Extell's One57 Is Officially Out of Control

It's pricey up here.

Woah, One57! Extell’s bombastic tower is already known for astronomical prices, including $98 million penthouses and a  presale prices in the $6,000-per-square-foot range. Although the economy may have slammed on the breaks in recent months, Gary Barnett is moving full steam ahead with those zany pre-recession prices, The Real Deal reports.

The 90-story condo tower began selling units earlier this month, and apparently they were encouraged by the response.

Extell is asking up to $4,000 per square foot for one-bedrooms; up to $4,150 per square foot for two bedrooms; up to $6,580 per square foot for three bedrooms; and up to $8,413 per square foot for four bedrooms, according to a copy of the Schedule A, or pricing list, provided to The Real Deal. Also up for grabs are a 4,603-square-foot five-bedroom with an outdoor terrace for $16.75 million and two massive duplex penthouses priced at $90.5 million and $98.5 million.

Our pals over at TRD created this handy chart to help get a hold of these wild prices.

Not everyone is so sure that Extell will be able to sell units with their optimistic prices, however. “There’s nothing currently in the marketplace to substantiate those dollars” Jacqueline Urgo, the president of Marketing Directors told The Real Deal.

Still, the luxury building has been courting wealthy foreigners, believing that out-of-towners will prefer the glossy new building to the rather limited uptown alternatives.  And with an amenity package rivaling New York’s top addresses, maybe Extell is hoping to trick buyers into thinking they’re actually on Park Avenue.


Extell's One57 Is Officially Out of Control