The property is situated in Manhattan's Central Park Tower, which is the world's tallest residential building at 1,550ft. Photo: Extell / Instagram
The property is situated in Manhattan's Central Park Tower, which is the world's tallest residential building at 1,550ft. Photo: Extell / Instagram
The property is situated in Manhattan's Central Park Tower, which is the world's tallest residential building at 1,550ft. Photo: Extell / Instagram
The property is situated in Manhattan's Central Park Tower, which is the world's tallest residential building at 1,550ft. Photo: Extell / Instagram

Business

Property

$250m New York apartment hits the market as most expensive in the US

It is set in Central Park Tower, which is the world's tallest residential building

Ian Oxborrow
Ian Oxborrow

September 19, 2022

  • English
  • Arabic

An apartment in New York has been listed on the market at $250 million, making it the most expensive in the US currently. It will set a record if it sells at that price.

The property is situated in Manhattan's Central Park Tower, which is the world's tallest residential building at 1,550 feet tall.

It might be some way short of Dubai's Burj Khalifa at 2,722ft, but the world's tallest building is more than only residential with a hotel and offices included.

The triplex penthouse spans the 129th to 131st floor and has more than 17,500 square feet of indoor space and a terrace providing more than 1,400 square feet of outdoor space.

"Transcending the concept of a trophy property into a league of its own, with the Earth’s curvature visible to the naked eye from the 131st floor," developer Extell said in an Instagram post.

"Gary Barnett, the founder and chairman of Extell, emphasised that the building’s height makes the penthouse 'unique in the world'. How many things can you really say that about?”

Central Park Tower looms over Central Park in Manhattan. Photo: Extell / Instagram
Central Park Tower looms over Central Park in Manhattan. Photo: Extell / Instagram

The tower is on 217 West 57th Street on what is known as Billionaires' Row. It has seven bedrooms, 11 bathrooms and 27-foot high ceilings.

It was designed by architect Adrian Smith + Gordon Gill Architecture and has 179 units.

The apartment is being listed by Ryan Serhant of the Serhant brokerage. “It’s a new paradigm now. The uber-wealthy are looking for places to diversify assets, and real estate has become one of the most popular and sought after mega-assets. The levels have exploded," he told The Wall Street Journal.

New York was among the best-performing prime residential markets in the world in the first half of the year, Savills said.

The Central Park Tower triplex has extremely high ceilings allowing for fabulous views across the city. Photo: Extell / Instagram
The Central Park Tower triplex has extremely high ceilings allowing for fabulous views across the city. Photo: Extell / Instagram

The city recorded capital value growth of more than 4 per cent in the six-month period. However, it was behind other US cities such as San Francisco, Los Angeles and Miami, which had a world-leading growth of 12.5 per cent.

"San Francisco and Los Angeles prime capital values have surpassed their pre-pandemic price levels, while New York City is yet to reach its 2017 peak," Savills said.

Property rents, meanwhile, soared to record levels in the city during the summer amid record-high inflation.

The median one-bedroom rent throughout the city was up by nearly 40 per cent on the year in August, the Zumper National Rent Report found, while the two-bedroom median was up by about 47 per cent.

