A penthouse at Central Park Tower on Manhattan’s Billionaires’ Row has offered to an unidentified worldwide purchaser for $115 million, making it the primary residential sale in New York Metropolis over $100 million since 2022.
At Inman Join Las Vegas, July 30-Aug. 1 2024, the noise and misinformation can be banished, all of your large questions can be answered, and new enterprise alternatives can be revealed. Be a part of us.
A penthouse at New York Metropolis’s Central Park Tower on Manhattan’s Billionaires’ Row has closed for $115 million, the costliest transaction to hit the town since 2022, The Actual Deal reported.
The Extell-developed property first went below contract in January, The Wall Avenue Journal reported. Fredrik Eklund and John Gomes of the Eklund | Gomes Crew at Douglas Elliman with group member Kent Wu introduced the unidentified worldwide purchaser to the transaction, Eklund introduced on Instagram.
TAKE THE INMAN INTEL INDEX SURVEY FOR JUNE
In 2023, there have been no residence gross sales in New York Metropolis above $100 million. The final properties to promote at that threshold within the metropolis had been a $188 million penthouse offered by hedge funder Daniel Och to Alibaba co-founder Joseph Tsai and two East 66th Avenue residences, which offered for $101 million. Each offers had been performed in 2022.
The 12,000-square-foot duplex, which boasts 30-foot ceilings and Central Park views, was first marketed at $175 million final yr. The asking value was later lower to $150 million earlier than the client put in a proposal.
Extell Advertising and marketing Group and Corcoran Sunshine represented the itemizing.
Central Park Tower launched gross sales in 2018 and made headlines for turning into the world’s tallest residential tower, in addition to having items with astronomical asking costs.
One other penthouse on the property first requested $250 million, however has since been diminished to $195 million. Ryan Serhant is the itemizing agent for that 18,000-square-foot triplex.
Gary Barnett of Extell instructed The Actual Deal that the event group finally opted to let go of the “headline price” to “get serious” about promoting the triplex.
The projected sellout of Central Park Tower was initially estimated at $4 billion, however with a number of items’ subsequent value cuts, that estimate was later downgraded to $3 billion, in keeping with The Actual Deal.
Get Inman’s Luxurious Lens E-newsletter delivered proper to your inbox. A weekly deep dive into the most important information on this planet of high-end actual property delivered each Friday. Click on right here to subscribe.
