Have you noticed how real estate prices have been going up in New York City? Of particular note last year was a penthouse at One57 that went for a whopping $100.47 million. New York real estate brokers were thrilled with the results they achieved as they surpassed all pre-existing sales records. These outrageous price hikes occurred all across Manhattan.
The demand for New York luxury real estate has been strong and there are a lot of millionaires and billionaires out there. There are likely to be more noteworthy deals in the future as these big shot millionaires and billionaires seek homes that reflect their status. At the same time, big shot real estate brokers are hoping to make exceptional sales happen in places like 432 Park Avenue, 56 Leonard Street, 220 Central Park South, and 520 Park Avenue.
So, more about One57 – the sale of the 89th and 90th floors of this brash blue tower went for $100.47 million and ranks as the 7th priciest in the nation. In February, Chen Guoqing, and his brother Chen Fang, owners of Hainan Airlines, acquired the whole of the 86th floor for $47.37 million; and two months later, they bought the whole of the 88th floor too. Many of the buyers in the building are said to be foreigners, particularly from China. Elsewhere in the city, Mr. Andrey Vavilov sold his penthouse in the Time Warner Center’s south tower at 25 Columbus Circle for $50.92 million, which surpassed that building’s former highest price of $37.5 million. These are only a few of the many such sales that took place. Stephen Griggs of British footwear fame bought an apartment at 35XV for the price of $17.26 million, and $52 million was paid for the penthouse at 21 East 61 Street.
Out of the top 5 sales of the year, two were co-ops. One of the two, the duplex at 834 Fifth Avenue, sold for $77.5 million. Before then, the highest co-op sale was $71.28 million – a duplex located at 740 Park Avenue. The second highest co-op sale of 2015 went for $67.5 million and was purchased by the same record holder. It was followed by a $35.4 million triplex that sold in early march. The most expensive townhouse in 2015 was sold for $37 million. The next most expensive was the town house that use to belong to Sarah Jessica Parker and Matthew Broderick which sold for $18.25 million. Also, one of the five founders of Facebook bought a property for $22.3 million, a four-story Greenwich Village townhouse. These were the records for 2015 – it remains to be seen if they will be matched in 2016.
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