The last remaining full-floor residence at One57, the luxury condominium tower on Manhattan’s Billionaires’ Row, has just found a buyer, but only after the building’s developer, Extell Development, made a big concession.
Unit 83 at the Christian de Portzamparc-designed skyscraper changed hands for $45.8 million, about $12.7 million less—close to 22% below— the $58.5 million listing price from July 2015. The transaction was completed earlier this month, according to property records filed with the city Monday.
More:Click to Learn More About 'The Billionaires' Building'
The documented buyers are three East Yorkshire, England-based trustee companies, which are associated with the family of Malcolm Healey, a British billionaire who has accumulated a fortune in the kitchen furniture business both in the U.K. and the U.S., according to public records.
The 6,240-square-foot residence features four bedrooms, five-and-a-half bathrooms and a nearly 1,500-square-foot living room with a central gallery that boasts views of the George Washington Bridge, the Statue of Liberty and Freedom Tower at the same time. The residence also features one of Extell’s renowned solid Italian marble bathtubs, three showers and a steam room.
This isn’t the first time One57’s residences have sold for at least 20% below the asking price this year. In October, Chinese billionaire Liu Yiqian nabbed Unit 62A for $23.5 million, or 25% less than its original $31.7 million asking price. The 4,483-square-foot apartment includes three bedrooms and four-and-a-half bathrooms.
Also in October, Unit 65B was sold for $21.6 million, almost 24% under its asking price of $28.3 million. The buyer for that 4,193-square-foot apartment is Australian entrepreneur Rodney Menzies, according to property records.
"Sales have picked up dramatically since the second half of this year due to our flexibility on pricing of the larger upper floor residences," said Anna Zarro, senior vice president of Residential Sales & Leasing at Extell Development.
The building, which holds the record for the most expensive condo sale in New York City when a duplex penthouse sold for over $100 million in December 2014, has 92 residences in total, 12 of them occupying full floors.
Write to Fang Block at fang.block@dowjones.com