View of Central Park South and West, where many of the city's top sales last week occurred
Midway through August 2025, reports have found that New York City office attendance eclipses pre-pandemic levels for the first time since before lockdown. While hybrid work remains popular across industries, many Fortune 500 companies have tightened return-to-office policies and Placer.ai's Nationwide Office Index found that New York City office attendance is up 1.3% since 2019. It was the only one of the major cities tracked by Placer to report growth. In the words of the New York Post, "the return-to-office trend is real, and it's spectacular."
This comes at a time when New York City's rental market is breaking records in Manhattan and not showing much respite in the outer boroughs. This season is always a busy time between college students living outside the dorms and families wishing to move in before school starts, and Bloomberg related stories of bidding wars and lines around the block for even the smallest studios. Those with the means may choose to opt out of this scene altogether by buying instead of renting.
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It is against this backdrop that the number of sales recorded on the second full week of August 2025, a traditionally quiet time of year, dramatically spiked week-over-week with the aggregate dollar amount nearly doubling during this time. This was helped along by several uber-luxury sales in some of the most in-demand buildings in New York City (if not the world), many of which are located in close proximity to several Fortune 500 companies' New York City headquarters.
Manhattan Sales:
- For the week ending August 15, 2025, $742,469,251 worth of transactions across 343 condo, condop, and cooperative deals were recorded
- 174 condo sales came to an aggregate price of $491,031,108
- 13 condop sales came to an aggregate price of $16,232,800
- 156 co-op sales came to an aggregate price of $235,205,343
When a $28 million sale was recorded at Aman New York Residences at the beginning of last week, it was predicted that it would be the highest-priced sale of the week. That came to pass, and the seller of the three-bedroom Residence #16A makes a small profit, having bought it for $24.3 million in March 2023. They conducted the transaction through an LLC, as did the buyer.
Directly up the street from Aman New York Residences, a total of $25.5 million was recorded across two sponsor sales at Central Park Tower. These included Residence #62E, which had the week's third-highest sale at $17.6 million. However, this represents a 22.2% reduction from the $22.6 million Extell Development Group initially sought when marketing the apartment almost exactly three years ago. It has been on and off the market ever since, and entered contract with an $18.9 million ask in June 2025.
Waterfront views from 70 Vestry Street (CityRealty)
The Aman New York Residences sale eclipsed the week's next-highest by nearly $10 million. However, Residence #10W at the Robert A.M. Stern Architects-designed 70 Vestry Street had the week's top Downtown sale by an extremely comfortable margin, coming in at $18.75 million, more than twice the price of the next highest Downtown sale.
When 70 Vestry Street was in the works, developer Ponte Equities sold the waterfront Tribeca site to Related Companies in a deal that allowed them to buy 15 of the forthcoming units at a steep discount (h/t The Real Deal). The three-bedroom Residence #10W was among them, and this sale took place in what has been described as "a super off-market deal." Both parties conducted the transaction through LLCs, but a source says the buyer already owns another tenth-floor unit and plans to combine the two into one massive apartment.
When 70 Vestry Street was in the works, developer Ponte Equities sold the waterfront Tribeca site to Related Companies in a deal that allowed them to buy 15 of the forthcoming units at a steep discount (h/t The Real Deal). The three-bedroom Residence #10W was among them, and this sale took place in what has been described as "a super off-market deal." Both parties conducted the transaction through LLCs, but a source says the buyer already owns another tenth-floor unit and plans to combine the two into one massive apartment.
One Wall Street, #3304 (One Wall Street Sales LLC) | cityrealty.com/nyc/FinancialDistrict/onewallstreet-1-wallstreet/apartment-3304/sold/A369109
Also of note, over $16.7 million across four sales was recorded at One Wall Street. This included Residence #3304, which set a new high for the building with a closing price of nearly $9.1 million, the eighth-highest of the week. It entered contract with a $9.75 million ask in June 2025.
