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NYC’s One57 Sells One Condo in Quarter as Luxury Slows

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A single apartment at Manhattan’s One57 was sold in the third quarter, leaving about 25 percent of the ultra-luxury tower’s units without buyers more than three years after they reached the market.

Twenty-four of the building’s 94 condominiums were unsold as of Sept. 30, according to a filing last week on the Tel Aviv Stock Exchange, where builder Extell Development Co. sells debt to investors. The most recent contract was only the third this year at One57, where sales have slowed as the tower faces competition from other projects planned nearby.