May
24

Condo Purchased for $8,000 per Square Foot

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A mystery buyer has agreed to pay a record price in New York of more than $90 million for the duplex penthouse at a Midtown tower, the building’s developer said Thursday.

Gary Barnett, president of Extell Development Company, said the buyer, who declined to be named or to disclose his country of origin, bought the 10,923-square-foot penthouse on the 89th and 90th floors of One57, the building currently under construction at 157 West 57th Street.

The building, which features a Park Hyatt below the condominium units, will offer striking views of the southern end of Central Park and will be among New York’s tallest residential structures when it is completed next year. Since One57 opened for sales in December, about half of its 92 apartments have been sold, Mr. Barnett said.

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