Real Estate

Inside America’s soon-to-be tallest condo building on Billionaires’ Row

A king-size bed overlooks Manhattan through wall-to-wall glass; polished stone and gold accent a grand lobby entrance; and private cabanas line the outdoor swimming pool. Such are the opulent flourishes at Central Park Tower, which will be the tallest residential skyscraper in the Western Hemisphere when it tops out this summer.

Affluent buyers and interested gawkers will get the first public glimpse at exactly what it costs to live in the 131-story glass tower when developers put the first public listings up on Tuesday, Mansion Global has exclusively learned. The seven units run the gamut from a two-bedroom, two-bathroom apartment asking $6.9 million to a full-floor aerie on the 112th floor asking $63 million.

Developer Extell launched sales in the building in October and these will be the first batch of publicly listed units.

The priciest of the seven listings spans over 7,000 square feet with five bedrooms and five bathrooms. Crude floor plans in the building’s offering plan show a full-floor unit anchored by a grand salon big enough for 80 parked cars. It wraps around to a separate library on one side and a kitchen and family room on the other.

The developers also released new renderings of the building, which includes a rooftop pool surrounding with four-poster bed cabanas, and a lounge area for watching movies al fresco.

Rendering of New York City’s Central Park Tower
Extell

Other units to hit the market next week include a $33 million four-bedroom apartment on the 81st floor and a $20.5 million corner unit on the 54th floor with three bedrooms and views over Central Park, according to the developer.

The $63 million condo to hit the market on Tuesday is only one of more than a dozen such full-floor units presumably with a similar price tags. And while it’s the most expensive publicly listed apartment, the condo is far from the most lavish offering in the 179-unit building.

Several apartments with seven or more bedrooms will start at $100 million, according to the developer. That includes a couple of duplexes and the building’s crown jewel, a colossal triplex penthouse with its own “ballroom” and an enormous outdoor terrace floating above the city on the 131st floor, according to the latest offering plan filed with the New York City Department of Finance.

Rendering of New York City’s Central Park Tower
Extell

Upon completion, Central Park Tower will join other Manhattan supertalls such as One57 and 432 Park Avenue, and 111 West 57th Street, also under construction, that loom over Central Park and cater to the world’s uber-wealthy.

Units at the $4 billion new construction are coming online at a rocky moment for New York City’s luxury real estate market, which has seen prices fall roughly 10% over the past two years and is facing a hike in the mansion tax come July.

The city logged one of the steepest declines in luxury home prices in the world in the first three months of this year, global brokerage Knight Frank reported on Wednesday. Of the 45 prime housing markets tracked, New York City ranked 39th.