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

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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

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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.

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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
The National in Davos

We are bringing you the inside story from the World Economic Forum's Annual Meeting in Davos, a gathering of hundreds of world leaders, top executives and billionaires.

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Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
  • Flexible payment plans from developers
  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates
On Women's Day
Killing of Qassem Suleimani
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While you're here
World Cup warm up matches

May 24 Pakistan v Afghanistan, Bristol; Sri Lanka v South Africa, Cardiff

May 25 England v Australia, Southampton; India v New Zealand, The Oval

May 26 South Africa v West Indies, Bristol; Pakistan v Bangladesh, Cardiff

May 27 Australia v Sri Lanka, Southampton; England v Afghanistan, The Oval

May 28 West Indies v New Zealand, Bristol; Bangladesh v India, Cardiff

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The specs

Engine: Dual 180kW and 300kW front and rear motors

Power: 480kW

Torque: 850Nm

Transmission: Single-speed automatic

Price: From Dh359,900 ($98,000)

On sale: Now

TUESDAY'S ORDER OF PLAY

Centre Court

Starting at 2pm:

Elina Svitolina (UKR) [3] v Jennifer Brady (USA)

Anastasia Pavlyuchenkova (RUS) v Belinda Bencic (SUI [4]

Not before 7pm:

Sofia Kenin (USA) [5] v Elena Rybakina (KAZ)

Maria Sakkari (GRE) v Aryna Sabalenka (BLR) [7]

 

Court One

Starting at midday:

Karolina Muchova (CZE) v Katerina Siniakova (CZE)

Kristina Mladenovic (FRA) v Aliaksandra Sasnovich (BLR)

Veronika Kudermetova (RUS) v Dayana Yastermska (UKR)

Petra Martic (CRO) [8] v Su-Wei Hsieh (TPE)

Sorana Cirstea (ROU) v Anett Kontaveit (EST)

Stage results

1. Julian Alaphilippe (FRA) Deceuninck-QuickStep  4:39:05

2. Michael Matthews (AUS) Team BikeExchange 0:00:08

3. Primoz Roglic (SLV) Jumbo-Visma same time 

4. Jack Haig (AUS) Bahrain Victorious s.t  

5. Wilco Kelderman (NED) Bora-Hansgrohe s.t  

6. Tadej Pogacar (SLV) UAE Team Emirates s.t 

7. David Gaudu (FRA) Groupama-FDJ s.t

8. Sergio Higuita Garcia (COL) EF Education-Nippo s.t     

9. Bauke Mollema (NED) Trek-Segafredo  s.t

10. Geraint Thomas (GBR) Ineos Grenadiers s.t

Countdown to Zero exhibition will show how disease can be beaten

Countdown to Zero: Defeating Disease, an international multimedia exhibition created by the American Museum of National History in collaboration with The Carter Center, will open in Abu Dhabi a  month before Reaching the Last Mile.

Opening on October 15 and running until November 15, the free exhibition opens at The Galleria mall on Al Maryah Island, and has already been seen at the Jimmy Carter Presidential Library and Museum in Atlanta, the American Museum of Natural History in New York, and the London School of Hygiene and Tropical Medicine.

 

The Sand Castle

Director: Matty Brown

Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea

Rating: 2.5/5

Batti Gul Meter Chalu

Producers: KRTI Productions, T-Series
Director: Sree Narayan Singh
Cast: Shahid Kapoor, Shraddha Kapoor, Divyenndu Sharma, Yami Gautam
Rating: 2/5

Company%C2%A0profile
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UAE currency
ESSENTIALS

The flights

Emirates flies from Dubai to Phnom Penh via Yangon from Dh2,700 return including taxes. Cambodia Bayon Airlines and Cambodia Angkor Air offer return flights from Phnom Penh to Siem Reap from Dh250 return including taxes. The flight takes about 45 minutes.

The hotels

Rooms at the Raffles Le Royal in Phnom Penh cost from $225 (Dh826) per night including taxes. Rooms at the Grand Hotel d'Angkor cost from $261 (Dh960) per night including taxes.

The tours

A cyclo architecture tour of Phnom Penh costs from $20 (Dh75) per person for about three hours, with Khmer Architecture Tours. Tailor-made tours of all of Cambodia, or sites like Angkor alone, can be arranged by About Asia Travel. Emirates Holidays also offers packages. 

