News broke last week that Extell's One57, the skyscraper that launched the whole "Billionaires' Row" thing, would be turning apartments that were initially earmarked as luxury rentals into fully-furnished condos. Now, listings for those apartments—all located on either the 34th or 38th floor of the building—have arrived on StreetEasy, with prices ranging from $3.5 million for a 1,021-square-foot one-bedroom on the 34th floor, to an $11 million, 2,416-square-foot three-bedroom, three-bathroom spread on the 38th floor.
The building was expected to have a sellout of more than $2 billion, and while some reports have put that number even higher, there's a catch: the building hasn't exactly sold out yet. Extell has done several things to mitigate this—bringing in outside help, offering more turnkey apartments, and now this rental-to-condo switcheroo.
The current crop of apartments is meant, in theory to cater to a clientele who wants "efficiently sized, luxury inventory below $10 million" (in Extell's words), who may not want to pay the exorbitant price of, say, an 83rd-floor four-bedroom going for $58.5 million.
- One57 [StreetEasy]
- One57 Pads Once Deemed Rentals Are Now Turnkey Condos from $3.5M [Curbed]