One57, the founding father of Billionaires Row, recently smashed the record for the most expensive home ever sold in New York City, with a $100.5 million sale of the duplex penthouse, finally usurping the $88 million sale at 15 Central Park West. To mark the occasion, and reminisce about "cheaper" days, appraiser and graphing guru Jonathan Miller pulled up the top 20 most expensive sales in the history of the city. We turned the list into a map, which conveniently doubles as a tour around southern Central Park. All of the sales are $50 million or more, only two are located Downtown, and just in case you didn't think the market was off the charts, more than half of these sales happened last year.Read More
Mapping New York City's Most Expensive Homes Ever Sold
$50M - 15 East 64 Street
bought the house from his billionaire friend Edgar Bronfman, Jr., who paid just $4.375 million for the 31-foot-wide house in 1994. And because one $50M house is never enough, Blavatnik is reportedly in contract to drop $80M on the penthouse of 834 Fifth, which will be the most expensive co-op ever sold. [Photo via PropertyShark.]
$50.25M - 19 East 70th Street
In November, financier Leon Black dropped $50.25 million on the former Knoedler & Company art gallery at 19 East 70th Street, with plans to turn it into a single-family home. And according to permits filed with the Department of Buildings, that appears to be what he's doing. The Renaissance mansion sold for $35 million in 2010 to developer Christian Candy, who got the ball rolling on the renovation, but when it was reported that Black bought the place, the house still needed another $20 million worth of work.
$50M - 944 Fifth Avenue
After bankrupting the Los Angeles Dodgers in 2012, billionaire Frank McCourt consoled himself by buying a $50 million co-op on Fifth Avenue. The full-floor apartment was previously owned by investor David Hamamoto, who owned the place for 14 years and spent two of those years renovating it with architect Thad Hayes. The result got the Architectural Digest treatment.
$50.091M - Walker Tower
The sale of the Walker Tower penthouse broke the record for the most expensive home ever sold in Downtown Manhattan. The buyer was Neil Moffitt, British-born entrepreneur and CEO of global restaurant/nightclub brand Hakkasan, and he reportedly spent less than five minutes" in the space before stating "I'll take it." The $50,912,500 buy took the title away from the $42 million sale of 18 Gramercy Park.
$51M - One57
The month after unit no. 80 in One57 sold, the full-floor apartment on the floor below also went, for $50,916,000. The buyer also shielded him/her/them/itself behind an LLC called, boringly, One57 79 Inc. So commonplace was this +$50 million sale that it was barely even reported.
$51M - 113-115 East 70th Street
The 18,000-square-foot mansion at 113-115 East 70th Street has been featured in the New Yorker and New York Magazine, Harper's Bazaar, Vogue, and Elle Decor; needless to say, it is gorgeous. Former Coach creative director Reed Krakoff and his interior designer wife Delphine are responsible for making the place so beautiful, but for reasons that plebians would never understand, they decided to move on. The house never formally listed, but it sold in an off-market deal last February for $51 million. [Photo via PropertyShark.]
$51.5M - The Plaza*
Following the Plaza Hotel's partial condo conversion, an entity known as Plaza 7 Apartment LLC bought six individual units on the seventh floor for a combined $51,539,180, possibly combining them into one mega-apartment...or not. It's not exactly clear, but reports from the Observer and ABC at the time seemed to suggest that the sale was of one large apartment.
$52.5M - 740 Park Avenue
Oaktree Capital chairman Howard Marks purchased Courtney Sale Ross's 12th and 13th floor duplex in 740 Park Avenue (the second 12th and 13th floor duplex in the building to make this list) for $52.5 million in May 2012. The palatial pad, which includes eight bedrooms, 10 bathrooms, and two libraries, had been asking $60 million. Even with the discount, it was enough to break the co-op record at the time.
$53M - One57
Back to One57, where one of the 11 floor-through simplexes closed for a hair under $53 million ($52,952,500, to be exact) this past November, prompting broker Michael Graves to inform the Times that, "Living on a full floor at One57 is probably the closest thing to being a king in the 21st century." The buyer was shielded by an LLC known as Lapus NY Inc., with a Pasadena, California address.
$53M - Harkness Mansion
Art dealer and gallery owner Larry Gagosian paid $36.5 million for East 75th Street's Harkness Mansion in August 2011, taking it off the hands of investor J. Christopher Flowers, who paid a record-setting $53 million for the 50-foot house, once home to Rebekah Harkness's personal ballet company, in 2005. (Real nice investing there.) Flowers spent another million to gut the place before turning around and unloading it for a massive loss. Gagosian has been undertaking a massive and secretive renovation ever since. [Photo from October 2014 via Google Streetview.]
