THE NEW YORK "BRIC BUYER": IS BRIC THE NEW EURO?


Posted by Leonard Steinberg on January 12th, 2012

To-day revealed that a single Chinese buyer has gone to contract on FOUR apartments at One 57, the Extell developed tower rising on 57th Street between 6th and 7th Avenues with average pricing starting in the $ 5,000/sf range. Another Russian buyer was also identified.  These BRIC buyers may make this building the BRIC TOWER of New York, the kind of building that attracts foreign buyers wanting a spectacular views apartment in an A-grade full services high security building.