Search Results for: billionaire

A new condo in Midtown East wants to humanize Billionaires' Row living. Designed by ODA, the Malabar Residences at 126 East 57th Street rises 28 stories in cascading cast-in-place concrete tiers, described by CityRealty as a "playfully pixelated totem of apartments." The architects integrate the building with the streetscape with two entrances and public-facing retail, while promoting the idea of "vertical living" for residents by dispersing shared spaces throughout the tower. Sales are set to launch for the Malabar's 145 residences, with initial pricing starting at $1.4 million for a studio and going up to $12.5 million for a three-bedroom penthouse.
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TF Cornerstone plans to convert Billionaires’ Row office tower into 350 apartments

Photo by Tdorante10 via WikiCommons

August 7, 2025

TF Cornerstone plans to convert Billionaires’ Row office tower into 350 apartments

By Aaron Ginsburg

A prominent New York City developer wants to convert a 32-story Billionaires' Row office tower into over 300 apartments, joining the city’s growing wave of office-to-residential conversions. As first reported by Commercial Observer, TF Cornerstone will convert Tower 57 at 135 East 57th Street into 350 apartments, 25 percent of which would be affordable to households earning 80 percent of the area median income. The project would take advantage of the state’s 467-m tax incentive program and new zoning tools included in Mayor Eric Adams’ City of Yes housing plan.
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Billionaires’ Row condo sells for $82.5M, NYC’s priciest deal of the year

Photo by Jakub Hałun on Wikimedia

March 11, 2025

Billionaires’ Row condo sells for $82.5M, NYC’s priciest deal of the year

Media executive Byron Allen has sold his condo on Billionaires' Row for $82.5 million, marking New York City's priciest deal of the year so far. As first reported by the Wall Street Journal, Allen paid $75 million in 2023 for the five-bedroom pad at 220 Central Park South, a limestone-clad tower designed by Robert A.M. Stern that is considered one of the most expensive condo buildings in the country.
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Real Estate Trends

Focus on 57th Street: Manhattan real estate insiders Leslie Hirsch and Howard Morrel chart the rise of Billionaires’ Row

Photo by Martti Salmi on Unsplash

March 13, 2024

Focus on 57th Street: Manhattan real estate insiders Leslie Hirsch and Howard Morrel chart the rise of Billionaires’ Row

New York City’s most successful real estate agents make it their business to know the city’s highlights, hot spots, secrets, and specialties; many are NYC natives or longtime residents whose love for the city’s streets and avenues adds indisputable value to their career of choice. We’ve asked a few top agents to tell us about their favorite neighborhoods and share their views on what the city's future may hold. Read on for insights from Leslie Hirsch, an insider with an enviable view from Billionaires' Row.
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Lined with mahogany, onyx and Tiffany glass, this $1.95M studio isn’t your typical Billionaires’ Row pad

Photos courtesy of BK HOME PHOTOS

March 17, 2023

Lined with mahogany, onyx and Tiffany glass, this $1.95M studio isn’t your typical Billionaires’ Row pad

This 1,000-square-foot studio possesses a unique floor plan highlighted by 8-foot corner windows and Carnegie Hall views. The 19th-century co-op building at 205 West 57th Street, known as the Osborne, is located on Billionaires' Row, and the historic building has seen its share of famous residents, including the unit just across the hall. Once owned by Leonard Bernstein, that apartment was purchased by actress Jessica Chastain in 2015. But the apartment's Gilded Age luxury sets it apart from its somewhat generic condo neighbors. Asking $1,950,000, this remarkable studio boasts details like mahogany-clad walls and ceilings, original Tiffany window transoms, a mezzanine library, jade onyx fixtures, and an electric Murphy bed.
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Distinctive Homes

$12.2M condo on Billionaires’ Row looks like it’s floating above Central Park

Photo courtesy of Evan Joseph for The Corcoran Group

November 28, 2022

$12.2M condo on Billionaires’ Row looks like it’s floating above Central Park

A condo in one of the first supertalls to rise on Billionaires' Row is available. Asking $12,200,000, the three-bedroom on the 41st floor of One57 seemingly hovers over Central Park, with the home's floor-to-ceiling windows in the 39-foot-long living room providing a near-perfect view of the iconic greenspace. In addition to sweeping panoramas, the building also offers residents five-star services from the Park Hyatt Hotel, including daily housekeeping, laundry, and in-residence dining.
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Distinctive Homes