$54M - 785 Fifth Avenue
Socialite Denise Rich sold her seven-bedroom, eleven-bathroom spread in The Parc V at 785 Fifth Avenue for $54 million to business magnate David Geffen in November 2012. Funny story: Rich dumped the pad after renouncing her US citizenship to save on taxes, and Geffen bit despite earlier disputes involving plumbing between the two. Word in 2012 was that Geffen was planning a major renovation and overhaul that would take about two years, meaning he may have finally moved in some time just last year.
$55.5M - One57
Apartment 81 just sold in December 2014 for $55,498,125 to Rebecca Moores, the ex-wife of the former Padres owner. She's going to use the five-bedroom, four-and-a-half bathroom apartment with a 75-foot-long entrance hall as... wait for it... a pied-a-terre.
$55.6 - One57
Here's yet another One57 closing from the
momentous real estate-crazed year of 2014. An 85th-floor apartment officially sold for $55.6 million. It has four bedrooms, four bathrooms, amazing views (of course), and marks the building's third-highest sale to date. Like so many units in the megatower, it was purchased behind the veil of an LLC. A 2012 Times story, though, has more intel: "The 6,240-square-foot apartment was bought by an American who already owned 'some of the best real estate in the world,' including two 'very significant' places in New York." Anyone care to hazard a guess?
$56.1M - One57
Despite reports that 57th Street megatower One57 is having trouble finding buyers for its remaining units on lower floors, high-up apartments that sold and closed in 2014 take up a lot of spots on this list. After the number-one eye-popper, there's this sale on the 82nd floor, where an apartment sold to Ridgewood 57 Inc. for 56,079,298.25.
$57M - One Madison
Once-troubled tower One Madison now counts celebrities like Gisele Bundchen and Tom Brady along its owners. Add to that magnate Rupert Murdoch, who bought the bonkers triplex penthouse in August; the deal closed in March. The 6,850-square-foot sponsor unit, a 5BR/5.5BA with a wraparound terrace and statement staircase, ultimately raked in $43 million. At the same time, Murdoch bought a three-bedroom unit that takes up the 57th floor, bring the total cost of his purchase to $57 million. Presumably for visiting guests, or pets, or household staff, or anyone else who can't fit in the triplex above.
$70M - 50 Central Park South
Way back in the
pre-historic days of 2005, casino mogul Steve Wynn dropped a cool $70 million on a 10,882-square-foot 14-room duplex penthouse poised above the Ritz Carlton at 50 Central Park South. The massive pad that occupies the 30th and 31st floors has a 900-square-foot living roomwowand a monthly maintenance fee of $18,057oof.
$70M - 960 Fifth Avenue
Egypt's richest man held the record for purchasing the city's most expensive co-op2014's second most expensive salefor about three months. After a bidding war, construction magnate (and billionaire, of course) Nassef Sawiris spent $70 million on a penthouse at 960 Fifth Avenue formerly owned by the late Edgar Bronfman, Sr. Bronfman passed away in December of last year, and his full-floor, 16-room apartment officially listed for $65M in March. Sawiris will enjoy five bedrooms, 8.5 bathrooms, a ginormous wraparound terrace with 100-feet of frontage along Central Park, and four staff rooms on the floor below. He'll probably need that built-in safe, too. The purchase unseated a $54 million buy further south on Fifth Avenue back in 2012. Small change, these days. Then it was unseated itself by Englander's buy, below. Whew.
$71.3M - 740 Park Avenue
And now, the most expensive co-op sale ever recorded, which hit record books in 2014. In August, after a fierce bidding war, billionaire and Millennium hedge fund guru Israel "Izzy" Englander emerged victorious and officially paid a whopping $71,277,500 for a palatial duplex at the world's richest apartment building. The 18-room apartment at 740 Park Avenue was formerly occupied by France's ambassador to the UN, which hit the market in April asking a "mere" $48 million. The in-debt nation paid something like $600,000 for the place back in 1979. And now Englander, who already lives in the building, has a "pied-a-terre" for when his children and grandkids come to town. The most priciest win-win ever?
$88M - 15 Central Park West
New York City's second-priciest real estate transaction belongs to the penthouse of 15 Central Park West, which traded between Citigroup head Sanford Weill and the 25-year-old daughter of fertilizer king Dmitry Rybolovlev in 2012 for $88 million. Ekaterina Rybolovlev calls home the 6,700-square-foot, four-bedroom apartment that Robert A.M. Stern redesigned at the behest of the Weills. Fan-cy. [Image via AD.]
$100M - 157 West 57th Street
If your ear's been to the ground, or if you've even been remotely paying attention to real estate news, then you know the priciest apartment sale ever in New York City took place just last week. The 10,923-square-foot duplex penthouse on the 89th and 90th floors of One 57 fetched a mind-boggling $100,471,452, forfeited by a very wealthy human shielded by an LLC. What's equally startling is the sale was announced way back in the post-recession days of 2012 but only just closed. Onward and upward, right? [Image via Curbed Flickr Pool.]