_______________________________

Megaprojects: 10 tallest buildings in North America

875 NORTH MICHIGAN AVENUE, CHICAGO, 343 metres: Formally the John Hancock Building, back in 1968 this was the second tallest building in the world. A major tourist attraction with an open air sky deck and a 95th floor restaurant, it will lose its American top ten place with the opening of Chicago’s 365m Vista Tower later this year, incidentally the world's tallest building designed by a woman, Jeanne Gang
875 NORTH MICHIGAN AVENUE, CHICAGO, 343 metres: Formally the John Hancock Building, back in 1968 this was the second tallest building in the world. A major tourist attraction with an open air sky deck and a 95th floor restaurant, it will lose its American top ten place with the opening of Chicago’s 365m Vista Tower later this year, incidentally the world's tallest building designed by a woman, Jeanne Gang
AON CENTRE, CHICAGO, 346 metres: Back in 1973 this was once the world’s tallest marble clad building until a rethink caused by a huge slab falling off. Eventually re-clad in the 1990s, it was originally named after Standard Oil until it was bought by the Aon Corporation in 1999
AON CENTRE, CHICAGO, 346 metres: Back in 1973 this was once the world’s tallest marble clad building until a rethink caused by a huge slab falling off. Eventually re-clad in the 1990s, it was originally named after Standard Oil until it was bought by the Aon Corporation in 1999
BANK OF AMERICA TOWER, NEW YORK, 365 metres: So environmentally friendly that it includes bee hives on its rooftop and rainwater collection, this is also one of New York’s most valuable office buildings and was completed in 2009. AFP
BANK OF AMERICA TOWER, NEW YORK, 365 metres: So environmentally friendly that it includes bee hives on its rooftop and rainwater collection, this is also one of New York’s most valuable office buildings and was completed in 2009. AFP
EMPIRE STATE BUILDING, NEW YORK, 381m: It may no longer be the tallest building in the world, or even in New York, but the old lady is still a class act. Completed at breathtaking speed in barely a year by 1931, this American icon is instantly recognisable everywhere. It has featured in dozens of films, including 'Sleepless in Seattle', 'Independence Day', and of course, that incident with the giant gorilla. AP
EMPIRE STATE BUILDING, NEW YORK, 381m: It may no longer be the tallest building in the world, or even in New York, but the old lady is still a class act. Completed at breathtaking speed in barely a year by 1931, this American icon is instantly recognisable everywhere. It has featured in dozens of films, including 'Sleepless in Seattle', 'Independence Day', and of course, that incident with the giant gorilla. AP
30 HUDSON YARDS, NEW YORK, 387 metres: Opened in 2019 on the site of a subway train storage facility, New York’s fourth tallest building also includes the second highest observation deck in the western hemisphere after Toronto’s 553m CN Tower, which is classified as a tower rather than a building. AFP
30 HUDSON YARDS, NEW YORK, 387 metres: Opened in 2019 on the site of a subway train storage facility, New York’s fourth tallest building also includes the second highest observation deck in the western hemisphere after Toronto’s 553m CN Tower, which is classified as a tower rather than a building. AFP
TRUMP INTERNATIONAL HOTEL AND TOWER, CHICAGO, 423 metres: It was inevitable that any top ten list would eventually see the president of the United States muscle his way in. Construction was overseen by Bill Rancic, his prize for winning the first series of The Apprentice in 2004. AFP
TRUMP INTERNATIONAL HOTEL AND TOWER, CHICAGO, 423 metres: It was inevitable that any top ten list would eventually see the president of the United States muscle his way in. Construction was overseen by Bill Rancic, his prize for winning the first series of The Apprentice in 2004. AFP
432 PARK AVENUE, NEW YORK, 425 metres: A residential building on what is sometimes called “billionaires’ row”, and with prices of its 125 condominiums to match its height. The floor space is actually taller than One World Trade Centre. Complete with a private restaurant for residents, it was completed in December 2015. AFP
432 PARK AVENUE, NEW YORK, 425 metres: A residential building on what is sometimes called “billionaires’ row”, and with prices of its 125 condominiums to match its height. The floor space is actually taller than One World Trade Centre. Complete with a private restaurant for residents, it was completed in December 2015. AFP
ONE VANDERBUILT, NEW YORK, 427 metres: This stands next to the famous Grand Central Station in Manhattan. Completion was delayed for a month by Covid-19, with New York’s latest landmark including an observation deck and restaurant by top chef Daniel Boulud. AFP
ONE VANDERBUILT, NEW YORK, 427 metres: This stands next to the famous Grand Central Station in Manhattan. Completion was delayed for a month by Covid-19, with New York’s latest landmark including an observation deck and restaurant by top chef Daniel Boulud. AFP
WILLIS TOWER, CHICAGO, 442 metres: Until 2009, this was the Sears Tower, and the last building in America to hold the title of world’s tallest. Completed in 1973, it is now the 23rd tallest in the world. The main tenant is American Airlines. AFP
WILLIS TOWER, CHICAGO, 442 metres: Until 2009, this was the Sears Tower, and the last building in America to hold the title of world’s tallest. Completed in 1973, it is now the 23rd tallest in the world. The main tenant is American Airlines. AFP
ONE WORLD TRADE CENTRE, NEW YORK, 541 metres: Rising literally from the ashes of the World Trade Centre, this is North America’s tallest building and the only one to make it into the global top ten. A fierce debate raged over what would replace the twin towers destroyed on September 11, 2001, and this patriotic structure at 1776 feet was the eventual winner. AFP
ONE WORLD TRADE CENTRE, NEW YORK, 541 metres: Rising literally from the ashes of the World Trade Centre, this is North America’s tallest building and the only one to make it into the global top ten. A fierce debate raged over what would replace the twin towers destroyed on September 11, 2001, and this patriotic structure at 1776 feet was the eventual winner. AFP
If you go

