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Billionaire Ken Griffin buys $240M NYC penthouse, the most expensive home sold in the U.S.

Via Vornado Realty Trust and Robert A.M. Stern Architects

January 23, 2019

Billionaire Ken Griffin buys $240M NYC penthouse, the most expensive home sold in the U.S.

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Update 1/29/19: The penthouse officially closed on January 23, 2019, for $239,958,219, more than was originally reported. Billionaire Ken Griffin has closed on a penthouse at 220 Central Park South for $238 million, setting the record for the most expensive home ever sold in the United States, as the Wall Street Journal first reported. Griffin, who founded Citadel, first signed the contract to buy a 24,000-square-foot unit at the under-construction tower in 2015. The hedge fund mogul reportedly picked up the pricey digs as "a place to stay when he's in town," since his company is looking to expand its footprint in New York City.
More on record-breaking deal
Billionaire’s Midtown penthouse got the biggest price chop in NYC history, now $70M off
January 11, 2019

Billionaire’s Midtown penthouse got the biggest price chop in NYC history, now $70M off

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Everything goes on sale after Christmas, and that’s certainly true of hedge fund billionaire Steve Cohen’s Beacon Court penthouse at 151 East 58th Street. The SAC Capital Advisors founder bought the 9,000-square-foot duplex for $24 million in 2005 and hired noted architect Charles Gwathmey to give it a once-over. The condo hit the market again in April of 2013 for a whopping $115M (around the time Cohen received a wrist-slap to the tune of $1.2 billion for insider trading). No takers at that price. Or the next one ($82M). Or the one after that ($79M)–you probably get where this is going. Where the five-bedroom aerie on the building's 51st and 52nd floors ended up today: Deeply discounted to $45 million after eight price cuts adding up to a $70 million drop, making it the heftiest haircut to happen in New York City history according to The Real Deal.
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Billionaire financier and art collector lists massive Central Park West penthouse for $5.25M

Via Google Street View

January 8, 2019

Billionaire financier and art collector lists massive Central Park West penthouse for $5.25M

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Editor's note: At the request of Sotheby's International Realty, listing photos that appeared in an earlier version of this post have been removed. Just steps from Central Park on the Upper West Side, this two-bedroom co-op at 23 West 73rd Street is located in the Park Royal, a pre-war, red-brick building that has been called “one of the most attractive sidestreet apartment houses” in the coveted neighborhood. On the market for $5,250,000, the penthouse unit is owned by financier Donald Marron, who is also one of the most recognized private art collectors in America and previously served as President of the Museum of Modern Art’s Board of Trustees.
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Plan for homeless men’s shelter on Billionaires’ Row temporarily stopped

Via Wikimedia 

December 28, 2018

Plan for homeless men’s shelter on Billionaires’ Row temporarily stopped

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The West 58th Street Coalition, a group of residents suing over the city’s controversial plan to open a homeless shelter on Manhattan’s Billionaires' Row, has won a temporary injunction to halt construction at the former Park Savoy Hotel, the New York Post reported Thursday. The residents sued the city in July, claiming the proposed shelter posed a significant fire hazard and also fearing their new neighbors would usher in increased crime and loitering in the area as well as “un-quantifiable economic harm to the value of their property,” as court papers stated.
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You can live on Billionaires’ Row for just $325K
December 14, 2018

You can live on Billionaires’ Row for just $325K

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It seems as if almost every day we hear of a new big-ticket sale on Manhattan's "Billionaire's Row," the glittering corridor just south of Central Park in Midtown. Eight-figure sales at a growing collection of supertalls like One57, 432 Park Avenue and 111 West 57th Street seem almost ordinary. But it's still possible to snag a home among the oligarchs and moguls: Two units on the market at the classic co-op building at 100 West 57th Street can be yours for $325K (for a studio) and $450K (for a spacious one-bedroom). If you're looking for more than a pied-a-terre, you could even combine both contiguous units and still come in under a mil.
Take a look at your options
Billionaire Bill Ackman in contract to buy a $22.5M Upper West Side penthouse
October 23, 2018

Billionaire Bill Ackman in contract to buy a $22.5M Upper West Side penthouse

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Hedge fund manager/billionaire Bill Ackman is set to buy a 13-room penthouse on the Upper West Side for close to $22.5 million, as first reported by the Wall Street Journal. Available for the first time in 40 years, the four-bedroom home at 6 West 77th Street was formerly owned by the late author, Nancy Friday. Ackman, who in 2015 bought the penthouse at One57 for $91.5 million as a "fun investment," is the founder of Pershing Square Capital Management and has a net worth of over $1 billion.
Tour the penthouse
Billionaires’ Row coalition sues NYC to keep homeless men out of their neighborhood
July 3, 2018

