Real Estate

Manhattan apartment seller takes $12 million loss on One57 condo

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One57 building in the skyline of New York City as seen from the Rockefeller Center Observation Deck.

Roberto Machado Noa | LightRocket | Getty Images

The seller of a luxury condo apartment on Manhattan’s Billionaires’ Row took a loss of at least $12 million to offload the property, according to public filings.

The 4,500-square-foot condo at 157 W. 57th St., or One57, went into contract last week after being listed for $22.5 million, according the Olshan Luxury Market Report, which tracks Manhattan sales contracts. The purchase price is unknown, and brokers declined to comment on price or the identity of the buyers or sellers.

The apartment was purchased by the seller in 2014, at the peak of…



Source cnbc.com

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