Thompson Hotel will offer one-bed apartments on Billionaire's Row starting at $1.3 million
Now you can grab a (relative) bargain on Billionaire's Row in New York! Thompson Hotel offers 554-square-foot one-bed apartments on popular Manhattan street for 'JUST' $1.3 millionThompson Hotel introduces ONE11 Residences, condos atop the hotel that will cost as little as $1 $.3 million an outlier in the glitzy neighborhood Penthouses and apartments are located on Billionaire's Row near Central Park, a sprawl of extremely expensive buildings Units are "essentially new construction" according to the developer, and will share amenities from the hotel The cheapest one-bedroom apartment is $1.3 million and about 554 square feet To contrast the prices available at ONE11, nearby Central Park Tower is also offering a penthouse on Thursday for $250 millions of dollars. The area became notorious earlier this year as wealthy Russians rushed to sell their property for fear of sanctions following the invasion of Ukraine
A Manhattan hotel located on one of the most expensive stretches of land in the world - dubbed " Billionaire's Row" - now offers apartments that are priced well below their neighbors, but still in the millions.
The Thompson Hotel ONE11 Residences went on sale Thursday, offering apartments as "low" as $1.3 million for one bedroom , but up to $14 million for large four-bedroom penthouses.
Joint projects between hotels and condo developers usually set a 6-month limit for apartment residents, so the hotel can rent rooms, but ONE11 residences have no limit.
Thompson Hotel, formerly known as Le Parker Meridien, aims to bring a downtown feel to the upscale downtown area with its new apartments. Development is being led by GFI Development, the same team that created Ace, Beekman and NoMad hotels.
A Manhattan hotel located on one of the most expensive stretches of land in the world - dubbed " Billionaire's Row" - now offers apartments that are priced well below their neighbors, but still in the millions.
The Thompson Hotel ONE11 Residences went on sale Thursday, offering apartments as "low" as $1.3 million for one bedroom , but up to $14 million for large four-bedroom penthouses.
Joint projects between hotels and condo developers usually set a 6-month limit for apartment residents, so the hotel can rent rooms, but ONE11 residences have no limit.
Thompson Hotel, formerly known as Le Parker Meridien, aims to bring a downtown feel to the upscale downtown area with its new apartments. Development is being led by GFI Development, the same team that created Ace, Beekman and NoMad hotels.
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