A duplex penthouse on the 89th and 90th floors of One57, the building currently under construction at 157 West 57th Street in New York, NY just sold for a record breaking $90,000,000. The buyer’s name has not been revealed, but it is said that they are someone with notoriety. The 10,923-square-foot penthouse features a grand salon with 23-foot ceilings.

From the NY Times:

The sale had been a well-kept secret; the buyer agreed to buy the penthouse more than three months ago, he said, when the apartment was listed at $98.5 million — before Extell raised the asking price to $115 million to adjust for the market tumult caused by the 15 Central Park West sale.

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  • Daniel

    Well, the view is nice, but I’d rather spend that money on a villa in Cap Ferrat or almost any home in Palm Beach (or both).




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  • Barney

    They’re coming to take me away, HA HA, HO HO, HEE HEE, HOO HOO. The Nice White Men in the Nice White Coats are coming to take me away!!!!

    (Cue the music that would play whenever Wiley Coyote would build a crazy robot or another crazy machine to capture & kill the Road Runner, or after every one of his schemes would utterly fail & backfire on him and a huge boulder would crush him/he’d get hit in the face with a hammer/or an anvil would smack him right on his noggin.)

    This STARK RAVING PSYCHOTIC SCENARIO makes me even more FERVENTLY BELIEVE in the 99% & 1% national, financial theory that’s been in the news in the past two or so years. NO ONE ON EARTH SHOULD BE ABLE TO CHARGE OR PAY A FRIGHTENINGLY INSANE AND TRULY DISTURBING UNIVERSE OF MONEY LIKE THIS FOR ANY SINGLE DOMECILE. If anyone thinks that makes me a bleeding heart, far-right-wing, looney liberal………then CALL ME CRAZY and let’s sing 1960’s protest songs, ’cause shit like this TRULY FRIGHTENS ME and I find this ETERNALLY WRONG in so many ways that if I lived to be one hundred, I’d never be able to list ’em all.




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    • Jeff P.

      You know, decaf coffee tastes just as good as the real thing.




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      • Barney

        HAR DE HAR HAR….If you’d been around a little longer, you’d know that I’ve stated several times that I don’t, repeat don’t capitalize in order to “scream” in print online. I only do so for emphasis, ’cause I SINCERELY DO feel that passionately about real estate and the entire subject of money, in general.




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    • Kyle

      Barney, just so you are aware, but American liberals are on the left, not the political right-wing :D.




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  • Andrew

    lemme guess–Petra Ecclestone?




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    • Limedaiquar

      I will slap her.




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  • Limedaiquar

    I’ve been following the construction of this tower for a while and it’s being built rather quickly. I just can’t believe Central Park South’s skyline (one of my favorties) has changed like…alot.




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  • Joseph

    I’m sorry but who would pay 90 million for any attached residence. It just confuses me that someone would spend tens of millions of dollars for a large apartment and views of a park and high rises when a mansion that is even larger with views of beautiful mountains, oceans, and forest, which is much better than a view of the city could be purchased for a tiny fraction of the price.




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    • Tony

      That’s one opinion. I personally love city views.




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      • marc22

        I concur a city view day or night is outstanding




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        • Geoffrey

          me three




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          • Chris

            make that four




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    • Jeff P.

      I guess it all boils down to availability in a market where there are a finite number of such spaces in Manhattan. From that perspective, I can see it as less a home and more an investment.




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  • Jh

    I heard Tommy Hilfiger was seen at the sales office months ago. I’m not sure he could afford this though…




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  • marc22

    While some have mentioned that homes in Palm Beach, the south of France up in the mountains, in the forest or with views of the ocean are all nice indeed, but I am certain this will just be a home for the owner while in NYC on business. I am sure they already have their Aspen home and the Palm Beach spread and one in the south of France. GO NYC real estate!!! No signs of a recession in this stratosphere of real estate. The market is only providing what it always has in the past. The chance to buy a one of a kind showplace penthouse and for that the price is whatever they can get for it. 90M is a fair price. I don’t see the problem. You cant take it with you so go out and spend it.




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    • Barney

      Everyone, of course is entitled to their opinion. Hence mine. But while (again, of course) you can’t take it with you, the sheer, eternally incomprehensible, price-of-the-GDP-of-a-NOT-SO-SMALL-NATION for this “single family home” is such an utterly horrible corruption of ANY POSSIBLE meaning of the word “money”, that it truly makes my stomach turn. I find this as horribly repugnant on a financial/societal/psychological and international level as anything I can imagine. This sale is EVEN WORSE than the character Gollum (a.k.a. “Smeegle”) from the Lord of The Rings trilogy willing to commit murder for his “MY PRECIOUSSSSS” object of endlessly psychotic obsession.




