Britain’s most prominent luxury developer drops $ 45 million in a roof apartment of a billionaire

British real estate developer Christian Candy and his wife, Emily Crompton-Candy, are shaking their portfolio in New York with a movement from a historic home to one of Manhattan’s highest profile skyscrapers.

Coupleifti recently won a four -bedroom TRIPLEX at 111 W. 57th St. For nearly $ 45 million, they told people familiar with the Wall Street Journal transaction.

The unit was originally valued at $ 66 million in 2020, reflecting a deep discount between a wider tendency of luxury price corrections along the billionaire line.

Unit interior 111 W. 57th St .. Travis brand
Coupleifi bought the unit for about $ 45 million. Travis brand

Their new residence covers about 7,250 square meters and offers comprehensive views of the Central Park and the Statue of Liberty.

The house contains a 1,240 -square -foot loggia, a dining room, a media room and a fine dramatic room with 14 -legged ceilings and windows from the floor to the ceiling.

The interiors include smoke-gray oak floors, bronze appliances and a corner kitchen fitted with white quartzite counters.

Candy bought the unit with a significant discount from its $ 66 million ranking price in 2020. Travis brand
The pentouse includes 7,250 square meters. Travis brand

The deal ended just days after Candys placed their current residence-nearly 15,000 square meters Bea-arts Townhouse in East 74 Street in the market for $ 70 million, Post reported.

The Coupleifti bought the six -bedroom home in 2022 for $ 48 million, according to public data.

Adam Modlin of the Modlin Group is dealing with that ranking and represented the couple in buying their billionaire lines.

The unit contains the Central Park and the Statue of View Liberty, a 1,240 square meter loggia and high -end ends as white quartz countertops and smoke oak floors. Travis brand
One of the four bedrooms. Travis brand

The upper East East Side Townhouse is approximately twice the size of the new pentouse and contains delightful equipment, including a custom -coated hermès -lined room.

Christian Candy, along with his brother Nick, gained global importance by developing ultra-luksy one Hyde Park in London.

Over the years, he and Emily have massaged a network of global real estate properties and previously lived in the Bahamas.

The Coupleifi traded this-19903 upper Side East Townhouse, which includes a 14,825 square meters for the penthouse. Kris Tamburello
The city house has its large interior. Kris Tamburello
Terrace in their city, now listed for sale. Kris Tamburello

Candys refused to comment on their latest transaction.

Their new building, 111 W. 57th St., is also known as the weakest tower of the city.

Since breaking the terrain in 2014, it has faced numerous obstacles – including lawsuits, internal disputes between developers and delays in construction – that initially prevented sales.

Discounts have become commonplace in the building: a unit recently sold for $ 17.5 million after ranking $ 30 million in 2020, according to Streeasy.

Emily Crompton Candy and Christian Candy in a 2019 photo. Getty Images
Christian Candy’s most famous project is a Hyde Park in London, which has come to the likes of sheikhs, oligarchs and billionaires. Getty Images

Nikki Field of Sotheby’s International Realty, whose team took over marketing from the Corcoran Group last summer, told the newspaper they have seen a significant increase in the buyer’s interest.

“Regulated Icisions brought people back and give them a level of comfort,” Field said, stressing that her team has introduced more than $ 285 million in sale and contracts since taking over, with the tower now approximately 75% sold.

Most buyers are native, though the field is added that there are a small number from Europe investing in the building.

Similar price adjustments are being seen in neighboring development, including Central Park Tower, as developers compete for a limited group of ultra -rich buyers.

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Image Source : nypost.com

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