New York City has some of the priciest real estate in the world. Where else can someone spend $250 million on a single apartment? While that's not the norm in luxury condo pricing, the average price of a luxury property in Manhattan is still $7.7 million in Q4 2025. With this article, I wanted to focus on a list of the most expensive Manhattan apartments, ranking the top sales and most notable properties in the city. To-date, the most expensive manhattan apartment for sale has been Central Park Tower where the triplex luxury penthouse, considered a true trophy property, was listed in the fall of 2022 at that asking price of $250 million. If the property sells at that price, it will be the most expensive property in Manhattan to ever sell. In the meantime, there are other notable properties that are among the most expensive in NYC. I'm sure you will be intrigued.
To-date the most expensive apartment in NYC that has been sold is next door at the ultra-luxury220 Central Park South, where a penthouse sold for $238 million. This record sale was completed as an off-market transaction, even before it even hit the market. Overlooking Central Park, this apartment is on 4 floors and has 23,000 square feet of interior space and 649 square feet of outdoor space. At $238 million it is clearly the single most expensive home in the US and is one of architect Robert A.M. Stern’s signature designs. The buyer, billionaire Ken Griffin, founder of the hedge fund [LINK 1], purchased this four-floor penthouse at 220 Central Park South. Apartments like those at 220 Central Park South attract high-profile buyers due to their ultra luxury features and locations, namely directly on Central Park. Manhattan’s legendary exclusive luxury apartment listings, such as this penthouse, are renowned for their prestige and record-breaking sales.
Who was the buyer? Billionaire Ken Griffin, founder of the hedge fund Citadel. While the $238 million price tag is certainly an outlier, NYC has seen some properties in its newest towers trade upwards of $90 - 100 million, record prices for the city.
Recent sales in 220 Central Park South reaffirm its high value, including an $82.5 million unit sold in March 2025.
Central Park Tower, located on Billionaire’s Row, is the world’s tallest residential building, standing at an impressive 1,416 feet. The building’s crowning glory is its penthouse apartment, which is the world’s highest apartment, offering breathtaking views of Central Park and the Manhattan skyline. The penthouse boasts 17,545 square feet of interior space, seven bedrooms, eight bathrooms, three powder rooms, and a private elevator. The apartment also features floor-to-ceiling windows, a private terrace, and a media room, making it the ultimate in luxury living. With its unparalleled height and luxurious amenities, the Central Park Tower penthouse sets a new standard for opulence in New York City.
In early 2023, the top Penthouse at Central Park Tower, the tallest residential tower in the world, which takes up 3 full floors, was listed for $250 million and a duplex of two full floors in the same building listed for $175 million. While those prices have come down to $195 million and $150 million respectively, 2024 saw a lower floor duplex unit sell for close to $120 million - a record breaking amount for the building, highlighting the exclusivity and unique features of each unit. The triplex penthouse at Central Park Tower features 27-foot ceilings and views that reportedly let you see the curvature of the earth. As you might have guessed, Central Park Tower features the world's highest residential terrace.
Why are the richest men and women in the world cherry-picking $90, $45, or $25 million residences? It is a global phenomenon. These homes are marketed worldwide by top real estate agencies, using strategic promotion to attract global attention and high-net-worth buyers. It is a signifier that Manhattan is the capital of the world and the Manhattan brand is untarnished. It costs an average of $1.8 million to buy a piece of the Big Apple, and that’s just in Manhattan. But, this is just the starting point . When looking at real luxury residential homes in the city, the price is multiple times higher. For many, these apartments also represent a significant investment opportunity, given their potential for appreciation and prestige. The wealthiest 10% of Americans hold approximately 18.7% of their total wealth in real estate, underscoring the importance of these properties as both status symbols and financial assets.
For those looking for the most expensive property in Manhattan, the buyer will concentrate in the ultra-luxury segment, not just the luxury segment. The luxury segment is defined as the top 10% of sales in Manhattan. Accordingly, the average price of a luxury property is $7.7 million or $2,900 per square foot. The luxury segment, however, can be divided further into ultra luxury (approximately $5,000 per square foot and up), super luxury ($3,000 - $5,000 per square foot) and luxury (the rest in that top 10%). The most expensive house in NYC can trade at $13,000 per square foot or more. Buyers are increasingly focused on value, considering not just price but also rarity, lifestyle, and long-term investment potential. There has been a 35% increase in apartment sales surpassing $40 million since early 2021, reflecting the growing demand for ultra-luxury properties. Since 2003, there have been 146 apartment sales in Manhattan that surpassed the $40 million mark, underscoring the enduring appeal of these high-value properties.