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      • marc22

        I hear you, but in reality considering the location, steel, concrete and crazy expensive finishes that this place will contain, it should be priced at approx. 20 or 25 million, but because it is the highest or has the most expansive wrap around views in NYC it has a premium price which is up to the buyer to decide whether it is worth it or not. That premium is limitless. I guess the developer was spot on when he thought that someone would be insane enough to spend 90m plus more money to custom finish it and pay ridiculously high monthly maintenance fees and taxes to boot. I hear you, but again I think the free market sets the price and it takes just one ego maniac to now raise the bar for the next penthouse apartment to top this sale. I dont begrudge anyone’s desire to spend their own money no matter how crazy the price appears to be.




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        • Marie

          Exactly correct marc22 and I believe that before the final completion of this development somebody will spend in excess of $100 million of one. All it took was for one to sell $88 million and the price has continued to go up, up, up.




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      • Kyle

        Barney, that is market capitalism. Supply and demand. Yes, there is lots of poverty in the world, but generally that is a result of a lack of the institutions required for a vibrant market capitalist system to develop so that most everyone can have a decent base standard of living. The poor nations of the world aren’t poor because the wealthy nations are wealthy. That such poverty exists, doesn’t mean it is wrong that others are able to blow $90 million on a penthouse.

        The reason so much of the world sucks as well is just because of human nature. As such, there is no perfect system. They all function badly. Market capitalism is the system that functions the least badly. The thing about market capitalism is that people who have gotten super-rich in the market capitalist system generally have done it by creating goods and services, not oppressing the poor. And market capitalism has commoditized a whole slew of goods and services that previously were only available to the wealthy.

        Also, think about what the $90 million means. The construction of the building meants JOBS for a lot of people. A lot of blue-collar construction jobs for people. If there was no demand for the structure, said jobs would not exist. So it is a GOOD thing that there are people willing to blow $90 million for such a place.




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        • Daniel

          “The thing about market capitalism is that people who have gotten super-rich in the market capitalist system generally have done it by creating goods and services, not oppressing the poor.”

          COMPLETELY AGREE!




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  • Mark

    With 90 Mil, you could buy 10 outstanding properties all over the world.

    Maui
    Paris
    Miami
    Napa Valley
    Monaco
    Melbourne
    NYC
    Turks and Caicos
    London
    Vancouver

    That would cover it for me…




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    • marc22

      ahhh yes and I would prefer that myself but real estate has a certain element of bragging rights and this penthouse, by all accounts will be the highest residential home in NYC or I believe in the entire US. Correct me if I am wrong, but until they build a structure, now underway on Park Ave, this will be the highest penthouse available. Some people want bragging rights, like the fastest car and the biggest diamond, etc. etc. I just dont understand purchasing such a home when you know it is going to take a miracle to find one of only a handful of others who can afford to buy it from you.




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      • Mark

        It is a character discussion then. (narcissism)
        Once someone builds something better, higher more $. Then he is in second place, and a loser according to his believe system, sad really…




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    • rob

      South Carolina
      NYC
      Maine
      Colorado
      Bali
      New Zealand
      London
      Tokyo
      Paris
      BVI




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  • Justin

    Abramovich?




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  • Jack

    The type of person who can afford this type of penthouse already has properties all over the world as well. It’s not like this type of buyer is on a restricted budget and has to justify this purchase as “well i could buy this penthouse for $90 million or……” For them they can buy this, and they can buy $90 million places in all of the locales rob and marc listed off.




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    • Mark

      I know he has properties all over. It’s a value for money statement. Instead of a pissing contest.




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      • Jack

        Wasn’t implying it was a pissing contest. For this buyer, he could see a lot of value for the money he spent




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        • Mark

          I see your point. If you are worth 2 Billion, spending 90 M is like a guy worth 200M spending 9M.




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  • Chris

    clearly a city residence, most likely for a Russian billionaire I believe.




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  • Randy

    I agree with Justin…my money is on Roman Abromavich . His new hot wife who is a fasion model is spending alot of time in NYC these days . In the past, the couple have been forced to usually stay at the Ty Warner Penthouse at The Four Seasons for $34,000 per night . Eventually, i’m sure Roman will buy a place in NYC….cheap bastard!




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  • Kyle

    Maybe Mark Zuckerberg bought it 😀




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