432 Park Avenue, PH (Douglas Elliman)
New York real estate trends come and go, but one thing that stays constant is developers', designers', and buyers' appetites for tall buildings and the views enjoyed from them. Such buildings are regular fixtures among Manhattan's top contracts and top sales.
Some wondered if the pandemic would spell the end of multi-family living in high-rises with limited privacy and room for social distancing. However, CityRealty’s High-Rise Index, which tracks sponsor and resale units in buildings 50 stories and higher, shows that prices in such buildings have held relatively stable over the past two years.
Prices are starting to tick back up, though we may not see such record-breaking prices as before. A case in point may be found at 432 Park Avenue, the tallest building in Midtown East: When retail magnate Fawaz al Hokair first listed his penthouse for $169 million in 2021, he aimed for one of Manhattan’s most expensive sales ever. But it hit an increasingly crowded market that is only growing, and was relisted for $105 million, a 37.8% reduction (h/t The Real Deal).
Some wondered if the pandemic would spell the end of multi-family living in high-rises with limited privacy and room for social distancing. However, CityRealty’s High-Rise Index, which tracks sponsor and resale units in buildings 50 stories and higher, shows that prices in such buildings have held relatively stable over the past two years.
Prices are starting to tick back up, though we may not see such record-breaking prices as before. A case in point may be found at 432 Park Avenue, the tallest building in Midtown East: When retail magnate Fawaz al Hokair first listed his penthouse for $169 million in 2021, he aimed for one of Manhattan’s most expensive sales ever. But it hit an increasingly crowded market that is only growing, and was relisted for $105 million, a 37.8% reduction (h/t The Real Deal).
CityRealty's High-Rise Index
In this article:
50 West 66th Street, mid-May 2024 (CityRealty)
It is against this backdrop that construction has topped out at 775 feet high at 50 West 66th Street, which has outstripped the nearby 200 Amsterdam Avenue as New York's tallest building above 60th Street. While preservationists are not pleased about the new building's towering height, luxury buyers have embraced it and the sweeping views it accords, not to mention the high-end interiors, premier indoor/outdoor amenities, and prime Upper West Side address: It is now over 50% sold with the first move-ins expected to begin later this year.
We go inside availabilities in the tallest residential buildings of several notable neighborhoods, from DUMBO to Billionaires' Row. We also take a look at soaring new residential towers on the rise as we wait to see what the next development cycle will bring to our neighborhoods.
View of some of the world's tallest residential buildings from a high-floor apartment at Trump International
DUMBO
Olympia (Pavel Bendov)
Olympia is the tallest building in DUMBO, and its sail-inspired shape further sets it apart in the local skyline. Residents are greeted by a port cochere, triple-height lobby, and lounge opening up to a private garden. The bridge level overlooks the Brooklyn Bridge and houses an outdoor pool and hot tub, children's playground and water park, lounge and BBQ areas, and New York's highest private outdoor tennis court.
Olympia, #17F (Sothebys International Realty)
East Harlem
5th on the Park via Core Group NYC
Located south of Central Park and at the entrance to Marcus Garvey Park, Fifth on the Park is the tallest residential building in East Harlem. Amenities include a 24-hour lobby with doorman and concierge service, indoor lap pool with adjacent sun deck, thirteenth-floor lounge, and furnished roof terrace with gas grill. A tax abatement is in place until 2034.
5th on the Park, #15A (Corcoran Group)
Clinton Hill
The Axel (CityRealty)
The Axel is petite by supertall standards, but a giant in its Clinton Hill neighborhood. The design by Morris Adjmi Architects features a gently angled tower with a staggered-pattern facade, rising from a four-story podium. Upon completion, it will feature approximately 60,000 square feet of retail space and 284 apartments (rentals most likely). Amenities are set to include a fitness center, game lounge, coworking space, and terrace with outdoor pool The building wraps around a full block that it shares with the landmarked Church of St. Luke and St. Matthew, and the project includes the restoration of the church's ornate Romanesque facade.