What distinguishes the most expensive homes for sale from the ordinary? Features such as a grand salon, full floors, private outdoor space, floor to ceiling windows, and oversized living spaces. These properties generate significant interest, with high levels of buyer inquiries and tours, even during periods of market volatility. Private accommodations in many penthouses include separate wings for the primary suite and multiple bedrooms with en-suite bathrooms, offering unparalleled privacy and luxury. In addition to grand salons and private outdoor spaces, these homes often feature a sitting room, enhancing the opulent living experience. For those searching for the most expensive property in Manhattan, buyers often use advanced search tools and features to find luxury listings that match their criteria.
Which other buildings have the most expensive Manhattan condos for sale? While the Upper East Side has its fair share, downtown Manhattan also has some great buildings such as 150 Charles Street, the Woolworth Building, 15 Central Park West, and Madison Park Square Tower. Most recently, Billionaire’s row towers that boast Central Park views, has attracted some of the most expensive properties with the addition of Central Park Tower, 15 Central Park West, 520 Park Avenue, 432 Park Avenue, One 57, 111 West 57th St, 53 W53rd Street and Time Warner Center. Properties priced over $10 million are primarily located in upscale neighborhoods such as the Upper East Side and Billionaires' Row, further cementing these areas as hubs of luxury living.
The One57 condo building features a Park Hyatt Hotel. There, the Penthouse is valued at around $100 million with over 10,000 square feet. At 432 Park Avenue, units valued at $70 million and has one of the tallest residential buildings in the world at 1,396 feet.
New York City stands as a global icon of luxury real estate, where the skyline is defined by architectural marvels and residences that set the standard for ultra-luxury living. At the heart of this prestigious market is Central Park Tower, the tallest residential building in the world, soaring above Billionaires’ Row and offering residents breathtaking views of Central Park, the Hudson River, and the Manhattan skyline. The Central Park Tower penthouse, a luxury penthouse occupying the top three floors, is a testament to opulence and is considered a true trophy property, boasting 12,557 square feet (1,167 square meters) of interior space, seven bedrooms, eight full bathrooms, and a private elevator. With its expansive private outdoor space and panoramic views, this residence redefines what it means to live at the pinnacle of New York luxury.
The city’s luxury real estate market is fiercely competitive, with properties like Central Park Tower and the historic Woolworth Building attracting discerning buyers from around the world. Locations such as West 57th Street and Central Park South—collectively known as Billionaires’ Row—are home to some of the most exclusive and expensive properties in Manhattan. These residences are highly sought after for their unrivaled views of Central Park, proximity to cultural landmarks, and access to world-class amenities. Billionaires' Row has claimed the lion's share of the city's priciest real estate transactions, further solidifying its reputation as the epicenter of luxury living.
For luxury buyers, factors like location, price per square foot, and unique features are paramount. In Manhattan, the average price per square foot for ultra-luxury properties can range from $2,000 to over $10,000, depending on the building and its amenities. Residences in buildings such as Central Park Tower and 520 Park Avenue often include private terraces, sitting rooms, and state-of-the-art media rooms, providing an unparalleled living experience. High-end residential buildings in Manhattan include extensive private amenity clubs such as state-of-the-art gyms and pools, ensuring that residents enjoy a lifestyle of convenience and exclusivity. Central Park Tower features a private amenity club spread across three floors, offering residents exclusive access to luxurious facilities.
In today’s digital age, detailed property descriptions, high-quality images, and strategic use of SEO keywords—such as “Central Park Tower,” “Billionaires’ Row,” “Manhattan skyline,” and “luxury real estate”—are essential for attracting buyers and sellers alike. By showcasing the unique features, prime locations, and breathtaking views that define New York’s most significant buildings, real estate professionals ensure that each listing stands out in a crowded market.
Ultimately, New York City remains the ultimate destination for those seeking the finest in real estate. With its iconic skyline, world-renowned addresses, and a market that continually sets new standards for luxury, the city offers an unmatched array of residences for those who demand the very best. Whether you’re searching for a home that boasts seven bedrooms, a private elevator, or the highest terrace overlooking Central Park, Manhattan’s luxury market promises a lifestyle beyond compare.
