What neighborhoods have the best luxury condos in NYC?

Manhattan's top luxury condo neighborhoods include Billionaires' Row (the 57th Street corridor), Tribeca (full-floor lofts and boutique buildings), the Upper East Side (traditional full-service white-glove buildings), the West Village (limited new development with premium pricing), and Chelsea / Hudson Yards (new construction with the most modern amenities).

What is the price range for luxury condos in NYC?

NYC luxury condos start around $4M in prime neighborhoods and scale to $250M+ for the most trophy penthouses. The typical range for a 2-3 bedroom luxury condo in a desirable Manhattan neighborhood runs $4M-$15M, with ultra-luxury full-floor units at $20M-$80M and above.

What amenities should I expect in a NYC luxury condo building?

Top NYC luxury condo buildings typically offer 24-hour doorman and concierge, valet parking, resident-only fitness centers and pools, private dining and catering kitchens, children's playrooms, pet spas, rooftop terraces, storage, and in branded residences on-site hotel-style services.

How do condos differ from co-ops in NYC?

Condos give buyers direct title to their unit and are far more flexible for financing, subletting, and international ownership. Co-ops involve buying shares in a corporation and require board approval. Condos generally have higher purchase prices but lower monthly maintenance, and are more liquid for resale and rental. Nearly all new luxury buildings are condos.

Can international buyers purchase luxury condos in NYC?

Yes. New York City condos have no citizenship or residency restrictions. International buyers can hold title individually, through an LLC, or through a foreign corporation. Many luxury condo buildings were developed with international buyers in mind and facilitate closing through international wire transfers and ITIN-based transactions.

Do I need a real estate attorney in NYC?

Yes, unlike many US states, New York real estate transactions require attorneys on both sides. Your attorney reviews the contract of sale, the building's offering plan or financial statements, and handles the closing. Legal fees typically run $3,000-$6,000.

What is a 421-a abatement and should it matter to me?

421-a is a New York City tax incentive that phases in property taxes for newly constructed residential buildings over periods ranging from 10 to 25 years. During the abatement period, annual property taxes can be 70-90% lower than the fully assessed rate. For a luxury condo, this can represent $30,000-$100,000+ in annual savings.

What are common charges in a Manhattan condo?

Common charges cover building staff, amenities, insurance, maintenance, and reserves. In a full-service luxury building, expect $1.50-$3.50 per square foot per month. A 1,500 SF two-bedroom in a white-glove building might carry $2,500-$5,000/month in common charges alone, before real estate taxes.

Midtown

Baccarat Residences

Crystal-house heritage and five-star hotel living across from MoMA

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About Baccarat Residences

Baccarat Hotel & Residences rises 50 stories at 20 West 53rd Street, in the heart of Midtown Manhattan, directly across from the Museum of Modern Art and steps from Fifth Avenue. Developed by Starwood Capital Group and Tribeca Associates and designed by Skidmore, Owings & Merrill, the tower was completed in 2015 and places 61 private condominium residences above the 114-room Baccarat Hotel, the global flagship of the legendary French crystal house.

With interiors by Tony Ingrao, the residences pair five-star hotel service with the craftsmanship the Baccarat name has represented for more than 250 years. Homes feature soaring ceilings, floor-to-ceiling windows, custom kitchens, and marble bathrooms, and many look directly over the sculpture garden of the Museum of Modern Art. Residents enjoy full access to the hotel's amenities, including the Spa de La Mer, a marble-clad swimming pool with private cabanas, the Baccarat Bar, and the Petite Salon, a private residents-only lounge.

The level of service here is genuine hotel-caliber, with a 24-hour concierge, housekeeping, in-residence dining, and valet parking all standard. For buyers who travel frequently or maintain more than one home, this lock-and-leave lifestyle with white-glove service is a significant draw, and the Midtown location keeps Fifth Avenue, Rockefeller Center, and Central Park all within easy reach.

