CORE - Another Record at One Museum Mile

Real Estate WeeklyDecember 26, 2013
One Museum Mile, the new residential condominium at 1280 Fifth Avenue on Central Park in Manhattan, has reached 90 percent closed and in contract.

The development has closed 33 sales in the past six months totaling more than $65 million, announced CORE, the exclusive sales and marketing firm for the building.

Recent sales include a three-bedroom that closed for $3.745 million or $2,133 psf, the highest price per square foot ever achieved for an apartment in the neighborhood.

The sale broke the previous record held by another three-bedroom apartment at One Museum Mile, which sold for $2,030 psf.

“This milestone is as much a testament to this exquisite Robert A.M. Stern building as it is to the transformation of perception. At the top of Central Park, this is one of the most beautiful neighborhoods in the city,” said Tom Postilio, CORE’s director of sales for One Museum Mile.

“We have again toppled our previous record pricing. This neighborhood is not emerging — it is blossoming.”

Among the remaining units are a one-bedroom, 1,200 s/f unit with private terrace offered at $1.395 million. Two-bedrooms with Central Park views start at $1.725 million, and three-bedroom homes start at $1.895 million.