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Business Definition for: penthouse

penthouse

luxury housing unit generally located on a top floor of a high-rise building. It commands a premium rental or sales price.

Dictionary of Real Estate Terms

penthouse

a luxury housing unit located on the top floor of a high-rise building.

Example: A penthouse (Figure 142).

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Copyright © 2007, 2000, 1997, 1987, by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.
Copyright © 2004, 2000, 1997, 1993, 1987, 1984 by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.

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