50Stories

61Residences

2015Delivery

Building Details

Baccarat Residences at a Glance

Address

20 West 53rd Street, New York, NY 10019

Developer

Starwood Capital Group and Tribeca Associates

Architect

Skidmore, Owings & Merrill (SOM)

Year Completed

2015

Residences

Stories

Building Type

Condominium

Neighborhood

Midtown

Available Residences

Baccarat Residences Condos for Sale

What Makes It Special

Why Buyers Choose Baccarat Residences

Five-Star Hotel Service at Home

Baccarat Residences sit above the flagship Baccarat Hotel, and owners draw on its full service infrastructure: a 24-hour concierge and doorman, housekeeping, in-residence dining, and valet parking. For buyers who value a fully serviced, lock-and-leave lifestyle, particularly those who travel often or keep more than one home, this level of hotel-caliber service is a defining advantage.

A Landmark Midtown Location

At 20 West 53rd Street, the building stands directly across from the Museum of Modern Art and just off Fifth Avenue, one of the most central and recognizable positions in Manhattan. Rockefeller Center, St. Patrick's Cathedral, and Central Park are all close by, and the location is exceptionally well served by Midtown transit. Many residences enjoy direct views over the MoMA sculpture garden.

The Baccarat Brand and Craftsmanship

Baccarat has represented French crystal craftsmanship for more than 250 years, and that heritage runs through the building, from Tony Ingrao's interiors to the hotel's signature spaces. For buyers who want a branded residence with genuine provenance rather than a name applied superficially, the Baccarat offers one of the most refined expressions of the category in New York.

Refined Residences Designed by Tony Ingrao

Designed by Skidmore, Owings & Merrill with interiors by Tony Ingrao, the 61 residences feature soaring ceilings, floor-to-ceiling windows, custom kitchens, and marble bathrooms. Sitting on the upper floors above the hotel, they offer light, views, and a level of finish that reflects the Baccarat brand's commitment to craftsmanship.

Advisor Perspective

Our Take on Baccarat Residences

As advisors who have worked extensively in Midtown, we consider Baccarat Residences one of the standout branded buildings in the city. The combination of Skidmore, Owings & Merrill's architecture, Starwood Capital Group's development standard, and interiors by Tony Ingrao produced a building where the Baccarat name is backed by genuine design and craftsmanship rather than applied superficially.

For buyers weighing branded residences, the Baccarat's differentiators are its location and its service. Standing directly across from MoMA and just off Fifth Avenue, it occupies one of the most central positions in Manhattan, and the residences draw on the full service infrastructure of the flagship Baccarat Hotel. For anyone who values a lock-and-leave lifestyle with true hotel service, that is a powerful combination.

The honest consideration is that this is a Midtown tower rather than a quiet residential enclave, so it suits buyers who want to be at the center of the city's energy. With only 61 residences, availability is limited, and the specific unit, its exposure, and its views make a real difference, which is exactly where our guidance is most useful.

Our recommendation is to start with a conversation about how a residence at the Baccarat fits your plans, whether as a primary home, a pied-a-terre, or an addition to a portfolio of branded luxury properties. We can help you evaluate specific units and compare them candidly to the alternatives.

International Buyers Welcome

Foreign nationals can purchase condominiums in Manhattan with no visa or residency requirements. Many international buyers use LLCs for privacy and estate planning. Manhattan Miami specializes in guiding international buyers through the acquisition process, from financing options to closing procedures.

Read Our International Buyer Guide →

Available Residences

Currently available at Baccarat Residences

Residence PH43

20 W 53RD Street #PH43, Manhattan, NY 10019

4 Bedrooms 5.0 Bathrooms 4,545 SF

$14,995,000

View Listing Details

Residence PH43

20 W 53RD Street #PH43, Manhattan, NY 10103

4 Bedrooms 5.0 Bathrooms 4,545 SF

$14,995,000

View Listing Details

Residence 18A

20 W 53RD Street #18A, Manhattan, NY 10103

3 Bedrooms 4.0 Bathrooms 3,005 SF

$9,500,000

View Listing Details

Pricing

Residence Collection

Residences

1 to 4+ Bedrooms

Contact for Pricing

Premium finishes throughout
Open floor plans
Floor-to-ceiling windows
Chef's kitchens

Premium Residences

Select Layouts

Contact for Pricing

Corner exposures
Expanded living spaces
Custom finishes available
Private outdoor space

Residences from $3,500,000

Request Full Pricing

Amenities

Building Amenities

Baccarat Residences offers residents full access to the amenities and services of the flagship Baccarat Hotel in the heart of Midtown.

