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Posts Tagged ‘one57’

  • One57 unit sells at 20 percent discount

    December 09, 2014 12:27PM
    Extell's Gary Barnett and One57

    Extell’s Gary Barnett and One57

    The latest recorded sale at Extell Development’s sluggish One57 closed at a 20 percent discount to its asking price, property records show.

    Unit 64A – at 4,483 square feet, three bedrooms and four baths – sold earlier this month for $24.84 million, property records filed with the city today show. That’s a steep discount off the unit’s $31 million asking price listed on Douglas Elliman’s website. [more]

    1 Comment
  • From left: Gary Barnett, a rendering of One57 and John and Rebecca Moores

    From left: Gary Barnett (Credit: STUDIO SCRIVO), a rendering of One57 and John and Rebecca Moores

    Rebecca Moores, the ex-wife of Texas millionaire and former San Diego Padres owner John Moores, closed on a full-floor condo at Extell Development’s One57, paying $55.5 million, according to property records. [more]

    2 Comments
  • One57 at 157 West 57th Street and Gary Barnett

    One57 at 157 West 57th Street and Gary Barnett (Credit: STUDIO SCRIVO)

    Extell Development sold just one apartment at One57 in the third quarter of the year. [more]

    10 Comments
  • One57 sponsor unit sells for $53M

    November 24, 2014 06:16PM
    Extell's Gary Barnett and One57

    Extell’s Gary Barnett and One57

    Extell Development sold an 80th-floor sponsor unit at One57 for just shy of $53 million, city records show.

    The full-floor condo sold for $52.95 million to Lapusny Inc., an LLC registered in Pasadena, Calif., records filed with the city over the weekend show. The deal went into contract in March 2013 and closed Nov. 10. [more]

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  • dvorett

    Jeffrey Dvorett and renderings of 462-470 11th Avenue and One57

    Jeff Dvorett, vice president of development at Gary Barnett’s Extell Development, has joined Times Square-based Chinese real estate investment firm Kuafa Properties to oversee projects there. [more]

    1 Comment
  • brown

    From left: Doug Harmon, David Helpern, Michelle Flagg and Kent Swig (Credit: Zach Fontaine)

    Developer Kent Swig, investment sales broker Doug Harmon, architect David Helpern and other top real estate insiders gathered last night to discuss pivotal issues shaping the Manhattan skyline, including escalating land prices and sky-high building heights. [more]

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  • 9 West 57th Street (inset left: Silas Chou, inset right: Lawrence Stroll)

    9 West 57th Street (inset left: Silas Chou, inset right: Lawrence Stroll)

    Private equity firm Sportswear Holdings Ltd. is moving into a duplex penthouse office on the top floor of 9 West 57th Street. [more]

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  • 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. [more]

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  • ackman

    One57 in Midtown and Bill Ackman

    Billionaire hedge-funder Bill Ackman of Pershing Square Capital is looking to flip the One57 penthouse condominium he and a group of investors acquired last year for roughly $90 million.

    Such a turnover could render it the priciest attempted flip of a condo unit ever, according to New York Times. Ackman said he acquired the 13,500-square-foot duplex with his friends for “fun.” [more]

    5 Comments
  • 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. [more]

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  • From left: 220 Central Park South and One57

    From left: 220 Central Park South and One57

    Long term residents of the so-called “Billionaire’s Row” are increasingly leaving the stretch as rapid, high end development is transforming their neighborhood. [more]

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  • extell

    Gary Barnett (credit: STUDIO SCRIVO) and 123 West 57th Street in Midtown

    Gary Barnett’s Extell Development is in talks with the Calvary Baptist Church to acquire the church site at 123-141 West 57th Street for a project separate from the nearby One57.

    Calvary Baptist owns both the church and the Salisbury Hotel on the 191,000-square-foot site, between Sixth and Seventh avenues. FXFOWLE Architects and the architectural team at Extell are working on a design proposal, according to public records cited by the Wall Street Journal. The details of Extell’s plans for a site — if the deal closes — were undisclosed. [more]

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  • Gary Barnett and a rendering of One57

    Gary Barnett and a rendering of One57

    After a lull in sales, activity at One57 has picked up in the past few days, most recently with the $27 million sale of a 63rd-floor apartment in the Extell tower.

    Sponsor unit 63B, which was not listed on StreetEasy, went into contract in August and closed earlier this month for $27.13 million, property records filed with the city today show. [more]

    3 Comments
  • one-57

    157 West 57th Street in Midtown, and Noble Black

    Chicago-based investor SSO Enterprises flipped a condominium unit at One57 for a profit of nearly $4 million, having paid $30.6 million for it in May and unloading it for $34 million this week.

    The three-bedroom unit on the 58th floor at Extell Development’s forthcoming high-profile residential tower was on the market for $40 million as a sponsor unit. Hedge-fund manager Harvey Sandler and his wife Phyllis acquired the 4,483-square-foot resale unit for $34 million. [more]

    1 Comment
  • Miller Samuel President and CEO Jonathan Miller

    Miller Samuel President and CEO Jonathan Miller

    Only two units at Extell Development’s One57 went into contract in the first half of the year, following a three-month period at the end of 2013 when none of the pricey condos sold. Is that simply because they’re priced too high?

    The issue is actually less a question of demand than supply, Miller Samuel President and CEO Jonathan Miller said during an appearance on Bloomberg TV. They were really one of the first in and very aggressive in pricing, but overshot the market, he said. Click here to see the video.

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  • From left: One57, 220 Central Park South and 520 Park Avenue

    From left: One57, 220 Central Park South and 520 Park Avenue

    In another sign of trouble at the top of New York City’s housing market, the abundance of new ultra-luxury condominiums for sale is sapping the urgency out of the hunt for a high-end home, real estate professionals say.

    At Extell Development’s One57, just two units went into contract through the first half of the year, Bloomberg News reported. That follows a three-month period at the end of last year when no condos sold, according to the news site. [more]

    1 Comment
  • Moma-Tower-Front

    From left: Jean Nouvel, 53 West 53rd Street rendering and floor plans

    Floor plans for the Jean Nouvel-designed MoMa tower planned for Midtown reveal that the largest penthouse will be nearly 19 times the size of the smallest staff apartment. Developer Hines disclosed those figures in an application filed last month to sell condominium units at the 1,050-foot skyscraper. Click here for a slideshow and more.

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  • From left: Rogerio Fasano, 16 West 57th Street and Rafael Vinoly

    From left: Rogerio Fasano, 16 West 57th Street and Rafael Vinoly

    A new luxury hotel is coming to billionaire’s row. [more]

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  • View from the Park Hyatt New York's Spa Nalai

    View from the Park Hyatt New York’s Spa Nalai (Credit: Mella Robinson for Business Insider)

    Earlier this month, the luxury hotel chain Park Hyatt opened its flagship New York location, Park Hyatt New York.

    Housed inside the near-complete condo One57 on 57th Street, Park Hyatt is 25 floors of sheer elegance and opulence. Rumor has it, in fact, that the Park Hyatt New York could become the first new five-star hotel in New York in more than 11 years. [more]

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  • Cohen-Missry-Polevoy-One57

    From left: Bruce Cohen, Morris Missry, Martin Polevoy and One57 at 157 West 57th Street (Photo credit: John Cahill)

    Within the lofty heights of New York City commercial and residential real estate world, it’s often a given that as the prices rise, the number of industry professionals equipped to service such buyers and sellers, declines. [more]

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