Model home at 111 West 57th Street
The first week of January is jokingly known as "circle back week," to represent the return to business after the holidays, and that appears to have been the case for Manhattan residential real estate from January 5-11, 2026. The number of contracts signed spiked nearly 60% week over week, with the aggregate dollar amount rising nearly 40% during the same time period. One more business day in the first full week of January 2026 certainly helped, as did the larger number of uber-luxury contracts asking over $10 million.
In this article:
111 West 57th Street, #36, top NYC contract of the week (Sotheby's International Realty) | https://www.cityrealty.com/nyc/midtown-west/111-west-57th-street/55221/36/PbuGuReSRH
Six of the week's ten highest-priced contracts look out on views of Central Park, and those were a hallmark of the week's top deal: Tower Residence #36 at 111 West 57th Street, which was asking $18.25 million. While good enough for the week's top sponsor contract, and several million dollars ahead of the next-highest contract, the ask represents a $3 million reduction from when the supertall started marketing. The floor-through three-bedroom looks out on open views of Central Park, and interiors feature a gracious entrance foyer, a windowed kitchen with breakfast area and a full suite of Gaggenau appliances, and a spacious primary suite with a windowed dressing room and a luxurious bath with a free-standing polished nickel bathtub.
This contract represents the last floor-through Tower Residence in 111 West 57th Street, the second-tallest residential building in New York City. The remaining public availabilities are a duplex penthouse asking $49 million and a quadruplex penthouse on the uppermost levels asking $110 million.
As an aside, 111 West 57th Street is not the only luxury condominium inching closer to sellout after last week. Two contracts each were signed at 565 Broome Soho and 108 Leonard in Tribeca. One represents a Pritzker Prize laureate's first New York City residential building, the other is a thoughtful conversion of a former office building, and both speak to the desirability of Downtown neighborhoods.
The week's second-highest contract was for Penthouse #20 at 1049 Fifth Avenue, which was constructed as the Adams Hotel in 1928 before being converted to a condominium in 1993. The $11.6 million asking price includes the floor-through penthouse with five bedrooms and four private terraces, a staff/guest studio on the third floor, and a storage unit.
If the penthouse sells for this price, public records show that the seller will take a loss, having bought it for $11.75 million in 2010. They made the transaction through a trust, but its seller at the time made no secret of his departure: Conservative commentator Rush Limbaugh publicly vowed to "get out of New York totally" in response to a temporary income tax surcharge. In addition to the separate studio and storage unit, that sale included the furniture; most recently, the listing describes the penthouse as "a rare and remarkable canvas" ideal for renovation.
Apartment with bay window at The Strathmore (Corcoran Group) | https://www.cityrealty.com/nyc/yorkville/the-strathmore-400-east-84th-street/8016
Also of note, The Strathmore in Yorkville saw the most contracts signed of any new development. All nine one-bedroom to penthouse units enjoy dramatic city views through elegant bay windows by virtue of the building's towering height, and interiors feature 7" chevron flooring, kitchens outfitted with custom Italian cabinetry and Miele appliances, and primary suites with generous closet space and luxurious en suite baths, smart thermostats, and in-unit laundry.
The signings come less than three months after listings went live on Related Companies' latest rental-to-sales conversion. Residential amenities will include an attended double-height lobby, a fitness center, an indoor lap pool, a squash/sports court, and a children's playroom. Current availabilities start at $960K for one-bedrooms, $1.65 million for two-bedrooms, $2.82 million for three-bedrooms, and $4.82 million for four-bedrooms.
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Top NYC Contracts: January 5-11, 2026
#10. 315 West 84th Street, #TH
Last Ask: $6,999,000 (-17.7%)
Riverside Dr./West End Ave. | Townhouse | 6+ Bedrooms, 4 Baths | 5,120 ft2
315 West 84th Street, #TH (Leslie J Garfield & Co Inc)
30 East 72nd Street, #11THFL (Brown Harris Stevens)
From the Listing: This perfectly renovated full-floor residence is ideally located on East 72nd St. between Madison and Park Avenue, in the heart of the Upper East Side Historical District. It occupies the entire 11th floor of a gracious and elegant prewar building one block from Central Park.
The stunning 22 x 10 entrance gallery leads to an impressive 60 foot enfilade of entertaining space which includes an exceptionally grand living room with a wood-burning fireplace and an adjacent triple-exposure library with captivating views of Central Park in the distance. See full details here.
30 East 72nd Street has no public availabilities.
#8. 33 East 70th Street, #8B
Last Ask: $8,400,000
Park/Fifth Ave. to 79th St. | Cooperative | 3 Bedrooms, 4.5 Baths
33 East 70th Street, #8B (Sothebys International Realty)
#7. One High Line, #W23B
Last Ask: $8,490,000
Chelsea | Condominium | 3 Bedrooms, 3.5 Baths | 2,036 ft2
One High Line, #W23B (Corcoran Sunshine Marketing Group)
#6. 16 West 77th Street, #16E
Last Ask: $8,500,000 (-5.5%)
Central Park West | Cooperative | 3 Bedrooms, 2.5 Baths
16 West 77th Street, #16E (Compass)
#5. 50 West 66th Street, #10C
Last Ask: $8,965,000
Central Park West | Condominium | 4 Bedrooms, 4.5 Baths | 3,223 ft2
50 West 66th Street, #10C (Corcoran Group)
#4. Morton Square, #TH3
Last Ask: $10,750,000
West Village | Condominium | 4 Bedrooms, 4.5 Baths | 3,700 ft2
Morton Square, #TH3 (Serhant)
#3. 15 Central Park West, #15K
Last Ask: $10,950,000
Central Park West | Condominium | 2 Bedrooms, 2.5 Baths | 2,515 ft2
15 Central Park West, #15K (Brown Harris Stevens Brooklyn LLC)
#2. 1049 Fifth Avenue, #PH20
Last Ask: $11,600,000 (-2.9%)
Carnegie Hill | Condominium | 5 Bedrooms, 5.5 Baths | 4,661 ft2
1049 Fifth Avenue, #PH20 (Compass)
#1. 111 West 57th Street, #36
Last Ask: $18,250,000
Midtown West | Condominium | 3 Bedrooms, 3.5 Baths | 4,492 ft2
111 West 57th Street, #36 (Sothebys International Realty)
Would you like to tour any of these properties?
Just complete the info below.
Or call us at (212) 755-5544
Would you like to tour any of these properties?
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