A full-floor penthouse on the 23rd floor of the Walker Tower, a converted Art Deco skyscraper in Chelsea, sold for $40,730,000, the New York Times reports. The buyers are from California and will use the apartment as a pied-à-terre. They paid all-cash.

The apartment is actually one of two penthouses in the building and is referred to as Penthouse Two. Penthouse One is slightly smaller than Penthouse Two, but it is on the top floor. Penthouse One set a record for downtown Manhattan in January when it sold for $50.9 million, the Wall Street Journal reported at the time. That deal was also all-cash.

The building's first resale, in February, generated $3 million in profit for owner-investor Burt Freiman, whom the New York Times dubs a "serial apartment flipper." (Fun!) "The buyers paid more for the apartment than my client did," his broker told the Times, "but I don't feel that they paid up; they paid what the market will bear today."

According to the Times, Freiman did not visit his acquisition even once. Penthouse Two's unnamed Californian buyers, meanwhile, reportedly plan to spend part of the holidays in their big new playhouse.

Photo credit: Douglas Elliman