Prices continue to drop at One57, with yet another hyper-luxury condo selling at a steep discount. An LLC called "Escape From New York" tried flipping a condo for $39 million, but may have ended up selling it at a huge loss.
The priciest sale to close in NYC this week is a $21.5M sponsor unit at "Billionaire Building" One57. The apartment sold at a steep discount, but the buyer(s) don't seem too concerned with funds: they also own the sprawling apartment next door.
News broke last week that Extell's One57 would turn 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.
As Manhattan real estate continues to break historic sales numbers, top brokers are anxious about a growing crisis in constructing housing for non-billionaires. There are plenty of "over-priced" luxury homes, but that’s not what is needed.
It's been quite the back and forth on these apartments. Fearing a slowdown in sales a group of 38 apartments at One57 were offered as high end rentals. Then that didn't work out so now they're back for sale, and they're fully furnished this time.
This four-bedroom apartment at One57 is asking $120,000/month, making it among New York City's priciest rentals. Its owner is anonymous, but the unit has ties to a prominent international family. Check it out.