One57 Is the City’s Most Expensive Condo Building

Posted On Thu, November 13, 2014 By

Posted On Thu, November 13, 2014 By In CityRealty, real estate trends

15 Central Park West has held strong as the most expensive condo building in New York City for the last two quarters, according to CityRealty. But while perusing their latest report we were led to their dynamic CR100 building list which reveals that…. wait for it… One57 is, as we speak, the most expensive building in the city.

With an average closing price of $6,703 per square foot, this building boasts a per-square-foot premium of $286 per square foot over its predecessor, 15CPW. Units currently up for grabs also top the charts at an incredible $6,719 per square foot.

One57’s comfortable rise to the top will come as no surprise to just about everyone, especially as new reports pop up almost weekly on the building’s allure and success. One of the more recent headline-stealing sales to emerge include its first flip, which traded hands for $34 million last month, bringing its owner a $3.5 million profit over the $30.55 million he/she paid for it just five months earlier. Right now, all eyes are on hedge-funder Bill Ackman as he attempts to pull off his own history-making flip with the building’s $90 million penthouse.

Other notables to join the CR100 this past quarter include: The Baccarat (Midtown West), Walker Tower (Chelsea), 737 Park Avenue (Upper East Side), 135 East 79th Street (Carnegie Hill), 200 East 79th Street (Lenox Hill), 18 Gramercy Park South (Gramercy Park), 50 West Street (FiDi), and 530 Park Avenue (Midtown East).

You can see how the rest of the city’s most expensive buildings fared last quarter in CityRealty’s report here, and get the most up-to-date rankings here.

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