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


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