What is the most expensive penthouse in NYC?
The most expensive penthouse publicly listed today is the duplex at Central Park Tower, asking around $128 million. The tower's triplex, which spans three floors from the 129th with nearly 16,000 square feet of interior space, asked $250 million in 2022 and $195 million a year later, then left the market in 2024 without selling. The most expensive penthouse ever sold was at 220 Central Park South for $238 million in 2019.
How much does a penthouse cost in Manhattan?
Manhattan penthouse prices range widely based on location, building, and size. Entry-level penthouses in boutique buildings start around $1-3 million, mid-range penthouses in luxury buildings run $5-15 million, and trophy penthouses on Billionaires Row or in prime locations can range from $20 million to over $100 million.
What floor is considered a penthouse in NYC?
Traditionally, a penthouse is the top floor of a building. However, modern NYC developments often designate multiple top floors as penthouse levels-15 Hudson Yards has 9 floors of penthouses, for example. What defines a penthouse today is typically some combination of upper-floor location, premium views, larger layouts, higher ceilings, and superior finishes.
Are NYC penthouses a good investment?
Supply at the penthouse tier is structurally limited, and demand comes from both domestic and international buyers. Beyond that, outcomes vary by building and by unit, and we do not publish return projections. Buyers should also weigh carrying costs, including property taxes, common charges and maintenance fees, which at this tier are substantial.
Do NYC penthouses have outdoor space?
It varies. Many penthouses in mid-rise buildings feature private terraces or rooftop access. However, penthouses in supertall buildings (70+ floors) often have limited or no outdoor space because high winds at those altitudes make terraces impractical. Some newer buildings design setbacks or loggias to provide sheltered outdoor areas even at height.
What were the most notable Manhattan penthouse sales and contracts in 2025?
In 2025, Manhattan recorded multiple $50M+ penthouse contracts, reinforcing continued strength in the ultra-luxury segment of the NYC market.
Notable activity included:
- 111 West 57th Street (Midtown), Penthouse-level residences entered contract with combined values approaching $80 million, making it one of the most significant luxury contract weeks of the year.
- 140 Jane Street (West Village), A duplex penthouse reportedly entered contract near $87.5 million, among the highest downtown Manhattan luxury contracts of 2025.
Continued strength in new-development trophy condominiums on the Upper East Side and Billionaires’ Row.
Despite broader market caution tied to interest rates, demand for large-scale Manhattan penthouses with terraces, Central Park views, and full-service amenities remained resilient in the $30M-$90M range.
What notable Manhattan penthouse sales or contracts have occurred in 2026?
2026 has already produced one of the largest Manhattan penthouse contracts in recent years.
Major highlights include:
- 1122 Madison Avenue (Upper East Side), A duplex penthouse entered contract at approximately $89.5 million in February 2026, positioning it among the highest residential contracts in Manhattan this year.
- 70 Vestry Street (Tribeca), A penthouse closed around $57 million, ranking among the largest downtown Manhattan sales of 2026.