Thursday, March 27, 2014

The New York property market overheats

The developers of a triplex for sale for $ s 100 million, located in the luxury apartment tower 50 UN Plaza in New York, have their eyes on those attending the UN General Assembly in its search for potential buyers.

The companies responsible for the project , Zeckendorf Development and Global Holdings, which belongs to Eyal Ofer Israeli financier , hoping to attract the richest in the world that might be interested in owning a portion of the city skyline diplomats.

The Arthur and William Lie Zeckendorf brothers are building a 44-story tower . The project 50 UN Plaza , designed by Foster + Partners London studio , is one of the many wealthy Americans luxury residential developments that have emerged in New York City in the last two years in response to growing demand from foreign investors and seeking stable investments .

So intense is the demand for exclusive condominiums (defined as those whose value is within 10% of the most expensive apartments) that developers fail to build fast enough and the prices are starting to break previous records .

The Zeckendorf plan to build 88 apartments with prices starting from u $ s 2.5 million. The penthouse of nearly 1500 square meters occupied floor from 41 to 43 will be offered au $ s 100 million when the sale begins in mid-October . The property has 14 bedrooms and 13 bathrooms.

It was originally planned as a duplex, but the developers expanded due to increased demand for larger departments .

The record price for a Manhattan residence he got Sandy Weill , the chairman of Citibank, by his department in February 2012 . It paid u $ s 88 million.

It is believed that two penthouses of skyscrapers One57 could exceed this value when ready next year. And the tower units Extell Development are now valued at $ 90 million s . A group led by billionaire Bill Ackman , and would have bought one of these departments , according to people close to the transaction.

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