British rocker Sting and his wife Trudie Styler have listed their chic duplex at the Robert A.M. Stern-designed 15 Central Park West for $56 million (h/t WSJ). The couple purchased the 16th- and 17th-floor penthouse for about $27 million in 2008, and then enlisted architecture and interior design firm SheltonMindel to combine the units and transform them into a “unique home” that includes two custom sculptural spiral staircases and a double-sided spiral gas fireplace that was inspired by the Fibonacci Spiral. Last summer, the couple was in negotiations to buy another Stern condo at 220 Central Park South, one of NYC’s most expensive apartment buildings, and now that they “need more space to accommodate their growing family” the time may be ripe to do so.
15 Central Park West
Even after countless big ticket closings at blockbuster buildings like 432 Park Avenue and The Greenwich Lane, the long-admired Robert A.M. Stern-designed, Zeckendorf-developed 15 Central Park West (15 CPW) remains king. According to CityRealty’s latest CR100 report—an index comprised of the top 100 condominium buildings in Manhattan—units in 15 CPW sold on average for $6,735 per square foot over 12 months, a number that is impressively higher than the index average of $2,824. Tribeca’s Herzog & de Meuron-designed “Jenga tower,” 56 Leonard also made its debut on the latest CR100, clocking an average price per square foot of $2,657.
The most expensive apartment closing in New York City this year and one of the priciest sales ever is finally a done deal, reports The Real Deal. The apartment, the top penthouse at Rafael Viñoly-designed billionaire’s bunker 432 Park Avenue, is the priciest unit in the big-ticket building as well as being literally the city’s highest. As 6sqft previously reported, the buyer is Saudi retail magnate Fawaz Al Hokair. The sale price was $87.7 million—a skyscraping $10,623 per square foot.
The NY Post reports that Sting and Trudie Styler are in negotiations to purchase a condo in the Robert A.M. Stern-designed 220 Central Park South. The tantric twosome aren’t new to the parkside circuit; they’re currently among the significant celebrity contingent at the also-Stern-designed 15 Central Park West, where the pop star purchased a 5,413- square-foot penthouse for $26.5 million in 2008.
Six months ago when CityRealty released its last CR100 report — an index comprised of the top 100 condominium buildings in Manhattan — One57 surpassed long-time frontrunner 15 Central Park West as the most expensive condo, coming in at $6,010 per square foot, compared to 15 CPW’s $5,726. But this time around, 15 CPW has retaken the crown with an average sales price of $6,039 per square foot over the last 12 months. Coming in second is the Residences at the Mandarin Oriental at $5,956, and One57 falls to third at $5,175, a 13 percent drop over the last year.
CityRealty notes, however, that the Robert A.M. Stern-designed condo may have difficulty maintaining its top spot, as big-time new developments 432 Park Avenue, The Greenwich Lane, and 10 Madison Square West have now made their debut on the CR100.
For good reason, hundreds if not thousands of articles and books have been published on 15 Central Park West, the “Limestone Jesus” designed by famed architect Robert A.M. Stern. This modern icon is credited with not only elevating the New York City luxury market to a level no one before dreamed it could reach, but it has also spurred a slew of copycats around the city and globe with developers hoping to emulate its unprecedented success (it is currently the most expensive building in NYC with apartments priced from $5.4M to $48M).
Ahead Robert A.M. Stern Architects’ partner Paul Whalen discusses why there will never be another building like 15 CPW, and why he still has a hard time containing his excitement for its architecture, interiors and the carefully calculated layout. He says to this day, he still receives letters from residents that read “When I first moved in, I knew it would be an amazing building but I keep discovering qualities of the building I didn’t understand or realize. It takes years to fully appreciate living here.”
Yankee Alex Rodriguez was recently spotted checking out apartments at 15 Central Park West, according to the Post. A-Rod had formerly rented a $30,000 a month, two-bedroom apartment at the Upper West Side building and was allegedly banned from returning due to his propensity for hosting (many, many) hookers back in his Cameron Diaz era.
What do you do when you’re a developer who has a 52,000-square-foot property with one tenant…who won’t leave?
While we’ve all heard legends about holdouts in rent-controlled apartments getting big buyouts from deep-pocketed developers, none to date could beat the good fortune of Herbert J. Sukenik. The reclusive septuagenarian lived in his 350-square-foot apartment (which happened to have four exposures and Central Park and two river views) at the Mayflower Hotel for three decades. But he ended up walking away with $17 million, the most money ever paid to a tenant to leave a New York apartment, and walked into an almost-free, 2,200-square-foot, 16th-floor home in the venerable Essex House on Central Park South.
Six months may not seem like a long time, but a lot can happen in the Manhattan building market in 180 days, which is why CityRealty has released its new CR100 report, “an index comprised of the top 100 condominium buildings in Manhattan.” The data tracks the performance of these buildings through the second and third quarters of 2015, and, not surprisingly, One57 has come out on top. The Billionaires’ Row powerhouse has surpassed long-time leader 15 Central Park West as the most expensive condo on the island, coming in at $6,010 per square foot over the past 12 months, as compared to 15 CPW’s $5,726. It also steals the spotlight for the majority of the last six months’ most expensive sales.
It certainly is the season for international soccer stars to get in on the NYC real estate game. First, hunky player Cristiano Ronaldo bought an $18.5 million loft at Trump Tower shortly after it was rumored that he’d be moving from Real Madrid and the Portuguese national team to the MLS (the United States soccer league). Then just ten days later, Italian player Andrea Pirlo scoped out a $29,995/month penthouse at 205 East 59th Street, as he had recently joined the New York City Football Club. And now, the Post reports that English footballer Frank Lampard was seen checking out a $52,000/month pad at 15 Central Park West.
Lampard, often considered one of the greatest midfielders of his generation, is the all-time leading goalscorer for Chelsea. As of this year, he signed a two-year contract with the New York City Football Club, so it makes perfect sense why he’s now house hunting. He reportedly looked at the 2,761-square-foot apartment with his fiancée, Northern Irish broadcaster Christine Bleakley.