$90M+ Manhattan Penthouse Sets Record

Mystery buyer snaps up One57 duplex
By Rob Quinn,  Newser Staff
Posted May 18, 2012 4:22 AM CDT
$90M+ Manhattan Penthouse Sets Record
When completed, One57 will be among New York City's tallest residential buildings.   (PRNewsFoto/Extell Development Company)

A mystery buyer has smashed a New York City record by shelling out more than $90 million for a duplex penthouse, reports the New York Times. The 10,923-square-foot property—with 23-foot ceilings—occupies the 89th and 90th floors of One57, a midtown residential building that is still under construction. Gary Barnett, president of Extell Development Company, has declined to reveal the exact price, but says it didn't break the $100 million barrier.

Foreign buyers, especially Russians and Ukrainians, have been snapping up "trophy properties" in New York and Miami, but the One57 buyer is not from Russia or "any other part of the former Soviet Union," says Barnett, describing the buyer as "a very nice family" that "people would recognize." Barnett says the previous record sale in NYC, the $88 million Manhattan pad bought by a Russian heiress late last year, was "not a good deal." He predicts that the $100 million barrier will be broken by another purchase in One57. (More Manhattan stories.)

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