The Axel, #19H (Triumph Property Group)
From the Listing: The H line is a two-bedroom, two-bathroom apartment perfect for those looking for extra space. Enjoy southwestern exposure from the comfort of your own two bedroom. With floor to ceiling windows throughout each room of the unit. The H line features a large bathroom with a walk in shower. The H Line also features a brand-new Bloomberg appliance package, complementary custom wardrobe units, and in-unit washer/dryer. See floor plan and full details here.
Harlem
Victoria Tower Residences (CityRealty)
Harlem's historic Victoria Theater has been beautifully restored, and a new glass tower rises behind it. This houses a 210-key Renaissance Marriott hotel with on-site restaurant, new theaters to be occupied by the Apollo Theatre as this landmark undergoes a renovation, and 191 rental apartments. Residential amenities include a fitness center, lounge with game area, on-site parking, and central laundry room.
Victoria Tower Residences, #23H (Weichert Properties)
Greenwich Village
1 Fifth Avenue via Ondel
High-rises are few and far between in Greenwich Village, and nothing has come along to outrank 1 Fifth Avenue in height and grandeur. Its address immediately north of Washington Square Park allows for panoramic views of the park as well as the iconic Manhattan skyline. The building offers white-glove doorman and concierge service, a bike room, and a central laundry room.
1 Fifth Avenue, #16D (Compass)
West Chelsea
(Evan Joseph)
The tallest tower at One High Line, one of the more inventive architectural masterpieces to go up in West Chelsea, is also the tallest tower in the neighborhood. The towers are curved to make the most of views of the Hudson River and the High Line, and are connected by two sky bridges. In addition to high-end retail, luxury condominiums, and sumptuous residential amenities, the towers will be home to New York's first Faena Resort and a large public plaza on Tenth Avenue. After a few quiet years, construction resumed in earnest, and two penthouses in the building ranked among the top Downtown contracts of 2023.
One High Line, #EAST22B (Corcoran Sunshine Marketing Group)
Brooklyn Heights
All images of One Clinton via Corcoran
One Clinton rose on the former site of the Brooklyn Heights public library branch, and the new triangular tower houses a new, state-of-the-art library on the first three floors. The upper levels are home to apartments with sweeping views and modern appliances and finishes. Amenities include an attended lobby, underground parking for purchase, storage for purchase, fitness center with Peloton equipment and yoga room, sauna and hot tub, children's playroom with outdoor terrace, and Sky Lounge with outdoor terrace.
One Clinton, #26B
$4,495,000 (-3.3%)
Brooklyn Heights | Condominium | 4 Bedrooms, 3.5 Baths | 2,560 ft2
One Clinton, #26B (Corcoran Group)
Greenpoint
All images of The Greenpoint via Corcoran
Located on the waterfront, The Greenpoint brings a new standard of living to the skyline and the neighborhood. Residents can enjoy front-row seats to fireworks shows on the Fourth of July and spectacular skyline and river views all year long. Over 30,000 square feet of amenities include 24-hour doorman and concierge service, a fitness center, a basketball court, coworking spaces, lounges, and sun decks.
The Greenpoint, #38B (Corcoran Group)
Cobble Hill — Forthcoming
Rendering via Fortis Property Group
2 River Park was poised to be the tallest tower in River Park, a new development on the former site of Long Island City Hospital. The curved glass facade will allow for amazing views of the Manhattan skyline, and the apartments will start on the third floor to make the most of them. Residential amenities were set to include an attended lobby, mail room, bike room, fitness center, indoor pool, lounges, and outdoor terraces.
The project ran into financial difficulties that could not help but affect the construction timeline, and developer Fortis ultimately sold the properties to Madison Realty Capital in October 2022. Further details are not yet available.
The project ran into financial difficulties that could not help but affect the construction timeline, and developer Fortis ultimately sold the properties to Madison Realty Capital in October 2022. Further details are not yet available.
Morningside Heights
Claremont Hall, the tallest building in Morningside Heights, came about through developers' Lendlease Americas Inc. and Daiwa House Group purchase of approximately 350,000 square feet of development rights from the Union Theological Seminary. The building is classically inspired, but has been designed to LEED Gold certification standards. The apartments start on the eighth floor, allowing for beautiful views of the Hudson River. Amenities include a fully-attended lobby, resident lounge, fitness center, swimming pool in the onetime seminary dining hall, children's playroom, storage, and a bike room.
