| NYguy |
Jan 14, 2022 12:12 PM |
This is insane. I don’t think even CPT will reach this, just across the street…
https://www.bloomberg.com/news/artic...or-190-million
Billionaire Och Sells New York Apartment for $190 Million
Investor had purchased the property for $95 million in 2019
ByBenjamin Stupples and Sophie Alexander
January 13, 2022
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Daniel Och sold a Manhattan apartment for about $190 million just two years after buying the property for $95 million, according to a person with knowledge of the sale.
Och purchased the penthouse apartment at 220 Central Park South in 2019 after he relocated from New York to Florida for tax purposes. A spokesman for Och declined to comment on the sale, which was earlier reported by the Wall Street Journal.
In 2021, at least 40 residential properties sold for more than $50 million in the U.S., according to data compiled by the appraiser Miller Samuel, an approximately 35% increase over 2020. New York featured heavily on the list, including Joseph Tsai paying $157.5 million for a duplex, also at 220 Central Park South.
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https://therealdeal.com/2022/01/13/t...s-of-2021/amp/
These buildings were the best-selling new developments of 2021
https://therealdeal-com.cdn.ampproje...21-705x440.jpg
BY JOE LOVINGER
JAN 13, 2022
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New developments flew off the shelf last year, but with so many residences popping up across the city, it’s hard to know what buildings are driving the boom.
The Real Deal has ranked the top ten selling new developments of 2021 using new data compiled by Brown Harris Stevens Development Marketing.
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In a notable departure from previous years, no one neighborhood dominated last year’s leaders. The city’s biggest deals are typically concentrated in the corridors of power along Madison Avenue and Billionaire’s Row, but last year spread the wealth.
Buyers flocked to developments in Downtown Manhattan like Lightstone’s 130 William Street and Iliad Realty Group’s 67 Vestry, as 30 percent of new development contract dollars landed south of 14th Street. Another 19 percent settled into new towers on the Upper East and Upper West Side, as 200 Amsterdam and 200 East 83rd Street brought tall living to the tony enclaves.
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Still, one highrise loomed above them all. Extell Development’s Central Park Tower, the city’s tallest, posted nearly $372 million in new contract signings. That’s over $20 million above the next best seller.
Two caveats: The vast majority of new developments report their contracts. But some, like One Wall Street and 111 West 57th, don’t publicly report their contracts so they couldn’t be included on the list. Additionally, the contracts report last asking price, not the closing price, so actual sales volumes are likely lower than the sum of their last asks.
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Quote:
Address Sales volume Contracts signed
217 West 57th Street $371,983,468 26
200 East 83rd Street $350,870,000 50
200 Amsterdam Avenue $332,021,500 46
515 West 18th Street $303,712,982 74
109 East 79th Street $303,030,000 19
15 East 30th Street $295,940,000 85
378 West End Avenue $258,905,000 26
15 Hudson Yards $258,177,450 40
130 William Street $218,202,658 81
67 Vestry Street $204,965,000 12
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