The fourth-highest apartment sale in NYC of all time closed at Central Park Tower last week (Extell Development Company)
Manhattan Sales:
- For the week ending June 21, 2024, $703,119,874 worth of transactions across 289 condo, condop, and cooperative deals were recorded
- 109 condo sales came to an aggregate price of $457,196,501
- Eight condop sales came to an aggregate price of $13,075,331
- 172 co-op sales came to an aggregate price of $226,648,042
In this article:
After a somewhat subdued sales week, data suggests that Manhattan's real estate market came surging back in the third full week of June 2024. However, it is unclear how much of that is indicative of longer-lasting trends and how much can be attributed to one of Manhattan's highest-priced sales ever.
Just over a week after power broker Fredrik Eklund announced via Instagram that “the BIGGEST DEAL IN NEW YORK SINCE 2021!” had closed at Central Park Tower, the city has recorded the sale: The penthouse spanning the 107th and 108th floors has officially closed for $117,390,500, or slightly above the $115 million mentioned in the announcement. Not only was it the highest price of the week by far, but it was also the highest of the year to date and, as Mr. Eklund observed, the biggest deal in years. It was also Manhattan’s fourth-highest on record and the most expensive to take place outside of Central Park Tower's Billionaires’ Row neighbor 220 Central Park South.
Several stories down in Central Park Tower, the three-bedroom Residence #78W closed for $15,570,688. While more than $100 million short of the week's top sale, and over 15% below the last asking price, it was still good enough for the fourth-highest sale of the past week.
Billionaires' Row with Central Park Tower and 220 Central Park South in the middle (Extell)
While the buyers of the two Central Park Tower units were identified through two different LLCs, a move that suggests separate purchasers, it is not unheard of for buyers of one massive apartment to buy a second smaller unit on a separate floor to be used for guests, staff, or an office/studio. That appears to be what happened up the street at 220 Central Park South: A pair of apartments – the four-bedroom #63 and the two-bedroom #18A – sold for a combined $81,500,000 in the week’s second-highest sale. Both the buyer and the seller conducted the transaction through LLCs, though public records indicate that the seller bought #63 for $53.5 million in 2020. It is not known how many sponsor units remain at 220 Central Park South after this sale, though Vornado chair Steven Roth has said the building is “basically sold out” (h/t Crain’s New York Business).
View over TriBeCa towards the Hudson River from The Hubert (Compass)
The top sale off Billionaires’ Row, the top Downtown sale, and the week's third-highest overall took place at The Hubert, a loft-style condominium in Tribeca where Residence #6A/7A closed for an even $28,000,000 in what appears to have been an off-market deal. Public records indicate that #6A sold for $3,742,068 in August 2004 and that #7A sold for $7,500,000 in July 2011. Further details are not available.
The week's top five sales were rounded out by the top co-op sale. Residence #8/7S at prestigious prewar cooperative 1001 Park Avenue closed for $12,250,000, the asking price when it entered contract in March 2024. Public records list the buyer as finance executive John Cortese and his wife, Malena Cirio.
1001 Park Avenue, #8/7S (Coldwell Banker Warburg)
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From the Listing:
Exuding sophistication and elegance, this expansive 5,000-square-foot duplex has graciously proportioned rooms, exceptional natural light and was designed with meticulous attention to detail. The apartment spans the entire Park Avenue frontage of the building. A private elevator landing opens to an impressive foyer. The stunning 32’ sun-filled corner living room overlooks Park Avenue. The large formal dining room faces south and can easily accommodate large gatherings. These splendid rooms have nearly 11-foot ceilings, venetian plaster walls, wood-burning fireplaces and huge windows. The library is adjacent to the living room and faces Park Avenue. There is a large storage room which transfers with the apartment.
Exuding sophistication and elegance, this expansive 5,000-square-foot duplex has graciously proportioned rooms, exceptional natural light and was designed with meticulous attention to detail. The apartment spans the entire Park Avenue frontage of the building. A private elevator landing opens to an impressive foyer. The stunning 32’ sun-filled corner living room overlooks Park Avenue. The large formal dining room faces south and can easily accommodate large gatherings. These splendid rooms have nearly 11-foot ceilings, venetian plaster walls, wood-burning fireplaces and huge windows. The library is adjacent to the living room and faces Park Avenue. There is a large storage room which transfers with the apartment.
Central Park Tower, #78W (Extell Marketing Group LLC)
From the Listing:
Reside over 788’ above New York City in this half-floor residence at Central Park Tower. This gracious three-bedroom, three-and-a-half-bathroom home offers over 3,000 square feet of luxury living space.
This north, west, and south-facing, three-bedroom, three and one-half bathroom residence boasts Central Park views from the living/dining room. The formal entry foyer and gallery are fitting for this classic layout featuring ceiling heights of approximately 11'7". Floor-to-ceiling glass spans the perimeter of the entire residence, filling this home with light. The layout is perfect for entertaining and provides privacy and comfort with en-suite bathrooms as well as a separate powder room for guests.
Reside over 788’ above New York City in this half-floor residence at Central Park Tower. This gracious three-bedroom, three-and-a-half-bathroom home offers over 3,000 square feet of luxury living space.
This north, west, and south-facing, three-bedroom, three and one-half bathroom residence boasts Central Park views from the living/dining room. The formal entry foyer and gallery are fitting for this classic layout featuring ceiling heights of approximately 11'7". Floor-to-ceiling glass spans the perimeter of the entire residence, filling this home with light. The layout is perfect for entertaining and provides privacy and comfort with en-suite bathrooms as well as a separate powder room for guests.
The Hubert (BKSK Architects)
220 Central Park South (via Robert A.M. Stern Architects)
3 Available Listings for Sale from $13,650,000
Central Park Tower (Extell Marketing Group LLC)
From the Listing:
This duplex penthouse at Central Park Tower is amongst the most stunning residences in the world. With a double-height, masterfully-proportioned 65-foot Grand Salon, featuring three walls of floor-to-ceiling glass, a park-facing terrace, and views that showcase all of Central Park, the Hudson River, up to the Palisades, out to the Long Island Sound, capturing Times Square and the New York Skyline, the Statue of Liberty, the Atlantic Ocean and beyond, this home is spellbinding from sunrise to sunset, in every direction. A feat of architecture and engineering, this residence spans 12,557 square feet, features two terraces, and seven bedrooms, eight bathrooms, and two powder rooms.
This duplex penthouse at Central Park Tower is amongst the most stunning residences in the world. With a double-height, masterfully-proportioned 65-foot Grand Salon, featuring three walls of floor-to-ceiling glass, a park-facing terrace, and views that showcase all of Central Park, the Hudson River, up to the Palisades, out to the Long Island Sound, capturing Times Square and the New York Skyline, the Statue of Liberty, the Atlantic Ocean and beyond, this home is spellbinding from sunrise to sunset, in every direction. A feat of architecture and engineering, this residence spans 12,557 square feet, features two terraces, and seven bedrooms, eight bathrooms, and two powder rooms.
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?
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