A sponsor unit at Extell’s One57 just sold at a 24% discount

The buyer was anonymous

TRD New York /
Feb.February 01, 2019 01:45 PM

Exterior and interior views of 157 West 57th Street (Credit: Wikipedia)

Discounts continue to dominate the ultra-luxury condo market.

A sponsor unit at Extell Development’s One57 tower sold for $22 million, down from its original listing price of $28.9 million.

The anonymous purchaser bought unit 60B through an LLC called “Thrive Land NY,” according to property records. The deed was signed by Lei Fu, for the law firm Ju Wang Associates.

The firm has offices in Manhattan and Beijing, and their website states they specialize in working with Chinese clients.

The three-bedroom, three-and-a-half bathroom apartment has views over Central Park and the Manhattan skyline.

Extell’s luxurious tower at 157 West 57th St has a performance room with Steinway piano that overlooks Carnegie Hall, a library room with a 24-foot aquarium and a pet wash room.

As the ultra-luxury market slowed last year, Extell offered to pay for three years’ worth of common charges on one- and two-bedroom units put into contract at One57 and its other developments by Dec. 31, 2018.


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