$7M UWS penthouse has two balconies and Billionaires’ Row views

Photos courtesy of Brown Harris Stevens

August 29, 2022

$7M UWS penthouse has two balconies and Billionaires’ Row views

From the two south-facing balconies at this Upper West Side penthouse, you get picture-perfect views of New York City's towering skyscrapers that dot Central Park's edge. The rarely-available 3,000-square-foot penthouse takes up the entire 19th floor of 160 West 86th Street, a boutique condominium off Amsterdam Avenue. While looking outward is nice, the views inside aren't too bad, either, thanks to its spacious and functional layout and four exposures.
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Distinctive Homes

NYC gives billionaire Bill Ackman green light to build rooftop penthouse on Central Park West

All renderings designed by Foster+ Partners, courtesy of the Landmarks Preservation Commission

May 3, 2022

NYC gives billionaire Bill Ackman green light to build rooftop penthouse on Central Park West

Billionaire Bill Ackman is getting his Central Park-facing rooftop glass penthouse designed by Norman Foster after all. The Landmarks Preservation Commission on Tuesday approved plans from the hedge fund founder to build a glass penthouse addition on top of a 100-year-old Upper West Side co-op building where he owns an apartment. First presented last November as a two-level glass box on the roof of 6-16 West 77th Street, the approved proposal includes a scaled-down design and more muted materials.
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Billionaire Daniel Och sells 220 Central Park South penthouse for $190M

220 Central Park South. Photo by Jim.henderson (cropped) via Wikimedia Commons.

January 14, 2022

Billionaire Daniel Och sells 220 Central Park South penthouse for $190M

Billionaire Daniel Och has sold his penthouse at 220 Central Park South for an astounding $190 million, nearly double the amount he paid for the home in 2019. As first reported by the Wall Street Journal, the sale marks one of the most expensive deals ever in New York. The buyer has not been disclosed.
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Real Estate Trends

See billionaire Bill Ackman’s plan for a glass house atop a historic UWS building

All renderings designed by Foster+ Partners, courtesy of the Landmarks Preservation Commission

November 17, 2021

See billionaire Bill Ackman’s plan for a glass house atop a historic UWS building

A plan funded by one of the world's wealthiest people and designed by one of the world's most famous architects still can't get approved in New York City. Billionaire Bill Ackman on Tuesday presented to the Landmarks Preservation Commission his plan to construct a new glass penthouse addition designed by Norman Foster on top of a 100-year-old Upper West Side co-op building where he owns an apartment. After hours-long public testimony, LPC Chair Sarah Carroll sent Ackman and his team back to the drawing board, calling for a scaled-down design.
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Asking $4.2M, this Billionaires’ Row condo is one of only two One57 units with a private balcony

Listing photos courtesy of Brown Harris Stevens

September 21, 2021

Asking $4.2M, this Billionaires’ Row condo is one of only two One57 units with a private balcony

One57 was the first supertall (and super pricey) tower to rise below Central Park on 57th Street, leading to an influx of similar developments and the creation of "Billionaires' Row." At the OG tower, only two of its nearly 100 units have private balconies, and one of these coveted condos just hit the market for $4,200,000 (a relative bargain for this location). The one-bedroom has a 30-foot-long, 400-square-foot terrace that sits behind One57's signature curving glass and offers amazing southern city views.
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Distinctive Homes

Billionaire Joe Tsai revealed as buyer of $157.5M condos at 220 Central Park South

220 Central Park South as seen in May 2020. Photo by Jim.henderson (cropped) via Wikimedia Commons.

July 20, 2021

Billionaire Joe Tsai revealed as buyer of $157.5M condos at 220 Central Park South

