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.

New York City is a place where a distinct lack of affordable housing meets a huge supply of luxury housing—much of which is not even used as a primary residence. The city's very richest are aghast at a proposal that their pied-a-terres be taxed.