Inside downtown Manhattan’s most expensive apartment ever

The bigger of two penthouses at Ian Schrager’s 160 Leroy is now under contract for the sale price of $51 million following a bidding war.

If the deal closes, this property will become the most expensive residence ever sold in downtown Manhattan. It will eke out a victory over the current record-holder: a penthouse at Walker Tower in Chelsea purchased for $50.9 million in 2014 by Middle Eastern businessman Khadem al-Qubaisi.

160 Leroy’s 7,750-square-foot, five-bedroom, five-bathroom north penthouse has 12½-foot ceilings, three woodburning fireplaces, a private elevator — and a massive 5,140-square-foot terrace with its own private pool and outdoor kitchen.

The living room of the potentially record-setting penthouse at 160 LeroyDBOX

160 Leroy, designed by famed architecture firm Herzog & de Meuron, is located in the West Village along the West Side Highway.

Hotelier/developer Schrager broke up a full-floor, $80 million penthouse into two units: a larger northern unit, discussed here, and a (slightly) smaller southern one, which is in contract after last asking $31.5 million.

Closings are slated for the first quarter of 2018.

The listing brokers are Douglas Elliman’s Madeline Hult Elghanayan, Lauren Muss, Dennis Mangone and Kirk Rundhaug.