Claremont Hall, #25A (Corcoran Sunshine Marketing Group)
SoHo - Hudson Square
The Dominick via Douglas Elliman
All units in Soho's tallest building feature furnishings by Fendi Casa, high-end finishes, and jaw-dropping city views. Amenities include personalized concierge service, 24-hour in-room dining, an 11,000-square-foot spa with hammam, a landscaped plaza, and an outdoor pool deck with bocce court. When pied-a-terre apartments are not in use, they are managed and rented out on the owner's behalf by the hotel.
The Dominick, #1905 (Corcoran Group)
Chelsea
All images of Chelsea Stratus via Douglas Elliman
Chelsea Stratus is the tallest tower in its neighborhood as well as one of the most iconic condominiums. It is well positioned for easy access to popular dining, shopping, and nightlife in Chelsea, NoMad, and the Flatiron District. Many units have private outdoor space, and all residents have access to amenities like a fitness center, basketball court, billiards room, lounge with catering kitchen, and wraparound roof deck with 360-degree views.
Chelsea Stratus, #4H (Douglas Elliman Real Estate)
Fort Greene
One Hanson Place
Who says one has to choose between living in a city landmark and a high-rise? One Hanson Place is an iconic part of the Brooklyn skyline and tall enough to look out on spectacular skyline and New York Harbor views. The one-time Williamsburgh Savings Bank Tower offers residents such exclusive amenities as a doorman/concierge service, a business center, a children's playroom, and multiple outdoor terraces. It also offers convenient access to Fort Greene Park, Brooklyn Academy of Music, and the Barclays Center-Atlantic Avenue transportation hub.
While there are now several taller buildings nearby such as The Ashland, which we'll consider part of Downtown Brooklyn, Rockrose Development is building a 612-foot rental tower at 98 Dekalb Avenue that will soon surpass One Hanson as Fort Greene's tallest.
While there are now several taller buildings nearby such as The Ashland, which we'll consider part of Downtown Brooklyn, Rockrose Development is building a 612-foot rental tower at 98 Dekalb Avenue that will soon surpass One Hanson as Fort Greene's tallest.
One Hanson Place, #17M (Compass)
Carnegie Hill-Yorkville
180 East 88th Street via Corcoran
This Upper East Side condominium soars to heights most often seen in contemporary buildings, but the interiors are rich in prewar details like coved ceilings, custom plaster wainscoting, formal galleries, and herringbone flooring. Eight floors of amenities include a fitness studio, double-height basketball court, soccer field, game room, children's playroom designed in partnership with the Children's Museum of the Arts, and a lounge with catering kitchen. A penthouse at the top of the building made a memorable appearance on award-winning drama Succession and found a buyer a few months later.
180 East 88th Street, #44
$14,850,000
Carnegie Hill | Condominium | 4 Bedrooms, 4.5 Baths | 4,017 ft2
180 East 88th Street, #44 (Corcoran Sunshine Marketing Group)
Williamsburg — Current
One Domino Square (Two Trees Management)
Directly on Domino Park, One Domino Square has risen on the parcel of the Domino Sugar Refinery closest to the Williamsburg Bridge. Between this prime address and towering height, residents enjoy spectacular views of the bridge, the river, and the Manhattan skyline. Three floors of amenities are set to include a fitness center, aquatic suite, outdoor loggia, sports simulators, children's playroom, and outdoor terrace with grills and outdoor pool.
One Domino Square, #2501 (Two Trees Management Co)
Williamsburg — Forthcoming
Rendering via Field Operations and Bjarke Ingels Group for Two Trees Management
At the end of 2021, the City Council unanimously approved the rezoning required for River Ring, a new project that would transform a vacant industrial parcel into a waterfront community with a climate-resilient park, a new YMCA, and more than 1,000 new housing units. These will be located in a pair of residential towers located on a triangular podium, oriented to make the most of neighborhood and river views.
Construction was widely expected to commence in 2024, but the project has come into jeopardy: While the first tower qualifies an extension of the state's old 421a tax program, the second does not. Moreover, owing to the affordability and construction worker requirements of the state's new 485x program, developer Two Trees Management has expressed doubts about the feasibility of the project (h/t The Real Deal).
