Midtown Madness on West 58th Street : NYC’s New Record-Setting $90 Million Dollar Penthouse; Essex House Sold to Marriot for $362 Million

Did one of  the world’s richest people (identity still unknown)  just make a rookie, out of towner NYC real estate mistake? At $90 million dollars, the 89th/90th floor duplex  penthouse condominium  at One 57 is the city’s most expensive apartment ever. The perks  of ownership  include  nearly 11, 000 square feet

Kitchen at One 57

and a Master of the Universe view of Central Park.

One 57, NYC’s 90 Million Dollar Penthouse

Also between Sixth and Seventh  on 58th Street, is the back entrance to the Landmark Art Deco Essex House Hotel & Condominiums which were sold yesterday for $362 million to the Marriot Corporation. The perks of owning 160 Central Park South (the hotel’s official “right side of the tracks” address on the park ) include the 40 story building , its’ trademark 1932   red six-story neon sign , 509  newly renovated rooms and lobby,  and the kind of  magical, human scale, streetscape  Central Park views (Olstead’s masterpiece begins across the street)  that have inspired poets and lovers for over 81 years. Hmmm…90 million for just one apartment, $362 million

Essex House

for an entire legendary hotel on the same West Midtown block with  more romantic views? (Think Central Park and the hansom cabs on a snowy New York  night

Hansom Cab, Central Park South, New York

or the Plaza where Katie said goodbye to  Hubbel . )I guess it’s old school, old New York pre-war elegance and  detail  vs. new century glass and glitz trophy palaces.

Speaking of stratospheric prices, Bergdorf’s ,(also on 58th Street facing the park) ,is selling high-rise BG 111th  Birthday  shoes at prices that roughly  equal a month’s market rate rent for a Manhattan one bedroom or studio.

Art Deco Landmark, The Essex House, 160 CPS, Sold to Marriot for $362 Million

Jimmy Choo, $2500

Christian Louboutin Shoes, About $4,000

“Whenever I get some money, I buy Calvins. And if there’s any left over, I pay the rent.”–Brooke Shields, Age 15, 1980 Calvin Klein Commercial


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