Breakdown of Billionaires Row

//Breakdown of Billionaires Row

Breakdown of Billionaires Row

Billionaires Row


1. 432 Park Avenue


The 1,396-foot tower, currently the tallest residential building in the Western Hemisphere, is ready for “immediate occupancy,” according to its website, which gives it an advantage over incomplete projects like 220 Central Park South or 111 West 57th Street. And its Park Avenue address has drawn more American buyers than some of its peers, said Jacky Teplitzky of Douglas Elliman. Asking prices range from $6.5 million for a one-bedroom apartment to $95 million for a penthouse. Known buyers: real estate honcho Howard Lorber, financier Bennett LeBow, Qatari diplomat Nassir Abdulaziz Al-Nasser, jeweler Jacob Arabov and Saudi billionaire Fawaz Al Hokair.

2. 36 Central Park South

Developers originally planned to build a 1,201-foot-tall condo tower on the site of the current Helmsley Park Lane Hotel but shelved the plans in January, citing a weak luxury market. It was unclear at press time whether condo plans were back on the table.

3. 53 West 53rd Street

Although not technically on Billionaires’ Row, the 1,050-foot MoMA tower designed by Pritzker Prize-winning architect Jean Nouvel is still considered worthy of the moniker. Construction is underway on the building’s 139 units. The listings that hit the market last September were priced from $3.2 million to $70 million.

4. 111 West 57th Street

The 1,438-foot-tall tower is slated to have 65 units with asking prices ranging from $7 million to $58 million. In March, the developers caused a stir by halting sales for up to a year because of a weaker market.


5. 123 West 57th Street

Reportedly, there are plans for a 761-foot tower at 123 West 57th Street, but the project appears stalled.

6. One57

With a 2011 launch, Extell’s One57 was the first supertall condo tower to hit the market. And it is also the first to see some of its 94 condo units resell. But after a strong start to sales, observers say the tower has felt the impact of growing competition on 57th Street. At least 11 units are unsold, with asking prices ranging from $4.2 million to $58.5 million. Known buyers: hedge fund founder Bill Ackman, fashion tycoon Lawrence Stroll, Hong Kong textile mogul Silas Chou and Brazilian billionaire Edson Bueno.

7. Central Park Tower

With a planned height of 1,550 feet, Extell’s second project on 57th Street would be the city’s new tallest residential building. Backed by a $300 million loan from the Blackstone Group, Extell has started foundation work but has yet to secure actual construction financing.

8. 220 Central Park South

“220 Central Park South is an anomaly,” said Sotheby’s International Realty’s Nikki Field. While other superluxury towers have struggled to sell units, at least 43 out of 90 marketed units here are estimated as being in contract, according to CityRealty. Prices range from $12.3 million to a reported $250 million for a penthouse out of combined units.


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