Two bedroom condo at super luxury building One57

Posted by Wei Min Tan on April 21, 2018

 

 

Description
One57 is one of the top super luxury buildings in Manhattan, New York.  It was the building that started the term “Billionaire’s Row” on West 57th Street.  In 2014, the penthouse at One57 sold for $100 million, making it the most expensive home ever sold in New York.

Apt 32B is a corner unit two bedroom, 2.5 baths condominium with views of Central Park.   A good buy at $3,030 per sqft, the least expensive at One 57 on a per sqft basis.  Super luxury buildings like 432 Park and 220 Central Park South are selling for a lot more, up to $7,000 per sqft.   This makes Apt 32 a relative value buy, in the context of super luxury buildings.

The apartment could be rented at $20,000 per month, providing an all cash yield of 3%.  Target tenants would be the most senior level executives and the high net worth tenant who is not ready to buy.

Floor-to-ceiling windows, solid hardwood floors, 11 ft ceilings, top end Park Hyatt hotel services.

Price $6,500,000, Common charge $2,749, Property taxes $1,000, Size 2,145 sf

 

Amenities
Concierge
Lounge
Fitness center
Swimming pool

 

Neighborhood
Midtown

 

Type
Super luxury condominium

 

Comments
Exclusive agent Anjollie Feradov, Charles Rutenberg LLC

https://streeteasy.com/building/one57-condominium/32b

 

 

 

 

Related Links

Foreign buyer guide to New York property 2018 update

Role of a buyer’s broker

 

 

 



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Wei Min Tan is a property broker focusing on Manhattan, New York luxury condominiums and foreign buyers. He is often interviewed by the media including CNN, The New York Times and The Wall Street Journal on the subject of foreign buyers of Manhattan property.