One57 buyers pay dearly for park views: VIDEO

New York /
Jun.June 24, 2013 01:30 PM

The long, direct view of Central Park is what’s commanding hefty prices at the under-construction One57 tower, Extell Development President Gary Barnett told CNN.

“None of the other buildings really have this kind of long view of Central Park — a lot of them have lateral views, angular views,” he told the news channel, calling the views “the money shot.”

CNN tours the model unit, which is asking $17 million and measures about 3,000 square feet, and takes in the views from the top of One57 in the video above.

Buyers at what will be, at least briefly, the city’s tallest residential tower are about half foreign, Barnett told CNN. Chinese buyers are the dominant presence, he said, including the woman who bought an apartment for her 2-year old.

About 70 percent of the units at what CNN said has been dubbed the “Billionaire’s building,” are in contract, Barnett said, and total sales should gross $2 billion for Extell, CNN said. [CNN]Zachary Kussin


Related Articles

arrow_forward_ios
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
Gary Barnett taps outsider as CEO of Extell
Gary Barnett taps outsider as CEO of Extell
Gary Barnett taps outsider as CEO of Extell
Extell's Gary Barnett and One57 (Getty)
One57 is 90% sold: Extell announces Q1 sales
One57 is 90% sold: Extell announces Q1 sales
Extell sells One57 sponsor unit for $17M
Extell sells One57 sponsor unit for $17M
Extell sells One57 sponsor unit for $17M
The soft market for luxury units has some developers hard up. (Getty)
Buyers taking advantage of New York City’s condo glut
Buyers taking advantage of New York City’s condo glut
One57's unit 51B (left) and unit 32C with Extell’s Gary Barnett (One57 photos via StreetEasy)
One57 resident pays $5.2M to swap 2-bed for duplex
One57 resident pays $5.2M to swap 2-bed for duplex
Central Park Tower at 217 West 57th Street and Extell president Gary Barnett
Closings kick off at Central Park Tower
Closings kick off at Central Park Tower
arrow_forward_ios

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

Loading...