Collage of a few of the highest-volume sales buildings of 2018: 520 Park Avenue, The Getty, 70 Vestry, and One57
In 2018, the high-end Manhattan residential market had a tepid year when compared to the more exuberant period between 2014 and 2016. However, even with a steep decline in velocity, sales prices continue to hover near record territory with median sales for condos holding at $1.72M, up 42% since 2008 according to our 2018 Year-End Market Report. The downtown market in particular had a noteworthy 2018 with two successive record-breaking closings. First at The Getty, a $59 million sale of its penthouse comes in as the highest price ever paid for an apartment south of 30th Street. Just weeks ago, the penthouse sale at 70 Vestry Street was closed for $55 million, making the five-bedroom the most expensive home ever sold in Tribeca.
Find below our list of top 25 sales recorded in 2018. The lower west side of Manhattan, which includes Tribeca, Hudson Square, and the West Village, made an exceptional showing with five of the top ten priciest sales being recorded in the area. Also find the top 25 buildings according to aggregate sales tell a similar story with recent developments in Tribeca and around Central Park dominating the list. The Ian Schrager-designed condo, 160 Leroy Street, outpaced all other buildings, capturing $404 million in total transactions in 2018.
Find below our list of top 25 sales recorded in 2018. The lower west side of Manhattan, which includes Tribeca, Hudson Square, and the West Village, made an exceptional showing with five of the top ten priciest sales being recorded in the area. Also find the top 25 buildings according to aggregate sales tell a similar story with recent developments in Tribeca and around Central Park dominating the list. The Ian Schrager-designed condo, 160 Leroy Street, outpaced all other buildings, capturing $404 million in total transactions in 2018.
In this article:
Top NYC Buildings
160 Leroy Street (CityRealty)
Bedroom rendering (DBOX)
As the West Village's waterfront experiences a renaissance, 160 Leroy Street leads the pack. Studio 54 creator Ian Schrager was at the helm of this 12-story building, and Pritzker Prize laureates Herzog & de Meuron designed its attractive curved facade. It is excellently situated with easy access to the best restaurants, shopping, and nightlife in the West Village, the Meatpacking District, and Soho.
All residences feature stunning city and river views, floor-to-ceiling windows, soaring ceilings, open floor plans, prewiring for smart home technology, chef's kitchens, incredible closet space and an abundance of wall space for an art collection. Building amenities include a private landscaped courtyard, private cobblestone driveway, state-of-the-art fitness center, 70' lap pool, children's playroom, and clubhouse with catering kitchen.
All residences feature stunning city and river views, floor-to-ceiling windows, soaring ceilings, open floor plans, prewiring for smart home technology, chef's kitchens, incredible closet space and an abundance of wall space for an art collection. Building amenities include a private landscaped courtyard, private cobblestone driveway, state-of-the-art fitness center, 70' lap pool, children's playroom, and clubhouse with catering kitchen.
520 Park Avenue via Zeckendorf Development
70 Vestry Street via Related Companies
432 Park Avenue via Macklowe Properties
One57 via Extell
111 Murray Street via Douglas Elliman
220 Central Park South via Vornado Realty Trust
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Top NYC Apartment Sales
520 Park Avenue via Zeckendorf Marketing
(Zeckendorf Development)
At 520 Park Avenue, the tallest building on the Upper East Side, Zeckendorf Development re-teamed with Robert A.M. Stern Architects, designer of its prestigious condominium at 15 Central Park West, and the two buildings have beautiful limestone facades in common. So as to ensure that all residences have beautiful city views, the first few floors were devoted to mechanical and amenity space. These include a library, wine storage, and a two-story health club with a pool.
Near the end of 2018, a duplex penthouse with soaring ceilings, large-scale windows, and a sweeping central staircase connecting both levels became the highest-selling apartment of the year. Its location on the Upper East Side's Gold Coast was surely a factor, but the panoramic, 360-degree views of Central Park and the Midtown skyline were equally powerful ones. The apartment has its own 279-square-foot private balcony to better enjoy them.
Near the end of 2018, a duplex penthouse with soaring ceilings, large-scale windows, and a sweeping central staircase connecting both levels became the highest-selling apartment of the year. Its location on the Upper East Side's Gold Coast was surely a factor, but the panoramic, 360-degree views of Central Park and the Midtown skyline were equally powerful ones. The apartment has its own 279-square-foot private balcony to better enjoy them.
520 Park Avenue via Zeckendorf Development
The Getty via Douglas Elliman
70 Vestry Street via Related Companies
One57 via Sotheby's
15 Central Park West via Corcoran
443 Greenwich Street via Cantor & Pecorella
Would you like to tour any of these properties?
Just complete the info below.
Or call us at (212) 755-5544
Would you like to tour any of these properties?
New Developments Editor
Ondel Hylton
Ondel is a lifelong New Yorker and comprehensive assessor of the city's dynamic urban landscape.
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