The Real Deal New York

Billionaires’ Row: 2014-2016?

The city’s “wealthiest” street is struggling to live up to its name

August 04, 2016 09:00AM
By Konrad Putzier

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Click to enlarge

From the August issue: In 2011, 57th Street could barely be called millionaire’s row, with an average sales price of $1.57 million, according to City Realty. But as everyone already knows, One57, which was completed in 2014, changed all that. By the first quarter of 2016, the sales average, inflated by closings at super-prime skyscrapers One57 and 432 Park, had soared to $10.39 million — a 625 percent increase that seemed to indicate the corridor’s nickname of “Billionaires’ Row” might actually stick. [more]