One57 buyers pay dearly for park views: VIDEO

TRD 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 a rendering of 50 West 66th Street (Courtesy of Snøhetta)

Judge throws cold water on Extell’s UWS condo development

Judge throws cold water on Extell’s UWS condo development
Gary Barnett and Sush Torgalkar with 225 West 57th Street, 225 West 86th Street, and 169 Columbia Heights in Brooklyn (Credit: Getty Images, iStock, and CityRealty)

Torgalkar out as CEO of Extell: sources

Torgalkar out as CEO of Extell: sources
HNA Group’s Guoqing Chen, One57 and  and Gary Barnett (Godsfriendchuck via Wikipedia)

HNA’s fire sale continues with One57 deal

HNA’s fire sale continues with One57 deal
Gary Barnett and 149 East 124th Street (Credit: Google Maps)

Extell’s plan for East Harlem development site revealed

Extell’s plan for East Harlem development site revealed
Central Park Tower and Gary Barnett

Pricey listings including UES townhouse, Central Park Tower condos go live

Pricey listings including UES townhouse, Central Park Tower condos go live
arrow_forward_ios

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

Loading...