{"id":5005,"date":"2012-05-22T16:07:02","date_gmt":"2012-05-22T21:07:02","guid":{"rendered":"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/?p=5005"},"modified":"2012-05-22T16:07:02","modified_gmt":"2012-05-22T21:07:02","slug":"manhattan-penthouse-sale-at-luxury-tower-sets-record","status":"publish","type":"post","link":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/manhattan-penthouse-sale-at-luxury-tower-sets-record\/","title":{"rendered":"Manhattan Penthouse Sale at Luxury Tower Sets Record"},"content":{"rendered":"<p><a href=\"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2012\/05\/One57-living-room.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-5006\" title=\"One57 living room\" src=\"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2012\/05\/One57-living-room.jpg\" alt=\"\" width=\"397\" height=\"264\" srcset=\"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2012\/05\/One57-living-room.jpg 620w, https:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2012\/05\/One57-living-room-300x199.jpg 300w\" sizes=\"auto, (max-width: 397px) 100vw, 397px\" \/><\/a><\/p>\n<p>I think maybe I should go into the condo selling business.\u00a0 Let&#8217;s see, what is 6% of $90 Million?<\/p>\n<p>Here is the article from Bloomberg.\u00a0 <a href=\"http:\/\/one57.com\/#!\/panorama\" target=\"_blank\">Check out the views here<\/a><\/p>\n<p>A duplex penthouse at a tower under construction on Manhattan\u2019s West 57th Street went under contract for more than $90 million, setting a record for a single residence in the borough.<\/p>\n<p>The 11,000-square-foot (1,000-square-meter) unit, spanning the 89th and 90th floors of the building known as One57, sold at a price between $8,000 and $9,000 a square foot, Gary Barnett, president of developer Extell Development Co., said in a telephone interview. He declined to name the buyer.<\/p>\n<p>The deal is the second this month to break a record as trophy apartment hunters clamor for a limited number of units in New York\u2019s ultra-luxury market. Howard Marks, chairman of Oaktree Capital Group LLC (OAK), paid $52.5 million for a duplex at 740 Park Ave., the most ever for a Manhattan co-op, according to property records filed May 11. This week, a 10,882-square-foot duplex at the Ritz-Carlton was shown as no longer for sale on listings website Streeteasy.com. The New York Post reported that casino mogul Steve Wynn purchased the home for $70 million.<\/p>\n<p>\u201cYou have a 10,000-square-foot trifecta this week,\u201d said Jonathan Miller, president of New York appraiser Miller Samuel Inc. \u201cThere is a small group of affluent investors that are looking for trophy properties and New York has been happy to oblige. I wouldn\u2019t be surprised if there were more coming.\u201d<\/p>\n<h2>Price Increases<\/h2>\n<p>The penthouse at One57 was listed for sale at $115 million after a series of price increases, according to Barnett.<\/p>\n<p>\u201cThat was a number we felt made a lot of market sense,\u201d he said.<\/p>\n<p>The sale will close within two years, Barnett said. One57, which will become Manhattan\u2019s tallest residential tower, will begin delivering units to buyers in the second half of 2013.<\/p>\n<p>The New York Times reported the penthouse sale late yesterday.<\/p>\n<p>The deal tops the previous Manhattan record set in February, when the full-floor penthouse owned by former Citigroup Inc. Chairman Sanford Weill was acquired for $88 million for the daughter of Russian billionaire Dmitry Rybolovlev. The buyer at One57 wasn\u2019t Russian, Barnett said.<\/p>\n<p>Extell increased the asking price of the One57 penthouse duplex after the record deal for Weill\u2019s condo was announced in December. The developer previously sought $98.5 million.<\/p>\n<p>The company also boosted the asking price for a 13,500- square-foot condo on the 75th and 76th floors of the tower to $105 million from $98.5 million, Barnett said in December. That unit, known as the \u201cwinter garden duplex,\u201d has room for either a 2,500-square-foot, glass-enclosed garden or a swimming pool, he said.<\/p>\n<p>Apartments in the tower, located across West 57th Street from Carnegie Hall, begin at about $16.75 million, Extell said in a statement today. Sales at the building have reached $1 billion, the company said.<\/p>\n<p>The tower is set to rise to 1,000 feet and contain 92 residences, above a Park Hyatt hotel, according to the company.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I think maybe I should go into the condo selling business.\u00a0 Let&#8217;s see, what is 6% of $90<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-5005","post","type-post","status-publish","format-standard","hentry","category-news-articles-panama-perpsective"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.7 (Yoast SEO v27.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Manhattan Penthouse Sale at Luxury Tower Sets Record - Blog and Newsletter<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/manhattan-penthouse-sale-at-luxury-tower-sets-record\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Manhattan Penthouse Sale at Luxury Tower Sets Record\" \/>\n<meta property=\"og:description\" content=\"I think maybe I should go into the condo selling business.\u00a0 Let&#8217;s see, what is 6% of $90\" \/>\n<meta property=\"og:url\" content=\"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/manhattan-penthouse-sale-at-luxury-tower-sets-record\/\" \/>\n<meta property=\"og:site_name\" content=\"Blog and Newsletter\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=100088396493750\" \/>\n<meta property=\"article:published_time\" content=\"2012-05-22T21:07:02+00:00\" \/>\n<meta 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