PROPERTY VALUES in New York obviously haven’t been too affected by the global downturn, at least not at the swanky super-luxury end of the market where Brazilians, Chinese and Russian buyers are willing to pay top dollar.
And it doesn’t get much more swanky or super-luxury than One57, a midtown apartment tower still under construction where a mystery buyer has agreed to pay a record price for the city believed to be more than $90 million for a duplex penthouse .
The buyer, who declined to be named, bought the 10,923-square-foot penthouse on the 89th and 90th floors of the building on West 57th Street. The building is due to be completed next year and will be one of the city’s highest residential buildings.
And while the price achieved might seem stratospheric, it is actually far short of the $115 million sought by the developer, who might have been hoping to crack the elusive $100 million barrier for a residence in New York.
The appeal of the building, which has a Park Hyatt below, is in part the striking views of the southern end of Central Park. Since it opened for sales in December, about half the 92 apartments have been sold.
The price is believed to top the $88 million that a trust benefiting the daughter of a Russian billionaire, Dmitry Rybolovlev, paid this year for a penthouse at 15 Central Park West. That purchase also drew gasps for the record price paid per square foot: more than $13,000.
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