2024’s Priciest New York City Real Estate Sales

The Top 10 Most Expensive Sales of the Year

With the arrival of the new year, Behind The Hedges is looking back at Manhattan’s real estate market in 2024. What we found is that two buildings made up half of the year’s biggest sales, where trades ranged from just over $45 million to $135 million.

1) 730 Fifth Avenue #26A | $135,038,475

The Aman New York is home to the biggest sale in New York City last year—as well as several other residential trades that made our top 10 list. The five-story penthouse at 730 Fifth Avenue, sold as an unfinished space, traded for a staggering $135 million on July 11, 2024. The 12,500-square-foot condominium can be found in the crown of the Midtown Manhattan tower, also known as the Crown Building or the Heckscher Building.

Reimagined by architect Jean-Michel Gathy, the Aman New York is now an uber-luxe hotel-condo with 83 hotel rooms and 22 private residences on the upper floors. It was developed by OKO Group, the U.S. development firm founded by Aman’s CEO and Chairman Vlad Doronin, whom The Wall Street Journal identified as the penthouse buyer.

Situated at the crossroads of Fifth Avenue and 57th Street, Aman New York overlooks Central Park, and residents enjoy all of the services and amenities offered to hotel guests, plus more, such as a private entrance on 56th Street. The Aman Club Membership allows preferred access to the 25,000-square-foot spa set over three floors that includes an indoor swimming pool, a 7,000-square-foot outdoor dining and entertainment space, a Jazz Club, and the private Aman Club.

2) 217 West 57th Street #107 | $117,390,500

Closing a month earlier, a duplex penthouse at Central Park Tower traded for $117 million on June 21. Central Park Tower, the tallest residential building in the world, was also home to several of the most expensive sales this year.

The 12,557-square-foot condo offers spectacular views, two terraces, seven bedrooms, eight bathrooms, and two powder rooms. From the private 107th floor, a 40-foot-long gallery provides views to the east, to the west, and north to Central Park. A “masterfully-proportioned” 65-foot, double-height Grand Salon features three walls of floor-to-ceiling glass that showcase all of Central Park, the Hudson River, up to the Pallisades, out to the Long Island Sound, and more.

3) 220 Central Park South #63 and #18A | $81.5 million

In an off-market sale between two limited liability companies, the two units in this Billionaires’ Row tower sold for a combined $81.5 million on June 17, 2024. The Real Deal reported the apartments traded for a 30% premium over their 2020 sale prices.

4) 520 Park Avenue #DPH63, #4E, #4D | $78,964,000

Another Robert A.M. Stern-designed building in Lennox Hill is the site of the fourth priciest sale; a duplex penthouse that reportedly sold in an all-cash deal, according to The Real Deal. Closing on November 26, 2024, it was the final sponsor sale in the building, meaning the unit had not been sold previously.

5) 138-140 West 11th Street | $72.5 million

A downtown townhouse broke into the top half of the biggest sales list. Located in Greenwich Village, this Frankenmansion traded in an off-market deal on January 30, 2024, setting a new record for downtown townhouses that once sat at $58.5 million.

6) 730 Fifth Avenue #23A | $64 million

When this unit in the Aman New York sold on July 31, it marked the first resale in the building, which was only completed in 2022. Records show it sold for $50,604,750 earlier in 2024, when it had been asking $56 million.

7) 730 Fifth Avenue #24A | $61,578,785

Likewise, the full-floor condo 24A in the Aman New York contains 6,296 square feet and sold for slightly less than its neighboring unit on February 5, 2024.

8) 4 East 79th Street | $56 million

The second single-family building to make the list takes us back to the Upper East Side, steps from Central Park and the Metropolitan Museum. The Beaux Arts-style mansion has a storied past—a wealthy widow, Elizabeth “Lizzie” Nichols, was strangled to death there by her former butler, looking to steal her jewels in hidden safes, back in 1915.

9) 500 West 18th Street #PH36 | $47 million

West Penthouse 36 at One High Line, a nearly 7,000-square-foot residence features 360-degree views overlooking the Hudson River and the Manhattan skyline, in part thanks to a wraparound 4,870-square-foot terrace. The full-floor penthouse boasts six bedrooms and seven-and-a-half bathrooms with a custom chef’s kitchen designed by Bulthaup.

10) 217 West 57th Street #120 | $45,427,625

Lastly, back to the Central Park Tower in Midtown, where a five-bedroom five-and-a-half-bath condo sold just before the end of the year on December 27. With 11-foot tall floor-to-ceiling windows provide natural light and forever views from all directions. The Grand Salon features triple exposures, while the gourmet eat-in-kitchen benefits from corner views. Another highlight is the primary suite that takes up the entire western wing with a formal sitting room and an oversized bathroom with dual features.

Conclusion

The top 10 priciest sales in New York City in 2024 showcase the city’s enduring appeal as a luxury real estate market. From the ultra-luxe Aman New York to the iconic Central Park Tower, these properties offer unparalleled views, amenities, and exclusivity.

FAQs

Q: What was the most expensive sale in New York City in 2024?

A: The most expensive sale in New York City in 2024 was the five-story penthouse at 730 Fifth Avenue, which traded for $135 million.

Q: Which building had the most sales in the top 10?

A: The Aman New York had three sales in the top 10, including the most expensive sale of the year.

Q: What was the smallest sale in the top 10?

A: The smallest sale in the top 10 was the five-bedroom five-and-a-half-bath condo at 217 West 57th Street #120, which sold for $45,427,625.