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.
More trends and data
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.”
READ THE INTERVIEW WITH PAUL 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.
So what happened?
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.
More condo data ahead
, Thu, September 10, 2015
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.
Take a look around the loft
It’s that time of year when we take a look back at the biggest stories of the year and look ahead at what’s to come. And if 2014 was the year of the ultra-luxury listing, 2015 shows no sign of cooling down.
This past year saw major increases from 2013, with $16.8 billion in residential sales, over 17 percent of which was accounted for by purchases over $10 million. Plus, the top 25 sales of the year all closed for over $25 million. News of big sales at One57 will likely continue, with 520 Park Avenue vying for the title of most-talked-about building. We’ll also start hearing more from 30 Park Place, 432 Park Avenue, and the Woolworth Residences. To help you visualize all of these high-rolling record setters and predictions, the folks at CityRealty have put together some handy charts and infographics.
Check out the year in review and 2015 predictions here
15 Central Park West is frequently in the news—whether it’s because a new celeb has moved in, or that it’s recorded yet another blockbuster sale. But standing far from the limelight is the building’s architect, Robert A.M. Stern, who, like his buildings, opts for the stately, subdued and classic over the winding and twisting standalones of his contemporaries. “We have a lot of silly buildings being built, in my opinion. The buildings should not look like Lady Gaga,” the architect says. In the latest installment of the Louisiana Channel Stern discusses what might be his most famous project, 15 CPW, and why he strives for buildings that complement, not dominate.
Watch the interview here
Sultan III bin Mohammed Al-Qasimi, a member of the Supreme Council of the United Arab Emirates and current ruler of the Sharjah emirate, has just purchased an apartment at 15 Central Park West with his daughter Sheikha Bodour Bint Sultan Al Qasimi, the 34th Most Powerful Arab Women as noted by Forbes. According to city records, the family scooped up a pristine three-bedroom unit at the famed residence designed by Robert A.M. Stern for $14.25 million.
The 2,915-square-foot home offers up a generously sized gallery a corner living room with three large windows framing Central Park, and a sizable south facing dining room with beautiful custom built-ins. A windowed, eat-in kitchen and grand marble bathtub are just a few of the other gems inside.
The home was first listed earlier this year for $16.95 million before being taken off the market a month later. The unit was again re-listed in April for $15.25 million and was reduced to $14.75 million three months later. The family scooped the home up at a $500,000 discount. Bodour Al Qasimi and the Sultan will join a plethora of socialites and celebs in the building including Robert Deniro who just moved into a $125,000/month rental.
Israeli-American fashion designer Elie Tahari has snatched up two units at famed, Robert A.M. Stern– designed 15 Central Park West for a combined $25.25 million, according to city records released today. The pair of adjacent apartments was originally marketed for a total of $29 million.
Tahari had previously been renting a three-bedroom unit in the star-studded building for $30,000 a month, but it looks like he’s decided to make his stay more permanent, now occupying an entire private floor. Unit 9m has two bedrooms, 1,862 square feet of interior space, and 1,619 square feet of outdoor space. Unit 9G is a three-bedroom unit with 2,237 square feet inside and a spectacular 1,700-square-foot terrace. Both spaces appear to offer a pretty clean slate, perfect for the creative new owner to imbue his signature tailored, modern vibe.
Check out Tahari’s new purchases