Sale Of Midtown Penthouse Sets A New-York Record
Source: http://www.nytimes.com
#apartment #luxury #usa #newyork #realestate #record
According to US publications, an unknown buyer has paid over US$ 90 million for an unfinished penthouse apartment, setting a new mark for the priciest home in New York City. He bought the 1015 square meters penthouse on the 89th and 90th floors of One57, the building currently under construction at 157 West 57th Street. The building, which features a Park Hyatt below the condominium units, will offer striking views of the southern end of Central Park and will be among New York's tallest residential structures when it is completed next year. Since One57 opened for sales in December, about half of its 92 apartments have been sold.
This purchase breaks the previous New York City record of US$ 88 million paid by a Russian billionaire to buy a Central Park West apartment for his daughter last year. As we reported earlier, it is 10-room penthouse with total area of 626 square meters. On a per-square foot basis, however, this is a much better deal. The latest sale went for about US$ 8 thousand a square foot (US$ 88 600 for 1 square meter), while the Central Park West pad went for more than US$ 13 thousand (US$ 140 000 for 1 square meter).
Foreign buyers, including Brazilians, Chinese and Russians, have been on a buying spree in New York and Miami in recent months, developers and brokers say. Russian and Ukrainian buyers have shown a particular willingness to pay top dollar for so-called trophy properties. Gary Barnett, president of Extell Development Company, was quick to dispel any notion that the One57 penthouse was sold to a Russian, saying the buyer was not Russian, Ukrainian or from "any other part of the former Soviet Union." He described the buyer as a "very nice family" who plans to use the penthouse as a residence, and as "someone that people would recognize."
One57 is a 90-story skyscraper currently under-construction in New York City. Upon completion in 2013, it will stand at 306 meters tall, making it one of the tallest buildings in the city. The mixed use tower is developed by the Extell Development Company and the Pritzker Prize-winning architect Atelier Christian de Portzamparc designed One57 with SLCE Architects. The building will have 135 residential units on top of a Park Hyatt Hotel with 210 rooms. Foundation work started in January 2010.
This purchase breaks the previous New York City record of US$ 88 million paid by a Russian billionaire to buy a Central Park West apartment for his daughter last year. As we reported earlier, it is 10-room penthouse with total area of 626 square meters. On a per-square foot basis, however, this is a much better deal. The latest sale went for about US$ 8 thousand a square foot (US$ 88 600 for 1 square meter), while the Central Park West pad went for more than US$ 13 thousand (US$ 140 000 for 1 square meter).
Foreign buyers, including Brazilians, Chinese and Russians, have been on a buying spree in New York and Miami in recent months, developers and brokers say. Russian and Ukrainian buyers have shown a particular willingness to pay top dollar for so-called trophy properties. Gary Barnett, president of Extell Development Company, was quick to dispel any notion that the One57 penthouse was sold to a Russian, saying the buyer was not Russian, Ukrainian or from "any other part of the former Soviet Union." He described the buyer as a "very nice family" who plans to use the penthouse as a residence, and as "someone that people would recognize."
One57 is a 90-story skyscraper currently under-construction in New York City. Upon completion in 2013, it will stand at 306 meters tall, making it one of the tallest buildings in the city. The mixed use tower is developed by the Extell Development Company and the Pritzker Prize-winning architect Atelier Christian de Portzamparc designed One57 with SLCE Architects. The building will have 135 residential units on top of a Park Hyatt Hotel with 210 rooms. Foundation work started in January 2010.
