What did it sell for?
Started by 30yrs_RE_20_in_REO
about 7 years ago
Posts: 9877
Member since: Mar 2009
Discussion about 157 W 57th Street #46C
$17mm. 20 percent off from the original ask in 2015; despite Extel providing interior design and furnishings (that is what I think but not sure)z
What is your guess?
I suspect that Extel can be very patient with their marketing strategy at 157 so I would expect a good number from this listing. They have sold enough at 157 to insure a big profit and may have little to no pressure to liquidate their remaining portfolio unlike their other project downtown.
Sorry my estimate of $17mm is 15 percent off the original. Could be as low as $16mm.
300,
I really don't know. This one it looks like they took about a 19% haircut?
https://streeteasy.com/sale/1338959
ximon,
I wonder how much pressure having Central Park Tower come on line is exerting on Extell to close out One57 after being on the market for ?7 years?.
This was 4 years ago:
https://ny.curbed.com/2014/12/4/10015612/one57-sales-grind-to-a-virtual-halt-as-competition-arrives
I think 20% is probably the best guess as the buyers saw the previous discounts of 20%. But the absolute price is lower. So could be a little less than 20% discount.