Michael Kors investors are One57 buyers

TRD New York /
Sep.September 25, 2012 08:30 AM

Despite unprecedented interest in the building’s pricing and sales figures, the actual identity of buyers into Extell Development’s One57 condominium have been kept close at bay. But the New York Times confirmed the identity of two billionaire buyers of $50 million One57 apartments — bringing the number of known buyers in the development to three.

Confirming a New York Post report over the weekend, the Times said Lawrence Stroll and Silas Chou, the Canadian and Hong Kong businessmen who took fashion label Michael Kors public last year, purchased the 85th and 82nd floor, respectively, in the building. Stroll paid just under $50 million for his 6,200-square-foot unit around the time of the IPO, and Chou paid slightly more for his similarly sized home shortly thereafter. The Times said the only other buyer to be revealed thus far is Richard Kringstein, who is the co-owner of outerwear brand Herman Kay Company and bought a three-bedroom spread.

Stroll is estimated to be worth $1.8 billion and Chou, who is also the son of a Hong Kong billionaire, is believed to be worth $2 billion, according to Forbes. [NYT] and [Post]Adam Fusfeld

Related Articles

One Manhattan Square Extell Development CEO Gary Barnett (Credit: Curbed NY)

Extell lands $690M refinancing package for One Manhattan Square

Extell Development's Gary Barnett (Credit: Getty Images and iStock)

Chelsea residents paid Gary Barnett $11M to protect their views from a planned tower

Central Park Tower

Extell just went public with Central Park Tower listings

VTS CEO Nick Romito (Credit: iStock, VTS)

VTS to focus on retail customers in 2020

Gary A. Shiffman and Prologis CEO Hamid R. Moghadam (Credit: Prologis)

Here’s why “Steady-Eddie” REITs are having a standout 2019

Rumble's Chelsea location at 146 West 23rd Street, Noah Neiman and Brian Ripka (inset) (Credit: Getty Images and Google Maps)

The gloves are off: Another lawsuit for boxing chain Rumble

Target ads (right) seen on the corner of 42nd Street Eighth Avenue (Credit: Google Maps)

Target sets bullseye on Times Square with new lease

Brooklyn Point at 138 Willoughby Street and Extell Development’s Gary Barnett (Credit: Alistair Gardiner for The Real Deal)

And you get an incentive! Extell offers to pay carrying costs at Brooklyn’s tallest tower