Many people know that the most expensive apartment in the city is the top three floors of the Pierre Hotel. What many outsiders do not know is that the hotel will be closing (except for the private residenses) at the end of 2007. Much of the spendor of one of New York's most important hotels will be lost. By the way how about paying almost $40,000 a month in maintainence and not having a restaurant or bar to go to in your building. Only in New York kids, only in new york.