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 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 dollars, an outlier in the glitzy neighborhood Penthouses and apartments are located in Billionaire's Row near Central Park, a swathe of extremely expensive buildings Units are "essentially new construction" according to the developer, and will share hotel amenities For Contrasting the prices available at ONE11, the nearby Central Park Tower also lists a penthouse on Thursday priced at $250 millionThe area became notorious earlier this year as wealthy Russians rushed to sell their property for fear of sanctions after the invasion of Ukraine

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< p class="byline-section"> Posted: 03:53 BST, 16 Sep 2022 | Updated: 04:10 BST, 16 Sep 2022

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 much lower than 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.