450 West 31st Street, New York, NY 10001 Phone: 212-260-1332
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. click hereOk, Got it
Privacy & Cookies Policy
Privacy Overview
This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
One57 Buyer Trades Up For $5.2M Net therealdeal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from therealdeal.com Daily Mail and Mail on Sunday newspapers.
Share via Shortlink
A photo illustration of the Belnord at 225 West 86th Street and HFZ CEO Ziel Feldman (Getty; iStock/Illustration by Kevin Rebong for The Real Deal)
On its website, HFZ Capital Group touted plans to usher the historic Belnord rental building on the Upper West Side “into a grand new era.”
But the developer’s descent into its own new era one defined by huge debt, scores of lawsuits and the loss of several properties means the Belnord condo conversion will go ahead with HFZ effectively benched.
A spokesperson for Westbrook Partners, HFZ’s partner on the project, confirmed to
The condo at One57 on Billionaires’ Row has been on and off the market for years with an asking price of $27.1 million. A Delaware-based limited liability company, Villa Borghese, agreed to buy the three-bedroom apartment in June at a 32 percent discount. The unit closed for $18.4 million in early December.
Extell’s spokesperson admitted “that pricing was set in a different world,” but noted that since news of the Covid-19 vaccine was announced, buyers have been out in force and the developer says it’s willing to meet them where they are.
Davies, known best for bringing the game show “Who Wants to be a Millionaire?” to American audiences, apparently agrees. The British producer listed his five-bedroom home for just under $15 million in September 2019. After more than a year on the market, it went into contract this October for $11.4 million, or 25 percent less than its original ask.