Published On: Sun, Oct 5th, 2014

One57’s First Flipped Apt Sold to Harvey Sandler for $34 Million

157 West 57th St,

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.

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.

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