21st Street in Manhattan, and in the past two years it has sold a five-bed house for $600,000 and a four bedroom penthouse worth $2 million.
According to the company’s financial statements, the $600 million house in Manhattan is a $1,000,000 luxury home.
It is the fifth home that Golden Homes built, following the $800 million penthouse on West 21 Street, the six-bedroom home on Park Avenue in Manhattan and the $900 million pent house in the heart of Midtown Manhattan.
Golden Home has been sold four times since 2008, and according to Bloomberg News, the total value of its properties in the U.S. has been over $3.5 billion.
As a company, Golden Homes sells homes for a variety of different reasons, including luxury apartments and commercial space, and they often sell for as little as $200,000 for a single-family home, according the Bloomberg News article.