Construction was widely expected to commence in 2024, but the project has come into jeopardy: While the first tower qualifies an extension of the state's old 421a tax program, the second does not. Moreover, owing to the affordability and construction worker requirements of the state's new 485x program, developer Two Trees Management has expressed doubts about the feasibility of the project (h/t The Real Deal).
Upper West Side — Current
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While the design of 200 Amsterdam Avenue was conceived as a tribute to prewar Upper West Side architecture, local preservationists were so displeased about its height that at one point, the State Supreme Court ordered the city to revoke the building permit in a move that might have required as many as 20 floors to be removed. However, the New York State Appellate Division unanimously overturned the ruling and the building has proven popular among luxury buyers. Not only does it offer panoramic views, high-end finishes, and well-thought amenities, but it also makes the most of its proximity to Lincoln Center with a complimentary one-year membership for residents.
200 Amsterdam, #40B (Serhant LLC)
Upper West Side — Forthcoming
50 West 66th Street in the new Upper West Side skyline (Recent Spaces)
50 West 66th Street stands out in the local skyline for its towering height, but also makes a statement with its gleaming facade. It rises from a limestone base designed in thoughtful context with its prewar neighbors. House Residences on lower floors reflect prewar elegance; Tower Residences boast private loggias carved into the building's corners; and all residents will enjoy access to amenities like a basketball/pickleball court, an indoor saltwater lap pool and spa, a state-of-the-art fitness center, and a 20th-story sun deck with outdoor pool, fire pit, and lounge area.
50 West 66th Street, #41W
$16,700,000
Central Park West | Condominium | 3 Bedrooms, 3.5 Baths | 2,816 ft2
50 West 66th Street, #41W (Corcoran Group)
Hell's Kitchen
On the cusp of Hell's Kitchen and the Upper West Side, the two-towered Deutsche Bank Center houses high-end shopping, Michelin-starred restaurants, a massive Whole Foods outpost, Class A office space, and some of the city's most enviable condos. In addition to residents-only amenities, residents of One Central Park West in the south tower have access to the offerings and services of the Mandarin Oriental hotel in the north tower. These include a world-renowned spa, gym, and indoor pool.
One Central Park, #67C
$8,850,000
Central Park West | Condominium | 3 Bedrooms, 3.5 Baths | 2,416 ft2
One Central Park, #67C (Corcoran Group)
Flatiron-Union Square-Gramercy
All images of Madison Square Park Tower via Douglas Elliman
Just south of Madison Square Park, Madison Square Park Tower presents a modern addition to the Flatiron/Union Square skyline. The glass facade and chamfered corners allow for column-free interiors, abundant natural light, and dramatic views in all directions. The exclusive Fifty Four club room offers a private dining room and demonstration kitchen on the 54th floor, and additional amenities include a full-floor fitness center, basketball court, sports simulator, children's playroom, game room, and outdoor terrace with grill.
Madison Square Park Tower, #57thFloor
$12,500,000 (-10.7%)
Flatiron/Union Square | Condominium | 4 Bedrooms, 5 Baths | 4,658 ft2
Madison Square Park Tower, #57thFloor (Coldwell Banker Warburg)
Long Island City
All images of Skyline Tower via Modern Spaces
Skyline Tower is New York City's tallest skyscraper outside Manhattan, and construction was completed in 2021. In addition to the new tower and housing units, the project brought a new entrance to the Court Square E/M subway stop and a fully accessible entrance. Best-in-class amenities and services include a fitness center, 75' lap pool, spa area with sauna and steam room, double-height amenity lounge, children's playroom, pet spa, business center, bike room, and on-site parking.
Skyline Tower, #5811 (Modern Spaces)
Upper East Side Gold Coast
520 Park Avenue (Robert AM Stern Architects)
While 520 Park Avenue's towering height is in line with the demands of today’s luxury buyers, its limestone facade and romantic roofline pay a respectful tribute to prewar architecture. Residents are greeted by a grand, attended lobby and vaulted salon with access to a lushly planted private garden. Amenities include a well-equipped fitness center, a double-height indoor swimming pool bathed in light from the garden above, sauna and steam rooms, spa treatment rooms, a children’s playroom, a business center, a lounge, and a screening room. It is entirely composed of simplex and duplex units, many of which have ranked among the top sales on the weeks of their closings.
