USA: AOL TIME WARNER BUILDING BECOMES THE MOST EXPENSIVE APARTMENT IN NEW YORK AT 45 MILLION DOLLARDS

Record ID: 208423

  • Title: USA: AOL TIME WARNER BUILDING BECOMES THE MOST EXPENSIVE APARTMENT IN NEW YORK AT 45 MILLION DOLLARDS
  • Date: 11th July 2003
  • Summary: (U1) NEW YORK CITY, NEW YORK, UNITED STATES (JULY 11, 2003) (REUTERS) 1. WIDE/ PAN OF AOL TIME WARNER BUILDING UNDER CONSTRUCTION 0.06 2. CLOSE OF COLUMBUS CIRCLE STREET SIGN 0.09 3. WIDE OF AOL TIME WARNER BUILDING UNDER CONSTRUCTION 0.15 4. VARIOUS, OF RICHARD WALGREN, SUNSHINE GROUP BROKERS, LOOKING AT BUILDING MODEL (2 SHOTS) 0.24 5. SCU (SOUNDBITE) (English) WALGREN SAYING: "We are thrilled about the history that's been made this week, we believe it is the largest single residential transaction in New York's history and perhaps in the United States history, it is approximately 45 million dollar transaction and what's fascinating about it is that this is not a finished apartment, this is really an empty canvas." 0.45 6. VARIOUS, MODEL OF BUILDING AND SURROUNDING AREA 0.57 7. VARIOIUS, MODEL OF FLOOR SPACE, WITH ARCHITECT PROPOSED LAYOUT 1.03 8. VARIOUS, OF DRAWING OF FLOOR SPACE AND ARCHITECT PROPOSED LAYOUT 1.12 9. SCU (SOUNDBITE) (English) WALGREN SAYING: "Because of privacy - we like to think of ourselves as Swiss bankers, we protect confidentiality of our purchasers, as the press has reported the purchaser is a British resident and really that is all I can say." 1.28 10. VARIOUS, BUILDING MODEL LIGHTING UP 1.37 11. CLOSE OF ARTIST'S CONCEPTION OF ONE OF THE ROOMS 1.45 12. WIDE OF AOL TIME WARNER BUILDING TOWERS 1.50 13. PULLOUT OF COLUMBUS CIRCLE SIGN WITH BUILDING IN BACKGROUND 1.56 Initials Script is copyright Reuters Limited. All rights reserved
  • Embargoed: 26th July 2003 13:00
  • Keywords:
  • Location: NEW YORK CITY, NEW YORK, UNITED STATES
  • City:
  • Country: USA
  • Reuters ID: LVADOLI8BV8UHJRB7JJUIT748I0C
  • Story Text: The most expensive apartment in New York history has
    just been sold for a huge $45 million - and the Central Park
    building hasn't even been completed yet.



    The most expensive apartment in the history of New
    York real estate is on the 76th floor of the new AOL Time
    Warner building - an imposing two tower glass structure on the
    southwest corner of scenic Central Park.

    The 76th floor apartment has just been sold for a
    whopping $45 million - and it is not even ready yet.

    The 80 floor structure is still under construction and
    won't be finished for another few months. Then the purchaser
    will have to spend at least another $10 million designing the
    interior of the 12,500 square foot of space.

    "We are thrilled about the history that's been made
    this week, we believe it is the largest single residential
    transaction in New York's history" said Richard Walgren, a
    broker with the Sunshine Group which handled the sale, adding
    "it is approximately 45 million dollar transaction and what's
    fascinating about it is that this is not a finished apartment,
    this is really an empty canvas."
    The full floor 76th story apartment will be combined
    with a 3,600 square space on the 77th floor to create several
    double height rooms. It will have it's own terrace and 360
    degree views of Central Park and midtown Manhattan.

    The Sunshine Group commissioned several architects to
    dream up potential designs, but the purchaser has yet to make
    a decision.

    It's a big secret as to who has made New York real
    estate history. All brokers will say is that he is a publicity
    shy British financier.

    Walgren said, "Because of privacy - we like to think of
    ourselves as Swiss bankers, we protect confidentiality of our
    purchasers, as the press has reported the purchaser is a
    British resident and really that is all I can say."
    This week's deal breaks the previous record by $8 million,
    when three years ago a 17,000 square foot Park Avenue
    apartment was sold for $37 million.


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