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.
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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 Road Journal reported. Fredrik Eklund and John Gomes of the Eklund | Gomes Staff at Douglas Elliman with group member Kent Wu introduced the unidentified worldwide purchaser to the transaction, Eklund introduced on Instagram.
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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 Road flats, which offered for $101 million. Each offers had been carried out 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 worth was later reduce to $150 million earlier than the customer put in a suggestion.
Extell Advertising and marketing Group and Corcoran Sunshine represented the itemizing.
Central Park Tower launched gross sales in 2018 and made headlines for changing 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 lowered 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 in the end 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 worth cuts, that estimate was later downgraded to $3 billion, in keeping with The Actual Deal.
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