This top-floor condo in America’s priciest apartment complex has received a significant markdown.
When the penthouse apartment at Midtown Manhattan’s Central Park Tower went on the market last September, its astronomical $250 million asking price made it the most expensive home for sale in the country. At the very least, if it changed hands for that exorbitant amount, it would have set a new New York City sales record.
But now that it’s been on the market for a year without selling, the three-story apartment has undergone a massive $55 million price reduction. According to Bloomberg, the price for the opulent residence has been reduced by 22%, or $195 million.
The penthouse is no longer in contention to break the record for the most expensive property sale in New York, although still asking for nine figures.
That title is still firmly held by hedge fund billionaire Ken Griffin’s nearly $238 million acquisition of the adjoining 220 Central Park South in 2019. He frequently shatters sales records all across the world.
At 1,416 feet above ground, on the 129th level of 217 W. 57th St., the Central Park Tower triplex starts.
It also extends across the building’s 130th and 131st floors, which make up the highest residential structure in the world as well as the tallest skyscraper on Billionaire’s Row.
The Post noted when it initially showcased its views in 2019 that it includes 179 two- to eight-bedroom apartments and was co-developed by Extell and Shanghai Municipal Investment.
“The original pricing on these units were headline prices,” Gary Barnett, founder and chairman of Extell, told The Post, adding that “we have recently sold a significant amount of inventory at the top of the building and now want to get serious about selling” the penthouse and another showcase unit in the tower, which recently had its $175 million price cut by 15%.
The new, lower prices, Barnett added, are “closer to where we think they will trade.”
That said, at a discount, a deep-pocketed buyer can now get a supreme perk.
“It’s so high, you are above noise,” Ryan Serhant of Serhant, who holds the listing, told The Post last year when the palatial pad listed for sale. “When you are on the terrace, you hear nothing — maybe an airplane, but that’s it. You are above sound. It’s so serene. It is magical. You are 1,400 feet in the air, stepping out onto your own terrace, surrounded by a huge glass wall. There has never been anything like it.”