One57 Demand and competition in the NYC luxury condominium market continues to increase as desirable new construction is snatched up faster than it can be built.

New York Daily News reports that Edson Bueno, a Brazilian billionaire, is the buyer behind a $53 million unit at Extell’s One57 — one of a number of exclusive developments on 57th Street’s “Billionaire’s Row.”

Bueno is a healthcare mogul and the largest investor in the Minnesota-based health industry giant United Health Group. He joins fellow three comma club member, Marcel Telles, as another Brazilian real estate buyer in Midtown. Telles recently bought a $30 million home at 15 Central Park West.

The purchase of the 80th floor residence was previously a mystery to the public, as paperwork was routed through a corporation. According to the New York Daily News, One57 unit is the ninth most expensive home sold in New York on record.

Pritzker Prize-winning architect Christian de Portzamparc led the team that designed the 90-storey One57. Despite rising 1,005 feet over Midtown, the One57 is only the 10th tallest condo tower in our list of proposed, under construction and recently completed residential buildings.

If Bueno is looking for another super-tall Billionaire’s Row investment, he may want to check out 111 West 57th (at 1,421 feet) or 432 Park Avenue (at 1,397 feet).

Developments featured in this article

More Like This

Facebook Chatter