Question 1

What is Billionaires' Row in New York City?

Accepted Answer

Billionaires' Row is the stretch of ultra-luxury residential skyscrapers along and near 57th Street in Midtown Manhattan, between Park Avenue and Columbus Circle. The corridor includes some of the tallest and most expensive residential buildings in the world: 220 Central Park South, Central Park Tower, 111 West 57th Street (Steinway Tower), 53 West 53 (MoMA Tower), One57, and 432 Park Avenue. Residences range from approximately $3 million to over $250 million.

Question 2

What are the most expensive condos on Billionaires' Row?

Accepted Answer

The most expensive residence sold on Billionaires' Row is Ken Griffin's $238 million purchase at 220 Central Park South. Other record sales include Joe Tsai's $188 million penthouse at 220 CPS, the $110 million penthouse at 111 West 57th Street, the $100.47 million sale to Michael Dell at One57, and penthouses at Central Park Tower listed above $100 million. Price per square foot on Billionaires' Row ranges from approximately $4,000 to over $10,000.

Question 3

Which Billionaires' Row building is the tallest?

Accepted Answer

Central Park Tower at 225 West 57th Street is the tallest residential building in the world at 1,550 feet with 98 stories. 432 Park Avenue stands at 1,396 feet, 111 West 57th Street (Steinway Tower) at 1,428 feet, 53 West 53 at 1,050 feet, and One57 at 1,005 feet. 220 Central Park South, while not a supertall, is considered the most prestigious address on the Row.

Question 4

Can foreign buyers purchase on Billionaires' Row?

Accepted Answer

Yes, foreign nationals can purchase condominiums on Billionaires' Row with no special visa or residency requirement. Many buyers structure purchases through LLCs or trusts for privacy and estate planning purposes. Several banks offer foreign national mortgage programs, though many ultra-luxury purchases on the Row are made in cash. Manhattan Miami specializes in guiding international buyers through the acquisition process.

Question 5

What are the monthly costs of owning on Billionaires' Row?

Accepted Answer

Monthly carrying costs on Billionaires' Row typically include common charges of $6 to $10 per square foot and real estate taxes of $3 to $8 per square foot, depending on the building and unit size. For a typical 4,000 SF residence, expect monthly costs of $30,000 to $60,000. Some buildings offer tax abatements that significantly reduce the tax portion for the first 10 to 15 years.

Question 6

How does Manhattan Miami help with Billionaires' Row purchases?

Accepted Answer

Manhattan Miami provides expert buyer representation for Billionaires' Row acquisitions at no cost to the buyer. Our team offers access to off-market inventory, market analysis and pricing intelligence, negotiation expertise, and coordination with attorneys, mortgage professionals, and developers. We are licensed in both New York and Florida and serve as trusted advisors to ultra-high-net-worth domestic and international buyers.

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