Billionaires’ Row

condos, Major Developments, Midtown

Via Extell

Sales have launched for Central Park Tower, the tallest residential tower in the world, Extell Development announced Monday. Located at 225 West 57th Street, the 1,550-foot tower is rising on Billionaires’ Row, a strip of ultra-luxury residences at the southern end of Central Park in Midtown. While Extell hasn’t officially released pricing for its 179 condos, the Real Deal reported last year that 20 of the units have a price tag of $60 million and higher, with a $95 million penthouse being the most expensive. If the building achieves its projected $4 billion sellout, the tower would become the most expensive condo project in New York City.

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Central Park South, condos, Cool Listings, New Developments

The race to build the tallest residential building in the world has long been underway along Billionaires’ Row, but 111 West 57th Street not only boasts height (at 1,428 feet it’ll surpass the current record holder, 1,396-foot 432 Park Avenue until the 1,500-foot Central Park Tower tops out) but a frame that is so slender (a ratio of 1:24) it garners it the title of skinniest skyscraper in the world. And after six years watching the development unfold, listings have finally gone live for the 46-unit condo, first spotted by Curbed. The first batch includes seven units, six of which are three-bedrooms ranging from $18 to $30 million, along with a $56 million penthouse.

Ogle the floorplan porn

Central Park South, Cool Listings, Midtown West

Sure, Michael Dell has bragging rights to buying One57‘s $100 million penthouse, the most expensive home ever sold in New York City, but Bill Ackman’s $91.5 million buy a few floors down came with a coveted terrace. Only two units in the Billionaires’ Row building claim “private outdoor space on the park,” and the second has just come on the market for the first time, asking $28.5 million. Dubbed the Spring Garden Residence (as opposed to Ackman’s “Winter Garden Penthouse,” as Curbed notes), the 41st- and 42nd-floor duplex boasts a 43-foot-long great room wrapped in floor-to-ceiling windows that lead to a 671-foot solarium and a terrace with views of the park and skyline.

Take a tour

condos, Midtown West, New Developments

Penthouse rendering courtesy of Aman Resorts

Another Billionaire’s Row sky mansion–this one with a piano lounge, two kitchens, a wraparound terrace, and two swimming pools spread out over five stories at 730 Fifth Avenue–is on its way to record-smashing glory, according to The Real Deal. Sources say an unknown buyer has spoken for the 12,536-square-foot residence in the actual crown of the Crown Building, to the tune of $180 million. If the sale closes, it will be the New York City’s most expensive sale ever at $14,358 per foot (also a record), surpassing Michael Dell’s $100.5 million penthouse atop Extell Development’s One57.

Check this place out

Cool Listings, Midtown West

6sqft reported back in October that an 85th-floor unit in the building known for the city’s most expensive residential sale ever was back on the market after a total overhaul for a noteworthy $70 million. The 6,240-square-foot condominium was purchased by Canadian billionaire Lawrence Stroll for $55.6 million in 2014. After four months, the sprawling sky mansion has been discounted by $11 million according to Mansion Global; the building’s third-highest listing is now asking $59 million.

The view is just as good at $59 million

Manhattan, Midtown, real estate trends

432 park, 432 park avenue, rafael vinoly, 432 park lighting design

432 Park Avenue via CIM Group/Macklowe Properties

The buyer of One57’s $100 million penthouse was unveiled as Michael Dell last week, finally solving the mystery of which billionaire set New York City’s record for the most expensive home ever sold. The reveal sparked CityRealty’s interest in finding out where other costly buildings fall in comparison. Unsurprisingly, Midtown’s One57 and 432 Park make up 12 out of the city’s 20 priciest homes ever sold with single units going for $100.47 million and $91.5 million, respectively. While those two buildings on Billionaires’ Row easily take the top three spots, 15 Central Park West ranks fourth, with its $88 million penthouse sold in 2012.

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Central Park South, Midtown, Recent Sales

Image courtesy of Extell/One57

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.

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Midtown West, Policy

Image © 6sqft

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.

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Architecture, condos, Construction Update, Major Developments, Midtown

Central Park Tower, Extell

Rendering courtesy of Extell

The 1,550-foot Central Park Tower, the soon-to-be tallest residential tower in New York City, has gotten some new renderings that reveal how it’ll appear lit up at night, as well as how its interiors may look (h/t YIMBY). Extell Development’s current plans for the Billionaires’ Row tower call for 179 condominiums, spanning on average 5,000 square feet, with open layouts and oversized windows overlooking Central Park. With the construction of the supertall at 217 West 57th Street now hitting its halfway mark and rising to roughly 700 feet, Central Park Tower is expected to be completed in 2019.

See inside the supertall

condos, Design, Manhattan, Midtown West

Penthouse rendering courtesy of Aman Resorts

Floor plans of the Crown Building’s crown jewel, its five-story penthouse, have revealed what $100 million will buy you at one of the city’s most desirable locations for the super-rich. As the Real Deal learned, the penthouse features two swimming pools, a piano lounge and a full-floor master suite. The 14,000-square-foot pad sits in the actual crown of the building, spanning floors 22-26. The rest of the Billionaires’ Row building at 730 Fifth Avenue isn’t too shabby either; the building includes an 83-key luxury Aman Resorts hotel with a three-story spa, a jazz and cigar club, a few restaurants and 20 luxury condos.

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