Big Ticket: Glass Aerie At A Record $50.9 Million

The New York Times – A stunning glass-sheathed penthouse at the pinnacle of Chelsea’s Walker Tower, the 1929 Art Deco skyscraper that underwent a ballyhooed conversion from iconic office building to 47 luxury condominiums, sold for $50,912,500 and was the most expensive sale of the week, according to city records. The asking price was $55 million; monthly carrying costs are $9,361.81.Vickey Barron of Douglas Elliman Real Estate, the sales agent for Walker
Tower, handled the sale for the sponsors, the JDS Development Group and
the Property Markets Group, and also represented the anonymous buyer,
who used a limited-liability company of limited verbal whimsy, 212 West
18th Street. “I feel like I blinked and it sold,” Ms. Barron said. “This
was a man who knew what he wanted and had the money to pay for it.”

Read the full article here: http://cityroom.blogs.nytimes.com/2014/01/31/big-…

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