Wellness & Pool

Spa de La Mer
Marble-clad swimming pool with private cabanas
Fitness center

Dining & Social

The Baccarat Bar
Grand Salon
Petite Salon residents-only lounge

Hotel Services

24-hour concierge and doorman
Housekeeping
In-residence dining
Valet parking

Design & Architecture

The Visionaries

Skidmore, Owings & Merrill (SOM)

Architecture

Skidmore, Owings & Merrill (SOM) brought their distinctive vision to Baccarat Residences, creating a building that stands as a landmark in Midtown.

Starwood Capital Group and Tribeca Associates

Development

Starwood Capital Group and Tribeca Associates developed Baccarat Residences with a commitment to quality construction, premium materials, and exceptional resident experience.

Midtown

Living in Midtown

Baccarat Residences enjoys a prime Midtown location with easy access to world-class dining, shopping, cultural institutions, and green spaces. The neighborhood is well-served by multiple subway lines and offers the best of Manhattan living.

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FAQ

Frequently Asked Questions

Where is Baccarat Residences located?

Baccarat Residences is located at 20 West 53rd Street, on 53rd Street between Fifth and Sixth Avenues, in the Midtown neighborhood of Manhattan, New York. The building stands directly across from the Museum of Modern Art and just off Fifth Avenue, close to Rockefeller Center and Central Park.

Who developed Baccarat Residences?

Baccarat Hotel & Residences was developed by Starwood Capital Group in partnership with Tribeca Associates, and designed by Skidmore, Owings & Merrill, with residential interiors by Tony Ingrao. The building was completed in 2015 as the global flagship of the Baccarat hotel brand.

What types of residences are available?

The building offers 61 private condominium residences above the hotel, ranging from one- to four-bedroom homes up to a five-bedroom penthouse duplex with outdoor terrace. Residences feature soaring ceilings, floor-to-ceiling windows, custom kitchens, and marble bathrooms, with many offering views over the MoMA sculpture garden. Availability varies, and our team can share current listings.

What amenities and services do residents receive?

Residents have full access to the Baccarat Hotel's amenities, including the Spa de La Mer, a marble-clad swimming pool with private cabanas, the Baccarat Bar, and the Petite Salon residents-only lounge. Hotel-caliber services are standard, including a 24-hour concierge and doorman, housekeeping, in-residence dining, and valet parking.

What makes Baccarat Residences distinctive?

The Baccarat pairs a landmark Midtown location across from MoMA with genuine brand heritage: more than 250 years of French crystal craftsmanship, expressed through Tony Ingrao's interiors and the hotel's signature spaces. Combined with full five-star hotel service and a limited collection of only 61 residences, it is one of the most refined branded offerings in New York.

What are the expected price points?

As a resale condominium, pricing at Baccarat Residences varies by residence size, floor level, exposure, and layout, spanning one-bedroom homes up to the penthouse duplex at the top of the building. Values move with the market, so contact our team for current availability and pricing tailored to what you are looking for.

Can your team provide a private consultation about Baccarat Residences?

Yes. Our team works extensively in Midtown and can provide a full briefing on Baccarat Residences, including current listings, recent sales, floor plans, and how the building compares to other branded and new-development options nearby. We offer candid, buyer-focused advice.

Get in Touch

Your Baccarat Residences Awaits

Our specialists will provide personalized pricing, floor plans, and exclusive developer incentives.

Address

20 West 53rd Street, New York, NY 10019

Email

info@manhattanmiami.com

Phone

+1 (305) 903-3557

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Manhattan Real Estate Market Intelligence

Market Context: Manhattan luxury condominium pricing is segmented by sub-market. The Billionaires’ Row corridor (57th Street, between Park Avenue and Columbus Circle) carries the highest price-per-foot in the United States, with trophy residences trading $4,000-$10,000+ per SF. Downtown Manhattan (Tribeca, West Village, Soho) has its own ultra-luxury tier driven by limited supply of new development. Upper East Side and Upper West Side condo medians sit materially below downtown trophy levels but offer larger floor plates and Central Park access. Pricing in Manhattan is sensitive to interest rates, mansion-tax brackets, and the offering-plan stage of any given building.

