Harvey Sandler, a New York hedge fund manager, has bought an apartment at Manhattan’s new luxury building One57 for $34 million, giving its owners a $3.5 million profit after flipping the unit that it bought five moths ago and the building has not even opened yet.
The seller, Investor Sso Enterprises, paid $30.55 million for the three bedroom unit, located on the tower’s 58th floor, just five months ago. It had originally asked for as much as $40 million, but had to settle for less due to competition from unsold units in the building, according to a report in the New York Daily News.
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at [email protected].
Thank you.
Located at 157 West 57th St, the luxury condo tower has 94 units which are already 75% sold. The 90 story $1.4 billion condominium tower took ten years of planning.
The apartment has a total of 4, 500 square feet and is wrapped in 100 feet of floor to ceiling windows that offer views of Central Park, the Hudson, and the East River.
Building amenities include access to a health club with a pool and a spa, a five-star restaurant, a library, a screening room and attended parking.
Daniel Messing, David Benmen and Ben Benalloul of RLTY NYC represented the buyers.
