Billionaires’ Row..A group of ultra-luxury residential skyscrapers, grouped close to the southern edge of Central Park in New York City’s Manhattan district..One of those skyscrapers is Central Park Tower, which at 1,550 feet high, has set the record as the tallest condominium building in the world.. Central Park Tower, a room with a viewCentral Park Tower, a room with a view .It could soon set another record as home to the highest-ever sales price ever paid in the US for its three-storey penthouse, which is listed at US$250 million, topping the current record of US$238 million paid for a condo across the street..At that price, when it sells, it will join the nine-figure club, a group of homes that have sold for US$100 million or more in the last two years in New York, Miami, Malibu and Palm Beach..“The nine-figure club is a special club, and that club is also now looking to own nine-figure real estate,” says listing agent Ryan Serhant of the Serhant real estate agency..“It’s a new paradigm now. The uber-wealthy are looking for places to diversify assets, and real estate has become one of the most popular and sought-after mega-assets. The levels have exploded.”. Central Park Tower, living roomCentral Park Tower, living room .The seven-bedroom penthouse sits 1,400 feet above ground level, taking up the 129th through 131st floors, measuring more than 17,500 square feet, with ceiling heights of up to 30 feet, connected by a winding, sculptural staircase..“The upper floor is currently configured as a private ballroom or entertainment space, and the pièce de résistance, a private, roughly 1,400-square-foot terrace with views of the city, Central Park and the Hudson and East rivers,” says Serhant..The builder of Central Park Tower, Gary Barnett owner of Extell Development, agrees the $250 million asking price is raising eyebrows. He believes it's a good deal for the neighbourhood, coming in at US$15,000 per square foot, compared to the$20,000 per square foot asking price for a nearby penthouse owned by Saudi retail and real estate magnate Fawaz Al Hokair (it didn’t sell)..“And that unit didn’t have private outdoor space,” said Barnett.. Central Park Tower, Central ParkCentral Park Tower, Central Park .Prices in other buildings on Billionaires’ Row aren’t necessarily indicative of how much units in Central Park Tower will sell for, says Noah Rosenblatt of real-estate data analytics company UrbanDigs.“When you get into that uber-luxury sector, every building is unique,” he says..“You’re not going to be able to say one building is a comp for the other. Once you leave one building, you’re in a totally different market.”.And a different world on Billionaires’ Row.. Stairway to the skyStairway to the sky
Billionaires’ Row..A group of ultra-luxury residential skyscrapers, grouped close to the southern edge of Central Park in New York City’s Manhattan district..One of those skyscrapers is Central Park Tower, which at 1,550 feet high, has set the record as the tallest condominium building in the world.. Central Park Tower, a room with a viewCentral Park Tower, a room with a view .It could soon set another record as home to the highest-ever sales price ever paid in the US for its three-storey penthouse, which is listed at US$250 million, topping the current record of US$238 million paid for a condo across the street..At that price, when it sells, it will join the nine-figure club, a group of homes that have sold for US$100 million or more in the last two years in New York, Miami, Malibu and Palm Beach..“The nine-figure club is a special club, and that club is also now looking to own nine-figure real estate,” says listing agent Ryan Serhant of the Serhant real estate agency..“It’s a new paradigm now. The uber-wealthy are looking for places to diversify assets, and real estate has become one of the most popular and sought-after mega-assets. The levels have exploded.”. Central Park Tower, living roomCentral Park Tower, living room .The seven-bedroom penthouse sits 1,400 feet above ground level, taking up the 129th through 131st floors, measuring more than 17,500 square feet, with ceiling heights of up to 30 feet, connected by a winding, sculptural staircase..“The upper floor is currently configured as a private ballroom or entertainment space, and the pièce de résistance, a private, roughly 1,400-square-foot terrace with views of the city, Central Park and the Hudson and East rivers,” says Serhant..The builder of Central Park Tower, Gary Barnett owner of Extell Development, agrees the $250 million asking price is raising eyebrows. He believes it's a good deal for the neighbourhood, coming in at US$15,000 per square foot, compared to the$20,000 per square foot asking price for a nearby penthouse owned by Saudi retail and real estate magnate Fawaz Al Hokair (it didn’t sell)..“And that unit didn’t have private outdoor space,” said Barnett.. Central Park Tower, Central ParkCentral Park Tower, Central Park .Prices in other buildings on Billionaires’ Row aren’t necessarily indicative of how much units in Central Park Tower will sell for, says Noah Rosenblatt of real-estate data analytics company UrbanDigs.“When you get into that uber-luxury sector, every building is unique,” he says..“You’re not going to be able to say one building is a comp for the other. Once you leave one building, you’re in a totally different market.”.And a different world on Billionaires’ Row.. Stairway to the skyStairway to the sky