The three-bedroom unit is situated on the southwest corner of the Ralph Walker-designed tower. The heart of the home is a Great Room with a fireplace and a 1,359-square-foot wraparound terrace. The apartment also has a formal dining room and chef-caliber kitchen, but the building counts a private restaurant and dining room among its amenities.
The three-bedroom unit is situated on the southwest corner of the Ralph Walker-designed tower. The heart of the home is a Great Room with a fireplace and a 1,359-square-foot wraparound terrace. The apartment also has a formal dining room and chef-caliber kitchen, but the building counts a private restaurant and dining room among its amenities.
Indeed, the past week was a highly successful one for new development condos. Nearly $28.6 million across two sales was recorded at 50 West 66th Street, with both units coming in above ask and ranking among the five highest-priced sales of the week. Other new developments with multiple high-priced sales recorded include The Greenwich by Rafael Vinoly in the Financial District, ONE11 Residences near Billionaires' Row, and The 74 on the Upper East Side.
The Upper West Side and 50 West 66th Street
Top Manhattan Sales
50 West 66th Street, #4D (Douglas Elliman)
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From the Listing:
50 West 66th Street, slated to be one of the tallest and most important residential buildings that will transform the Upper West Side and the New York City skyline. Extell's newest tower will have 127 ultra-luxury homes ranging from two bedrooms to full floors. House residence 4D is a gracious 3,889 interior square-foot, 5-bedroom, 5.5-bath home. Closings commence immediately.
50 West 66th Street, slated to be one of the tallest and most important residential buildings that will transform the Upper West Side and the New York City skyline. Extell's newest tower will have 127 ultra-luxury homes ranging from two bedrooms to full floors. House residence 4D is a gracious 3,889 interior square-foot, 5-bedroom, 5.5-bath home. Closings commence immediately.
50 West 66th Street (CityRealty)
50 West 66th Street, #17FG (Douglas Elliman)
From the listing:
Extell's newest tower will have 127 ultra-luxury homes ranging from two bedrooms to full floors. The building boasts 50,000 square feet of amenity space including both an indoor and outdoor pool, squash court, full sized basketball and pickleball court, state of the art fitness center, Sky Lounge for entertaining and Porte cochere entrance. House residence 17FG is a 4,510 interior square feet, 5-bedroom, 5.5-bath home. Spectacular NYC skyline views with south and west exposures. 11'6 ceilings, and floor to ceiling windows.
Extell's newest tower will have 127 ultra-luxury homes ranging from two bedrooms to full floors. The building boasts 50,000 square feet of amenity space including both an indoor and outdoor pool, squash court, full sized basketball and pickleball court, state of the art fitness center, Sky Lounge for entertaining and Porte cochere entrance. House residence 17FG is a 4,510 interior square feet, 5-bedroom, 5.5-bath home. Spectacular NYC skyline views with south and west exposures. 11'6 ceilings, and floor to ceiling windows.
Central Park Tower, #62E (Corcoran Group)
From the Listing:
This three bedroom, three and one-half bathroom residence at Central Park Tower offers gracious living enhanced by quintessential Central Park views from an elevation over 650 feet. Nearly 11-foot ceilings and floor-to-ceiling seven-foot-wide glass panels allows for an abundance of natural light throughout the home. The formal entry foyer and gallery lead to an expansive great room featuring both north and east facing views. The gourmet kitchen features custom cabinetry by Smallbone of Devizes and premium Miele appliances create the perfect setting for entertainment.
This three bedroom, three and one-half bathroom residence at Central Park Tower offers gracious living enhanced by quintessential Central Park views from an elevation over 650 feet. Nearly 11-foot ceilings and floor-to-ceiling seven-foot-wide glass panels allows for an abundance of natural light throughout the home. The formal entry foyer and gallery lead to an expansive great room featuring both north and east facing views. The gourmet kitchen features custom cabinetry by Smallbone of Devizes and premium Miele appliances create the perfect setting for entertainment.
70 Vestry Street (Related Companies)
Aman New York Residences (Douglas Elliman)
3 Available Listings for Sale from $20,450,000
Would you like to tour any of these properties?
Just complete the info below.
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