Record-breaking penthouse sales have been unfolding across New York City in recent months, from Astoria to the Upper East Side to Williamsburg. In Manhattan, the $89.5 million penthouse at 1122 Madison Avenue set a new Upper East Side condominium record, both in total price and price per square foot, conveying continued demand at the very top of the market. At the same time, Brooklyn and Queens are setting their own milestones, showing that the appeal of penthouse living is no longer confined to traditional Manhattan park-side enclaves.
Penthouse apartments have long represented the pinnacle of urban living, a concept rooted in early 20th-century Manhattan when top floors were transformed from utilitarian space into coveted residences with outdoor space. Today, that appeal endures. The combination of privacy, light/views, and outdoor space are difficult to replicate on lower floors of building. As luxury broker Mike Fabbri puts it, “The value of owning outdoor space…makes you feel more sun and sky. You’re buying a penthouse for an element beyond just square footage.”
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“The value of owning outdoor space…makes you feel more sun and sky. You’re buying a penthouse for an element beyond just square footage.”— Mike Fabbri, luxury real estate broker at The Agency
What distinguishes today’s new development penthouses is how they pair that legacy with contemporary design and infrastructure. High ceilings, expansive terraces, and full-floor layouts are now complemented by advanced HVAC systems, curated finishes, and access to amenities that rival those of five-star hotels. But even as design evolves, penthouse fundamentals remain unchanged. “Views are paramount,” Fabbri notes. “That’s such an important point of holding value in a penthouse…along with the privacy and the idea that you’re on the top floor with no one above you.”
Nowhere is this more evident than at 1122 Madison Avenue, where the building’s rapid sales (22 of 26 residences in contract totaling over $400 million) display how quickly buyers respond to well-executed product. That project has also recorded the highest concentration of $10 million-plus sales north of 62nd Street.
At the same time, the momentum is expanding beyond Manhattan’s exclusive blocks. In Astoria, NuSun Vernon has set a new record for the neighborhood, where a three-bedroom duplex penthouse sold late last year for $2.88 million, the highest residential sale ever recorded there.
Developed by Sunlight Development and designed by FXCollaborative with Tang Studio Architect, the nine-story, 122-unit waterfront building shows the appeal of spectacular views and the city's ongoing reclamation of its shoreline.
NuSun Vernon's studio to three-bedroom homes feature double and triple exposures, minimal yet warm interiors, and more than 9,000 square feet of amenities. The team explains its level of design and detail was previously unseen in Astoria. Its penthouses, many with expansive private terraces, including one spanning over 1,400 square feet, have proven especially compelling. NuSun Vernon sales director Angelus Chen says, “No one complains. The lifestyle here is very peaceful,” a sentiment that captures the quieter, more residential appeal emerging along the East River.
NuSun Vernon, #PHB (GLOBAL REAL ESTATE VENTURES GROUP LLC)
Ultimately, the recent wave of record-breaking penthouse sales points to a broader truth about the market, that even while there is geopolitical turbulence, demand for top-floor living (and ultra-luxury living in general) has remained remarkably resilient. And as Fabbri notes, that intangible “cachet” still carries weight: penthouse buyers, more than anyone, are buying into a feeling as much as a floor plan.
The recent wave of record-breaking penthouse sales points to a broader truth about the market, that even while there is geopolitical turbulence, demand for top-floor high-end living (and ultra-luxury living in general) has remained remarkably resilient. Fabbri explains the intangible “cachet” that still carries weight: penthouse buyers, more than anyone, are buying into a feeling as much as a floor plan.
So, from the Upper East Side to the shores of Queens, penthouses continue to command attention for not only their light, space, privacy, but their sense of elevation that is as much psychological as it is physical. Find below a round-up new development penthouse on the New York City market now.
Select New Development penthouses on the market now
Financial District - Battery Park City
77 Greenwich Street, #PH
$9,500,000 (-2.6%)
Financial District | Condominium | 4 Bedrooms, 5.5 Baths | 3,531 ft2
77 Greenwich Street, #PH (Reuveni LLC)
The Greenwich by Rafael Vinoly, #PH1A
$13,500,000
Financial District | Condominium | 3 Bedrooms, 3.5 Baths | 3,152 ft2
The Greenwich by Rafael Vinoly, #PH1A (Douglas Elliman Real Estate)
Downtown
Sixty Six Clinton, #PHA (Compass)
The Florian, #PHB (Douglas Elliman Real Estate)
Forena, #PHB (Serhant)
100 Franklin Street, #PHS (Compass)
Park House Chelsea, #PHA (Compass)
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VU New York, #PH34A
$8,885,000 (-5.3%)
Gramercy Park | Condominium | 3 Bedrooms, 3.5 Baths | 2,926 ft2
VU New York, #PH34A (Brown Harris Stevens Residential Sales LLC)
The Elisa, #PH (Nest Seekers LLC)
The Cortland, #PH23 (CORE Group Marketing LLC)
Sixteen Fifth Avenue, #PH2
$45,000,000
Greenwich Village | Condominium | 5 Bedrooms, 6+ Baths | 6,823 ft2
Sixteen Fifth Avenue, #PH2 (Corcoran Sunshine Marketing Group)
Midtown
The Perrie, #PH2105 (Corcoran Group)
Monogram New York, #PHB (Douglas Elliman Real Estate)
Sutton Tower, #70 (Corcoran Sunshine Marketing Group)
Upper East Side
Gracie Green, #PH11 (Douglas Elliman Real Estate)
255 East 77th Street, #PHDUPLEX
$37,500,000
Lenox Hill | Condominium | 6+ Bedrooms, 6+ Baths | 7,206 ft2
255 East 77th Street, #PHDUPLEX (Compass)
The Upper West Side
393 West End Avenue, #PH
$15,900,000
Riverside Dr./West End Ave. | Condominium | 4 Bedrooms, 4.5 Baths | 4,230 ft2
393 West End Avenue, #PH (Brown Harris Stevens Development Marketing LLC)
The Henry, #PHB (Compass)
Upper Manhattan
La Mariposa, #5R
$768,000 (-6.2%)
Washington Heights | Condominium | 2 Bedrooms, 1.5 Baths | 1,117 ft2
La Mariposa, #5R (Brown Harris Stevens Residential Sales LLC)
Brooklyn
Calvert House, #PH7C (Corcoran Group)
72 Quincy Street, #PENTHOUSE
$1,295,000
Bedford-Stuyvesant | Condominium | 2 Bedrooms, 2 Baths | 922 ft2
72 Quincy Street, #PENTHOUSE (Corcoran Group)
56 Quincy Street, #PENTHOUSE
$2,250,000
Bedford-Stuyvesant | Condominium | 3 Bedrooms, 3 Baths | 1,555 ft2
56 Quincy Street, #PENTHOUSE (Corcoran Group)
The Pacific, #PH6 (Serhant)
22 Saint Johns Place, #PH (Douglas Elliman Real Estate)
591 10th Street, #PH (Douglas Elliman Real Estate)
One Williamsburg Wharf, #PHC (Serhant)
Fifty One Domino, #PH (Serhant)
The Crescent, #PH (Serhant)
The Brooklyn Tower, #PH92
$16,750,000
Downtown Brooklyn | Condominium | 4 Bedrooms, 5.5 Baths | 5,891 ft2
The Brooklyn Tower, #PH92 (Corcoran Sunshine Marketing Group)
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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