15 No 1
The House of Outrageous Fortune, Fifteen Central Park West, has once again climbed to the top of the New York apartment house heap according to a semiannual report from City Realty with average resales of over $6,000 per square foot, $1,000 more than newer, taller competing properties like One57 and 432 Park–and that despite a 4.7 percent decline in its performance. Fifteen’s staying power is all the more remarkable given the fact that many of the other buildings in the top ten are newer properties. Indicating, perhaps, that the smart money knows newer and taller isn’t necessarily better. Limestone Jesus rules.