520 Park Avenue, #30
$27,500,000 (-3.5%)
Park/Fifth Ave. to 79th St. | Condominium | 4 Bedrooms, 4 Baths | 4,613 ft2
520 Park Avenue, #30 (OFFICIAL)
NoMad — Current
All images of Madison House via Douglas Elliman; Credit DBOX
Over the past few years, a forgettable stretch between Madison Square Park and Herald Square has blossomed into a destination with high-end shopping, popular restaurants, hip hotels, and stylish residential buildings. The tallest of these is Madison House, a soaring tower designed to make the most of views of the Empire State Building and the Midtown skyline. Amenities start 150 feet above grade level and include a fitness center, pool and spa area with hot tub and cold plunge pool, golf simulator, children’s playroom, private lounge with chef’s kitchen and dining room, and landscaped roof garden.
Madison House, #PH60A
$25,000,000
NoMad/Murray Hill | Condominium | 5 Bedrooms, 5.5 Baths | 5,151 ft2
Madison House, #PH60A (Douglas Elliman Real Estate)
NoMad — Forthcoming
Rendering of 262 Fifth Avenue via DBOX
The empty lot at the southwest corner of Fifth Avenue and 29th Street has sat quiet for years, but excavation work began in fall 2021 and construction is underway. It has not even topped out yet, but has already usurped Madison House (see above) as the tallest tower in NoMad and disrupted views of the Empire State Building as seen south of 28th Street. The units will comprise simplexes, duplexes, and at least one quadruplex. Amenities will include a fitness center, a common terrace, a swimming pool, and a roof deck with views nearly equivalent to those seen on the Empire State Building's 86th-floor observatory.
262 Fifth Avenue, spring 2024 (City Sphere)
Lower East Side - Chinatown - Two Bridges
Aerial photograph via Evan Joseph
With its towering height, masterfully designed apartments, and seemingly endless amenity package, One Manhattan Square is by far the tallest and most luxurious building in the Lower East Side-Chinatown-Two Bridges area. The tower rose on the former site of a Pathmark supermarket, and Brooklyn Fare Kitchen & Market recently opened its largest location yet in the base of the building. Floor-to-ceiling windows fill the beautifully crafted homes with abundant natural light, and a 20-year tax abatement is in effect.
One Manhattan Square, #77J
$6,500,000
Lower East Side | Condominium | 3 Bedrooms, 4 Baths | 2,347 ft2
One Manhattan Square, #77J (Extell Marketing Group LLC)
Beekman-Sutton Place
Sutton Tower (Corcoran Group)
The Sutton Place section of Midtown has not historically been home to extremely tall buildings, but Sutton Tower has brought a soaring edifice with dramatic coffered niches to the local skyline (much to the chagrin of some locals). There are no more than three apartments per floor, and no more than two units per floor above the 36th story. Amenities include a third-floor spa and pool, a fourth-floor fitness center, a fifth-floor Club Lounge, game room, children's playroom, party room, and sport simulator, and a lounge, screening room, and terrace on the sixth floor.
Sutton Tower, #35C (Corcoran Sunshine Marketing Group)
Turtle Bay - United Nations
All images of Trump World Tower via Compass
Residents able to look past the name on this building will be treated to spectacular, protected views of the East River and United Nations Headquarters from floor-to-ceiling windows. An attentive staff includes doormen, concierge personnel, housekeepers, and personal trainers; and 20,000 square feet of amenities include a health club, indoor saline pool, spa and steam room, wine storage room, and terrace with garden.
Trump World Tower, #65A
$3,350,000
Turtle Bay/United Nations | Condominium | 2 Bedrooms, 2.5 Baths | 2,010 ft2
Trump World Tower, #65A (Douglas Elliman Real Estate)
Tribeca
All images of The Four Seasons Private Residences via RAMSA
By virtue of its soaring height, the units at the Four Seasons Private Residences enjoy views of the Lower Manhattan skyline, the Midtown skyline, and the Hudson River. In addition to an extensive suite or private residential amenities, residents have access to the Four Seasons Hotel's amenities and services, including CUT, Wolfgang Puck's first New York restaurant.
