A ‘Global Billionaires’ Club’ Joins New York’s Midtown Skyline at One57

View from One57 Tower in Midtown New York. (MSNBC photo)

The borough of Manhattan in New York City is known for its high-priced residences, but it’s never seen anything like the new 1,004-foot “global billionaires’ club” that is near completion along Central Park in Midtown.

According to the New York Times, One57 will become the tallest building in New York with residential units when it opens. In the meantime, apartments in the building are being snapped up at staggering costs by some of the world’s most well-heeled buyers. According to the Times, since units were put up for sale in November contracts totaling more than $1 billion have been signed. The most expensive unit is an 11,000-square-foot duplex that sold for $95 million, which is a new record for a New York penthouse.

As has been well-chronicled of late, the luxury real-estate market in New York has been booming throughout 2012. The Times’ illustrates that point by noting there have been a string of record-breaking sales this year in Manhattan, topped by the $88 million paid for a penthouse by the daughter of a Russian billionaire in March. That record was shattered by the $95 million duplex at One57.

Some New York real estate professionals have signaled their amazement in the amount of wealth that’s converged on One57. As noted, high-end buyers have flocked to New York real estate this year and One57 has not been an exception.

The president of property appraiser Miller Samuel, Jonathan J. Miller, described the scene to the Times.

“The scale of wealth in this building is just unheard of,” Miller said. “Despite all the problems economically, you are seeing these people invest in real estate unlike any other period that has ever happened.

One57 cost $1.5 billion to build. Its apartments offer 360-degree views of the city with sight-lines to many of New York’s landmarks, beginning with Central Park directly below and the Statue of Liberty in the distance.  According to the Times, “fewer than 40” of the 92 apartments at One57 are still on the market. This includes four full-floor apartments that cost a minimum of $50 million each.

About Gary Gold

Gary Gold is a marquee name in luxury real estate and his sale of The Playboy Mansion sets a record as the first residence to sell over $100,000,000 in Los Angeles. Gary is also one of its most successful trend setting agents. He’s an internationally recognized expert known for his creative use of technology, marketing and publicity to sell some of the finest homes in the world. Gary is further distinguished by the rare ability to secure high net worth, qualified buyers from digital marketing. This success, year after year, continues to produce a steady stream of buyers from not only the Los Angeles area, but throughout North and South America, Europe, and Asia.

Gary has sold thousands of estates and luxury properties over the course of his career. High-end developers have consistently relied on Gary’s broad expertise on projects ranging from luxury condominium developments to major estates. He is a sought after speaker, panelist and educator at industry conferences. Gary has been cited as an expert for publications and broadcasts that include CNN, Fortune, Barron’s, Wall Street Journal, The Washington Post, Access Hollywood, CBS Evening News, e! Entertainment Television and The London Telegraph.

Gary Gold began his career in real estate over 25 years ago and has been a top producer with Hilton & Hyland since its inception. Hilton & Hyland is Beverly Hills preeminent luxury real estate firm, with over $2.7 billion in annual sales.