Former Padres owner’s ex pays $55.5M at One57

Sale is Extell’s fourth to close in recent weeks

New York /
Dec.December 05, 2014 12:52 PM

Rebecca Moores, the ex-wife of Texas millionaire and former San Diego Padres owner John Moores, closed on a full-floor condo at Extell Development’s One57, paying $55.5 million, according to property records.

Records show the buyer of Unit 81 was the Rebecca Ann Moores Family Trust. The unit went into contract on April 28 and closed November 18.

Measuring 6,240 square feet, the apartment has 580 square feet of outdoor space, as well as four bedrooms, five-and-a-half bathrooms and views to the North, South, East and West.

The sale doesn’t top the $90 million that billionaire hedge-funder Bill Ackman shelled out for One57’s 13,554-square-foot penthouse. Ackman is reportedly trying to flip the residence, located on the 75th and 76th floors.

But Unit 81 was the most expensive condo left, among those for sale in the building, where sales have slowed amid increased competition from projects like Zeckendorf Development’s 520 Park Avenue, Vornado Realty Trust’s 220 Central Park South and Macklowe Properties’ 432 Park.

Extell reportedly sold just one apartment at One57 in the third quarter and three units this year through September 30, according to Bloomberg.

But the previous few weeks have seen a flurry of activity, including the sale of a sponsor unit on the 80th floor for $53 million in November and two deals in October, when Michael Kors co-chairman Silas Chou paid $56.1 million for an 82nd floor pad and Extell sold another unit for $26 million.


Related Articles

arrow_forward_ios
One Manhattan Square Extell Development CEO Gary Barnett (Credit: Curbed NY)
Extell lands $690M refinancing package for One Manhattan Square
Extell lands $690M refinancing package for One Manhattan Square
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
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...