As was first reported by the Wall Street Journal in June, a buyer shelled out $157,500,000 for two units at 220 Central Park South. Property records showed the $82.5 million purchase of the 60th-floor unit and the $75 million purchase of the 61st-floor unit, both made using an LLC. But CNBC has now revealed that the buyer is billionaire Joe Tsai, Alibaba co-founder and owner of the Brooklyn Nets. The sale is the second biggest in New York City history and the third-largest ever in the U.S. The number-one spot occurred at the same Billionaires' Row tower, with billionaire Ken Griffin's $238 million purchase in early 2019.
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For $695K, an Upper West Side one-bedroom off Central Park with views of Billionaires’ Row

Listing photos courtesy of The Corcoran Group

April 5, 2021

For $695K, an Upper West Side one-bedroom off Central Park with views of Billionaires’ Row

It feels like you can practically reach out and touch all the mega-tall towers along 57th Street from the windows of this Upper West Side apartment. Located at 20 West 72nd Street, a pre-war co-op off Central Park, the one-bedroom home is a comfortable 650 square feet and is super bright and modern. It's asking $695,000.
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Distinctive Homes

In Hell’s Kitchen, this $2.3M penthouse has a roof deck with views of Billionaires’ Row

Photo credit: Tina Gallo for The Greg Mire Team, Compass

June 2, 2020

In Hell’s Kitchen, this $2.3M penthouse has a roof deck with views of Billionaires’ Row

Having private outdoor space, especially now, is highly covetable, but having private outdoor space with views like this is next level. Recently listed for $2,345,000, this two-bedroom Hell's Kitchen penthouse has its own roof deck with incredible views of the Hearst Building and the nearby supertalls of Billionaires' Row. Located at the condo 318 West 52nd Street, the two-bedroom apartment is full of high-end perks such as an Italian marble kitchen, smart built-ins, and custom-designed closets.
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Distinctive Homes

Photo by Jake Rajs

May 29, 2020

Billionaire art collector drops price of Montauk estate to $15.5M

Billionaire investor, art collector, and gallery owner Adam Lindemann has dropped the price of his Montauk mansion to $15.5 million. He originally listed the sprawling property in 2015 for $29.5 million. Earlier that same year, Lindemann bought another nearby property that had once belonged to Andy Warhol and was listed for $85 million. His "smaller" estate is a 7,500-square-foot, traditional wood-shingled estate that sits atop the Montauk bluffs. In addition to its incredible shoreline views and three-acre lot, the home was renovated by architect David Adjaye. The interiors are fabulous, and the grounds boast a large heated pool and jacuzzi, several covered and uncovered patios, and a private staircase leading down to a secluded cove. Adding to the selling points is that it's available fully furnished, including some of the high-end contemporary art.
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Distinctive Homes

Photo credit: VHT, courtesy The Corcoran Group

April 10, 2020

This $769,000 Billionaires’ Row studio is roomy and reasonable

Old and new NYC collide in this $769,000 studio that's roughly 600 square feet. It's located at 100 West 58th Street, a classic 1928 Rosario Candela-designed apartment building. But today, this location, just a block south of Central Park at the corner of 6th Avenue, puts it smack in the middle of Billionaires' Row. And with a sizable separate kitchen and enough room for two distinct areas in the living space, it's quite a reasonable buy.
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Distinctive Homes

Billionaires’ Row property taxes would dramatically increase under proposed system overhaul

Image courtesy of Vornado Realty Trust and Robert A.M. Stern Architects

February 11, 2020

Billionaires’ Row property taxes would dramatically increase under proposed system overhaul

By Alexandra Alexa

Last month, the city's Advisory Commission on Property Tax Reform revealed a report outlining sweeping changes to the property tax code that would essentially raise the same amount of money but substantially redistribute where it comes from. Under the current system, property owners pay taxes based on assessed value rather than market value, so working-class homeowners often pay a higher tax rate than those who can afford the city's multimillion-dollar luxury condos. Mansion Global took a closer look at the numbers and found that property taxes along Billionaires' Row could increase up to five times their current rate under the proposed system.
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Policy