 

  • The nearest international airport to the start of the Chuysky Trakt is in Novosibirsk. Emirates (www.emirates.com) offer codeshare flights with S7 Airlines (www.s7.ru) via Moscow for US$5,300 (Dh19,467) return including taxes. Cheaper flights are available on Flydubai and Air Astana or Aeroflot combination, flying via Astana in Kazakhstan or Moscow. Economy class tickets are available for US$650 (Dh2,400).
  • The Double Tree by Hilton in Novosibirsk ( 7 383 2230100,) has double rooms from US$60 (Dh220). You can rent cabins at camp grounds or rooms in guesthouses in the towns for around US$25 (Dh90).
  • The transport Minibuses run along the Chuysky Trakt but if you want to stop for sightseeing, hire a taxi from Gorno-Altaisk for about US$100 (Dh360) a day. Take a Russian phrasebook or download a translation app. Tour companies such as  Altair-Tour ( 7 383 2125115 ) offer hiking and adventure packages.
In numbers: China in Dubai

The number of Chinese people living in Dubai: An estimated 200,000

Number of Chinese people in International City: Almost 50,000

Daily visitors to Dragon Mart in 2018/19: 120,000

Daily visitors to Dragon Mart in 2010: 20,000

Percentage increase in visitors in eight years: 500 per cent

Yuki Means Happiness
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While you're here
South Africa v India schedule

Tests: 1st Test Jan 5-9, Cape Town; 2nd Test Jan 13-17, Centurion; 3rd Test Jan 24-28, Johannesburg

ODIs: 1st ODI Feb 1, Durban; 2nd ODI Feb 4, Centurion; 3rd ODI Feb 7, Cape Town; 4th ODI Feb 10, Johannesburg; 5th ODI Feb 13, Port Elizabeth; 6th ODI Feb 16, Centurion

T20Is: 1st T20I Feb 18, Johannesburg; 2nd T20I Feb 21, Centurion; 3rd T20I Feb 24, Cape Town

Indoor Cricket World Cup

Venue Insportz, Dubai, September 16-23

UAE squad Saqib Nazir (captain), Aaqib Malik, Fahad Al Hashmi, Isuru Umesh, Nadir Hussain, Sachin Talwar, Nashwan Nasir, Prashath Kumara, Ramveer Rai, Sameer Nayyak, Umar Shah, Vikrant Shetty

SAUDI RESULTS

Team Team Pederson (-40), Team Kyriacou (-39), Team De Roey (-39), Team Mehmet (-37), Team Pace (-36), Team Dimmock (-33)

Individual E. Pederson (-14), S. Kyriacou (-12), A van Dam (-12), L. Galmes (-12), C. Hull (-9), E. Givens (-8),

G. Hall (-8), Ursula Wikstrom (-7), Johanna Gustavsson (-7)

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On Women's Day
Results

5pm: Wathba Stallions Cup Maiden (PA) Dh 70,000 (Dirt) 1,000m, Winner: Hazeem Al Raed, Antonio Fresu (jockey), Ahmed Al Shemaili (trainer)

5.30pm: Handicap (PA) Dh 85,000 (D) 1,000m, Winner: Ghazwan Al Khalediah, Hugo Lebouc, Helal Al Alawi

6pm: Maiden (PA) Dh 70,000 (D) 1,400m, Winner: Dinar Al Khalediah, Patrick Cosgrave, Helal Al Alawi.

6.30pm: Handicap (TB) Dh 70,000 (D) 1,600m, Winner: Faith And Fortune, Sandro Paiva, Ali Rashid Al Raihe.

7pm: Maiden (PA) Dh 70,000 (D) 1,600m, Winner: Only Smoke, Bernardo Pinheiro, Abdallah Al Hammadi.

7.30pm: Handicap (PA) Dh 70,000 (D) 1,600m, Winner: AF Ramz, Saif Al Balushi, Khalifa Al Neyadi.

8pm: Maiden (PA) Dh 70,000 (D) 2,000m, Winner: AF Mass, Tadhg O’Shea, Ernst Oertel.

