Zeckendorfs’ 50 UN Plaza poised to set Turtle Bay price records

Developers in talks for a restaurant to occupy the ground-floor retail

New York /
Jun.June 07, 2013 12:00 PM

A $55 million duplex penthouse is among the upcoming listings at 50 United Nations Plaza, the 44-story tower developed by the Zeckendorf brothers  that some real estate experts project will set price records for Turtle Bay, Bloomberg News reported.

All deals at the 88-unit condominium at 47th Street and First Avenue will likely fall within the top 10 percent for Manhattan, Jonathan Miller of Miller Samuel told Bloomberg. It’s the neighborhood’s first new residential project since Trump World Tower arrived in 2001.

Prices will start at $2.8 million for a one-bedroom unit, and from $3.6 million to $9.4 million for two-bedrooms, according to documents filed with the New York Attorney General’s Office cited by Bloomberg News. Sales are slated to begin in the third quarter of this year.

The aforementioned 9,700-square-foot penthouse on the 43rd and 44th floors has five bedrooms, two of which are for staff and are adjacent to the kitchen. The unit also features a pool and terrace on the top floor.

William and Arthur Zeckendorf broke ground in November on the condominium, a project that was stalled for four years during the recession. The Zeckendorfs paid $160 million for the site in 2007.

The developers told Bloomberg a “top restaurant operator” is in talks to occupy a 2,000-square-foot venue at the base of the tower. [Bloomberg News]Mark Maurer


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