The Four Seasons Private Residences, #60B
$6,500,000
Tribeca | Condominium | 3 Bedrooms, 3.5 Baths | 2,213 ft2
The Four Seasons Private Residences, #60B (Corcoran Group)
Financial District
70 Pine Street
When 70 Pine Street was built as the headquarters of the Cities Services Company in 1932, it was the third-largest building in the world. Nearly 100 years later, it remains the tallest residential building in the Financial District even amidst a crop of new development condos. The Art Deco tower offers three collections of apartments - the City Collection, the Tower Collection, and the Penthouse Collection - and an array of amenities that make the most of its original features (think a screening room in the former bank vault).
70 Pine Street, #1909 (Rose Associates)
Midtown West
53 West 53 (Gilles Ashford)
Just south of Billionaires' Row, and almost directly on top of the Museum of Modern Art (MoMA), 53 West 53 is a striking addition to the skyline with its tapered structure and impeccable facade. Interior designer Thierry Despont made the most of the building's unique structure to create spacious floor plans with top-of-the-line materials. The building's on-premise restaurant offers exclusive dining experiences for residents, who also enjoy access to 30,000 square feet of wellness and social amenities, not to mention Deeded Benefactor memberships to the MoMA.
53 West 53, #71 (Douglas Elliman Real Estate)
Downtown Brooklyn
Photo of The Brooklyn Tower via JDS Development Group
In the ever-evolving Brooklyn skyline, The Brooklyn Tower stands out as much for its record-breaking height as for its hexagonal composition and eye-catching crown. The building acquired air rights from Junior's Restaurant as well as development rights from the landmarked and restored Dime Savings Bank. The condos start on the 53rd floor to make the most of spectacular views. An outdoor pool and sun deck are located at the foot of the bank's Gustavino-tiled dome, and wellness brand Life Time operates and manages the building's 120,000+ square feet of indoor and outdoor amenities.
The Brooklyn Tower, #76A
$2,925,000
Downtown Brooklyn | Condominium | 2 Bedrooms, 2 Baths | 1,238 ft2
The Brooklyn Tower, #76A (Douglas Elliman Real Estate)
Midtown East
All images of 432 Park Avenue via Douglas Elliman
While 432 Park Avenue has been dethroned as the tallest building in the world since its opening, it still makes a statement with its crisp, minimalist design. Amenities include a fitness center curated by The Wright Fit, a 175-foot indoor pool, a spa area, and a private restaurant. It is well situated near Central Park, Fifth Avenue shopping, five-star dining, and major art galleries and auction houses (including Phillips auction house in the base of the building).
432 Park Avenue, #PENTHOUSE
$105,000,000
Midtown East | Condominium | 6+ Bedrooms, 6+ Baths | 8,255 ft2
432 Park Avenue, #PENTHOUSE (Douglas Elliman Real Estate)
Billionaires' Row/Central Park South Runner-Up
111 West 57th Street and Billionaires' Row from 432 Park Avenue
On Billionaires' Row, Central Park Tower (see below) and 111 West 57th Street are neck and neck as the highest buildings in New York City. 111 West 57th Street combines the landmarked Steinway Hall with a skinny skyscraper, one of the tallest and skinniest in Manhattan. Amenities include an opulent lobby, a gracious port cochere entrance, a double-height fitness center with mezzanine terrace, an 82-foot pool with private cabanas, saunas, and spa treatment rooms.
111 West 57th Street, #PH72
$56,000,000
Midtown West | Condominium | 4 Bedrooms, 5.5 Baths | 7,130 ft2
111 West 57th Street, #PH72 (Corcoran Group)
Billionaires' Row/Central Park South
All images of Central Park Tower via Extell
In the heart of Billionaires' Row, Central Park Tower soars over the park and enjoys unmatched views of the city's waterways and the iconic Manhattan skyline. New York's seven-story Nordstrom flagship is in the base of the building, and amenities include fitness center, indoor pool, outdoor pool deck and cabanas, screening room, children's playroom, and the highest private residential club and ballroom in the world.
Central Park Tower, #120 (Corcoran Sunshine Marketing Group)
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