The Manhattan luxury real estate markets is one of the most sought-after and exclusive real estate markets in the world. With its iconic skyline, world-class amenities, and unparalleled lifestyle, Manhattan epitomizes luxury living. This market is characterized by high-end properties, including penthouses, townhouses, and luxury apartments, many of which offer breathtaking views of Central Park, the Hudson River, and the Manhattan skyline. The demand for these properties is driven by high-net-worth individuals, celebrities, and business executives who seek the ultimate in luxury and exclusivity. Whether it’s a sprawling penthouse condo with panoramic views or a historic townhouse with modern amenities, the Manhattan luxury market offers something for the most discerning buyers.
Billionaire’s Row, located on 57th Street and Central Park South, is one of the most exclusive and luxurious neighborhoods in Manhattan. This stretch of skyscraper residential towers is home to some of the most expensive and sought-after properties in the world. The area is characterized by its stunning views of Central Park, world-class amenities, and unparalleled luxury living. Among the notable buildings in this area is Central Park Tower, which stands as the tallest residential building in the world. Residents of Billionaire’s Row enjoy not only the prestige of their address but also the convenience of being in close proximity to the cultural and commercial heart of New York City.
Central Park Tower stands as the crown jewel of Manhattan’s ultra-luxury real estate, redefining what it means to live at the pinnacle of New York City sophistication. Located at 217 West 57th Street on Billionaires’ Row, this architectural marvel is the tallest residential building in the world, offering residents an unmatched combination of privacy, prestige, and panoramic views. Overlooking Central Park, the Hudson River, and the iconic Manhattan skyline, Central Park Tower is the most significant building for luxury buyers seeking the ultimate address in New York.
The Central Park Tower penthouse, occupying two full floors, is the epitome of grandeur. With seven bedrooms, eight full bathrooms, and a private elevator, this residence offers over 17,500 square feet (1,625 square meters) of meticulously designed interior space. The grand salon and sitting room open directly onto a private outdoor space, providing an outdoor escape with breathtaking views of Central Park and the city beyond. Floor-to-ceiling windows flood the interiors with natural light, while the highest terrace in the building delivers a truly unique vantage point over the Manhattan skyline and the Hudson River.
Every detail in Central Park Tower is crafted for the discerning luxury buyer. Residences range from 1,435 square feet (133 square meters) to the sprawling penthouse, with prices starting at $6.5 million and reaching up to $250 million for the most exclusive listings. Signature features include private terraces, state-of-the-art media rooms, and expansive outdoor spaces—perfect for entertaining or simply enjoying the serenity of Central Park from above. The building’s sleek, modern design ensures that every home boasts unobstructed, panoramic views, making each residence a sanctuary in the sky.
Residents benefit from a prime location on Central Park South, just steps from the city’s finest restaurants, luxury boutiques, and cultural landmarks such as the Plaza Hotel and Carnegie Hall. According to Google Map data, Central Park Tower’s address places it at the heart of New York’s most desirable neighborhood, offering both convenience and exclusivity.
The Corcoran Group and Douglas Elliman, two of the world’s leading real estate agencies, are entrusted with marketing these extraordinary residences. With an average price per square foot of $3,000, Central Park Tower is not only one of the most expensive buildings in Manhattan but also one of the most coveted. For those seeking a home that combines world-class amenities, private outdoor space, and the best views in New York City, Central Park Tower is the ultimate destination—an address that truly defines ultra-luxury living.
The Manhattan luxury market is expected to continue to thrive in the coming years, driven by demand from high-net-worth individuals and international buyers. Current market trends are shaping buyer preferences and property values, influencing the types of amenities and features that are most sought after. The market is poised to see a surge in new developments, including luxury residential towers and high-end amenities. Manhattan luxury apartments are increasingly viewed as an investment opportunity for both domestic and international buyers, adding to their appeal. Central Park Tower, with its record-breaking penthouse apartment, is expected to set a new standard for luxury living in Manhattan. As the market continues to evolve, we can anticipate even more innovative and luxurious properties, cementing Manhattan’s position as one of the world’s premier luxury real estate markets. With its iconic skyline and world-class offerings, Manhattan will undoubtedly remain a top destination for those seeking the pinnacle of luxury living.
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