Sponsor-direct new development in 2026 includes 80 Clarkson (West Village), 255 East 77th (Upper East Side), 140 Jane (West Village), 1122 Madison (Carnegie Hill), and Mandarin Oriental Fifth Avenue. Completed buildings with sponsor inventory remaining include Central Park Tower, 220 Central Park South, 53 West 53, 111 West 57th, and 50 West 66th. Each carries a distinct sponsor history, construction lender, offering-plan amendment cadence, and 421-a or other tax-abatement status that must be diligenced individually.

Why This Matters: Manhattan’s structural inputs include the New York Attorney General-supervised offering plan process (provides buyer-side procedural protection not available in less-regulated markets), the depth of the resale market (high liquidity at exit), and constrained near-term supply (limited zoning capacity in core sub-markets). Risks to underwrite at contract: mansion-tax bracket inflation above $2M, transfer-tax assumption by buyer on sponsor sales, lot-line and view-corridor exposure on specific lots, condo board sublet and resale policies, and 421-a phase-out schedule where applicable. Status of any individual project, sponsor inventory level, AG offering plan amendment, pricing, or sales percentage should be verified at the time of inquiry.

Key Facts

Trophy Manhattan condo $/SF range: $1,500-$10,000+
Billionaires’ Row average $/SF: $4,000-$10,000+
Downtown trophy (Tribeca/West Village) $/SF: $2,500-$6,000+
Mansion tax: 1% above $1M, graduated brackets above $2M for buyer
Typical sponsor contract deposit: 10%-20% at signing
Standard buyer-attorney review window: 1-3 business days from contract delivery
Sponsor-side commission: developer pays buyer agent on sponsor sales
Tax-abatement programs (where applicable): 421-a, J-51, status verified building-by-building
Foreign-national LLC ownership: common, structured at contract

Buyer Procedure

Manhattan sponsor-sales procedure: reservation form → offering plan delivery → buyer attorney review → contract execution and initial deposit → mortgage commitment (if financed) → closing at delivery. Sponsor-inventory and resale procedures differ; advisory pre-tour planning is recommended.

Manhattan Real Estate FAQs

What is the New York Attorney General offering plan?

The offering plan is the legal document filed with the New York Attorney General that governs the sale of every Manhattan condominium. It defines deposit handling, unit specifications, common charges, real estate taxes, sponsor obligations, and buyer protections. No Manhattan condo sale closes outside the framework of an accepted offering plan; amendments are filed periodically and reviewed by buyer attorneys at contract.

What is sponsor inventory?

Sponsor inventory refers to unsold units still held by the building’s developer (the “sponsor”). Sponsor units are brand-new, never lived-in, and may include negotiable pricing, closing-cost credits, and access to tax-abatement programs where the building has them. Sponsor-side transactions follow the offering plan, not the standard resale contract.

What tax abatements apply in Manhattan?

421-a is the most common Manhattan condo abatement, providing reduced real-estate-tax exposure for 10 to 25 years on qualifying new developments. J-51 applies to specific rehabilitated buildings. Each abatement has a phase-out schedule and building-specific qualification status that must be verified in the offering plan and the most recent tax certificate.

What closing costs apply on a Manhattan condo?

Typical buyer-side closing costs run 2% to 4% of price, including NYC and NYS transfer taxes (often assumed by buyer on sponsor sales), mansion tax (1% above $1M with graduated brackets above $2M), title insurance, buyer attorney fee, mortgage recording tax if financed, and prorated common charges and real estate taxes.

Are common charges the same as HOA fees?

No. Manhattan condos use the term “common charges,” not HOA fees. Common charges fund building operations, staff, amenities, and reserves. Real estate taxes are billed separately by NYC and are not part of common charges.

How does Manhattan Miami get paid on Manhattan transactions?

On sponsor-side new development purchases, the developer pays Manhattan Miami’s buyer-agent commission. Buyer representation is at no out-of-pocket cost to the buyer. On resale transactions, commission arrangements are disclosed at engagement.