The Real Deal New York

Chinese buyer closes on One57 condo for $30M

Three-bedroom unit spans 4,500 square feet

March 27, 2015 01:23PM
By Tess Hofmann

157 West 57th Street in Midtown

157 West 57th Street in Midtown (credit: Lenny Spiro)

A condo in Extell Development’s One57 sold for $30 million to a buyer named Dojiang Li, according to property records filed with the city today.

Unit 67A spans just shy of 4,500 square feet, with three bedrooms and 4.5 bathrooms. Li took a mortgage out from China CITIC Bank International, indicating that he is likely a Chinese national, following the growing trend of Chinese investors flocking to the city.

A penthouse at One57 that closed in January holds the record for priciest closed Manhattan condo sale ever, at $100.5 million.

The under-construction project was recently hit with a stop-work order when a sheet of plexiglas fell from the building and hit two parked cars.

 

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