While housing prices across the United States are still well below pre-crisis peaks, the very top of the Manhattan home market continues to shatter price records.
The $88 million sale of this apartment at 15 Central Park West in December set a record for the highest price ever paid for a Manhattan apartment. (Former Citigroup boss Sandy Weill once lived there.)
Just a few months later, a buyer broke the record, paying a reported $90 million for a duplex penthouse in One57, a building under construction at 157 West 57th Street.
Who will set the next record? It’s likely to be the buyer of one of the following 10 properties, currently the most expensive listings in Manhattan, including a few priced above $100 million—a line that no apartment in New York has ever crossed.
As you click ahead, in addition to traditional “condos,” which you own as you would a house, you’ll see apartments that are listed as “co-op” and “condop.”
With a “co-op,” you don’t actually own the apartment; you own shares of a cooperative housing corporation. In return, you get to “lease” space (the apartment) in the building.
A “condop” is a building with co-op apartments and commercial space (retail units, office units or even a garage), which can be rented or sold separately by the building’s developers.
That said, the 10 ahead share one quality: expense!
By Robert Frank
Updated October 10, 2012