The Real Deal New York

One57 unit sells for roughly $6M loss

Unlisted condo sold for $21.5M after selling for $27.1M in 2014
By Eddie Small | March 16, 2018 05:20PM

One57 (Credit: Getty Images)

Another unit in Extell Development’s One57 has sold, this time at a roughly $6 million loss.

Unit 63B has sold for $21.5 million, according to property records filed with the city Friday. In 2014, the same unit sold for approximately $27.1 million.

The seller is listed as West 57 Hudson LLC, while the buyer is listed as Xanthos Investments Limited. Both are represented by attorney Martin Polevoy, who declined to comment on the sale.

Michael Dell, founder and CEO of Dell Technologies, was recently revealed as the buyer of the building’s $100.5 million penthouse, a deal which closed at the property at 157 West 57th Street in December 2014. The purchase was the priciest closed home sale in Manhattan, although an unknown buyer recently went into contract to buy the five-story penthouse at the Crown Building for $180 million, which would shatter that record if it closes.

Canadian billionaire Lawrence Stroll has listed his luxury condo at One57 for $70 million. The unit belonging to Nigerian billionaire Kola Aluko, who is under investigation for money laundering, sold at auction for $36 million — roughly $16 million less than Aluko paid for it.