European buyer shells out $45M at One57

77th-floor pad went into contract in 2012 and sold for more than $7,000 psf

TRD New York /
Apr.April 28, 2015 11:20 AM

UPDATED: 12:35 p.m., April 28: Hedge funder Bill Ackman just got himself a new neighbor at One57.

An undisclosed European buyer paid $45 million for Unit 77, a full-floor condo one floor above the duplex bought by Ackman and a group of investors. The 77th-floor pad has four bedrooms and 4.5 bathrooms.

Unit 77 went into contract in January 2012 and closed on Monday, according to Wendy Maitland, president of sales at Town Residential, which represented the buyer in the sponsor sale. “It was bought off of plans,” she said. Former Town agent Robert Dvorin, who is now an agent at Douglas Elliman, brought in the buyer.

Measuring 6,240 square feet, the unit sold for more than $7,211 per square foot. That’s a premium over the $6,750-per-square-foot price paid by the Ackman-led group, which shelled out a total of $91.5 million — the city’s second-priciest closed sale ever — for the 13,554 square foot duplex on floors 75 and 76.

Extell Development’s One57 currently holds the record for the city’s priciest sale, at $100.5 million. Last week, an entity called Hebrews 3:4 LLC bought a 53rd-floor apartment there for $30 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 Development's Gary Barnett (Credit: Getty Images and iStock)

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

Raizy Haas and Gary Barnett (Credit: Getty Images, iStock)

One of Gary Barnett’s longtime deputies is leaving Extell

Gary Barnett and 1855 Broadway (Credit: Google Maps)

Gary Barnett assembling Columbus Circle development site

Extell Development chairman Gary Barnett and One Manhattan Square (Credit: Anuja Shakya, StreetEasy)

Rent now, buy later at Extell’s One Manhattan Square

206 West 17th Street, 116 7th Avenue, and Extell Development’s Gary Barnett (Credit: Google Maps)

What rich people in NYC will pay to keep their view: TRD analysis

José Cuervo owner Juan Beckmann Vidal and 1010 Park Avenue (Credit: Getty Images, StreetEasy)

Mexican billionaire buys Park Ave pad for $25M amid shopping spree

arrow_forward_ios