PERFECT HOMES MAGAZINE ( Editor Stan Israel) ( Editor Stan Israel) | Page 113

Those
Zecekendorf
brothers sure
do love
their star
architects.

Despite its issues, Turtle Bay hasn’t totally
been passed over by builders. In 2001,
Donald Trump completed his Trump World
Tower, a condo that stands a block away
at 845 First Avenue. Derek Jeter, among
other celebrities, has lived there.
Already, the building, which at 72 stories
is taller than 50 UN, is benefiting from the
excitement about its neighbor’s arrival,
says Ali Jafri, a broker with Douglas
Elliman who sells there. A 12th-floor onebedroom listed in early September at
$1.595 million, or $1,818 a square foot, is
currently closing, amid renovations, and at
its asking price, which suggests the area’s
market has strength, he says.
Ranging from one to 14 bedrooms (in the
triplex penthouse), the building’s 88 units
seem priced below their other projects,

though high for the area. Indeed, the
smallest two-bedroom, at about 1,130
square feet, will start at $2.5 million, or
about $2,200 per square foot, but the The
Zeckendorfs will ask $100 million for the
top penthouse The 15,597-square-foot
triplex at the Norman Foster-designed
building with 14 bedrooms and 13 full
bathrooms. The apartment also boasts
1,500 square feet of outdoor space and
a 10,000-pound stainless steel staircase
leading to an infinity pool.
But according to a project spokesman.
That per-foot rate comes in fairly lower
than at other Zeckendorf efforts, like
18 Gramercy: Of the six units that had
closed there since June, for instance,
prices averaged nearly $4,500 a square
foot, according to StreetEasy, a real
estate website.
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