SERIE A FIXTURES

Saturday Spezia v Lazio (6pm), Juventus v Torino (9pm), Inter Milan v Bologna (7.45pm)

Sunday Verona v Cagliari (3.30pm), Parma v Benevento, AS Roma v Sassuolo, Udinese v Atalanta (all 6pm), Crotone v Napoli (9pm), Sampdoria v AC Milan (11.45pm)

Monday Fiorentina v Genoa (11.45pm)

On Women's Day
Indika
%3Cp%3E%3Cstrong%3EDeveloper%3A%3C%2Fstrong%3E%2011%20Bit%20Studios%3Cbr%3E%3Cstrong%3EPublisher%3A%3C%2Fstrong%3E%20Odd%20Meter%3Cbr%3E%3Cstrong%3EConsole%3A%3C%2Fstrong%3E%20PlayStation%205%2C%20PC%20and%20Xbox%20series%20X%2FS%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A

Day 1 results:

Open Men (bonus points in brackets)
New Zealand 125 (1) beat UAE 111 (3)
India 111 (4) beat Singapore 75 (0)
South Africa 66 (2) beat Sri Lanka 57 (2)
Australia 126 (4) beat Malaysia -16 (0)

Open Women
New Zealand 64 (2) beat South Africa 57 (2)
England 69 (3) beat UAE 63 (1)
Australia 124 (4) beat UAE 23 (0)
New Zealand 74 (2) beat England 55 (2)

Brief scores

Toss India, chose to bat

India 281-7 in 50 ov (Pandya 83, Dhoni 79; Coulter-Nile 3-44)

Australia 137-9 in 21 ov (Maxwell 39, Warner 25; Chahal 3-30)

India won by 26 runs on Duckworth-Lewis Method

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Haircare resolutions 2021

From Beirut and Amman to London and now Dubai, hairstylist George Massoud has seen the same mistakes made by customers all over the world. In the chair or at-home hair care, here are the resolutions he wishes his customers would make for the year ahead.

1. 'I will seek consultation from professionals'

You may know what you want, but are you sure it’s going to suit you? Haircare professionals can tell you what will work best with your skin tone, hair texture and lifestyle.

2. 'I will tell my hairdresser when I’m not happy'

Massoud says it’s better to offer constructive criticism to work on in the future. Your hairdresser will learn, and you may discover how to communicate exactly what you want more effectively the next time.

3. ‘I will treat my hair better out of the chair’

Damage control is a big part of most hairstylists’ work right now, but it can be avoided. Steer clear of over-colouring at home, try and pursue one hair brand at a time and never, ever use a straightener on still drying hair, pleads Massoud.

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Who has lived at The Bishops Avenue?
  • George Sainsbury of the supermarket dynasty, sugar magnate William Park Lyle and actress Dame Gracie Fields were residents in the 1930s when the street was only known as ‘Millionaires’ Row’.
  • Then came the international super rich, including the last king of Greece, Constantine II, the Sultan of Brunei and Indian steel magnate Lakshmi Mittal who was at one point ranked the third richest person in the world.
  • Turkish tycoon Halis Torprak sold his mansion for £50m in 2008 after spending just two days there. The House of Saud sold 10 properties on the road in 2013 for almost £80m.
  • Other residents have included Iraqi businessman Nemir Kirdar, singer Ariana Grande, holiday camp impresario Sir Billy Butlin, businessman Asil Nadir, Paul McCartney’s former wife Heather Mills. 
Hunting park to luxury living
  • Land was originally the Bishop of London's hunting park, hence the name
  • The road was laid out in the mid 19th Century, meandering through woodland and farmland
  • Its earliest houses at the turn of the 20th Century were substantial detached properties with extensive grounds

 

