Michael Dell, the founder of Dell Computers was revealed as the buyer of the most expensive Manhattan residential apartment which he purchased in 2014. The condo at 157 West 57th street on Billionaire’s Row is an 11,000 sqft duplex penthouse that cost him $100.47 million. The building has seen its ups and downs and recent values have not supported the price per square foot that was attained back in 2014. In 2014, there was little competition for the One57 but in the last few years the super luxury market has become a buyer’s market as inventory has risen and days on the market has exceeded at times 2 years!
The Author- Brian Silvestry , a licensed real estate broker, has been selling residential and commercial real estate since 1999. He has sold in every Manhattan market from Battery Park City to Washington Heights.