Central Park Tower’s priciest penthouse, which was listed for US$250 million with high-profile agent Ryan Serhant, has been withdrawn from the market.
The 1625sq m triplex, was prominently featured in Serhant’s Netflix series Owning Manhattan and was built by Extell Development.
The penthouse was and referred to as “The One Above All Else” in SERHANT. marketing materials for its distinction as the tallest residential property in the world.
According to The Real Deal, the asking price was reduced to US$195 million in September last year.
SERHANT. continued to represent the property up until the premiere of Owning Manhattan at the end of June.
About a week after the premiere, the penthouse was taken off the market, according to The Real Deal.
When the price was lowered last year, Extell Founder Gary Barnett explained that the original asking prices were meant to be “headline prices” and the reduction was a strategy “to get serious” about selling the property.
The removal of the penthouse from the market comes shortly after another, less expensive penthouse in the building sold for US$115 million.
The buyer was represented by Fredrik Eklund, John Gomes, and Kent Wu of Douglas Elliman’s Eklund | Gomes Team, according to Inman.
This deal was the first New York City residential sale over US$100 million since 2022.
In mid-July, another significant sale took place when developer Vlad Doronin purchased a penthouse at his luxury condo conversion project at the Crown Building for US$135 million.
In 2019, Doronin had indicated to The Wall Street Journal that an Asian investor had agreed to buy the unit.
June saw a rise in nine-figure deals nationwide, with the number of sales over US$100 million already surpassing the total for all of 2023, as reported by appraisal firm Miller Samuel.
Central Park Tower still has another penthouse on the market, listed at US$150 million.
That property is being represented by Shlomi Reuveni of Reuveni Development Marketing and Christie’s International Real Estate Group.
