Music Legend Clive Davis’ Penthouse Lists for $11M

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The longtime pad of late music industry legend Clive Davis, a duplex penthouse at the Ritz Tower, is on the market.

Davis’ estate listed the co-op at 465 Park Avenue for $11 million, the Wall Street Journal reported. The apartment is coming to market months after Davis died at the age of 94.

The asking price for the four-bedroom, 4,500-square-foot unit breaks down to $2,444 per square foot. Compass’ Austin Schuster has the listing.

Davis was a longtime resident of the Ritz Tower, buying the top floor for an unknown price in 1985. He added the floor beneath four years later and combined them to create the luxury home, which includes two kitchens.

While it doesn’t come with the unit, Davis was known for displaying his Grammy Award trophies in his office or living room, four in all (not including the Grammy Trustees Award he also secured). Barry Manilow, Whitney Houston and other musical icons were among those to step foot in the duplex.

Notably, one of his East Coast abodes — he also owned a home in Westchester County — is not where Davis hosted his famed pre-Grammy galas. Those legendary parties unfolded on the opposite coast at The Beverly Hilton Hotel.

Davis assembled several units in the Ritz Tower over the course of his life. As recently as 2015, he bought a two-bedroom apartment in the building for $1.9 million.

The Billionaires’ Row property was originally built as an apartment hotel in 1925. There are roughly 100 units in the building, and amenities include a 24-hour doorman, in-house chef room service, daily housekeeping, a new fitness center, a party and meeting room, safety deposit boxes and notary services.

In the third quarter, the median sale price of a luxury condo and co-op in Manhattan was $5.92 million, according to Jonathan Miller, essentially matching the median price from a year earlier.

— Holden Walter-Warner