THE $100 MILLION HOME: Mystery buyer drops staggering amount on palatial 57th St. apartment as deal sets city record Bryan Smith/Bryan Smith A penthouse at One57 has set a new record It’s the crown jewel of ‘Billionaires’ Row.’ A palatial apartment on 57th St. has broken the record for the most expensive apartment ever sold in Manhattan A mystery buyer dropped a staggering $100.47 million on the penthouse apartment, which occupies the entire 89th and 90th floors of One57, the high-end apartment tower overlooking Central Park at 157 W. 57th St., according to city records. The property is the first single-family home to sell for more than $100 million in the city’s history. The previous record for a closed deal was held by Ekaterina Rybolovleva, daughter of Russian billionaire Dmitry Rybolovlev, who paid $88 million for a condo at 15 Central Park West nearly four years ago. Marchmade The property has stellar park and city views “This is going to set a new benchmark for real estate in New York, especially in new developments,” said Ben Benalloul of brokerage RLTY NYC. “I think this is a record we’re going to see broken several times over the next two years.” While the $100 million closing price set a new record, the buyer actually got better value than Rybolovlev. The deal amounts to around $9,000 a square foot, compared with the $13,000 a foot paid by the Russian scion. The jaw-dropping, 11,000-square-foot pad has six bedrooms, seven bathrooms and two powder rooms, not to mention stellar Central Park and city views. All apartments have soaring ceilings, rosewood flooring and custom Italian marble baths. Marchmade/Marchmade The building is a draw for the world’s wealthy Residents of the building also have access to a gaggle of uber luxe amenities, including a gym, a pool and Jacuzzi, a steam room, a library and a screening room. The trophy tower, which is nearly sold out, has attracted local and foreign buyers, inlcuding hedge fund mogul Bill Ackman. Ackman reportedly inked a deal to buy a $90 million apartment, which he plans to flip for sport with a few close friends. That deal has not yet been recorded by the city. Developer Gary Barnett of Extell Development, who built the tower, was not immediately available for comment. Experts said the deal will likely be the first in several transactions to top $100 million as a result of the recent luxury development boom in Manhattan. The penthouse at a new tower going up at 520 Park Ave. is slated to hit the market with a price tag of $130 million later this year. Source: nydailynews/ newsnyork/the-100-million-home-mystery-buyer-drops-staggering-amount-on-palatial-57th-st-apartment-as-deal-sets-city-record/
Posted on: Sat, 17 Jan 2015 05:45:39 +0000
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