A unit at Central Park Tower has secured the highest-priced contract for a Manhattan residence last week, according to Olshan Realty. The property, Unit 82E, was listed with a final asking price of $26.7 million after being reduced from its initial $34.5 million in the developer’s offering plan. The apartment measures nearly 4,300 square feet and includes four bedrooms and four bathrooms, with floor-to-ceiling windows that offer views of Central Park.
Central Park Tower features over 50,000 square feet of amenities such as indoor and outdoor pools, a fitness center, and a club room on the 100th floor that includes a ballroom, bar, dining area, and cigar lounge. Sales are managed by an in-house Extell team led by Gabriele Tonini and Tim Rizzo alongside Corcoran Sunshine Marketing Group’s Kane Manera and Janet Wang.
The building is marketed as the tallest residential tower in the world at 1,550 feet. Recent transactions have seen units close following significant price reductions. For example, Unit 84E sold for $25 million more than two years ago; a full-floor unit on the 116th floor closed for $46 million last year after dropping its asking price by $7 million; another unit spanning the entire 121st floor closed for $47.5 million in November after reducing its price from over $65 million to $55 million before selling.
The second most expensive contract signed last week was for Unit 43S at 50 West 66th Street—another tower developed by Extell—which had an asking price close to $24 million. This four-bedroom condo covers approximately 3,500 square feet with living room ceilings over 14 feet high facing Central Park. Unlike Central Park Tower units that have generally seen discounts from their original offering prices, this unit’s current price is higher than its initial listing of just over $22 million.
Sales at 50 West 66th Street are managed by Extell Marketing Group along with teams from Douglas Elliman (led by Janice Chang and Timothy Hsu) and Corcoran (led by Beth Benalloul and Hilary Landis). Janice Chang represented the buyer for Unit 43S.
Extell has also developed several large apartments within these buildings which have achieved some of their highest sales figures—for instance, Unit 41E at 50 West 66th Street spans about 7,000 square feet with six bedrooms and sold for more than $46 million in December. Amenities at this building include indoor and outdoor pools as well as courts for squash, basketball, pickleball, plus a porte-cochere entrance.
Last week saw a total of thirty-three contracts signed in Manhattan for homes listed at or above $4 million—a rise from twenty-three during the previous period—with deals covering condos (twenty-five), co-ops (five), one cond-op property, and three townhouses.
For January overall, Manhattan’s luxury real estate market remained similar to last year: there were one hundred three contracts totaling approximately $885 million this year compared to ninety-six contracts worth about $896 million last year.
