As 2024 unfolds, New York City’s real estate market has already made headlines with some staggering sales. The year has seen a remarkable concentration of ultra-luxurious properties changing hands, with two buildings alone accounting for half of the top sales. Here’s a closer look at the priciest transactions that have set the tone for the year.
Key Takeaways
- The top sale was a penthouse at 730 Fifth Avenue, fetching $135 million.
- Central Park Tower and Aman New York dominated the list of high-value sales.
- The trend shows a preference for privacy and exclusive amenities among buyers.
The Top Sales of 2024
- 730 Fifth Avenue #26A – $135,038,475
The most expensive sale of the year was a five-story penthouse at Aman New York, sold as an unfinished space. This 12,500-square-foot residence is located in the iconic Crown Building, offering breathtaking views and luxurious amenities, including a private entrance and access to a 25,000-square-foot spa. - 217 West 57th Street #107 – $117,390,500
A duplex penthouse in Central Park Tower, the tallest residential building globally, sold for $117 million. This expansive 12,557-square-foot condo features stunning views of Central Park and a grand salon with floor-to-ceiling windows. - 220 Central Park South #63 and #18A – $81,500,000
In an off-market deal, two units in this prestigious Billionaires’ Row tower sold for a combined $81.5 million, reflecting a 30% increase over their previous sale prices. - 520 Park Avenue #DPH63, #4E, #4D – $78,964,000
This duplex penthouse in another Robert A.M. Stern-designed building sold in an all-cash deal, marking the final sponsor sale in the building. - 138-140 West 11th Street – $72,500,000
A downtown townhouse, known as a Frankenmansion, set a new record for Greenwich Village townhouses, previously held at $58.5 million. - 730 Fifth Avenue #23A – $64,000,000
This unit marked the first resale in Aman New York, showcasing a significant price increase within months of its initial sale. - 730 Fifth Avenue #24A – $61,578,785
Another unit in Aman New York, this full-floor condo was purchased by a Hong Kong private equity executive. - 4 East 79th Street – $56,000,000
A historic Beaux Arts-style mansion on the Upper East Side, this property has a storied past and was restored to its original grandeur. - 500 West 18th Street #PH36 – $47,000,000
This penthouse at One High Line features expansive views and luxurious amenities, including a wraparound terrace. - 217 West 57th Street #120 – $45,427,625
Closing just before the year-end, this five-bedroom condo in Central Park Tower highlights the ongoing demand for high-end real estate in Manhattan.
Conclusion
The luxury real estate market in New York City continues to thrive, with buyers willing to invest in exclusive properties that offer not just a home, but a lifestyle. As 2024 progresses, it will be interesting to see how these trends evolve and what new records may be set in the coming months.
Sources
- 2024’s Priciest New York City Real Estate Sales, Behind The Hedges.
