<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=192888919167017&amp;ev=PageView&amp;noscript=1">
Tuesday,  April 16 , 2024

Linkedin Pinterest

Views, price tags jaw-dropping for NYC’s superluxury apartments

By VERENA DOBNIK, Associated Press
Published: July 17, 2016, 6:01am

NEW YORK — Billionaires’ Row. That’s what New York real estate experts have dubbed a lineup of a half-dozen new superluxury skyscrapers overlooking Central Park that are home to some of the world’s most expensive apartments.

One penthouse on the 89th and 90th floors of a skyscraper near Carnegie Hall that went for more than $100 million seems almost a bargain compared to what will appear next year in a high-rise being built on Central Park South: a 23,000-square-foot, four-story apartment offered at $250 million.

That jaw-dropping price was contained in documents the developer filed with the state attorney general’s office. Floor plans show 16 bedrooms, 17 bathrooms, five balconies and a massive terrace.

The multimillion dollar question is: Who can afford to buy these places?

“These are the trophy buildings of our era, and the foreign buyer clearly fuels this very, very high-end condominium tower market,” says John Burger, a broker for such properties with the Brown Harris Stevens real estate firm.

The novelty is the prestige of living in sleek, breathtaking skyscrapers with 360-degree views of New York City, thanks to advanced engineering that allows residential buildings to stay skinny while soaring to dizzying heights.

Other supertall apartment buildings set to open over the next three years include the 1,550-foot-tall Central Park Tower, 225 W. 57th St., and a 1,438-foot-tall skyscraper at 111 W. 57th St. Both would be among the tallest residential buildings in the Western Hemisphere.

The 54-story tower at 520 Park Ave. — also set for a 2018 completion — will be what its architect, Robert A.M. Stern, describes as “an elegant spear of asparagus rising out of the ground.”

Loading...