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Bird's-eye view of Midtown with 520 Fifth Avenue centered (Rendering credit: Binyan Studios: https://www.binyanstudios.com/case_studies/520-fifth-ave/)
In a small week-over-week increase, 196 residential apartment sales were recorded in Manhattan on the week ending May 9, 2026. New development condos accounted for the majority of the highest-priced sales of the week.
Fifth Avenue has traditionally been a hotbed of high-end real estate, with luxury apartment buildings on the avenue instrumental in luring New York City's wealthiest out of their mansions and into multi-family buildings. In the present day, four of the top five sales of the week were located on Fifth Avenue, but in new construction condominiums south of Central Park. Moreover, two apartments on downtown's Gold Coast, as Fifth Avenue below 14th Street has been nicknamed, were among the highest appreciators of the week.
In this article:
Last week, two sales were recorded at the RAMSA-designed Sixteen Fifth Avenue, where Penthouse #2 closed for $32.5 million. While nearly 28 percent below the ask when it entered contract in April 2026, it was still the highest-priced sale of the week by a wide margin. These sales bring the building to nearly 60% sold, and remaining availabilities include another penthouse asking $59.95 million.
520 Fifth Avenue (Lester Ali/Courtesy KPF)
Further north, five closings were recorded at 520 Fifth Avenue, with two penthouses neck and neck for the second- and third-highest sales of the week. Both penthouses feature living rooms overlooking dynamic views of the Manhattan skyline, while the primary suites face tranquil views of the Hudson River; the interiors are flooded with natural light from large arched windows throughout. The buyers will have access to residents-only amenities on the uppermost levels as well as complimentary memberships to Moss, the members club in the base of the building.
520 Fifth Avenue, spring 2026 (CityRealty)
The buyer of Penthouse #80 made the purchase with an LLC, and the buyer of Penthouse #76 is listed as a trust linked to Michael Hormel, widower of Hormel Foods heir/former U.S. Ambassador to Luxembourg James Hormel. The sale was recorded less than a year after Michael Hormel sold the couple's apartment at The Four Seasons Private Residences.
The top contract of the past week was also located on Fifth Avenue in the Flatiron Building, where closings are expected to begin this fall. Closings are also expected to begin later this year at 262 Fifth Avenue, the slender tower that controversially blocked views of the Empire State Building as far south as Lower Manhattan; prices on the 26 units start at $9.15 million. The next sales launches around lower Fifth Avenue are anticipated to be 11 West 13th Street, which will be Greenwich Village's tallest building upon completion, and AVA, a nine-unit boutique condominium a short distance from Union Square.
(l-r) Massing diagram of 11 West 13th Street (NYC DOB); construction site (CityRealty)
New construction condos with immediate occupancy
The Florian (CityRealty)
Last week, three closings were recorded at Gramercy condominium The Florian, which also saw five units enter contract. This brings the building to over 60% sold with remaining availabilities ranging from a one-bedroom for $1.299 million to a three-bedroom penthouse with private terrace for just under $5 million.
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Also of note, closings began at The Dovecote, a Harlem boutique condominium constructed to Passive House standards with a high-performance building envelope, continuously filtered fresh air, and triple-pane windows. Like all apartments in the building, the three-bedroom Residence #5 is reached via direct elevator access and features a kitchen with premium Bosch appliances, generous closet space, and a private terrace. It closed for just over $1.27 million, and remaining availabilities start at $1.175 million.
This comes at a time when the average Upper Manhattan condo price has fallen below $900 per square foot for the first time since 2015. There has been a dearth of new condo supply in this part of New York City aside from boutique-scale projects like The Dovecote, The Cereza, La Mariposa, and The Oslo.
Barbara Taylor Bradford's Park Avenue co-op sells
Barbara Taylor Bradford (barbarataylorbradford.com) | 975 Park Avenue, #11B (Sotheby's International Realty)
Public records indicate that the estate of best-selling author Barbara Taylor Bradford sold Residence #11B, her apartment at 975 Park Avenue, for $3.7 million, or more than $1 million less than they initially sought for it in February 2025. Observer notes that she and her husband, movie producer Robert Bradford, bought the classic eight for $4.9 million in March 2014, shortly after selling their home at River House to actress Uma Thurman. The Park Avenue apartment has a library where Ms. Bradford reportedly did most of her writing, and the closing comes shortly after a new TV adaptation of her novel A Woman of Substance premiered.
