Central Park South

Central Park South, real estate trends, Recent Sales

220 Central Park South as seen in May 2020. Photo by Jim.henderson (cropped) via Wikimedia Commons.

As was first reported by the Wall Street Journal, an anonymous buyer shelled out $157,500,000 for two units at 220 Central Park South. The Billionaires’ Row tower is already home to the most expensive sale ever in the U.S. after billionaire Ken Griffith’s $238 million purchase in early 2019. And even amidst the pandemic, it was the best-selling condo in NYC by a long shot. The Journal first spotted property records that show the $82.5 million purchase of a 60th-floor unit and the $75 million purchase of a 61st-floor unit, both made using an LLC.

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Central Park South, Restaurants

Magnolia Cupcakes

Photo by Ralph Daily via Wikimedia Commons

Grabbing some to-go cupcakes to enjoy in Central Park is going to get a lot easier when Magnolia Bakery opens its new Columbus Circle location tomorrow. As was first reported by I Love the Upper West Side, the announcement comes as the famous sweet shop’s Upper West Side location has seen a surge in customer traffic. The new location will be at 1784 Broadway, between 58th and 59th Streets, and, unlike the other NYC locations, will offer self-serve refrigerators with pre-packaged favorites like banana pudding and cupcakes, as well as a partnership with Australian coffee cafe Bluestone Lane.

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Central Park South, Cool Listings

Listing photos by Heidi Solander for Sotheby’s International Realty

The Osborne co-op was built on the northwest corner of 57th Street and 7th Avenue in 1885 as one of NYC’s first grand apartment buildings. Just four years later, Carnegie Hall would rise across the street, cementing its stature among the city’s elite addresses. A two-bedroom apartment in the building has hit the market for $3,500,000, and just by looking at its opulence, one feels transported back to the 19th century. From the imposing coffered ceilings and stately columns to the decadent fabrics and gilded decor, the home offers an old-world sophistication not often found anymore.

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Celebrities, Central Park South, Cool Listings

Listing photos by Rich Caplan

Considered “one of the most well-known homes in America and the finest in the world-renowned Plaza,” the fabled Astor Suite has come on the market for $19,950,000. The four-bedroom corner suite faces both Central Park and Fifth Avenue and was previously occupied by John Jacob Astor, John F. Kennedy, and the Duke and Duchess of Windsor. In fact, the interior architects at S.R. Gambrel Inc. brought in master artisans that rebuilt Windsor Castle in England to help transform the space. From hand-drawn plaster to rich English oak paneling to hand-hammered leather walls from France, this home is certainly fit for royalty.

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Central Park South, CityRealty, real estate trends

220 Central Park South as seen in May. Photo by Jim.henderson (cropped) via Wikimedia Commons

In a year where the number of real estate sales dropped significantly in New York City, it was a few top-tier new developments that kept things afloat. According to the CityRealty 100 report—an index comprised of the top 100 condominium buildings in Manhattan—this includes closings in 15 Hudson YardsThe Park Loggia, and Waterline Square. It also includes 220 Central Park South, which accounted for the top 22 sales during the 12 month period of this report and had a total of $1.52 billion in cumulative sales in 46 units.

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Central Park South, condos, Recent Sales

Photo by Peter Murdock

A penthouse apartment at the supertall 111 West 57th Street has sold for over $50 million, making it one of the priciest real estate deals in the city since the coronavirus pandemic struck this spring. Duplex Penthouse 75 sold “for around the list price” of $57 million, according to a spokesperson for the Billionaires’ Row development. The two-level apartment has four bedrooms, five and a half baths, and boasts 14-foot ceilings and incredible views of Central Park.

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Central Park South, Cool Listings

All renderings courtesy of Concierge Auctions and Nest Seekers International

A three-level penthouse apartment in a Billionaires’ Row building with pre-approved, construction-ready designs will hit the auction block next month. Currently listed for $40 million and appraised at $100 million after renovations, the apartment at 150 Central Park South will sell with no reserve to the highest bidder during an online auction hosted December 18 to December 22 through Concierge Auctions. Plans from SPAN Architecture call for a five-bedroom, five and a half bathroom penthouse with four terraces and unobstructed Central Park views.

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Celebrities, Central Park South, Cool Listings, Midtown West

Photos courtesy of Brown Harris Stevens

Tony Award-winning actress Carole Shelley, who is best known for her roles as Gwendolyn Pigeon in The Odd Couple and Madame Morrible in the original Broadway cast of Wicked, passed away in 2018 at the age of 79, leaving behind her NYC pied-à-terre at 340 West 57th Street. The Midtown West condo is located in the elegant, pre-war Parc Vendome, which is just a few blocks from Central Park South. The spacious one-bedroom home is listed for $1,350,000.

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Central Park South, condos, Cool Listings, New Developments

Penthouse 72 Loggia, courtesy of 111 West 57th Street

Two new impressive units just hit the market at New York City’s most slender supertall. At 111 West 57th Street, a three-level, four-bedroom penthouse with over 7,000 square feet of interior space and an additional 1,367 square feet in private outdoor space with picture-perfect views over Central Park has hit the market for $66 million. And a duplex with three bedrooms and unobstructed park views is now asking $39.5 million. The latest multi-million dollar listings at the Billionaires’ Row tower come after two $30 million units sold earlier this summer during the coronavirus shut down, giving a boost to the city’s nearly stagnant luxury market.

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Central Park South, real estate trends, Recent Sales

Photo of 220 Central Park South in front of 111 West 57th Street (cropped) by Jim Henderson via Wikimedia Commons

As of July 1, 2020, the average price per square foot for a New York City condo came in at $1,110, according to CityRealty. But this duplex penthouse at 220 Central Park South sold for a whopping $12,164 per square foot. First spotted by The Real Deal and confirmed in city property records, PH 76 at the Billionaires’ Row tower just closed for $99,903,375, making it the third-most-expensive sale ever, behind billionaire Ken Griffith’s $238 million purchase also at 220 CPS in early 2019 and Michael Dell’s $100 million buy at One57 in 2015. The sale takes the number-three spot from a $92.7 million sale at 220 CPS, which sold in late 2019 to billionaire hedge-funder Daniel Och.

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