new-york

15 Central Park West Remains Manhattan’s Most Expensive Condo

04.09.17

The building’s eight sales in the last 12 months averaged $7,227 per square foot.

The Zeckendorf family-developed 15 Central Park West remains the most expensive condo in New York, claiming the top three sales by price per square footage within the 12 months up to June 30.

During that period, there were eight sales in the Robert A.M. Stern-designed building—home to celebrities like Sting, fashion designer Elie Tahari, Goldman Sachs CEO Lloyd Blankfein and Russian billionaire Dmitry Rybolovlev—with an average sales price of $7,227 per square foot, up 10.1% from the $6,735 a year ago.

Despite the newer luxury condos being built on Billionaires’ Row, 15 Central Park West has been consistently ranked No. 1 since 2014 in The CityRealty 100, a bi-annual index tracking the performances of top 100 condominium buildings in Manhattan.

The second and third most expensive condos in New York are 432 Park Avenue (45 sales with an average price of $5,930 per square foot) and Residences at the Mandarin Oriental at 80 Columbus Circle (four sales with an average price of $5,215 per square foot), according to CityRealty, a New York-based real estate web site.

Overall, the 100 buildings had an average price per square foot of $2,788 from July 1, 2016 to June 30, 2017, increasing 9% year-over-year.

“Prices rose in part because of closings recorded in very expensive newer developments such as 432 Park Ave. and One57, as well as continued high prices in properties such as 15 Central Park West,” said Gabby Warshawer, director of research and communications at CityRealty.

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