Top Manhattan Sales
50 West 66th Street, #9C (CityRealty)
From the Listing:
Residence 9C is a gracious 3,223 square-foot, 4-bedroom, 4.5 bath home facing north and east in the House collection at 50 West 66th Street, with up to 9’-8” ceiling heights. Designed by Shamir Shah, The House Collection at 50 West 66th Street taps into the classic pre-war elegance of the Upper West Side. These homes feature gracious living spaces, and the finest finishes throughout, including Smallbone of Devizes custom-designed and crafted kitchens, Miele and Sub-Zero appliances, 8-inch oak flooring, strikingly appointed marble baths, generous closet space and a vented washer and dryer.
Residence 9C is a gracious 3,223 square-foot, 4-bedroom, 4.5 bath home facing north and east in the House collection at 50 West 66th Street, with up to 9’-8” ceiling heights. Designed by Shamir Shah, The House Collection at 50 West 66th Street taps into the classic pre-war elegance of the Upper West Side. These homes feature gracious living spaces, and the finest finishes throughout, including Smallbone of Devizes custom-designed and crafted kitchens, Miele and Sub-Zero appliances, 8-inch oak flooring, strikingly appointed marble baths, generous closet space and a vented washer and dryer.
From the Listing:
Celebrating the Contemporary, open kitchen design and featuring nearly 50 feet of prime Fifth Avenue frontage, Residence No. 3 is a one-of-a-kind three-bedroom, four-and-a-half-bath home that spans an entire floor. A private elevator opens into a gracious entry gallery, leading to a great room framed by 7'6" Wausau windows and French inswing doors, flooding the space with natural light. No. 3 features an expansive private terrace with direct access from the media room.
Celebrating the Contemporary, open kitchen design and featuring nearly 50 feet of prime Fifth Avenue frontage, Residence No. 3 is a one-of-a-kind three-bedroom, four-and-a-half-bath home that spans an entire floor. A private elevator opens into a gracious entry gallery, leading to a great room framed by 7'6" Wausau windows and French inswing doors, flooding the space with natural light. No. 3 features an expansive private terrace with direct access from the media room.
4 Available Listings for Sale from $12,000,000
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From the Listing:
Penthouse 80 is the pinnacle of cosmopolitan living: the highest condominium on the world’s most famous avenue. From this incomparable vantage point, 880 feet in the air, stunning panoramic views stretch in every direction showcasing Central Park, Bryant Park, the Empire State Building, the Chrysler Building, the Hudson and East Rivers, and all of Downtown Manhattan.
Penthouse 80 is the pinnacle of cosmopolitan living: the highest condominium on the world’s most famous avenue. From this incomparable vantage point, 880 feet in the air, stunning panoramic views stretch in every direction showcasing Central Park, Bryant Park, the Empire State Building, the Chrysler Building, the Hudson and East Rivers, and all of Downtown Manhattan.
Sixteen Fifth Avenue, #PH2 (Corcoran Sunshine Marketing Group)
From the Listing:
Penthouse 2 is a sprawling 6,823-square-foot duplex home with private outdoor space, offering five bedrooms and seven-and-a-half baths. With four exposures, this home showcases sweeping views of Washington Square Park, Downtown Manhattan, and the New York City skyline. The elevator opens into a private vestibule leading to a formal entry gallery. The expansive east and south-facing corner great room features herringbone-patterned 5" wide-plank white oak flooring and an adjoining terrace, both with iconic Fifth Avenue views. The windowed corner chef's kitchen, designed by Christopher Peacock, features terrace access for outdoor dining along with Fifth Avenue views.
Penthouse 2 is a sprawling 6,823-square-foot duplex home with private outdoor space, offering five bedrooms and seven-and-a-half baths. With four exposures, this home showcases sweeping views of Washington Square Park, Downtown Manhattan, and the New York City skyline. The elevator opens into a private vestibule leading to a formal entry gallery. The expansive east and south-facing corner great room features herringbone-patterned 5" wide-plank white oak flooring and an adjoining terrace, both with iconic Fifth Avenue views. The windowed corner chef's kitchen, designed by Christopher Peacock, features terrace access for outdoor dining along with Fifth Avenue views.
4 Available Listings for Sale from $12,000,000
Biggest profits
Park Avenue, home to two of the biggest price gainers of the week
Last week, just over 50% of Manhattan resale apartments traded at a profit, showing a greater balance between gains and losses than previous weeks. The biggest gains took place in Downtown neighborhoods like Tribeca and Greenwich Village, though prewar apartments on Park Avenue were also among the biggest appreciators of the week.
