Saturday, May 19, 2012

Manhattan Property update

The latest Manhattan property news is that the penthouse at Extell Development's One57 sold for more than $90 million, equivalent to about $8,000 per square foot.  Accordingly, this is a "bargain" compared to the $13,000 per square foot paid for the penthouse at 15 Central Park West.

The race is on for title of the tallest residential property in Manhattan.  Currently One57 will be Manhattan's tallest residential building when completed next year.  But 432 Park Avenue and the GiraSole are expected to the even taller than One57.  

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