Michael Kors investors are One57 buyers

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

arrow_forward_ios
One Manhattan Square Extell Development CEO Gary Barnett (Credit: Curbed NY)
Extell lands $690M refinancing package for One Manhattan Square
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
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
Extell just went public with Central Park Tower listings
Chick-fil-A CEO Andrew Cathy and a rendering of Chik-fil-A 2205 Central Park Avenue in Yonkers  (Chik-fil-A/City of Yonkers)
Chick-fil-A hatches first Westchester location
Chick-fil-A hatches first Westchester location
Harry Macklowe with 1 Wall Street
Macklowe’s 1 Wall Street tops Manhattan’s largest retail leases of 2022
Macklowe’s 1 Wall Street tops Manhattan’s largest retail leases of 2022
Extell Development’s Gary Barnett and Ze'ev Jabotinsky St 3 in Jerusalem, Israel
Gary Barnett gives Jerusalem a chance with land purchase
Gary Barnett gives Jerusalem a chance with land purchase
(Photo Illustration by Steven Dilakian for The Real Deal with Getty)
Manhattan retail market rises again, but momentum wanes
Manhattan retail market rises again, but momentum wanes
Retail, Shopping Centers, Cushman & Wakefield
U.S. shopping center vacancy hits 15-year low
U.S. shopping center vacancy hits 15-year low
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...