The Real Deal New York

Hong Kong-based buyer pays big money for pad in One57

Rainbow Choice pays $30.6M for apartment on 60th floor

April 10, 2014 05:24PM
By Hiten Samtani

Extell's Gary Barnett and One57

Extell’s Gary Barnett and One57

A Hong Kong-based buyer has shelled out $30.6 million for a 60th-floor unit at Gary Barnett’s One57, according to property records filed with the city.

Rainbow Choice International Limited closed on the sale March 28. The unit, 60A, isn’t listed on StreetEasy, but a three-bedroom, 4,200-square-foot unit directly below it sold for $30.4 million.

Barnett took a very private approach to sales at the 1,004-foot-tall tower at 157 West 57th Street, opting to keep listings off StreetEasy and off broker databases such as the Real Estate Board of New York’s Residential Listing Service (RLS). Only 10 sales at the building have hit public record, but among the units in contract is a 13,554-square-foot duplex known as the “Winter Garden penthouse,” which Bill Ackman and other investors bought for north of $90 million.

  • Chuckk

    What a horrible building. Absolutely embarrsassed for anyone who would live in this glass monstrouscity. Compleetley destroying the fabric of NYC

    • CloseYourEyesandBlow

      This building is the fabric of our lives. With the penthouse and the sale of the two 30M apartments, he already got back his investment. The rest is all gravytrain.

      • WannaBeLandlord

        Well, all gravy after paying back Abu Dhabi and Bank of America for the construction $.

        • factsheet.

          True, he is only getting 15-20% of the profit.

  • Bklyn10

    This building is amazing. Kudos to Barnett and hope be brings something even better to his other 57th Street development sites.

  • Jet Set

    Beautiful building. Love walking on the intersection of 5th and 57th and looking up at this sparkling, glamorous building.

    A welcome addition to NYC.

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