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
and a Master of the Universe view of Central Park.
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
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
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.
“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