The Most Expensive Residence Ever Sold in New York City: the $100.5 Million Duplex Penthouse at One57 Condo Tower
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The Most Expensive Residence Ever Sold in New York City: the $100.5 Million Duplex Penthouse at One57 Condo Tower

The Most Expensive Residence Ever Sold in New York City: the $100.5 Million Duplex Penthouse at One57 Condo Tower

The palatial and luxurious duplex penthouse located on the 89th and 90th floor of the cutting-edge One57 condominium tower on West 57th Street in Midtown Manhattan, New York City, set a new record for the most expensive home ever sold in NYC. The fabulous high-end penthouse which occupies the top two floors of the One57 residential skyscraper was sold for a whopping $100.5 million to a buyer whose name was not disclosed. According to NYC Department of Finance, the sale of this penthouse closed last year on December 23rd and the mysterious buyer was listed simply as P89-90 LLC.

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Developed by Extell Development Company and designed by award-winning and world-famous architect Christian de Portzamparc, One57 is located in close proximity to Carnegie Hall, near the south end of Central Park and it is the second tallest residential building in the city ( standing at 1,005 feet tall), after 432 Park Avenue. The latter is set for completion this spring which bills itself as the tallest condo tower in the Western Hemisphere, with 1,396 feet in height. The luxury penthouse occupying the top floor of 432 Park Avenue is reportedly under contract to be sold for $95 million.

The façades of the imposing One57 condo tower are patterned vertically, with walls of glass that elegantly frame Central Park. This luxury residential high rise is easily distinguished by its fenestration patterns, rippled canopies and the symmetrical cascade of vertical strips on top of the building. The One57 condominium tower as well as the other six high rises which are currently under construction on 57th Street have been criticized for casting long shadows across Central Park.

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Prior to this record-breaking sale, the residence holding the record for the most expensive home sold in NYC was the $88 million penthouse located at 15 Central Park West, which was bought by Ekaterina Rybolovleva, the daughter of the fertilizer magnate Dimitry Rybolovlev and which was previously owned by former Citigroup CEO Sanford Weill.

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The record-setting, $100.5 million majestic duplex at One57 boasts an impressive 10,923 square feet of living space, encompassing six extremely spacious, luxury bedrooms, six bathrooms and two gigantic walk-in closets and it offers breathtaking vistas of Central Park. The interior of this penthouse is a sublimely composed interplay between form and function and it was masterfully designed by NY-based designer Thomas Juul-Hanson.

Sales at the One57 residential skyscraper began in early 2011 and reached an impressive $1 billion in the first 6 months. Most of the buyers were foreign businessmen. In the last year however, owning to the striking development of luxury high rises on 57th Street, a fact that earned this street the nickname ”Billionaires Row”, sales at One57 slowed significantly and, according to the developer Excell, only 4 contracts were signed in 2014.

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The next most expensive unit in the One57 building after this record-breaking penthouse, the ultra-luxury apartment located on the 82nd floor was bought last year for $56.1 million by billionaire Silas Chou, the ex-Chairman of Michael Kors Corp. The 13,500-square-foot duplex at the One57 condominium tower known as the ”Winter Garden”, which occupies the 75th and 76th floors, is reportedly under contract to be sold for over $90 million ( around $6,667 per square foot) to an investment group led by activist shareholder Bill Ackman.

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