The most talked about residential project in New York just gave the city even more to buzz about. On Friday, the closing of a record-breaking $100.5 million penthouse at Gary Barnett’s One57 was recorded. The deal was the first to break the triple-figure mark.
To mark the coronation, The Real Deal looked back at the last five properties to break the Big Apple’s residential sales record.
- A mystery buyer shielded by an LLC plunked down a whopping $100.5 million for a penthouse at One57. The unit in the “Billionaires’ Row” tower checks out at 10,923 square feet, over the entire 89th and 90th floors.
- Former Citigroup Chairman and CEO Sanford Weill smashed the city’s record for the largest residential sale in 2012 when he nearly doubled his investment for his 15 Central Park West penthouse. Brokered by Kyle Blackmon, the deal netted Weill $88 million. The buyer was Ekaterina Rybolovleva, the daughter of fertilizer magnate Dmitry Rybolovlev.
- Harkness Mansion became the first residential property in New York City to fetch more than $50 million. In 2006, private equity titan J. Christopher Flowers paid $53 million for the 20,000-square-foot manse at 4 East 75th Street, which he later sold at a loss for $36.5 million in 2011.
- Using an LLC called “Panorama on the Park,” hedge-funder and activist investor Daniel Loeb bought a penthouse condo at the tony 15 Central Park West for $45 million. Michael Gross, in his novel “House of Outrageous Fortune,” reported that the Third Point founder tussled with the moms of 15CPW over the temperature of the building’s 75-foot lap pool. (Editor’s note: Loeb’s deal went into contract in 2005, but didn’t close until 2008)
- News Corp. Chairman and CEO Rubert Murdoch picked up the 834 Fifth Avenue co-op penthouse of the late Laurance Rockefeller for a then record-breaking $44 million in 2005. At the time of the closing, the apartment had 20 rooms and nearly 8,000 square feet of space among three floors at the building.