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TRADING UP

Very Wealthy Woman Wants Out of $32.5M One57 Apartment

Friday, May 8, 2015, by Hana R. Alberts

Here's a real Lifestyles of the Rich and Richer conundrum. The ex-wife of former San Diego Padres owner John Moores—let's call her Rebecca Moores—bought a 5,475-square-foot apartment on the 54th floor of pioneering megatower One57, which oh-so-briefly wore the crown bearing the superlative "tallest residential building in New York City." But that four-bedroom, which has glorious views of Central Park and all that jazz, apparently wasn't enough for Ms. Moores, who in December 2014 shelled out more than $54 million for the entire 81st floor—of the same exact supertall. She plans to use that 5BR as, oh yes, a pied-a-terre.

So now what to do with that lower-down, less-good place? Ah yes, sell the contract. First reported by the Journal, Moores's inferior, never-lived-in property could be yours for $32.5 million. It's what everybody dreams of: a discarded piece of real estate that thinks it's worth 641 times what the average New Yorker makes in one year. Just remember, Bill Ackman's $91.5 apartment that he bought "for fun"(and flipping) far outweighs Moores in sheer exorbitance.

· Listing: 157 West 57th Street [Brown Harris Stevens]
· Owner in New York's One57 Offers Contract on Unit for $35.2 Million[WSJ]
· All One57 coverage [Curbed]

ONE57

157 West 57th Street, New York

MIDTOWN

JOHN MOORES

LIFESTYLES OF THE RICH AND RICHER

RELATED LINKS

COMMENTS (5 EXTANT)

REspectator 2398

Judging by the compass in the floorplan, it's the SIDE of the "grand salon" that faces the park (the top side on this floorplan), not the long side.

And the bedrooms, kitchen and breakfast room face downtown.

#1. 05/08/15 03:10 PM

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Views4Days 1156

There is more where that came from. From the New York Times:

"A full-floor aerie near the apex of the Extell Development Company’s blue-glass bastion of billionaires, One57, which offers nonpareil park, water and cityscape vistas, sold for $47,367,491.39 and was the most expensive sale of the week, according to city records.

The residence, No. 88, on the 88th floor at 157 West 57th Street, was purchased through the limited liability company Pac Wholly Own, which records show is associated with the Pacific American Corporation, a New York subsidiary of the HNA Group, one of China’s largest private airline companies. In February, Guoqing Chen, a founder along with his brother, Chen Feng, of HNA’s Hainan Airlines, paid $47,366,989.64 for a floor-through apartment on the 86th floor of the 90-story skyscraper — almost the exact amount as No. 88 when factoring in taxes and fees."

We've reached the point where the same buyer needs two $48 million apartments in the same building!

#2. 05/08/15 03:14 PM

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bc109 56

So bland...

#3. 05/08/15 03:37 PM

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LA Noir 358

Amazing that those at the "top" still aren't satisfied, and want more!

#4. 05/08/15 04:42 PM

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jenblues 58