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Is this sale a game changer?
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http://www.bloomberg.com/news/2012-05-18/manhattan-penthouse-sale-at-luxury-tower-sets-record.html

A duplex penthouse at a tower under construction on Manhattan’s West 57th Street went under contract for more than $90 million, setting a record for a single residence in the borough.

The 11,000-square-foot (1,000-square-meter) unit, spanning the 89th and 90th floors of the building known as One57, sold at a price between $8,000 and $9,000 a square foot, Gary Barnett, president of developer Extell Development Co., said in a telephone interview. He declined to name the buyer.

“You have a 10,000-square-foot trifecta this week,” said Jonathan Miller, president of New York appraiser Miller Samuel Inc. “There is a small group of affluent investors that are looking for trophy properties and New York has been happy to oblige. I wouldn’t be surprised if there were more coming.”
Price Increases

The penthouse at One57 was listed for sale at $115 million after a series of price increases, according to Barnett.

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Nyc is still THE place to have a trophy apt. Good for all of us.

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@ truth: i love that. Bankers being fired threads, lawyers out of work threads, goldman on the skids threads....meanwhile the money still says you havent made it if you arent in NYC.

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Mine is bigger than yours! ~ AND DON'T YOU FORGET IT!

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media/tech/foreign money is the new banker/lawyer money

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Last few months, I've seen a lot more brokers showing clients around, what new construction is being built is selling as well. People are looking for primary homes and investment properties.

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