The Real Deal New York

Extell rakes in $79M on two big sales at One57

Fashion mogul Silas Chou shells out $56M for full floor unit

October 23, 2014 01:45PM
By E.B. Solomont

From left: Extell's Gary Barnett, One57 and Silas Chou

From left: Extell’s Gary Barnett, One57 and Silas Chou

Two big sales at Extell Development’s One57 hit public records today – totaling $79 million.

The entire 82nd floor closed for $56.1 million, two years after billionaire fashion mogul Silas Chou, who was co-chairman of Michael Kors Inc., reportedly inked a contract for the condo. At the time, the purchase price was thought to be just over $50 million. Public records show the buyer as Ridgewood 57 Inc. The unit went into contract in February 2012.

The other sale in the building was Unit 55A, which sold for $26 million. The buyer went into contract on the apartment in May 2012, according to public records.

The three-bedroom unit, which measures 3,228 square feet, was purchased by an entity listed as Al-Samriyah N.Y. LLC.

The two sales come on the heels of a third, Unit 63B, which closed for $27.13 million on October 9. To date, 38 of the building’s 94 units have been recorded with the city as sold, according to PropertyShark.com.

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