The Beekman, #1407 (Douglas Elliman)
From the Listing:
Experience the ultimate in Park Avenue sophistication at The Beekman Residences, where timeless elegance meets modern luxury. With hotel-style amenities, world-class dining, and exclusive resident privileges, this iconic landmark defines refined urban living at its best. This sun-drenched, seven-room residence spans over 2,500 square feet and features three bedrooms, three bathrooms, a private office, and an additional sitting room off the primary suite that can easily function as a true fourth bedroom. Each bedroom is thoughtfully positioned in its own private wing, offering exceptional comfort and privacy throughout.
Experience the ultimate in Park Avenue sophistication at The Beekman Residences, where timeless elegance meets modern luxury. With hotel-style amenities, world-class dining, and exclusive resident privileges, this iconic landmark defines refined urban living at its best. This sun-drenched, seven-room residence spans over 2,500 square feet and features three bedrooms, three bathrooms, a private office, and an additional sitting room off the primary suite that can easily function as a true fourth bedroom. Each bedroom is thoughtfully positioned in its own private wing, offering exceptional comfort and privacy throughout.
3 Available Listings for Sale from $395,000
39 Vestry Street, #2A (Brown Harris Stevens)
From the Listing:
Located on a quiet cobblestone street in the Tribeca North HIstoric District, 39 Vestry Street (circa 1872) was designed by George W. DaCunha in the German Rundbogenstil style as a warehouse for the J. Meyer & Co. ship chandlery. Today this smartly designed and beautifully finished three bedroom home retains the coveted elements of an authentic pre-war loft: open floor plan, high ceilings, arched windows and exposed brick. . . all freshly and meticulously renovated.
Located on a quiet cobblestone street in the Tribeca North HIstoric District, 39 Vestry Street (circa 1872) was designed by George W. DaCunha in the German Rundbogenstil style as a warehouse for the J. Meyer & Co. ship chandlery. Today this smartly designed and beautifully finished three bedroom home retains the coveted elements of an authentic pre-war loft: open floor plan, high ceilings, arched windows and exposed brick. . . all freshly and meticulously renovated.
101 Warren Street, #5D (TEK Realty Advisors LLC)
From the Listing:
Welcome to 5D, a unique duplex with three bedrooms, three full bathrooms and a private outdoor terrace. This one-of-a-kind apartment has indoor area of 2041 Square Foot with 420 Square Foot expansive sunny terrace facing spectacular 101 Austrian Pine Tree Forest exclusively accessible to residents only. The apartment features 11′+ ceilings, plenty of natural light, and additional storage unit in the basement that is deeded with the sale of this apartment.
Welcome to 5D, a unique duplex with three bedrooms, three full bathrooms and a private outdoor terrace. This one-of-a-kind apartment has indoor area of 2041 Square Foot with 420 Square Foot expansive sunny terrace facing spectacular 101 Austrian Pine Tree Forest exclusively accessible to residents only. The apartment features 11′+ ceilings, plenty of natural light, and additional storage unit in the basement that is deeded with the sale of this apartment.
2 Available Listings for Sale from $4,650,000
30 Fifth Avenue, #4F (Compass)
From the Listing:
Located in Lower Fifth Avenue’s most distinguished full service building, this fantastic 2-bedroom / 1.5-bathroom home is a true Gold Coast gem. Situated on the building's 4th floor, the unit boasts 5 windows looking north out on to landmarked West 10th Street and another wall of windows facing south on to the buildings courtyard. Originally configured as a formal two-bedroom, the home has been modified to enhance the flow and light throughout with the second bedroom now acting as a sun filled den or library space, with custom built-in bookshelves flanking the room.
Located in Lower Fifth Avenue’s most distinguished full service building, this fantastic 2-bedroom / 1.5-bathroom home is a true Gold Coast gem. Situated on the building's 4th floor, the unit boasts 5 windows looking north out on to landmarked West 10th Street and another wall of windows facing south on to the buildings courtyard. Originally configured as a formal two-bedroom, the home has been modified to enhance the flow and light throughout with the second bedroom now acting as a sun filled den or library space, with custom built-in bookshelves flanking the room.
2 Available Listings for Sale from $950,000
535 Park Avenue, #15A (Sotheby's International Realty)
From the Listing:
Glamorous 6 room Penthouse with glorious south and west facing planted terrace. There are open skyline views from every room and the terrace boasts a wonderful vista across and down Park Avenue towards the Met Life Building and Central Park. The large gallery and the loft-like living room with wood-burning fireplace both have French doors that open onto the huge terrace.
Glamorous 6 room Penthouse with glorious south and west facing planted terrace. There are open skyline views from every room and the terrace boasts a wonderful vista across and down Park Avenue towards the Met Life Building and Central Park. The large gallery and the loft-like living room with wood-burning fireplace both have French doors that open onto the huge terrace.
2 Available Listings for Sale from $3,750,000
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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