One57: “The Global Billionaires’ Club”

One57 attracts some of the worlds wealthiest

When a residential building has got the reputation of being the tallest of its kind in New York, one would imagine that the building would be content to rest on that title’s laurels alone. But that is hardly the case with One57, the 1,004-foot tower rising like a behemoth in Midtown Manhattan. With magnificently large, full-floor apartments offering residents 360-degree views that include the striking Empire State Building, the lush greenery of Central Park and the stunning Statue of Liberty, these ultra-luxury homes near the top of the building are now being known for attracting the richest from around the world.

In a recent report, The New York Times characterizes One57 as “the global billionaires’ club,” an apt description for the $1.5 billion development that has apartments being purchased for phenomenal sums of money. Besides the two duplexes that have been bought for more than $90 million each, prices of apartments near the top of the building have ranged from $45 million to $50 million. While the identities of these residents have remained secret, it has been revealed that the buyers of these apartments have all been billionaires; at least a few of which have been “significant Forbes billionaires.”

Besides buyers from the United States, One57 has attracted buyers from China, Canada, Nigeria and Britain. The building has already sold more than 50 of its 92 apartments, a number that is striking considering the effects of the recession the country is still trying to shake off. Investing in New York real estate seems to be the mantra of the hour, with global buyers choosing to invest right here in Manhattan as opposed to the still crippling economies of their own nations. Another interesting detail revealed by The Times is that some owners from the very popular 15 Central Park West are choosing to buy homes at One57 as well.

One57 will enjoy two years wearing the crown of being the tallest residential building in New York, as the construction of the 400-foot taller 432 Park Avenue will complete in 2016. But as the steady sales at One57 have revealed, buyers don’t seem to mind that fact, choosing instead to concentrate on the amazing features that One57 homes offer to its residents. Although gaining entry to this fancy “club” may cost a pretty penny, new owners can rest assured that they will be hobnobbing with the crème de la crème of the entire world at One57.