A 3-Bedroom Condo in One57 Just Sold for Nearly Half Its Original Asking Price

One57 properties might be on sale. Photo: Roberto Machado Noa/LightRocket via Getty Images

A Chinese billionaire got quite the bargain on a One57 condo, paying a cool $23.5 million for a 4,500-square-foot, three-bedroom condo with “panoramic views of Central Park,” which was originally listed at roughly $41 million in 2014.

The Wall Street Journal reported the sale of the condo to Liu Yiqian, an investor and notable art collector, who plans to use it as a pied-à-terre. Yiqian’s bargain is courtesy of a little softening in Manhattan’s luxury market in recent months. One57, whose $100.5 million penthouse broke a New York City sales record, still has 94 of its original units for sale, says the Journal.

Yiqian’s condo originally sold for $31.7 million. The first buyer — whose identity is shielded by Escape From New York LLC — purchased it from One57’s builders. That owner never moved in, and quickly put it back on the market because circumstances changed, and also, it was “too small.”

Condo in One57 Sells for Nearly Half Its Original Price