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 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
217 West 57th Street with Extell Developement's Gary Barnett and Corcoran's Pamela Liebman (Photos via Extell; Barnett via Anuja Shakya)

Extell brings on Corcoran Sunshine to help market Central Park Tower

Extell brings on Corcoran Sunshine to help market Central Park Tower
Lanhee Yung and Sush Torgalkar (Photos via Cornell; Getty)

Extell, Starwood alums seek $500M for “contrarian” investing

Extell, Starwood alums seek $500M for “contrarian” investing
Extell's Gary Barnett and a rendering of 50 West 66th Street (Courtesy of Snøhetta)

Judge throws cold water on Extell’s UWS condo development

Judge throws cold water on Extell’s UWS condo development
Tel Aviv Stock Exchange bull (Wikimedia Commons)

NYC developers face downgrades on Israeli bond market

NYC developers face downgrades on Israeli bond market
Claude Wasserstein and 995 Fifth Avenue (Getty, Google Maps, Sotheby's)

Claude Wasserstein relists UES penthouse for $55M

Claude Wasserstein relists UES penthouse for $55M
arrow_forward_ios

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

Loading...