Billionaires’ Row coalition sues NYC to keep homeless men out of their neighborhood

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Image © 6sqft A group of New Yorkers who live near Billionaires' Row, an area with some of the most expensive residences in the world, filed a lawsuit on Monday to block a homeless shelter from opening in the Midtown West neighborhood. The West 58th Street Coalition sued New York City to stop the conversion of the old Park Savoy Hotel at 158 West 58th Street into a homeless shelter for men, a plan announced by Mayor Bill de Blasio in February. The coalition claims the shelter, which would house 140 single men, would have "an enormous impact on our densely populated, narrow, high-pedestrian-traffic street." While describing themselves as a group of "compassionate New Yorkers," the Change.org petition says instead of the city paying $50,000 per person to stay at the Park Savoy, "a homeless man could have his own apartment, living in the neighborhood where he came from." The new shelter sits behind One57, a known for the city’s most expensive residential sale ever: a penthouse that sold for $100 million in 2015.
More here
Homeless shelter opening on Billionaires’ Row; See ‘Peanuts’ street art in the West Village

Billionaires Row via 6sqft (L): Mural by Tomokazu Matsuyama, courtesy of the Peanuts Global Artist Collective (R)

April 20, 2018

Homeless shelter opening on Billionaires’ Row; See ‘Peanuts’ street art in the West Village

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The city approved a plan to bring a 140-bed homeless shelter to Billionaires’ Row, right next to One57. [NYP] Some of the 250,000 limited-edition David Bowie MetroCards released this week are selling for $200 on eBay. [amNY] Jackie Robinson’s old Bed-Stuy block was renamed in his honor. [Bklkyner] Neighbors of Green-Wood Cemetery are fighting against […]

Billionaire Michael Dell revealed as the secret buyer of One57’s $100M penthouse

Image courtesy of Extell/One57

February 22, 2018

Billionaire Michael Dell revealed as the secret buyer of One57’s $100M penthouse

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Founder and CEO of Dell Technologies, Michael Dell, was revealed as the buyer of the sprawling penthouse at One57 for $100.47 million, the most expensive home ever sold in New York City. According to the Wall Street Journal, Dell first entered a contract to buy the unit in 2012 when the Billionaires' Row building, located at 157 West 57th Street, was still under construction. He closed the transaction through a limited liability company in 2014.
Get the details
City to open homeless shelter adjacent to One57 on Billionaires’ Row

Image © 6sqft

January 18, 2018

City to open homeless shelter adjacent to One57 on Billionaires’ Row

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Mayor Bill de Blasio plans to open a new homeless shelter for 150 single adult men on Manhattan's Billionaires' Row, part of the city's initiative to open 90 new shelters over the next five years. According to the New York Post, a former hotel at 158 West 58th Street, the Park Savoy, will be converted into the shelter and open in March. The Central Park South building sits behind One57, a supertall known for the city's most expensive residential sale ever: a penthouse that sold for $100 million in 2015.
More this way
Hill West design a modest, 19-story condo for Billionaires’ Row

Rendering of 7 West 57th Street found at its construction site, via CityRealty

October 9, 2017

Hill West design a modest, 19-story condo for Billionaires’ Row

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As Billionaires' Row on Manhattan's West 57th Street continues to grow with supertall towers, developer Sheldon Solow plans on constructing a more modest addition to the block. New renderings of the boutique condo at 7 West 57th Street, designed by Hill West, reveal a 19-floor building with an unassuming glass facade and a convex face, as CityRealty learned. The tower plays off of Solow's concave tower next door at 9 West 57th Street.
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Billionaire sports team owner gets $17M discount on Upper East Side mega-mansion
September 14, 2017

Billionaire sports team owner gets $17M discount on Upper East Side mega-mansion

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A massive Upper East Side single-family townhouse at 50 East 69th Street was just wrestled off the market for an equally monumental $45 million, sources have told the New York Post. Joshua Harris, co-founder of Apollo Global Management, owner of the Philadelphia 76ers and part owner of the NHL’s New Jersey Devils, just bought the 21,070-square-foot house, which was listed at $72 million last September and reduced to $59 million in June. The 44-foot-wide limestone-clad building, known as the Dommerich Mansion, was built in 1917 in a neo-French classic style by architect Henry C. Pelton for Otto Louis Dommerich, who ran his family's family cotton business. It was most recently being used as a cosmetic surgery facility.
More details this way
Shoe guru Steve Madden steps into a $12.2M Billionaires’ Row condo
September 8, 2017

