Central Park Tower’s $115M deal tops Manhattan luxury contracts

Extell Development claims price record

Central Park Tower Unit Tops Market
Extell Development's Gary Barnett along with 217 West 57th Street (Getty, Extell Development, Google Maps)

Central Park Tower scored Manhattan’s top contract last week for the second time this year, this time claiming a historic price. 

Unit 107/108 at 217 West 57th Street went into contract with an asking price of $149.5 million, according to Olshan Realty’s weekly report of homes in the borough asking $4 million or more. The unit in the supertall had been discounted down from its initial asking price of $175 million in 2018. 

The price of the seven-bedroom, eight-bathroom home was close to $115 million, according to the Wall Street Journal, marking one of the top five sales in Manhattan residential history if it closes at that price. 

The duplex condo spans 12,500 square feet and has two terraces totaling 200 square feet. It also has a 2,100-square-foot great room with 27-foot ceilings.

Central Park Tower is a 1,550-foot-tall skyscraper with 179 units and more than 50,000 square feet of amenity space, including indoor and outdoor pools, a club with a ballroom, dining facilities and a cigar lounge. 

Corcoran Sunshine had the listing. Kent Wu, John Gomes and Frederik Eklund of the Eklund-Gomes Team represented the anonymous buyer.

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The second most expensive home to enter contract was a townhouse at 15 Bank Street, with an asking price of $30 million. 

The home, which listed in early December, has five bedrooms and five bathrooms across four stories. The seller bought the 22-foot-wide house for under $11.8 million in 2007. Annual real estate taxes are $92,000. 

Corcoran’s Deborah Grubman had the listing.

Of the 19 homes to enter contract last week, 12 were condos, five were co-ops and two were townhouses. 

The homes’ combined asking price was $330.5 million, which works out to a median asking price of $7.3 million and an average asking price of $17.4 million, pulled way up by the pricey Central Park Tower deal. The typical home got a 9 percent discount and spent 527 days on the market.