TOP FOUR FLOORS OF ONE MADISON SOLD FOR IN EXCESS OF $57 MILLION

SALE MARKS LATEST MILESTONE IN 60 STORY TOWER’S BRISK SELLOUT

NEW YORK, NY – February 20, 2014 – With Manhattan’s downtown real estate market reaching new heights, Related Sales today announced a significant sale at its iconic condominium, One Madison. The crown jewel of the building, the top four floors, which encompass 10,160 square feet and includes the triplex penthouse, have gone into contract for $57.25 million. One Madison, offering breathtaking views, luxurious residences and expansive amenities spaces, has cemented its place as one of Manhattan’s top new developments in a peerless location in the epicenter of New York. The undisclosed purchaser was represented by Dolly Lenz.

The building is already over 75% sold. According to Leslie Wilson, senior vice president of Related Sales and Director of Sales at One Madison, “The sale of the top four floors of the building is a milestone achievement for One Madison and the downtown market, and reflects the appeal of the custom materials, grand amenities and specialized services offered in the building. This stunning property has seen a tremendous pace of sales and prospective buyers continue to be attracted to not only the incredible 360-degree views, but also to the ability to step foot in their exact residence today. Purchasers also value the fact that they can close and move in to the property in a matter of months, not years. Interest continues to soar and there are still enviable homes available, including the gracious duplex residence on the 55th and 56th floors.”

The sale of floors 57-60 included the triplex penthouse and the full-floor residence below. The triplex penthouse, which was sold in raw condition, spans three full floors with nearly 7,000 square feet of interior space at the crown of One Madison. This remarkable residence offers a soaring double-height great room with dramatic floor-to-ceiling windows and a wraparound terrace, with uninterrupted cinematic views of Manhattan, river to river and from the World Trade Center to the uptown tip of Madison Avenue. Also included in the purchase was a finished three-bedroom full-floor residence located directly below the penthouse on the 57th floor.

Not to be missed, One Madison also has available a 6,620 square-foot duplex residence on floors 55 and 56. The four bedroom residence features panoramic views of the Manhattan skyline with direct elevator access into a private entry gallery. Residents enter on floor 55, which offers an oversized great room with north, west and east exposures that is perfect for gathering, a spacious corner eat-in kitchen with an adjacent formal dining room, as well as a corner media room and library and additional guest bedroom, which are both with equipped with en suite baths. The 56th floor boasts a luxurious half-floor master suite with views to the north, west and south, a sitting area, a dressing area and walk-in closet, a corner master bath with a soaking tub and oversized windowed steam shower, as well as two additional en suite bedrooms and an open plan study. Two unique residences located above the 22nd Street entrance are expected to come to market this spring.

The Building:

With incomparable postcard views, spacious entertainment spaces and luxurious living quarters, the residences at One Madison epitomize Manhattan living at its absolute peak. The slender 60-story bronze glass tower with award-winning architecture by Cetra/Ruddy and interiors and amenity spaces curated by Yabu Pushelberg, overlooks landmarks as close as Madison Square Park and the Empire State Building, to views as far as the Statue of Liberty and all of Manhattan’s surrounding waterways.

Setting a new standard for intimate urban living, One Madison offers a vast private amenity space across two full floors. One Club, aptly named, will serve as a 10,000-square-foot extension of one’s home. An elegant lounge, parlor and screening room offer space for relaxation or entertaining, featuring beautiful views of Madison Square Park through floor-to-ceiling windows. Private parties in the dining room are facilitated effortlessly from the catering kitchen and enhanced with butler service. An additional floor offers a 50-foot indoor pool with bold marble-clad walls, a state-of-the-art fitness center, a yoga room, a sculptural glass-enclosed steam room, and a children’s playroom. One Club also offers 24-hour service including on-site expert concierge and butler staff, to support everyday needs as well as access to the most desirable entertainment destinations, coveted restaurants and lifestyle experiences in New York City and worldwide.

Current condominium prices range from $11.5M to $37.5M. For more information or to schedule a private appointment with Related Sales, please call 212.230.1130 or visit OneMadison.com and OneMadisonPenthouse.com.


###


ABOUT RELATED COMPANIES

Related Companies is the most prominent privately-owned real estate firm in the United States with an existing portfolio of real estate assets valued at over $15 billion. Formed over 40 years ago, Related is the nation’s preeminent developer of luxury residential properties having pioneered the concept of commissioning celebrated architects to design residential properties by selecting Robert A.M. Stern to plan his firm’s first luxury condominium, The Chatham. In the development of Time Warner Center, Related combined super-luxury residences, the Mandarin Oriental hotel and residences, Jazz at Lincoln Center, stylish retail and the city’s finest collection of four-star restaurants, redefining sophisticated metropolitan living in New York and trademarking the term “Five Star Living.” The company’s portfolio of residential projects – including such recent developments as MiMA, The Brompton, The Caledonia, The Harrison and Superior Ink – stand as significant additions to the fabric of New York, and are also some of the most coveted, sought-after luxury addresses in Manhattan. Related also manages approximately $3 billion of equity capital on behalf of sovereign wealth funds, public pension plans, multi-managers, endowments, Taft Hartley plans and family offices, owns Equinox(R) Fitness Clubs, further enhancing the value of its properties by incorporating an exclusive, branded amenity into the lifestyle offering, and a partnership interest in Danny’s Meyers Meyer’s Union Square Hospitality Group. For more information about Related Companies please visit www.related.com.