Shoe guru Steve Madden steps into a $12.2M Billionaires’ Row condo

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Shoe brand honcho Steve Madden put his best foot forward and stepped into an impressive spread at 252 East 57th Street. The Journal reports that the company's founder and former CEO dropped $12.2 million on a five-bedroom condo at the 65-story Billionaires' Row tower designed by designed by Skidmore Owings & Merrill. Not only does his new home have a 38-foot-long living/dining area, balcony, and all the swanky fixtures and finishing one could hope for, but its 61st-floor location affords it incredible north, east, and west exposures with skyline, Central Park, and East River views.
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Foreclosure moves ahead at Billionaires’ Row supertall 111 West 57th Street
August 30, 2017

Foreclosure moves ahead at Billionaires’ Row supertall 111 West 57th Street

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Things have been shaky for 111 West 57th Street since it came to light last month that construction on the world's will-be skinniest skyscraper was stalled at just 20 stories after Property Markets Group's Kevin Maloney and JDS Development’s Michael Stern were sued by real estate investment corporation and owner AmBase. Trying to salvage their $66 million investment, Ambase filed an injunction to stop lender Spruce Capital from seizing the $1 billion project, but yesterday a Supreme Court judge ruled that a strict foreclosure could move forward, meaning AmBase will likely lose its majority ownership, according to Crain's. On the flip side, the developers will now be able to proceed with construction on the 1,421-foot Billionaires' Row tower, whose units started going into contract earlier this month.
The full story
Live at the legendary Osborne on Billionaires’ Row for just $399K
August 16, 2017

Live at the legendary Osborne on Billionaires’ Row for just $399K

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Share a gorgeous lobby with the rich and famous at the iconic Osborne at 205 West 57th Street. Yes, you’re seeing that right, the Billionaires’ Row address has a notable vacancy: This one-bedroom lobby-level co-op is asking just $399,000. That may sound more like a stingy holiday tip for residents of nearby trophy towers like One57, but it gets you a classic Midtown West address shared by celebrities current and past including Jessica Chastain, former Knicks president Phil Jackson, and Leonard Bernstein.
Find out more about this rare find
Billionaires are clamoring to move into this Montauk trailer park
July 27, 2017

Billionaires are clamoring to move into this Montauk trailer park

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Owning a "box of air on the land" at the Montauk Shores trailer park has become the ultimate status symbol for summering rich and famous, reports the New York Post. From "glorified changing room" after a day at the beach to compact escape chamber, denizens of the boho-chic beach town have snapped up so many modular mobile homes at the Montauk trailer park that it now has its own "Billionaires' Corner." The trailer park wasn't always trendy; it began as a pop-up tent campsite in the 1940s and ’50s, eventually becoming a resort of sorts for police and firefighters, teachers and fishermen.
More history of this hip mobile hideaway
Tenant holdout snarls developer’s plan to build Billionaire’s Row tower

Image via Google Street View

July 5, 2017

Tenant holdout snarls developer’s plan to build Billionaire’s Row tower

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Image via Google Street View With a legendary tenants' rights lawyer on board, a longtime leaseholder is standing fast against a developer's 'dream tower' plans, claiming their business has a valid lease and is being wrongfully evicted, according to the New York Times. Irving and Samuel Morano, the antiques dealers who own Metropolitan Fine Arts and Antiques, are the largest remaining tenant at 10 West 57th Street, a prime location opposite Bergdorf Goodman. 89-year-old developer Sheldon Solow has been amassing properties along the "Billionaire's Row" strip, where the Solow Building, his office tower at 9 West 57th Street stands, since 1977. With grand plans in place to erect a sleek Skidmore Owings & Merrill-designed 54-story hotel and condominium tower, Solow has evicted tenants, erected scaffolding and started demolition on one of the properties along the strip.
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Late billionaire’s ex lists spectacular Stanhope penthouse with five terrace gardens for $65M
May 22, 2017

Late billionaire’s ex lists spectacular Stanhope penthouse with five terrace gardens for $65M

