Mystery buyer drops R1.1-billion on a single-family flat in New York

An unnamed buyer dropped a stomach-churning R1.1-billion (US$100.47-million) on a penthouse apartment in a new skyscraper overlooking New York’s Central Park.

The apartment on New York’s “Billionaires’ Row” occupies the entire 89th and 90th floors.

One57 towers above other skyscrapers in this image of Manhattan's so-called “Billionaires’ Row”.

This is an all-time record for Manhattan where the average apartment costs R21-million (US$1.8-million).

The 1022 square metre apartment has six bedrooms, seven bathrooms and two “powder-rooms”.

An artist's impression of the view from the One57 penthouse apartment.

The mystery buyer will, according to The Daily Beast, pay a mere US$1700 per month in property taxes due to tax breaks and loopholes that the ultra-rich enjoy.

Many New Yorkers revile the building, named One57 but nicknamed “One Big Ugly”, for casting a huge shadow over Central Park.

A penthouse in a new tower under construction near One57 is slated to hit the market later this year at a cost of R1.5-billion (US$130-million).


This article first appeared on 702 : Mystery buyer drops R1.1-billion on a single-family flat in New York


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