Central Park Tower duplex lists for $175M

A nine-figure listing that hit the market this month has to settle for second place among New York City’s priciest listings, bested by the condominium one floor above. 

The duplex at Gary Barnett’s Central Park Tower supertall listed for a staggering $175 million, or roughly $13,936 per square foot, according to a StreetEasy listing reported by the New York Post. 

The 12,500-square-foot penthouse is on the 107th and 108th floors of Extell Development’s building at 217 West 57th Street. There are two terraces totaling 240 square feet, a conservatory, home office and seven bedrooms, five of which are on the second level.

Douglas Elliman’s Janice Chang has the listing.

Above that is a 17,500-square-foot triplex, which encompasses the 129th to 131st floors of the building. That unit became the most expensive listing in New York City when it hit the market in September for $250 million, or $14,250 per square foot. If it fetches that price, it would shatter the record for most expensive sale in the country, set at $238 million by Citadel’s Ken Griffin four years ago at 220 Central Park South.

Ryan Serhant of his eponymous brokerage holds the listing for that unit, which includes 1,400 square feet of outdoor space.

The distance between asking and sale prices has been hard to miss at the trophy property, which has relied on consistent discounts to clinch deals since closings began in Feb. 2021. A full-floor unit sold in November for $45 million, roughly $20 million below the asking price; a few months earlier, a similarly-sized apartment also sold at $20 million below asking.

Barnett has already sold more than $1 billion of units at the building, but is expected to come up short of the projected $4 billion sellout. A previous TRD analysis showed sales could top out around $3 billion.

— Holden Walter-Warner