Manhattan’s luxurious market picked up steam final week, topped by a unit at Extell Development’s Central Park Tower.
The rental at 217 West 57th Road, 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, in response to 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 condos off of flooring plans in 2018, although the developer has dropped the value a number of occasions within the years since, in line with a slew of discounts on the Billionaires’ Row supertall.
The residence spans greater than 3,100 sq. ft and has three bedrooms and three bogs. 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 ft, embrace indoor and out of doors swimming pools, a health middle and residents’ lounge on the one hundredth flooring. An in-house workforce 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 up to now 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 most costly residence to snag an inked deal was the sixth flooring at 988 Fifth Avenue, with an asking value of $18.5 million. The prewar rental, which hit the market final Could with a price ticket just below $20 million, final traded for $11 million in 2008.
The renovated residence has 5 bedrooms and 4 bogs unfold throughout roughly 3,600 sq. ft. It additionally incorporates a limestone hearth in the lounge, a proper eating room and views of the Metropolitan Museum of Artwork and Central Park.
Facilities within the 12-unit constructing, inbuilt 1925, embrace doormen, storage models and a live-in resident supervisor.
Compass’ Elizabeth Sahlman, Lorand Kovacs, Clay Ezell and Becca Schreiber had the itemizing.
The constructing’s penthouse is available on the market once more, relisted with a value lower in Could 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 everyday residence spent greater than two years available on the market and was discounted by 16 %.
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