A 93rd-floor unit in the world’s tallest condo tower has sold for $28.58 million — more than a quarter off the initial asking price of $38.75 million.
The buyers are Cindy K. Chan and Hung P. Wong, according to property records.
The four-bedroom, 4½-bathroom unit is at Central Park Tower, which rises 1,550 feet tall at 217 W. 57th St.
The 4,296 square feet comes with a relatively modest monthly maintenance fee of $6,336 a month.
So far, 15% of its 178 units have sold, according to Kael Goodman’s Marketproof.
Condo units on Billionaires’ Row have been taking a hit lately, as the US government slightly tightened its anti-money laundering laws to make it a little less easy for anonymous entities to stash dirty cash in American real estate, which helped transform some towers into personal piggy banks for global kleptocrats.
The stylish lobby at the supertall tower. Extell Development CompanySupertall condos have also become a little less alluring as trophies since the condo board at 432 Park Ave. recently sued its developers over 1,500 allegedly faulty, and potentially dangerous, design and construction flaws.
“Manhattan new developments offered a 10.3% discount on average in Q2, so this transaction at Central Park Tower isn’t an anomaly,” said Kael Goodman, CEO of Marketproof. “Billionaire’s Row has the city’s highest concentration of units asking above $20 million and there is abundant shadow inventory at that price point. Developers looking to make a sale are likely to continue offering discounts, even if they’re selling what’s considered a premium product.”
Billionaires’ Row towers do offer over-the-top amenities to its buyers, however.
A rendering of the garage at 217 W. 57th St. Extell Development CompanyCentral Park Tower, for example, where fashion icon Iris Apfel recently held her 100th birthday bash, boasts 50,000 square foot space on the 100th floor featuring a private dining room and celeb chefs like Alfred Portale, Laurent Tourondel and Gabriel Kreuther, along with special experiences curated by celeb event designer Colin Cowie.
There’s also an outdoor terrace with a pool and cabanas along with a gym, lounge, screening room and children’s playground.
