The Real Deal New York

European buyer shells out $45M at One57

77th-floor pad went into contract in 2012 and sold for more than $7,000 psf

April 28, 2015 11:20AM
By E.B. Solomont


From left: Robert Dvorin, Wendy Maitland, a rendering of One57 and Gary Barnett

UPDATED: 12:35 p.m., April 28: Hedge funder Bill Ackman just got himself a new neighbor at One57.

An undisclosed European buyer paid $45 million for Unit 77, a full-floor condo one floor above the duplex bought by Ackman and a group of investors. The 77th-floor pad has four bedrooms and 4.5 bathrooms.

Unit 77 went into contract in January 2012 and closed on Monday, according to Wendy Maitland, president of sales at Town Residential, which represented the buyer in the sponsor sale. “It was bought off of plans,” she said. Former Town agent Robert Dvorin, who is now an agent at Douglas Elliman, brought in the buyer.

Measuring 6,240 square feet, the unit sold for more than $7,211 per square foot. That’s a premium over the $6,750-per-square-foot price paid by the Ackman-led group, which shelled out a total of $91.5 million — the city’s second-priciest closed sale ever — for the 13,554 square foot duplex on floors 75 and 76.

Extell Development’s One57 currently holds the record for the city’s priciest sale, at $100.5 million. Last week, an entity called Hebrews 3:4 LLC bought a 53rd-floor apartment there for $30 million.