The Real Deal Logo

search

Trending

Floyd Mayweather Jr. bets on office comeback, invests with 601WFloyd Mayweather Jr. bets on office comeback, invests with 601WCook County didn’t check eligibility for senior property-tax freezesCook County didn’t check eligibility for senior property-tax freezesBill Ackman lists Central Park West duplexBill Ackman lists Central Park West duplexMcG and John Mayer buy historic Hollywood movie lot for $40MMcG and John Mayer buy historic Hollywood movie lot for $40M
New York

Penciling out the penthouses

Soaring prices for luxury apartments bulk up profit margins for developers

(Credit: Noah McDonough)
(Credit: Noah McDonough)

Sign Up for the undefined Newsletter

From the April issue: Years before anyone called 57th Street “Billionaire’s Row,” developer Gary Barnett was gunning for a sales record at his Christian de Portzamparc-designed One57 in Midtown. In December, he got his wish, when his top penthouse sold for $100.5 million, setting a record for the most expensive apartment ever sold in Manhattan. [more]

Recommended For You