Super rich snap up apartments in New York’s most expensive high-rise block

  • 12 years ago
  • Uncategorized

Despite the recent housing crisis
in the US, the super-rich are queuing up to buy luxury property in
Manhattan.  The latest development
is New York’s so-called ‘billionaire building’, One57, located at the southern
edge of Central Park.

The 1,004 foot tower is set to
become New York’s tallest residential building when completed in 2013 and
around 50 of the 92 apartments have already been sold.  So, who is buying and what do you get for
your money?  Keep reading to find

Superb New York property aimed at the super-wealthy

Buying a home at One57, located
at 157 W. 57th Street in Midtown Manhattan, is limited to the super-wealthy,
with apartments going for $45million (£27.7 million) and up.

The New York Times reported that orders to purchase an apartment in the
incredible building have come in from all over the world, including China,
Great Britain, Canada and several from the U.S.

Gary Barnett, the president of
developers, The Extell Development Company, told the newspaper that several of
the new buyers are ‘significant Forbes billionaires.’

Speculation is rife about which
celebrities have bought property at One57, with the Times letting slip that three future residents already own property
at another exclusive Manhattan building – 15 Central Park West.  Owners there include actor Denzel
Washington, Sting and NBC sportscaster Bob Costas.

As well as stunning views of
Manhattan and Central Park, the properties boast a range of impressive
features.  Bathrooms feature a high
definition television while the gourmet kitchen features outward ventilation
and two dishwashers for units of three bedrooms and above.

Kitchens come
in two possible finishes and also include two 36-inch refrigerators, granite
counter tops, extensive storage, and a full-sized wine cooler.

Jonathan J. Miller, president of
Miller Samuel, a property appraiser, said: “The scale of wealth in this
building is just unheard of. Despite all the problems economically, you are seeing
these people invest in real estate unlike in any period that has ever


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