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
Donald Trump (Getty)
Pandemic dashed one-quarter of Trump’s NYC retail tenants
Pandemic dashed one-quarter of Trump’s NYC retail tenants
Extell to build UES building around 2 occupant holdouts
Extell to build UES building around 2 occupant holdouts
Extell to build UES building around 2 occupant holdouts
From left: Robert Mercer with 48-05 Metropolitan Avenue and Gary Barnett with 17 West 60th Street (Getty, Google Maps, Bulado General Contractors Corp)
$730M loan bundle funds slew of NYC projects
$730M loan bundle funds slew of NYC projects
CVS Health shuttering almost 1,000 stores in 3-year pivot
CVS Health shuttering almost 1,000 stores in 3-year pivot
CVS Health shuttering almost 1,000 stores in 3-year pivot
Planning Commission approves permanent outdoor dining sheds
Planning Commission approves permanent outdoor dining sheds
Planning Commission approves permanent outdoor dining sheds
arrow_forward_ios

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

Loading...