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Talk » Sales » Discussing 'Is this sale a game changer?'

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.

if you are a billionaire.. no, not even then.

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.

trickle down is proven not to work.

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

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the fool is back.

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how exciting is it for you?

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

its always been there(media\tch\foreign). Not going to have an impact. especially when the economy is in the crapper. RE still taking a dive.

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.

how strange.

i've seen less brokers showing less clients around. i've seen new construction just sitting. People aren't buying anything.

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