We Can Thank Sandy Weill For The Price Hike On New York's New Most Expensive Apartment —To $110 Million

one57 extell

Photo: Extell Development

Move over, Ekaterina Ryoblovlev—there’s a new contender on the market for the most expensive apartment in New York City.At developer Extell’s under-construction behemoth One57, the price tag on the most expensive unit has just increased, from $98.5 million to $110 million, according to the Wall Street Journal.

The building, which will overlook Central Park, has not been completed and it’s already making headlines. What else would you expect from a property where the storage bins are selling for $200,000—more than the cost of a Mercedes?

So why the price hike for the building’s top unit?

It’s likely a result of the recent sale of Sandy Weill‘s penthouse at 15 Central Park West to the daughter of Russian billionaire Dmitry Ryoblovlev for $88 million, the full asking price, the WSJ’s Josh Barbanel writes, noting that the sale gave the high-end market a “jolt.”

If you’re curious what $110 gets you at One57, the apartment will sit on the top two floors of the 90-story building and have a double-height living room facing the park, according to the WSJ.

The price on the second-priciest unit in the building has also increased, to $105 million. That unit, also a duplex, will have an indoor “winter garden” and optional pool.

Now meet the guy who bought Sandy Weill’s apartment for his daughter >

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