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The 7,067 square-foot penthouse at 995 Fifth Avenue owned by Claude Wasserstein, ex wife of the late Bruce Wasserstein, former chair of investment firm Lazard, was just listed for the first time since a brief stint on the market in 2010. Wasserstein, who died in 2009, was the brother of the late playwright Wendy Wasserstein. The 11-room, five-bedroom duplex atop the Rosario Candela-designed former Stanhope hotel was purchased by Ms. Wasserstein for $34.8 million in 2008, The Real Deal reports. In addition to five garden-like wraparound terraces crafted by landscape designer Madison Cox, "epic NYC views" and 72 linear feet of Central Park frontage, the full-service building offers top-drawer amenities like a gym and a spa. But does all of that add up to $65 million–$9,285 per square foot?
Get lost in the terraces and gardens overlooking Central Park
Skyscraper proposal drapes Billionaires’ Row tower with flexible materials
April 12, 2017

Skyscraper proposal drapes Billionaires’ Row tower with flexible materials

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Yesterday, 6sqft shared a proposal for an inside-out Midtown tower that received an honorable mention in Evolo's 2017 Skyscraper Competition. Another that made the list is the Flexible Materials Skyscraper, an idea for a Billionaires' Row supertall with an exterior made of a new material that can be folded, cut, sewed, and turned over, falling into a pattern. The designers called it “draping,” and hope building skyscrapers with flexible materials will allow architects to explore a new model of building while also cutting down on the construction process.
See renderings of the skyscraper
82 billionaires live in NYC, the most in the world

Photo via Public Domain Pictures

March 22, 2017

82 billionaires live in NYC, the most in the world

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For the second year in a row, New York takes the title of the city with the most billionaires in the world. According to Forbes, NYC is home to 82 billionaires with a total combined net worth of just under $400 billion. In last year's list, the city placed first, but with 79 billionaires and a total net worth of $364.6 billion. Despite gaining a few more wealthy inhabitants, New York's David Koch (worth $48.3 billion) and Michael Bloomberg still rank as the first and second richest in the city, though last year they were flip-flopped.
See the full list of cities here
Oiio’s ‘Big Bend’ proposal for Billionaires’ Row would be the world’s longest building
March 17, 2017

Oiio’s ‘Big Bend’ proposal for Billionaires’ Row would be the world’s longest building

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New York City Architecture firm Oiio has proposed a conceptual skyscraper that would curve at the top and then return to the ground, becoming what the firm believes to be the “longest” building to ever be created. As reported by dezeen, their "Big Bend" proposal challenges Manhattan’s obsession with supertall skyscrapers by substituting extreme height with length—stretching 4,000 feet from end to end. If they are able to design this building, Oiio hopes it could potentially provide a solution to the height limitations imposed by city zoning laws.
See the renderings here
Wilbur Ross cuts price of Billionaires’ Row penthouse for the third time
March 3, 2017

Wilbur Ross cuts price of Billionaires’ Row penthouse for the third time

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The U.S. Senate voted 72 to 27 last week to confirm billionaire investor Wilbur Ross as Commerce Secretary. And now that he'll be busy renegotiating the terms of Nafta and defending allegations of his questionable ties to Russia, the "King of Bankruptcy" is ramping up efforts to sell his ostentatious Billionaires' Row penthouse. Curbed reports that the 14-room, "European-style" apartment first hit the market in 2015 for $21 million, then got a price chop to $18.5 million at the end of last year, and has now been reduced again to $16.5 million, less than the $18 million he paid for it in 2007.
Take a tour
Billionaire’s plan for a West Village mega-mansion gets green light from Landmarks
February 8, 2017

Billionaire’s plan for a West Village mega-mansion gets green light from Landmarks

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It's champagne and caviar tonight for billionaire hedge funder Steven A. Cohen, who received the official go-ahead to build a massive, six-story, single-family mansion at 145 Perry Street today. The Landmarks Preservation Commission (LPC) voted almost unanimously in favor of the plan despite outcry from local residents and, most notably, Andrew Berman of the Greenwich Village Society for Historic Preservation (GVSHP) who had denounced the design in a statement as “starkly modern," "fortress-like and massive," and more like a bank or a luxury retail store you'd find in Miami or Los Angeles, not the "simple but charming" Village.
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Even more pricey condos are coming to Billionaires’ Row
November 8, 2016

Even more pricey condos are coming to Billionaires’ Row

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Back in September, there were murmurs that the Feil Organization had plans to convert a 57th Street office building into residences. As it turns out, Billionaires' Row will indeed soon find itself with another 34 high-end condos in tow. As Yimby first reports, plans were filed last week to convert a 14-story, 1907 commercial tower at 140 West 57th Street into a mixed-use property that would keep an existing grocery story at its base, but transform the building's upper 12 floors into 70,885 square feet of upscale living space.
more details here
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