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Some say to live in New York City is to live within a box-sized domicile. Not so in Penthouse A at the Carnegie House. Located on Billionaires Row and next to impressive landmarked residential bastions like The Osborne, you can snag a penthouse with a wrap terrace well under market value.

The Carnegie House, at 100 West 57th Street, is a sizeable white-glove cooperative occupying the entire western block from 56th to 57th Street, and an entrance to its spacious lobby is on the Avenue of the Americas. It is centrally located in the heart of midtown, just two blocks from Central Park and one block from Carnegie Hall (after which it was named).

Penthouse A is reminiscent of a sprawling ranch home with 3 full baths and 3 bedrooms. The fully renovated kitchen, formal dining room, and “secret office space” in the east wing are all surrounded by portions of the wrap terrace. The central hallway opens to a full bath and two bedrooms, both of which are terraced. The west wing holds the living room, filled with delightful built-in entertainment wall treatment, and leads into the largest portion of the terraced area. The primary bedroom is off the living room, including an ensuite bath with recessed lighting, endless built-in storage, and two fully fitted roomy closets. A second entrance offers access to the terrace's patio-like portion, which is a pleasure to enjoy.

The Carnegie House has full-time doormen and valet services, a concierge, a live-in Super, private storage, a bike room, central laundry, and an on-site garage (on 56th Street) in which residents receive a 25% discount. It is pet-friendly and allows pied-a-terre, parents buying for children, washer/dryer, and co-purchasing permitted. There is no flip tax. It is a land lease coop.