Manhattan Central Park Tower Penthouse Gets Huge Price Cut
The penthouse at the pinnacle of America’s most expensive apartment building has received a substantial price reduction.
Last September, the penthouse apartment in Central Park Tower in Midtown Manhattan was listed at an astronomical asking price of $250 million, making it the most expensive home on the market in the country. It had the potential to set a record for the highest residential sale in New York City if it sold for that staggering sum.
However, after failing to find a buyer for a year, this three-story condominium has now undergone a massive price cut of $55 million. The luxurious residence is now seeking $195 million, which is 22% less than its original asking price, as initially reported by Bloomberg.
While it is still a nine-figure property, this reduction means that the penthouse is no longer poised to surpass the current record holder for the most expensive home sale in New York. Hedge fund billionaire Ken Griffin’s purchase of a property at 220 Central Park South for approximately $238 million in 2019 still holds that distinction. Griffin is known for setting sales records worldwide.
The triplex penthouse in Central Park Tower occupies the 129th, 130th, and 131st floors of the building, which not only stands as the tallest tower on Billionaire’s Row but also ranks as the world’s tallest residential building. Central Park Tower boasts a total of 179 apartments with two to eight bedrooms and was developed through a collaboration between Extell and Shanghai Municipal Investment, as previously reported by The Post when it first showcased its breathtaking views in 2019.
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