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
Unit: Duplex penthouse; condo
Details: 8 rooms, 4 bedrooms, 4.5 baths; approx. 7,493 sq. ft. interior and 4,500 exterior.
If you are thinking of writing the nearly $50 million check for this place, set aside some extra cash for plenty of Windex — there’s literally tons of glass. In fact, the entire unit rests on an Art Deco building in New York’s swanky TriBeCa (Triangle Below Canal Street) district, enveloped in museum-quality, insulated glass. There’s even a $750,000 glass staircase inside.
Use all those windows to soak in 360-degree panoramic views of Manhattan and the Hudson River. And toss in a New York City rarity with this condo: a deeded parking space.
Unit: Unidentified high floor; co-op
Details: 18 rooms, 6 bedrooms, 6.5 baths; approx. 5,000 sq. ft.
This is what they mean when they say “white-glove” New York exclusivity. This full-floor apartment, in a building built in 1925, features Italian Renaissance palazzo style and was featured in "Architectural Digest."
You get plenty of windows — 30 in all — to gaze out above the trees of Central Park, plus a separate guest apartment with a private entrance. "The New York Times" reports the apartment was bought by a private investor and his wife 14 years ago, who are looking to sell because their kids are grown and it’s “too much space for two people.” Your neighbors? Also according to the Times: Barbara Walters, and several Wall Street executives.
Unit: 33rd floor — condo
Details: 8 rooms, 2 bedrooms, 3.5 baths; approx. 4,536 sq. ft.
This residence atop the Ritz-Carlton hotel — steps away from The Plaza — is one of only 12 condos for sale at this address. It features views of Central Park and the city skyline, and interior design by Michael Smith, who has been handling decorator duties at the White House since 2008.
Also inside this unit — which spans the entire 33rd floor — is a library inspired by Coco Chanel’s Paris apartment.
You’ll also have casino and resort mogul Steve Wynn as a neighbor; he bought a $70 million condo at this address in June 2012.
Unit: 79th floor — condo
Details: 7 rooms, 4 beds, 4 baths; approx. 6,240 sq. ft.
At more than 1,000 feet tall, One57 (as it’s been dubbed by its developer, Extell) has bragging rights to being the tallest residential building in New York — at least until 432 Park Avenue is completed.
One57 is slated for completion at the end of 2013 or in early 2014. (This photo and the two others you will see in this slideshow are representations).
Designed by Pritzker Prize-winning French architect Christian de Portzamparc, One57 is perched atop the Park Hyatt Hotel, with floor-to-ceiling windows overlooking Central Park.
Extell reports that 50 percent of the building is already sold, with $1 billion in transactions. And speaking of billions, "The New York Times" reports that a couple of billionaire fashion executives who took Michael Kors public — Silas K.F. Chou and Lawrence Stroll — each purchased $50 million units.
This representation of an apartment at 157 W. 57th St. has views of Central Park, the Hudson River, the state of New Jersey and more.
Units: 8th Floor (807-809); condo
Details: 10 rooms, 4 bedrooms, 4.5 baths; approx. 5,580 sq. ft.
Call it 1 Central Park South — though most New Yorkers still call it The Plaza. This unit sits above the definitive New York hotel that opened its doors in 1907 and has served heads of state, the Beatles, as well as movie shoots from The Way We Were to The Great Gatsby to Crocodile Dundee.
For $55 million, you get 11-foot ceilings, views of Central Park and Fifth Avenue and separate quarters for staff. In July 2012, a controlling stake in The Plaza was sold to India’s Sahara Group for $570 million.
Type: 83rd floor — condo
Details: 7 rooms, 4 bedrooms, 4.5 baths; approx. 6,240 sq. ft.
This representation of a unit in 157 W. 57th St. (now under construction) offers a birds-eye view of Central Park, stretching north amid upper Manhattan.
Unit: Penthouse — condop
Details: 12 rooms, 6 bedrooms, 8 baths; approx. 9799 sq. ft. interior, 2,319 sq. ft. exterior
This full-floor penthouse sits atop the tony Mark Hotel, built in 1927 and now a New York landmark. It features a living room with 26-foot ceilings, a skylit conservatory with a custom-designed staircase, private elevator access and a private rooftop pavilion.
This unit is a “condop” — a combination of condo and co-op ownership structures. The perks start before you go outside, including a Jean-Georges Vongerichten restaurant in the lobby.
Residents can stop in at the nearby Metropolitan Museum of Art before hitting Madison Avenue shopping (Prada, Gucci and Dolce and Gabbana, among others).
Details: 7 floors, 35-by-78-ft. structure; approx. 18,000 sq. ft.
Built in 1916, this townhouse is one of three on the block Frank Woolworth, founder of Woolworth’s discount retail chain, built for his daughters. But this is no five-and-dimer.
The Neo-French Renaissance home features eight wood-burning fireplaces and a dining room that seats more than 50 people; be prepared to host plenty of family get-togethers.
The townhouse was owned by the late Lucille Roberts, who founded the eponymous chain of health clubs. Foot Locker is the surviving corporate entity of the F.W. Woolworth company.
Unit: Penthouse, 75/76 floors — condo
Details: 12 room, 6 bedrooms, 6 baths; approx. 13,554 sq. ft.
This third and final representation of 157 W. 57th St. shows the building's lower exterior. The least expensive of the apartments is $55,000,000 on the 79th floor.
Unit: Penthouse – 95th floor
Price: more than $82 million
Details: 6 bedrooms; approx. 8,200 sq. ft.
This property being built on the site of the former Drake Hotel is expected to top the most expensive list when it comes onto the market. The Drake was a favorite of stars and was made famous for the rock generation when Led Zeppelin was robbed of $200,000 in cash there back in 1973.
Expected to be completed in 2015, the building will contain more than 140 residential units, totaling $2.43 billion, according to filings. It will soar to 1,379 feet — which would make it the tallest apartment building in New York.