Named the most expensive street in the world, and it is located in New York
'17.12.2019'
Source: nypost.com
The most expensive in the world is 57th Street in Manhattan. Here is a handful of luxurious buildings built in the last decade. About this with reference to recent studies, the publication writes. New York Post.
A new report by Douglas Elliman and Knight Frank calculated the number of homes sold for prices starting at $ 25 million since 2015. Thanks to this, Midtown Corridor has 41 such buildings.
According to the source, this is just one of the four New York streets in the top ten most expensive streets in the world. So, over the past five years, property sales in Central Park South, Park Avenue and Fifth Avenue have also grown by more than $ 25 million.
New York is followed by such cities with the most expensive streets in the world (descending):
In Hong Kong - Mount Nicholson Road; in London, it is Grosvenor Square; in Malibu, California, on the Pacific Coast Highway; in Florida - Palm Beach.
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A total of 41 transactions on 57th Street, where the new One57, 432 Park Ave., 111 W. 57th St. towers are located and Central Park Tower, cost an average of $ 38,5 million, the source said.
One of the deals that brought 57th Street to first place was the purchase of hedge fund manager Bill Akman in 2015 of One57 duplex for $ 91,5 million at 157 W. 57th St.
In third place were houses near Central Park South, whose sales amounted to $ 32 million. The most noteworthy is the deal of the head of the Citadel Ken Griffin for $ 238 million - this is an apartment with an area of more than 7000 square meters. m at the exclusive 220 Central Park South. The deal, which ended in early 2019, not only broke the price record for the most expensive real estate ever sold in New York, but also got ahead of the other most expensive homes ever bought in the United States.
Although between 2015 and 2019, Central Park South's sales were nine times lower than the $ 25 million mark than on 57th Street, the average transaction price here was higher at $ 44,9 million.
Park and Fifth Avenue respectively occupy fourth and seventh places in the list, the newspaper notes.
Park Avenue had 20 sales above $ 25 million, with an average sale price of $ 43 million, while Fifth Avenue had 10 deals with an average sale price of $ 55,7 million.
Like New York, Hong Kong was in the top three in the top ten. Mount Nicholson Road came in second with 35 sales in excess of at least $ 25 million and the highest average selling price of all the streets: $ 81,8 million.