While you're here
Whiile you're here
The Vile

Starring: Bdoor Mohammad, Jasem Alkharraz, Iman Tarik, Sarah Taibah

Director: Majid Al Ansari

Rating: 4/5

UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

SPEC%20SHEET%3A%20NOTHING%20PHONE%20(2)
%3Cp%3E%3Cstrong%3EDisplay%3A%3C%2Fstrong%3E%206.7%E2%80%9D%20LPTO%20Amoled%2C%202412%20x%201080%2C%20394ppi%2C%20HDR10%2B%2C%20Corning%20Gorilla%20Glass%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EProcessor%3A%3C%2Fstrong%3E%20Qualcomm%20Snapdragon%208%2B%20Gen%202%2C%20octa-core%3B%20Adreno%20730%20GPU%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMemory%3A%3C%2Fstrong%3E%208%2F12GB%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ECapacity%3A%3C%2Fstrong%3E%20128%2F256%2F512GB%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPlatform%3A%3C%2Fstrong%3E%20Android%2013%2C%20Nothing%20OS%202%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMain%20camera%3A%3C%2Fstrong%3E%20Dual%2050MP%20wide%2C%20f%2F1.9%20%2B%2050MP%20ultrawide%2C%20f%2F2.2%3B%20OIS%2C%20auto-focus%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMain%20camera%20video%3A%3C%2Fstrong%3E%204K%20%40%2030%2F60fps%2C%201080p%20%40%2030%2F60fps%3B%20live%20HDR%2C%20OIS%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFront%20camera%3A%3C%2Fstrong%3E%2032MP%20wide%2C%20f%2F2.5%2C%20HDR%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFront%20camera%20video%3A%3C%2Fstrong%3E%20Full-HD%20%40%2030fps%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBattery%3A%3C%2Fstrong%3E%204700mAh%3B%20full%20charge%20in%2055m%20w%2F%2045w%20charger%3B%20Qi%20wireless%2C%20dual%20charging%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EConnectivity%3A%3C%2Fstrong%3E%20Wi-Fi%2C%20Bluetooth%205.3%2C%20NFC%20(Google%20Pay)%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBiometrics%3A%3C%2Fstrong%3E%20Fingerprint%2C%20face%20unlock%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EI%2FO%3A%3C%2Fstrong%3E%20USB-C%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EDurability%3A%3C%2Fstrong%3E%20IP54%2C%20limited%20protection%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ECards%3A%3C%2Fstrong%3E%20Dual-nano%20SIM%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EColours%3A%3C%2Fstrong%3E%20Dark%20grey%2C%20white%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EIn%20the%20box%3A%3C%2Fstrong%3E%20Nothing%20Phone%20(2)%2C%20USB-C-to-USB-C%20cable%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPrice%20(UAE)%3A%3C%2Fstrong%3E%20Dh2%2C499%20(12GB%2F256GB)%20%2F%20Dh2%2C799%20(12GB%2F512GB)%3C%2Fp%3E%0A
RESULTS

1.45pm: Handicap (TB) Dh80,000 (Dirt) 1,400m
Winners: Hyde Park, Royston Ffrench (jockey), Salem bin Ghadayer (trainer)

2.15pm: Conditions (TB) Dh100,000 (D) 1,400m
Winner: Shamikh, Ryan Curatolo, Nicholas Bachalard

2.45pm: Conditions (TB) Dh100,000 (D) 1,200m
Winner: Hurry Up, Royston Ffrench, Salem bin Ghadayer.

3.15pm: Shadwell Jebel Ali Mile Group 3 (TB) Dh575,000 (D) 1,600m
Winner: Blown by Wind, Xavier Ziani, Salem bin Ghadayer

3.45pm: Handicap (TB) Dh72,000 (D) 1,600m
Winner: Mazagran, Tadhg O’Shea, Satish Seemar.

4.15pm: Handicap (TB) Dh64,000 (D) 1,950m
Winner: Obeyaan, Adrie de Vries, Mujeeb Rehman

4.45pm: Handicap (TB) Dh84,000 (D) 1,000m
Winner: Shanaghai City, Fabrice Veron, Rashed Bouresly.

Racecard

6pm: The Pointe - Conditions (TB) Dh82,500 (Turf) 1,400m

6.35pm: Palm West Beach - Maiden (TB) Dh82,500 (T) 1,800m

7.10pm: The View at the Palm - Handicap (TB) Dh85,000 (Dirt) 1,400m

7.45pm: Nakeel Graduate Stakes - Conditions (TB) Dh100,000 (T) 1,600m

8.20pm: Club Vista Mare - Handicap (TB) Dh95,000 (D) 1,900m

8.55pm: The Palm Fountain - Handicap (TB) Dh95,000 (D) 1,200m

9.30pm: The Palm Tower - Handicap (TB) Dh87,500 (T) 1,600m

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Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor

Power: 464hp at 5,200rpm

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Always use only regulated platforms

Stop all transactions and communication on suspicion

Save all evidence (screenshots, chat logs, transaction IDs)

Report to local authorities

Warn others to prevent further harm

Courtesy: Crystal Intelligence

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France has organised a delegation of leading businesses to travel to Syria. The group was led by French shipping giant CMA CGM, which struck a 30-year contract in May with the Syrian government to develop and run Latakia port. Also present were water and waste management company Suez, defence multinational Thales, and Ellipse Group, which is currently looking into rehabilitating Syrian hospitals.

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