Manhattan Condos - New Developments - Conversions - Resales: One57: Sky High Prices at Manhattan's Tallest Condo

One57: Sky High Prices at Manhattan's Tallest Condo

One 57
 
 
One57, Extell's new 90 story luxury hotel/ condo, began selling units this month. Once completed the building will be the tallest residential structure in the city. Prices are sky high too.

The hybrid development formerly called "Carnegie 57" because of it's location on West 57th Street next to Carnegie Hall will include retail/hotel and residential condos.

The 90-story building's 136 residential units will be on top of the 210-room Park Hyatt Hotel. The residential units, designed by Thomas Juul-Hansen will start on the building's 21st floor, will have spectacular views and have a swimming pool/fitness center/spa on the top. The building's garage will contain 63 parking spaces.

Asking prices for condos are up to $4,000 per square foot for one-bedrooms; up to $4,150 per square foot for two bedrooms; up to $6,580 per square foot for three bedrooms; and up to $8,413 per square foot for four bedrooms.

There is a 4,603-square-foot five-bedroom with an outdoor terrace for sale asking $16.75 million and two massive duplex penthouses priced at $90.5 million and $98.5 million.

The smallest 1 bedroom at 1,021 square feet and cheapest apartment in the building is asking $3,065,000.

Extell's recent successful developments include 535 WEA on West End Avenue, The Avery, The Rushmore and The Aldyn on Riverside Boulevard/Riverside South and the Ariel East and West in Manhattan Valley on the Upper West Side.

Construction is scheduled to be completed in 2013.

 

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Comment balloon 7 commentsMitchell J Hall • October 31 2011 07:21AM

Comments

It's new York city. I wouldn't expect anything else. Good blog. And good luck this year. 

Posted by JOSH EVANS *JoshEvansHomes 516-655-5000 (Village Properties of Mineola, LLC) over 7 years ago

There's some incredible prices in NY.  From what I hear, these may well go for close to asking price.  Let us know.

Posted by Gabe Sanders, Stuart Florida Real Estate (Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales) over 7 years ago

Mitchell  You have to love NYC while prices are going down in other areas of the country NYC is still holding its own simply fastinating

HelpfulHannah

Posted by Hannah Williams, Expertise NE Philadelphia & Bucks 215-953-8818 (Re/Max Eastern inc.) over 7 years ago

Josh, Thank you

Gabe, Yes, I hear contracts have been signed at approximately 5,000 per square foot from floor plans only. It's been a couple of years since buyers bought new construction during pre-construction.

Hannah, The ultra luxury market is apparently "recession resistant". The views will be fascinating too.

Posted by Mitchell J Hall, Lic Associate RE Broker - Manhattan & Brooklyn (Compass) over 7 years ago

Mitchell,

That is what makes New York so special.  It symbolizes so many things in people's minds, and I hope you sell one of those condos...All the best, A

Posted by Ron and Alexandra Seigel, Luxury Real Estate Branding, Marketing & Strategy (Napa Consultants) over 7 years ago

Hi Alexandra, Thanks, I agree and hope so too.

 If anyone is looking for a fabulous duplex mansion in the sky, please contact me.

Posted by Mitchell J Hall, Lic Associate RE Broker - Manhattan & Brooklyn (Compass) over 7 years ago

Well, I would LOOOOVE an awesome duplex in the sky - but its a TAD out of my price range....Only about $2.5 million above my budget... but if the market turns around in Westchester - I'll rethink that one!  Ha, Ha...just kidding...

Posted by Ruthmarie Hicks (Keller Williams NY Realty - 120 Bloomingdale Road #101, White Plains NY 10605) over 7 years ago

Participate