The Real Deal New York

Posts Tagged ‘one57’

  • One57 unit sells for $32.5M

    August 08, 2014 06:00PM
    Closed sales at Barnett's One57 now total nearly $450 million

    Closed sales at Barnett’s One57 now total nearly $450 million

    The latest in a series of bumper sales at Gary Barnett’s One57 is a 63rd-floor pad that a mystery buyer just picked up for $32.5 million, according to property records filed with the city today. That’s a little over $7,250 per square foot. [more]

  • From left: Gary Barnett and Roy Kim (Credit: Urban Compass)

    From left: Gary Barnett and Roy Kim (Credit: Urban Compass)

    Extell Development’s top design executive left Gary Barnett’s firm to join Urban Compass. Roy Kim, who worked on projects including One57 and the Carlton House, will build a new development team at the cash-rich real estate tech startup. [more]

  • From left: Alicia

    From left: Alicia Glen, Aby Rosen and Robert A.M. Stern

    From the July issue: In this month’s in their words feature, Aby Rosen gets honest about Extell Development’s One57 project. Starchitect Robert A.M. Stern explains suburbs in a health-related metaphor. Lastly, Alicia Glen, the deputy mayor for housing and economic development, discusses the not-so-top priority of the Midtown East rezoning. [more]

  • A rendering of the New York City skyline in 2020

    A rendering of the New York City skyline in 2020

    Midtown Manhattan is already home to a huge number of skyscrapers, but the next generation of towers being built between 53rd Street and the south side of Central Park will be even taller. [more]

  • The Park Hyatt New York

    The Park Hyatt New York

    WEEKENDEDITION Hyatt Hotels is hoping to make its Park Hyatt New York, which is opening next month at the base of One57, Manhattan’s first new five-star hotel in nearly a decade. [more]

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  • From left: The Pierre, One57 and 15 Central Park West

    From left: The Pierre, One57 and 15 Central Park West

    The most expensive apartments in New York City’s wealthiest neighborhoods are often vacant for large chunks of the year. [more]

  • Sales slow amid luxury condo glut

    June 13, 2014 12:40PM
    From left: 157 West 57th Street and 432 Park Avenue

    From left: 157 West 57th Street and 432 Park Avenue

    Has the supply of New York’s high-end condominiums finally outpaced billionaires’ appetite to buy?

    Sales are slowing at the city’s priciest new developments, a sign that the supply of luxury units has finally caught up with demand, according to the New York Daily News. [more]

  • One57 condo goes for $19M

    June 09, 2014 10:27AM
    Rendering of 157 West 57th Street

    Renderings of 157 West 57th Street (Photos by Evan Joseph)

    A couple currently residing at Columbus Circle shelled out $19 million last month to snag a condo a few blocks away at One57, city records show. [more]

  • Aby Rosen slams One57

    June 03, 2014 11:00AM
    From left: Aby Rosen, One57 and Tom Wolfe

    From left: Aby Rosen, One57 rendering and Tom Wolfe

    No New York institution is seemingly safe from the opinion of real estate mogul Aby Rosen. [more]

  • 157 West 57th Street

    157 West 57th Street

    Another unit at One57 has sold for a hefty price. [more]

  • Inside One57’s big buys

    May 16, 2014 10:30AM
    From left:

    From left: One57, Silas Chou, Lawrence Stroll and George Constantin

    From the May issue: The luxury market has received a lot of press for the outrageous prices buyers are paying. And at almost no building is that truer than at One57, where the average price per square foot is $6,888, according to the building’s offering plan. [more]

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  • Bill Ackman

    Bill Ackman

    From the May issue: With a career marked by big real estate bets, which resulted in both hefty jackpots and big busts, it may not be surprising that William Ackman, who runs the $11 billion Pershing Square Capital Management hedge fund, continues to invest in the sector. [more]

  • Extell sells One57 pad for $30.6M

    May 12, 2014 01:39PM
    Gary Barnett and One 57

    Gary Barnett and One 57

    Another day, another bumper sale at Gary Barnett’s One57. Barnett’s firm, Extell Development, pocketed $30.6 million for a sponsor unit on the 58th floor of the glassy tower, according to property records filed with the city on Monday.

    The 4,483-square-foot pad has four bedrooms and 4.5 bathrooms, according to Extell’s condominium offering plan. The unit was most recently listed at $32.4 million, or about $7,227 per square foot. [more]

  • A rendering showing the expansive views from a One57 apartment

    A rendering showing the expansive views from a One57 apartment

    From the May issue: Gary Barnett’s One57 is the most talked-about residential project to hit the city since 15 Central Park West. But while it may be providing juicy, of-the-moment fodder for the industry, the land for the 90-story skyscraper took a decade for Barnett and his team at Extell Development Company to assemble. [more]

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  • 62a

    From left: 157 West 57th Street, Brenda Powers and Elizabeth Sample

    A day after the $31.7 million sale of a three-bedroom condominium at Extell Development’s One57 hit property records, the sponsor unit is once again fair game and on the market for a price nearly $10 million higher, according to StreetEasy data. [more]

  • balloon

    Aerial photograph from white balloon (Credit: (Inset: Curt Westergard)

    Virginia-based Digital Design and Imaging Services sent a large balloon into the sky over Manhattan this week to snap photographs of future skyscrapers’ views for developers and architects. [more]

  • 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. [more]

  • Extell’s One57 facing 19 lawsuits

    April 08, 2014 02:50PM
    Extell's Gary Barnett and One57

    Extell’s Gary Barnett and One57

    Extell’s One57, the condominium tower that shattered sales records with a $90 million penthouse sale, has also become the target of a whopping 19 civil lawsuits.

    Job-site injury claims are cited in 10 of them, while a wrongful-death case and alleged $27 million debt to a contractor are also in the mix. [more]

  • One57 sponsor unit sells for $30M

    April 04, 2014 02:10PM

    George Constantin and One57

    A 59th-floor condominium unit at Extell Development’s trophy residential tower One57 has sold for $30 million.

    The buyer, Efstalamar LLC, shares an address with the George Constantin-led Heritage Realty Services. The three-bedroom apartment — a sponsor unit — spans 4,200 square feet. Four sponsor units were listed for sale by Extell in February, asking between $18.85 million and $32.75 million. [more]

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  • Construction at One57

    Construction at One57

    From Luxury Listings NYC: A fire on Saturday at the mega-luxe One57 development in Midtown — where an investor famously purchased the building’s penthouse for a whopping $90 million — became the target of a complaint filed with the state Supreme Court on Sunday. Michael Hurwitz, a lawyer who lives just behind the super-tall building, filed court documents as the sole plaintiff seeking a temporary restraining order barring Extell Development, the construction company Lend Lease and a collection of yet-to-be-identified firms also working on the project from access and further construction. [more]

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