Manhattan’s luxurious market picked up steam final week, topped by a unit at Extell Development’s Central Park Tower.
The apartment at 217 West 57th Avenue, asking $20.5 million, was the priciest of 24 houses within the borough asking $4 million or extra to seek out consumers between Aug. 24 and Aug. 30, based on Olshan Realty’s weekly report. The overall was up from simply 15 offers inked within the previous period.
Gary Barnett’s agency initially sought almost $25 million for Unit 68E when it started advertising and marketing condos off of ground plans in 2018, although the developer has dropped the worth a number of instances within the years since, consistent with a slew of discounts on the Billionaires’ Row supertall.
The condo spans greater than 3,100 sq. toes and has three bedrooms and three loos. It additionally options 11-foot ceilings and floor-to-ceiling home windows overlooking Central Park.
Facilities within the tower, often known as the world’s tallest residential constructing standing at 1,550 toes, embrace indoor and out of doors swimming pools, a health middle and residents’ lounge on the a hundredth ground. An in-house staff with Extell is heading gross sales on the property.
Whereas the variety of pending offers has dipped over the previous few weeks, as is typical for the market right now of 12 months, it hasn’t slowed down the borough’s trophy market, which has thus far outperformed final 12 months’s numbers. Because the begin of 2026, consumers have signed contracts for 218 properties asking $10 million or extra, up from 202 in the identical interval in 2025.
The second costliest house to snag an inked deal was the sixth ground at 988 Fifth Avenue, with an asking value of $18.5 million. The prewar apartment, which hit the market final Might with a price ticket just below $20 million, final traded for $11 million in 2008.
The renovated condo has 5 bedrooms and 4 loos unfold throughout roughly 3,600 sq. toes. It additionally encompasses a limestone fire in the lounge, a proper eating room and views of the Metropolitan Museum of Artwork and Central Park.
Facilities within the 12-unit constructing, in-built 1925, embrace doormen, storage items and a live-in resident supervisor.
Compass’ Elizabeth Sahlman, Lorand Kovacs, Clay Ezell and Becca Schreiber had the itemizing.
The constructing’s penthouse is in the marketplace once more, relisted with a value minimize in Might after it was pulled in early April. The duplex with a wraparound terrace is now asking just below $28 million, down from $29 million when it hit the market final August.
Of the 24 properties to enter contract, 12 had been condos, seven had been co-ops and 5 had been townhouses.
The houses had been priced at a mixed $189 million, which works out to a mean of $7.9 million and a median of $6.2 million. The standard house spent greater than two years in the marketplace and was discounted by 16 p.c.
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