NYC's 7 Most Expensive Apartment Units
On Tuesday we learned that a Quatari buyer wants to combine units at 220 Central Park South to create a $250M apartment that would more than double the selling price of any unit ever sold in NYC. That news follows the listing of a triple townhouse at 12-16 East 62nd St earlier this month for $120M. Meanwhile, JDS and PMG’s supertall, ultra-luxe 111 West 57th St will add a fresh round of inventory to the upper end of the market once sales start, which JDS founding partner Michael Stern told us would happen by the end of this quarter. Michael downplayed the supposed glut in ultra-luxe supply at Bisnow’s NYC Multifamily Summit this March. “There really isn’t this big inventory crush,” he said. “If you count all the new units on the 57th Street corridor, it’s a few hundred units. You’re not talking about thousands of units.” Whatever the number, they keep coming. Here’s a look at seven of the most expensive ones to list or sell so far this year.
Listing price: $60M
Developer: Starwood Capital
Architect: SOM
PPSF: $8,129
Floors: 48 and 49
Listing price: At least one four-bedroom unit is reportedly asking $60M on the development's site, which launched this week.
Developer: Hines
Architect: Jean Nouvel
PPSF: $8,709
Sale price: $95M
Developer: Macklowe Properties and CIM Group
Architect: Rafael Vinoly
Floor: 92
PPSF: $11,508
Who's got that kind of cash? The Real Deal reported in May that the likely buyer is Saudi retail tycoon Fawaz Al Hokair.
Sale price: $100.5M, made public in January.
Developer: Extell
Architect: Christian de Portzamparc
PPSF: Roughly $9k
Floors: 89 and 90
Who's got that kind of cash? An LLC has kept the buyer's identity a secret.
Asking price: $100M
Developer: Vornado Realty Trust
Architect: Robert A.M. Stern
PPSF: $10,500
Who's got that kind of cash? News came out Tuesday that a Quatari buyer wants to combine penthouses.
Listing price: $130M
Developer: Zeckendorf Development
Architect: Robert A.M. Stern
PPSF: $10,486
Floors: 52 to 54
Asking price: $150M
Developer: The Chetrit Group
Architect: Philip Johnson
PPSF: $6,975
