Under Construction New York penthouse sells for above $90 million
We had witnessed the interest of wealthy buyers in luxury real estate properties in New York City on several occasions earlier. The Manhattan French Gothic Townhouse was a case in point. Located at 4 East 80th Street, the apartment went on sale last year only to fetch a whopping $90 million to become Manhattan’s most expensive mansion. And if the asking price for a New York Penthouse sounds outrageous to you, then getting them on rent might draw gasps. The most expensive rental home in New York had a $100,000 per month sum charged for. Even the King of Pop had rented a $100,000-a-month rental home in Beverly Hills back in 2009. And now, setting a new record in the New York real estate market, a duplex penthouse at Midtown Tower sells for more than $90 million. Bought by an anonymous buyer, the penthouse is a 10,923-square-foot den occupying the 89th and 90th floors of an under construction building at 157 West 57th Street.
Named One57, the building offers mesmerizing views of Central Park. It packs within itself a Park Hyatt, which stands directly underneath the condominium units. Among the city’s tallest residential structures, One57 is will be completed next year. A 92 apartment property, half of One57 has already been sold.
The latest deal smashes all recent records for sums paid for luxury penthouse apartments in New York. The last pricey purchase was that of a trust benefiting a Russian billionaire’s daughter. $88 million was the total amount shelled out by the trust for a Penthouse at Central Park West. Owned by a Citigroup honcho, the apartment sold at staggering $13, 000 per square foot rates.
The latest to join the ranks, the One57 penthouse, is much soberer than its predecessor in terms of price per square foot. The apartment which has ceilings running up to a height of 23 foot and features a grand salon sold for $8,000 per square foot price. The Russian deal, signed last year, according to One57 authorities, is not a very good one. The per square foot price of luxury properties in New York should hover around $10,000, the officials further added.
That the latest One57 penthouse buyer has decided to keep his identity a secret, raised speculations of him being a Russian. One57 sources were, however, quick to dismiss the rumors, saying that the buyer was not from any corner of the erstwhile Soviet Union. International buyers – a pack which includes people from China, Russia and Brazil-have reportedly flooded the New York real estate markets off late. Buyers from Ukraine and Russia, especially, were seen dabbling in a number of top notch property deals.
The penthouse is intended to be used as a residential apartment. All details pertaining to the deal, however, remain shrouded in mystery. The deal has been agreed to more than three months ago. The apartment back then had an asking price of $98.5 million. The sum was raised to $115 million in keeping with market trends triggered by the 15 Central Park West deal. Despite being a record smashing purchase, the One57 penthouse failed to surpass the $100 million barrier- a mark which no real estate deal, either in New York or in Los Angeles, has been able to touch, including the lavish $165 million Hearst Mansion in Beverly Hills, featured in “The Godfather” which is one of the most expensive homes in the world. It has been re-listed for $95 millions back in 2010.