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The Texas Reporter > Blog > Real Estate > Central Park Tower’s priciest penthouse faraway from market
Real Estate

Central Park Tower’s priciest penthouse faraway from market

Editorial Board
Editorial Board Published July 30, 2024
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The 17,500-square-foot triplex that when requested $250 million was closely featured in Serhant’s new Netflix collection, “Owning Manhattan.” It’s unclear who will now rep the itemizing.

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One of many priciest penthouses to ever be marketed in Manhattan has been taken off the market, and it seems that itemizing dealer Ryan Serhant is not repping the property, The Actual Deal reported.

Extell Growth’s penthouse at Central Park Tower, dubbed by SERHANT. advertising and marketing supplies as “The One Above All Else” for its standing because the tallest residential property on the planet, requested a surprising $250 million when it first hit the market in 2022.

The 17,500-square-foot triplex was closely featured in Serhant’s new Netflix collection, Proudly owning Manhattan, exhibiting Serhant and a few of his prime brokers beating the pavement in an try and promote the unit earlier than the agency’s six-month contract with Extell expired.

In September 2023, the asking value on the unit was slashed to $195 million. As of the premiere of Proudly owning Manhattan on the finish of June, SERHANT. was nonetheless repping the property. About one week later, the penthouse was faraway from the market.

Serhant was unavailable to remark to Inman, and Extell didn’t reply to a request for remark by press time.

When the property’s value was lower final fall, Extell founder Gary Barnett stated the preliminary asking costs within the constructing have been “headline prices” and the low cost was made “to get serious” about promoting the unit.

The penthouse’s delisting comes simply weeks after one other, lower-priced penthouse unit within the constructing offered for $115 million. Fredrik Eklund, John Gomes and Kent Wu of Douglas Elliman’s Eklund | Gomes Workforce introduced the customer. The deal marked the primary New York Metropolis residential sale above $100 million since 2022.

In the course of the second week in July, one other $100 million-plus sale transacted when developer Vlad Doronin laid down $135 million for a penthouse at his personal luxurious condominium conversion challenge on the Crown Constructing. In 2019, Doronin advised The Wall Road Journal that an Asian investor agreed to buy the unit.

In June, nine-figure offers began rising in frequency throughout the nation. By that month, the variety of gross sales over $100 million nationwide had already surpassed the overall of such offers closed in 2023, in keeping with appraisal agency Miller Samuel.

Central Park Tower has one more penthouse at present on the market with an ask of $150 million. Shlomi Reuveni of Reuveni Growth Advertising and Christie’s Worldwide Actual Property Group are representing the itemizing.

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E-mail Lillian Dickerson

TAGGED:centralMarketparkpenthousepriciestremovedTowers
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