Serendipity 3 chef Joe Calderone came up with the idea on National Sandwich Day and decided that creating a pricey grilled cheese sandwich, the "ultimate comfort food".
But don't go thinking you can just waltz in and order one. The restaurant needs 48 hours notice to serve the Quintessential Grilled Cheese Sandwich.
Joe Calderone says: "We sourced the ingredients by looking for the finest and the rarest foods in the world."
The restaurant has had an impressive list of clientele since it opened 60 years ago with film stars such as Marilyn Monroe and Grace Kelly dining there as well as modern music stars Beyonce and Jay Z.
The bread used has been baked with Dom Perignon champagne, topped with grass-fed butter mixed with white truffle and the last integral ingredient is the rare Caciocavallo cheese.
But that's not all the meal has to offer. The sandwich is also served with a tomato lobster bisque in a crystal and glass and the bread is topped with 23 carat gold leaf when it comes out of the grill.
Taking it out onto the streets of New York, the reaction was undeniably positive with response including: "It's the best cheese sandwich I have ever eaten" and "It's delicious!"
But most said they wouldn't be willing to fork out $214 for the pleasure of another one, with one woman even saying: "Would I pay? Probably not, not with putting kids through college and high school."