TWC apartment sells for over $6,400/sf. Therefore, 225 W57th is needed to fill the high demand for mega-exclusive units!
From the realdeal.com on 7-7-11
Jay-Z's former Time Warner Center penthouse to set new building record
July 07, 2011 12:30PM
The 4,825-square-foot Time Warner Center penthouse once rented by Jay-Z has gone into contract for $31 million, according to the Post.
At over $6,400 per square foot, the deal would be the priciest ever at the Related Companies-developed condominium tower. The 76th-floor spread has tried for building records before; in 2010, current owner Todd Wagner, Mark Cuban's co-founder of Broadcast.com, put it on the market with the penthouse upstairs as a potential $73.5 million combination -- the most expensive listing in Manhattan. On its own, Wagner's apartment, which he bought from investor Michael Hirtenstein for $27 million in 2007, was last asking $38 million. The buyer is rumored to be an Asian financier. Raphael and Claudine De Niro of Prudential Douglas Elliman had the listing. [Post, 6th item]
http://therealdeal.com/newyork/artic...er-square-foot