Headline making prices usually has a good psychological effect on the market and that is not changed by a single building. Though the property’s real worth is not seen right at that moment, a high price tag in the market creates an opportunity for investors and buyers. The Weill sale has a strong impact on high-end market thus. The One57 is being touted as the the tallest tower and is slated to open in 2013. The penthouse of the building already has been listed for $110 million, and is on the top two floors of 90-story building of One57. It consists of double-height grand salon of 57-foot-wide, overlooking Central Park. One57 is under construction by developer Extell who has just increased its price tag from $98.5 million to $110 million, according to the Wall Street Journal.
Weill sale has drawn world’s attention to real estate of Manhattan. The asking price of 75th and 76th floors of the building has also risen to $105 million. The building One57, overlooking Central Park, being unfinished already has made headlines. You might be wondering what might be so special about the top unit with sudden price hike. It is the result of very recent sale of Weills penthouse at 15 Central Park West to Russian billionaire, Dmitry Rybolovlev’s, daughter at $88 million, the most expensive deal ever happened in Manhattan.
It is nothing but reflection of high-end market price. According to Edward Mermelstein, a lawyer, living in the tallest Manhattan building has a great appeal to the buyers from China and Russia.