$53 million for 111 West 57th Street, PH61
The backstory: This 7,000-square-foot apartment in the super-tall, super skinny tower designed by SHoP Architects on Billionaire’s Row sold for about $7 million less than its last asking price. With three bedrooms and 4 1/2 baths, according to a listing, the apartment is one of just 60 residences in the building.
$65.6 million for 432 Park Avenue, Apartment 79
The backstory: Lofty as the price might be, its seller was hoping for much more. The full-floor residence was gut renovated by the prestigious architect Hiroshi Sugimoto and originally listed in 2021 for $135 million. By 2023, the 8,000-square-foot, five-bedroom, five-bath, and two half-bath home’s price had fallen to $92 million. Its closing price was more than 50% below the original ask.
$65.6 million for 9 East 71st Street
The backstory: Made infamous as the onetime home of Jeffrey Epstein, the house was sold by his estate for $51 million in 2021. (Proceeds of the sale went to a compensation fund for Epstein’s victims.) The home’s buyer was Michael Daffey, a former Goldman Sachs Group Inc. executive. Together with his wife, Daffey redid the 28,000-square-foot house, which is set less than a block from Central Park on the Upper East Side. Not counting any renovation costs, the sale represents a 28% profit in about two years.
$65.8 million for 768 Fifth Avenue, Apt 1109
The backstory: Located in the Plaza Condominium and Residences, (carved out of the historic Plaza Hotel on Central Park South), this apartment last sold in 2008 for just under $46 million. Because the sale took place off-market, the details are fairly obscure, although Olshan’s data shows that the apartment has approximately 11,900 square feet, with nine bedrooms and eight bathrooms.
$67.9 million for 1165 Madison Avenue, PHC
The backstory: Covering four floors on the top of the Bellemont, a new condo development on Madison Avenue, this apartment actually consists of two duplexes combined. The apartment has approximately 8,000 square feet, according to Olshan’s data, and includes seven bedrooms and 8 1/2 bathrooms.
$75 million for 220 Central Park South, Apt 64
The backstory: Measuring roughly 6,000 square feet with five bedrooms and 5 ½ baths, according to Olshan’s data, the apartment, which was never officially on the market, last sold in 2020 for $54 million. Located in what’s arguably the hottest luxury building in New York, this means that the apartment appreciated by approximately $7 million annually.
$75 million for 220 Central Park South, Apt 45
The backstory: Another day, another stratospheric price for a unit in the tower, which was designed by Robert A.M. Stern Architects. The anonymous buyer of this unit reportedly spent an additional $5 million on a two-bedroom, two-bath apartment on the 19th floor of the building earlier in the year. This apartment has five bedrooms, six baths, and two half-baths; it also has two balconies overlooking Central Park.
$80 million for 220 Central Park South, Apt 20E/V8
The backstory: Yet another apartment in 220 Central Park West tops 2023’s list. This unit—set in the “villa” part of the building—is on the eighth and ninth floors. (A studio in the tower part of the building was reportedly included in the price.) The duplex, which covers about 7,900 square feet, has six beds and at least six baths, according to Olshan’s report.
This article was provided by Bloomberg News.