A full-floor condo high up in Central Park Tower went into contract last week, grabbing the top spot among Manhattan’s luxury deals in a holiday-shortened stretch. The 113th-floor sponsor residence was last asking $54.9 million and spans roughly 7,000 square feet, with oversized entertaining spaces and multiple bedrooms. It was the most expensive of 15 Manhattan properties priced at $4 million or more to find a buyer between June 29 and July 5.
Unit details and listing history
As reported by The Real Deal, the 113th-floor home is laid out with five bedrooms, five full bathrooms, a library and a 50-foot great room wrapped in floor-to-ceiling glass. Extell first rolled out its full-floor layouts at Central Park Tower off a 2018 offering plan, initially marketing this line at about $63 million. Listing materials highlighted a kitchen and living areas that look straight out over Central Park and the Midtown skyline.
Where this fits in recent sales
The new contract follows a run of lofty deals in the supertall. A full-floor residence on the 121st floor closed for about $47.5 million in November, illustrating how some sky-high units have sold below earlier asking prices, according to Mansion Global. In a separate slice of the tower, sponsor unit 82E hit the market at $26.7 million earlier this year, per StreetEasy. Together, the deals sketch a picture of a market where top-tier trophy inventory still finds takers, even as pricing proves more flexible than in the early days.
Market snapshot from the weekly report
Per the weekly Olshan report, the 15 Manhattan homes that went into contract from June 29 through July 5 carried a combined asking price of roughly $153 million, with an average ask of about $10.2 million and a median of $5.7 million, according to The Real Deal. Most of the properties were condos, the typical listing had been sitting on the market for over a year, and sellers were conceding an average discount of around 13 percent. Douglas Elliman’s Liza Nematnejad was identified as the buyer’s agent on the Central Park Tower contract.
Building background and sales team
Central Park Tower is marketed as the world’s tallest residential skyscraper and holds about 179 units, with amenities that include indoor and outdoor pools, a fitness center and a residents’ club room on the 100th floor, according to building listings. StreetEasy shows that an in-house Extell marketing team led by Gabriele Tonini has been steering sales at the building. For owners and brokers, the latest full-floor contract is another reminder that even in a highly selective market, sky-high product at the very top still manages to turn heads.