Squid Game season two

Director: Hwang Dong-hyuk 

Stars:  Lee Jung-jae, Wi Ha-joon and Lee Byung-hun

Rating: 4.5/5

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Company name: baraka
Started: July 2020
Founders: Feras Jalbout and Kunal Taneja
Based: Dubai and Bahrain
Sector: FinTech
Initial investment: $150,000
Current staff: 12
Stage: Pre-seed capital raising of $1 million
Investors: Class 5 Global, FJ Labs, IMO Ventures, The Community Fund, VentureSouq, Fox Ventures, Dr Abdulla Elyas (private investment)

Ahmed Raza

UAE cricket captain

Age: 31

Born: Sharjah

Role: Left-arm spinner

One-day internationals: 31 matches, 35 wickets, average 31.4, economy rate 3.95

T20 internationals: 41 matches, 29 wickets, average 30.3, economy rate 6.28

What is the FNC?

The Federal National Council is one of five federal authorities established by the UAE constitution. It held its first session on December 2, 1972, a year to the day after Federation.
It has 40 members, eight of whom are women. The members represent the UAE population through each of the emirates. Abu Dhabi and Dubai have eight members each, Sharjah and Ras al Khaimah six, and Ajman, Fujairah and Umm Al Quwain have four.
They bring Emirati issues to the council for debate and put those concerns to ministers summoned for questioning. 
The FNC’s main functions include passing, amending or rejecting federal draft laws, discussing international treaties and agreements, and offering recommendations on general subjects raised during sessions.
Federal draft laws must first pass through the FNC for recommendations when members can amend the laws to suit the needs of citizens. The draft laws are then forwarded to the Cabinet for consideration and approval. 
Since 2006, half of the members have been elected by UAE citizens to serve four-year terms and the other half are appointed by the Ruler’s Courts of the seven emirates.
In the 2015 elections, 78 of the 252 candidates were women. Women also represented 48 per cent of all voters and 67 per cent of the voters were under the age of 40.
 

The Gentlemen

Director: Guy Ritchie

Stars: Colin Farrell, Hugh Grant 

Three out of five stars

Thank You for Banking with Us

Director: Laila Abbas

Starring: Yasmine Al Massri, Clara Khoury, Kamel El Basha, Ashraf Barhoum

Rating: 4/5

What's in the deal?

Agreement aims to boost trade by £25.5bn a year in the long run, compared with a total of £42.6bn in 2024

India will slash levies on medical devices, machinery, cosmetics, soft drinks and lamb.

India will also cut automotive tariffs to 10% under a quota from over 100% currently.

Indian employees in the UK will receive three years exemption from social security payments

India expects 99% of exports to benefit from zero duty, raising opportunities for textiles, marine products, footwear and jewellery

While you're here
Kareem Shaheen on Canada
if you go

Getting there

Etihad (Etihad.com), Emirates (emirates.com) and Air France (www.airfrance.com) fly to Paris’ Charles de Gaulle Airport, from Abu Dhabi and Dubai respectively. Return flights cost from around Dh3,785. It takes about 40 minutes to get from Paris to Compiègne by train, with return tickets costing €19. The Glade of the Armistice is 6.6km east of the railway station.

Staying there

On a handsome, tree-lined street near the Chateau’s park, La Parenthèse du Rond Royal (laparenthesedurondroyal.com) offers spacious b&b accommodation with thoughtful design touches. Lots of natural woods, old fashioned travelling trunks as decoration and multi-nozzle showers are part of the look, while there are free bikes for those who want to cycle to the glade. Prices start at €120 a night.

More information: musee-armistice-14-18.fr ; compiegne-tourisme.fr; uk.france.fr

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Tearful appearance

Chancellor Rachel Reeves set markets on edge as she appeared visibly distraught in parliament on Wednesday. 

Legislative setbacks for the government have blown a new hole in the budgetary calculations at a time when the deficit is stubbornly large and the economy is struggling to grow. 

She appeared with Keir Starmer on Thursday and the pair embraced, but he had failed to give her his backing as she cried a day earlier.

A spokesman said her upset demeanour was due to a personal matter.

Brief scoreline:

Manchester United 0

Manchester City 2

Bernardo Silva 54', Sane 66'

Updated: September 19, 2022, 8:55 AM`
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