A storied duplex at 740 Park Avenue, an address synonymous with old-guard New York wealth, just grabbed the title of priciest Manhattan home to go into contract this week. The Rosario Candela designed co-op logged the top asking price among all properties that found buyers between May 18 and May 24.
Duplex at 740 Park Sets the Pace
Unit 6/7D at 740 Park Avenue led the pack among 29 Manhattan homes asking $4 million or more that entered contract between May 18 and May 24. The duplex carried a last asking price of $22 million. Across those 29 signed contracts, total asking prices came to $228 million, with an average of about $7.9 million and a median of $6 million, according to The Real Deal.
The duplex, listed by Corcoran agents Cathy Franklin, Alexis Bodenheimer and Shannon Suydam, first hit the market in February 2025 with an initial asking price of $28 million before later dropping to $22 million. The listing details five bedrooms, five full bathrooms, 11-foot ceilings, three wood-burning fireplaces and a private elevator landing, according to StreetEasy.
Extell’s Upper West Side Tower Not Far Behind
The runner-up deal came from Extell Development's 50 West 66th Street, where a 2,800-square-foot condo that had been asking $16.7 million entered contract and ranked second for the week. The unit was listed with three bedrooms and three bathrooms and features ceilings over 14 feet plus a loggia with views toward the Hudson and Central Park, according to The Real Deal. The tower's amenity package includes a fitness center, indoor and outdoor pools and pickleball courts, per New York YIMBY.
What the Numbers Say About Luxury Buyers
The week’s leaderboard shows that headline addresses and glossy new towers can still command attention, but not always at their first sky-high price. Even marquee co-ops and fresh supertalls often need time and cuts before a buyer signs. Observers who track weekly tallies and local market reporting note that many high-end listings sit on the market for more than a year and are seeing discounts as buyers stay choosy, a trend reflected in recent coverage by CityRealty.
