The Real Deal New York

Gary Barnett unveils new One57 model home

4,200-square-foot unit listed for $27M

October 30, 2014 03:35PM
By Zachary Kussin

From left: Gary Barnett and the new model unit at One57

From left: Gary Barnett and the new model unit at One57

Extell Development boss Gary Barnett and interior designer Jamie Drake today unveiled a new model at One57 during a breakfast at the tower.

The 4,193-square-foot, three-bedroom home, 58B, is on the market for $27 million.

Drake, who has designed for pop icon Madonna and Mayor Michael Bloomberg, outfitted the space with his signature design touches: cool blue-grey neutral settings with pops of lavenders and pinks. He admitted that if he had the money to buy the apartment, he would.

“Maybe if I keep on working, someday I hope I’m able to,” he said.

View of Central Park from the new model unit

View of Central Park from the new model unit

The unit’s master bedroom looks out to Central Park, as does the living space. The attached bathroom, with floor-to-ceiling windows, gives south and east city skyline views, including an unobstructed look at nearby 432 Park Avenue. The other two-and-half bedrooms, as well as the kitchen, also offer views to the south.

In a briefing with reporters, Barnett said work on the building should be wrapped up in six months. Headline-grabbing sales have already been inked, however. Two purchases totaling $79 million hit public records last week, as The Real Deal reported. The 82nd-floor unit sold for $56.1 million, and unit 55A went for $26 million.

Meanwhile, billionaire hedge-funder Bill Ackman, who, along with a group of investors bought the building’s penthouse for $90M last year, made news this week by announcing he’s looking to flip the property. A trade of the 13,500-square-foot duplex could represent the highest purchase price ever for a condominium, according to reports.

“He appreciates something special,” Barnett told reporters of Ackman’s effort to flip. “So why not?”

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