PRESS RELEASES
TOP FOUR FLOORS OF ONE MADISON SOLD FOR IN EXCESS OF $57 MILLION
JOANNA ROSE 212.801.3902
2/20/2014 SALE MARKS LATEST MILESTONE IN 60 STORY TOWER’S BRISK SELLOUT

NEW YORK, NY – February 20, 2014 – With Manhattan’s downtown real estate market reaching new heights, Related Sales today announced a significant sale at its iconic condominium, One Madison. The crown jewel of the building, the top four floors, which encompass 10,160 square feet and includes the triplex penthouse, have gone into contract for $57.25 million. One Madison, offering breathtaking views, luxurious residences and expansive amenities spaces, has cemented its place as one of Manhattan’s top new developments in a peerless location in the epicenter of New York. The undisclosed purchaser was represented by Dolly Lenz.

The building is already over 75% sold. According to Leslie Wilson, senior vice president of Related Sales and Director of Sales at One Madison, “The sale of the top four floors of the building is a milestone achievement for One Madison and the downtown market, and reflects the appeal of the custom materials, grand amenities and specialized services offered in the building. This stunning property has seen a tremendous pace of sales and prospective buyers continue to be attracted to not only the incredible 360-degree views, but also to the ability to step foot in their exact residence today. Purchasers also value the fact that they can close and move in to the property in a matter of months, not years. Interest continues to soar and there are still enviable homes available, including the gracious duplex residence on the 55th and 56th floors.”

The sale of floors 57-60 included the triplex penthouse and the full-floor residence below. The triplex penthouse, which was sold in raw condition, spans three full floors with nearly 7,000 square feet of interior space at the crown of One Madison. This remarkable residence offers a soaring double-height great room with dramatic floor-to-ceiling windows and a wraparound terrace, with uninterrupted cinematic views of Manhattan, river to river and from the World Trade Center to the uptown tip of Madison Avenue. Also included in the purchase was a finished three-bedroom full-floor residence located directly below the penthouse on the 57th floor.

Not to be missed, One Madison also has available a 6,620 square-foot duplex residence on floors 55 and 56. The four bedroom residence features panoramic views of the Manhattan skyline with direct elevator access into a private entry gallery. Residents enter on floor 55, which offers an oversized great room with north, west and east exposures that is perfect for gathering, a spacious corner eat-in kitchen with an adjacent formal dining room, as well as a corner media room and library and additional guest bedroom, which are both with equipped with en suite baths. The 56th floor boasts a luxurious half-floor master suite with views to the north, west and south, a sitting area, a dressing area and walk-in closet, a corner master bath with a soaking tub and oversized windowed steam shower, as well as two additional en suite bedrooms and an open plan study. Two unique residences located above the 22nd Street entrance are expected to come to market this spring.

The Building:

With incomparable postcard views, spacious entertainment spaces and luxurious living quarters, the residences at One Madison epitomize Manhattan living at its absolute peak. The slender 60-story bronze glass tower with award-winning architecture by Cetra/Ruddy and interiors and amenity spaces curated by Yabu Pushelberg, overlooks landmarks as close as Madison Square Park and the Empire State Building, to views as far as the Statue of Liberty and all of Manhattan’s surrounding waterways.

Setting a new standard for intimate urban living, One Madison offers a vast private amenity space across two full floors. One Club, aptly named, will serve as a 10,000-square-foot extension of one’s home. An elegant lounge, parlor and screening room offer space for relaxation or entertaining, featuring beautiful views of Madison Square Park through floor-to-ceiling windows. Private parties in the dining room are facilitated effortlessly from the catering kitchen and enhanced with butler service. An additional floor offers a 50-foot indoor pool with bold marble-clad walls, a state-of-the-art fitness center, a yoga room, a sculptural glass-enclosed steam room, and a children’s playroom. One Club also offers 24-hour service including on-site expert concierge and butler staff, to support everyday needs as well as access to the most desirable entertainment destinations, coveted restaurants and lifestyle experiences in New York City and worldwide.

Current condominium prices range from $11.5M to $37.5M. For more information or to schedule a private appointment with Related Sales, please call 212.230.1130 or visit OneMadison.com and OneMadisonPenthouse.com.


###


ABOUT RELATED COMPANIES

Related Companies is the most prominent privately-owned real estate firm in the United States with an existing portfolio of real estate assets valued at over $15 billion. Formed over 40 years ago, Related is the nation’s preeminent developer of luxury residential properties having pioneered the concept of commissioning celebrated architects to design residential properties by selecting Robert A.M. Stern to plan his firm’s first luxury condominium, The Chatham. In the development of Time Warner Center, Related combined super-luxury residences, the Mandarin Oriental hotel and residences, Jazz at Lincoln Center, stylish retail and the city’s finest collection of four-star restaurants, redefining sophisticated metropolitan living in New York and trademarking the term “Five Star Living.” The company’s portfolio of residential projects – including such recent developments as MiMA, The Brompton, The Caledonia, The Harrison and Superior Ink – stand as significant additions to the fabric of New York, and are also some of the most coveted, sought-after luxury addresses in Manhattan. Related also manages approximately $3 billion of equity capital on behalf of sovereign wealth funds, public pension plans, multi-managers, endowments, Taft Hartley plans and family offices, owns Equinox(R) Fitness Clubs, further enhancing the value of its properties by incorporating an exclusive, branded amenity into the lifestyle offering, and a partnership interest in Danny’s Meyers Meyer’s Union Square Hospitality Group. For more information about Related Companies please visit www.related.com.