Photo Credit: Warburg Realty
This 5,000-square-foot penthouse at 303 East 57th Street in the Excelsior co-op tower is the sort of apartment you see in your favorite 20th-century New York City films. Asking $4,995,000, the duplex is wrapped by 2,500 square feet of terrace and offers 360-degree views from four exposures including Central Park and the East River.
Take the grand tour
It goes without saying that 2020 has been an unpredictable, challenging year. This March, COVID-19 brought New York City to a standstill, from the city’s bustling street life to the plethora of construction projects that defined the prior year. The pandemic quickly changed the way we live and build, but ultimately didn’t stop New Yorkers from doing either.
The city is still a place with bold new construction projects, glittering towers and mega-developments, unique and creative amenities — especially to respond to a year sticking close to home. 2020 brought the introduction of a new public park inside an Upper West Side mega-development, multi-million dollar condo sales along Billionaire’s Row, the restoration of a classic NYC landmark, and impressive new architecture that promises to shape our ever-changing skyline.
Our picks are down to 12 of the most notable residential structures this year. The only question is: Which do you think deserves 6sqft’s title of 2020 Building of the Year? To have your say, polls for our sixth annual competition will be open up until midnight on Sunday, December 13 and we will announce the winner on Monday, December 14.
Cast your vote!
From supertall new developments and projects by some of the world’s most famous architects to historic landmarks brought into the 21st century, 6sqft has rounded up the best condo buildings in New York City. Ahead, find out which condominiums made the list and what you can expect in terms of views, amenities, neighborhood, and more.
Read on for a guide to the city’s top condo addresses
Photo by Evan Joseph
It’s been nearly two years since sales launched at Extell’s Central Park Tower and one year since the 1,500-foot condominium topped out along Central Park South, making it the tallest residential building on the globe. And now, we’ve got our first look inside one of the enviable apartments at this Billionaires’ Row building. The model residence is a 3,401-square-foot, three-bedroom corner unit on the 43rd floor, priced at $17,500,000. Not surprisingly, the interiors are decked out to the nines, but, of course, it’s the insane views we can’t stop ogling.
Take the full tour
Looking north towards Billionaires’ Row in early October © 6sqft
Throughout the year, there was much speculation that the real estate market was on a decline, but according to CityRealty’s annual Manhattan Year-End Report, ultra-high-end sales continue to keep the market strong. On par with 2018’s 228 sales, this year saw 221 sales at $10 million or more, totaling $4.6 billion, up from last year’s $4.2 billion. As CityRealty tells us, this is “largely due to big-ticket purchases near the southern end of Central Park, most notably at 220 Central Park South,” which accounts for one-third of that total, as well as a glut of new development condos coming online.
More details ahead
Looking north towards Billionaires’ Row in early October © 6sqft
A new study of the top “ultra-prime” locations in the world dispels any doubt that Billionaire’s Row is living up to its name. London-based property consultancy Knight Frank, along with Douglas Elliman, looked at the number of homes sold for over $25 million since 2015 and found the greatest concentration along Midtown’s 57th Street, where 41 transactions have been closed in the last five years at an average price of $38.5 million. Manhattan cracked the top ten three more times, with Central Park South coming in third, followed by Park Avenue and Fifth Avenue in fourth and seventh place.
Image courtesy of Vornado Realty Trust and Robert A.M. Stern Architects
A penthouse at 220 Central Park South has sold for $100 million to an undisclosed buyer, the Wall Street Journal reports. The Billionaire’s Row transaction is only the third nine-figure deal to close in New York City, following hedge-fund executive Ken Griffin’s whopping $240 million purchase in the same building earlier this year (the most expensive home ever sold in the U.S.) and tech mogul Michael Dell’s $100.47 million penthouse at nearby One57, which closed in 2014.
Photo by Krystal T via Flickr
Living under the shadow of having President Trump as an occasional neighbor–and as a sign on the front of your building–doesn’t do much for condo property values in midtown Manhattan, if commercial leasing and residential sales at Trump Tower are any indication. CityRealty reports that vacancies persist in the commercial podium of 721 Fifth Avenue, and residential condo sales in the mixed-use tower have yet to recover from recent stagnation: Almost one half of the units up for sale have cut their initial asking prices, and all but two of the 11 condos whose sales closed this year have sold at an often-considerable–more than 10 percent–discount.
More on the Trump slump
It seems as if almost every day we hear of a new big-ticket sale on Manhattan’s “Billionaire’s Row,” the glittering corridor just south of Central Park in Midtown. Eight-figure sales at a growing collection of supertalls like One57, 432 Park Avenue and 111 West 57th Street seem almost ordinary. But it’s still possible to snag a home among the oligarchs and moguls: Two units on the market at the classic co-op building at 100 West 57th Street can be yours for $325K (for a studio) and $450K (for a spacious one-bedroom). If you’re looking for more than a pied-a-terre, you could even combine both contiguous units and still come in under a mil.
Take a look at your options
The city’s most important residential projects include a glittering showcase of superlatives that continue to eclipse all that came before, with claims that include tallest (Central Park Tower), skinniest (111 West 57th Street ), most expensive (a $250 million penthouse at 220 Central Park South) and loftiest outdoor lounge (Fifteen Hudson Yards) and pool (Brooklyn Point) almost being a requirement for selling the fabulously luxurious apartments and amenities that lie within. Though some of this year’s contenders appeared on previous years’ lists, their sales launches and toppings-out in 2018 proved that their arrivals on the city’s skyline–and among its residential options–are no less impactful than the anticipation that preceded them.
We’ve narrowed our picks down to a list of 12 headline-stealing residential structures for the year. Which do you think deserves 6sqft’s title of 2018 Building of the Year? To have your say, polls for our fourth annual competition will be open up until midnight on Wednesday, December 12th and we will announce the winner on the 13th.
VOTE HERE! And learn more about the choices.