One57 apartment sells for $13M below its ask

The 6,000-square-foot apartment was originally listed for $58.5M

New York /
Dec.December 19, 2016 06:05 PM

UPDATED, 6:34 p.m., Dec. 19: Extell Development’s One57 has taken another hit.

A 6,240-square-foot sponsor unit at the luxe condominium tower sold for $45.8 million, or roughly $7,343 per square foot, according to property records filed with the city Monday. That’s $12.7 million below the last asking price of $58.5 million.

Three private trusts were used to buy unit 83 at the building. Two of them are linked to the family of British billionaire and kitchen tycoon Malcolm Healey.

The apartment — which features four bedrooms, five bathrooms and a chef’s kitchen — first hit the market in March 2015 for $58.5 million.

Anna Zarro, Extell’s TRData LogoTINY director of residential sales and leasing, said in a statement that the unit had gone through “five price amendments since it was originally offered for sale in 2011.”

“Additionally,” Zarro added, “a previous purchaser forfeited a deposit on this unit which allowed us to take an even deeper discount than the 10-15 percent that we are currently extending on other upper floor units in the building. It was an excellent deal for both parties.”

The building, which holds the record for the most expensive condominium sale in the city, has been home to a number of high profile discounts lately. It was once the symbol for the city’s luxury residential boom.

In October, Chinese billionaire Liu Yiqian snapped up a 62nd-floor apartment in the building for $23.5 million, which was $8.2 million less than what the seller had paid in 2014.

Last week, the asking price at unit 65A was dropped from $27.9 million to $25.9 million, a discount of 7 percent.  The week before, the asking price of 52B was slashed from $31.7 million to $29.9 million.


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