December 17, 2019

Billionaire’s Row tops list of most expensive streets in the world

By Alexandra Alexa

A new study of the top "ultra-prime" locations in the world dispels any doubt that Billionaire's Row is living up to its name. London-based property consultancy Knight Frank, along with Douglas Elliman, looked at the number of homes sold for over $25 million since 2015 and found the greatest concentration along Midtown's 57th Street, where 41 transactions have been closed in the last five years at an average price of $38.5 million. Manhattan cracked the top ten three more times, with Central Park South coming in third, followed by Park Avenue and Fifth Avenue in fourth and seventh place.
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Real Estate Trends

All photos by Floto + Warner

November 1, 2019

Check out the cocktail bar at Nordstrom’s new Billionaires’ Row flagship

After much anticipation, Nordstrom opened its new NYC flagship last week. Located inside Billionaires' Row supertall Central Park Tower (the current world's tallest residential building), the seven-story department store offers such perks as stroller cleaning and shoe repairs and stocks "more than 10,000 handbags, 100,000 pairs of shoes, and 6,000 pairs of jeans," according to amNY. And in addition to all this retail excess, the store also has seven food and beverage options, including Broadway Bar, a cocktails and small plates restaurant on the third and fourth floors. Designed by Rafael de Cárdenas / Architecture at Large, Broadway Bar uses muted hues and subtly curved geometry to create a calm escape within the store. Ahead, get a better look at the space.
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26-story boutique office building planned on top of Calvary Baptist Church on Billionaires’ Row

Photo via Wikimedia

October 7, 2019

26-story boutique office building planned on top of Calvary Baptist Church on Billionaires’ Row

Developers are planning to build a massive office project on top of a Billionaires' Row church. The Real Deal reported on Monday that Alchemy and ABR Investment Partners have partnered to buy properties owned by Calvary Baptist Church at 123-141 West 57th Street. The proposed boutique office building would rise 26 stories atop church space and sit next to Extell Development's supertall, One57.
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New Developments

This $745K co-op has historic vaulted ceilings and a present-day Billionaires’ Row location

Photo Credit: Zigna for Sotheby’s International Realty.

August 23, 2019

This $745K co-op has historic vaulted ceilings and a present-day Billionaires’ Row location

This one-bedroom co-op in the Osborne at 205 West 57th Street is situated on what's now known as Billionaires' Row, and for well under $1 million you can include bragging rights to one of the New York City's finest historic residential buildings. Built in 1883 and designated an official city landmark in 1991, the Osborne also boasts one of the city's most sumptuous and dazzling lobbies.
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Distinctive Homes

August 5, 2019

Billionaires’ Row kosher deli fights high-rise developer over eviction

Cafe Classico, a kosher delicatessen that has occupied the storefront on West 57th Street next door to an 1891 French-style townhouse for 19 years has asked a judge to spare it from eviction, the New York Post reports. The LeFrak Organization and Vornado Realty have plans to build a high-rise tower on the next-door property at 29 West 57th Street, and the deli's landlord, 35 West Realty Co., has threatened to evict the longtime business over insufficient insurance coverage.
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New Developments

Billionaire developer Stephen Ross lists Time Warner Center penthouse for $75M

Listing images by Evan Joseph and Nina Poon; courtesy of The Corcoran Group

July 17, 2019

Billionaire developer Stephen Ross lists Time Warner Center penthouse for $75M

By Alexandra Alexa

As Related CEO and Miami Dolphins owner Stephen Ross prepares to move into the penthouse at one of his most recent developments, 35 Hudson Yards, he’s first unloading one of his older properties at another one of the company’s Skidmore Owings & Merrill-designed building, the Time Warner Center. (The Real Deal's roundup of his properties shows Ross's penchant for “getting high off his own supply.”) First reported by the Wall Street Journal, Ross has listed the 80th-floor condo he shares with his wife, jewelry designer Kara Ross, for a staggering $75 million—one of the most expensive properties on the market in New York City.
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City can open a homeless shelter on Billionaires’ Row, judge rules

Via Wikimedia

April 30, 2019

City can open a homeless shelter on Billionaires’ Row, judge rules