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Extell's Central Park Tower Priced Highest in History?

August 16, 2017

Extell, the massive Billionaire's Row developer responsible for One57 unveiled the proposed pricing for the premium units in their upcoming project, Central Park Tower, which includes 20 units priced at $60 million!

Since 2012, there have been just 61 sales of residential properties for north of $30 million in Manhattan, according to The Real Deal’s analysis of closed sales. Of those sales, 21 closed at $40 million or more and just 13 traded for over $60 million. Even in 2015, when the market was on amphetamines, only four sales at $60 million or above were recorded. This year so far, three sales have closed at over $60 million.

https://therealdeal.com/2017/08/01/the-central-park-tower-challenge-can-extell-sell-20-condos-at-over-60m-a-pop/

Central Park Tower
225 West 57th Street ("Billionaire's row")
https://en.m.wikipedia.org/wiki/Central_Park_Tower
http://extell.com

Source: The Real Deal

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