One57 unit sells 42 percent below 2014 price

E-Bright Holding LLC paid One57 66A, LLC $17.2 million for condo unit 66A at 157 West 57th Street in Midtown West, a condo tower built by Extell Development. The deal closed on May 15, 2020, and was recorded on May 18, 2020. The transaction consists of 1 parcel, including the tax class residential condo in Acris (SC). The property is 4,483 square feet. The parcel(s) have total development potential of 4,483 square feet.
The average sale price per square foot is $3,841.

The sale at more than $12 million below the sponsor sale price represents a 42 percent reduction in value. The last time the property sold was October 14, 2014, when Extell sold it to One57 66a LLC for $29,533,450.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link