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Two Manhattan Real Estate Records Fell Last Week

The duplex penthouse condo at One57 went to a mystery buyer for over $90 million last week, edging out the previous all-time high price in NYC of $88 million (paid this year by Russian oligarch Dmitry Rybolovlev for a 15 Central Park West penthouse to be occupied by his 22-year-old daughter Ekaterina). The 10,923-square-foot apartment will rest on the 89th and 90th floors of the building currently being constructed at 157 West 57th Street. Developer Gary Barnett of Extell Development Company would only say that the buyer was “someone that people would recognize” and not from Russian, the Ukraine or “any other part of the former Soviet Union.”

Meanwhile, the investor Howard Marks paid $52.5 million for a a 30-room co-op at 740 Park Avenue (pictured above), toppling the previous co-op record of $48 million. 740 Park Avenue is an almost-mythical address in the minds of New York real estate followers, but as made clear by recent activity downtown and across the park, this and other stalwarts of the blue-blooded Upper East Side are no longer the biggest deals in town.

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Source: [NYT Real Estate]

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New York February / March 2014
New York February / March 2014