Surprise: It ain’t cheap. But your neighbours will include the likes of musician Sting, hedge fund managers and other wealthy types
Here’s what to know about New York’s priciest neighbourhood.
What is Billionaires’ Row?
It’s not even a new term. The Boston Evening Transcript of Dec. 22, 1902, reported: “I. Townsend Burden of New York will build a costly mansion one block north of Andrew Carnegie’s house in Billionaire Row, New York. It will front on the south side of Ninety-Second street, near Perry Belmont’s four valuable lots of vacant land.” Note the singular “Billionaire” and the location, midway along Central Park.
Where is Billionaires’ Row today?
When did it spring up?
Who lives there?
Michael Dell: The founder of Dell Inc. bought a penthouse at One57 for US$100.47 million in 2014.
Bill Ackman: The billionaire hedge fund manager owns an apartment at One57, which he purchased for about US$91.5 million.
Leonard Blavatnik: The Ukrainian-American billionaire bought a penthouse at 432 Park Avenue for an estimated US$77.1 million.
How much does it cost to live there?
The website has over a hundred listings for properties including at Central Park Tower (tallest residential building in the world), 111 West 57 (the skinniest skyscraper in the world, just 60 feet wide and 1,428 feet tall) and 432 Park Avenue, whose claim to fame is that it is “the only building in NYC inspired by the perfect square,” with 10-foot-by-10-foot windows throughout.
What’s it like to live there?
“I can almost see the curvature of the earth up here,” he enthuses, hanging out on the balcony and looking out over Central Park and also “at trillions of dollars in real estate.” He boasts about the “complete and utter privacy” to be had at such an altitude. It’s still New York, however; at the end of his video he is briefly drowned out by a blast of car horns from the street, hundreds of feet below.
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