Another big buy at One57 as unit goes for $27M

Sales picking up at Extell's tower

New York /
Oct.October 09, 2014 12:12 PM

After a lull in sales, activity at One57 has picked up in the past few days, most recently with the $27 million sale of a 63rd-floor apartment in the Extell tower.

Sponsor unit 63B, which was not listed on StreetEasy, went into contract in August and closed earlier this month for $27.13 million, property records filed with the city today show.

The buyer was listed as West 57 Hudson LLC. The buyer’s attorney, Martin Polevoy of DLA Piper, had also represented the buyer of the unit next door, 63A, which sold for $32.57 million back in July — a record in the building at the time.

In late September, appraiser Jonathan Miller of the firm MillerSamuel said that only two units at One57 went into contract during the first half of the year, following a three-month span at the end of 2013 when no apartments went into contract.

Just last week it was reported that a Chicago-based investor who bought a 58th-floor apartment in May turned around and flipped it for $34 million.

To date, 32 of the building’s 94 units have been recorded with the city as sold, according to PropertyShark.com. A spokesman for the building said more than 75 percent of the units have been sold.

Correction: A previous version of this article stated that 32 of the units at One57 had been sold. That figure represents only sold units that have been recorded with the city.


Related Articles

arrow_forward_ios
Comptroller Scott Stringer (Getty)
City landlords’ tax delinquencies approach Great Recession levels
City landlords’ tax delinquencies approach Great Recession levels
(Getty)
NYC overtakes San Francisco as most expensive city for renters: report
NYC overtakes San Francisco as most expensive city for renters: report
Robert Herjavec and One57 (Getty, Beyond My Ken/Wikimedia)
Robert Herjavec buys One57 condo at $13M discount
Robert Herjavec buys One57 condo at $13M discount
Bidding wars occurred in 35 percent of North Fork home sales. (iStock)
Bidding wars drive Long Island home prices to new highs
Bidding wars drive Long Island home prices to new highs
(iStock)
Brooklyn and Queens see record sale prices, bustling sale activity
Brooklyn and Queens see record sale prices, bustling sale activity
Competition for Rentals Heats Up in Manhattan, Brooklyn, Queens
Competition for NYC rentals intensifies as listings dwindle
Competition for NYC rentals intensifies as listings dwindle
(iStock)
Long Island sales reach new highs with inventory at record lows
Long Island sales reach new highs with inventory at record lows
Extell's Gary Barnett and One57 (Getty)
One57 is 90% sold: Extell announces Q1 sales
One57 is 90% sold: Extell announces Q1 sales
arrow_forward_ios

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

Loading...