Highest Residence in New York Sells for Estimated $90 Million
ONE57 — the highly anticipated 90-story glass tower that will become the tallest residential building in New York City — witnessed a record-breaking penthouse sale of an estimated $90 million. The development recently reached its milestone of $1 billion in sales since launching just more than six months ago. “Our buyers are visionaries who recognize the building’s value and are confident enough to buy off of floor plans at premium prices,” says Gary Barnett, president of Extell Development Company, the
developer for the building. “We’re seeing buyers from as far as Hong Kong to as near as Fifth Avenue.” Rising more than 1,000 feet on West 57th Street, the Christian de Portzamparc-designed building will feature 92 ultra-luxury condominium residences above a five-star Park Hyatt hotel. “This is an iconic building that has set the bar for luxury living in New York City,” says Barnett.
Report: Steve Wynn Buys $70 Million Ritz-Carlton Penthouse
Ranked No. 6 in Unique Homes’ 2012 Ultimate List of the most expensive homes for sale in the country, the $77.5-million penthouse listed by Brown Harris Stevens at the Ritz-Carlton on 50 Central Park South sold for $70 million, according to the New York Post. Purchased by American business magnate Steve Wynn, the 4-bedroom, 6-bath condominium spans 10,882 square feet on two floors above the award-winning Ritz-Carlton hotel. Property amenities include a luxuriously pampering spa, a club lounge overlooking Central Park, an on-site fitness center, full-service multi-lingual concierge, valet parking and more. The recent sale of another Manhattan duplex broke records as the highest price ever paid for a co-op. The famed 740 Park Avenue property reportedly sold for $52.5 million.