On the first full week of August 2026 (ending August 7), 180 residential apartment sales were recorded in Manhattan. This is a large week-over-week plunge and is highly reflective of a slow summer season. On this sluggish sales week, the three highest-priced sales accounted for 20 percent of the week's total sales volume.
The sales recorded took place around the time implementation of the pied-a-terre tax on second homes worth $5 million or more began. In recent weeks, there has been so much confusion about who will be subject to the tax and how to get an exemption that the deadline to apply for an exemption got extended to September 18. Three primary homeowners who mistakenly received notices sued the city for "mass confusion." A State Supreme Court judge granted a temporary restraining order on Monday evening, and the city appealed a short time later. In the meantime, only 12 apartment sales over $5 million were recorded last week.
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But even with a tax on high-priced second homes and high everyday costs, New York City remains attractive to people worldwide. Based on such factors as urban aesthetics, culture and history, hospitality, name recognition, and favorable visitor sentiment, New York was at the top of the Global Tourism City Attractiveness Index 2026, which was recently released by Yanolja Research in partnership with Purdue University and Seoul’s Kyung Hee University. It was one of two American cities in the top ten, and the index was released months after New York ranked in the top five of Time Out's 50 best cities in the world for 2026.
Additionally, personal finance company WalletHub recently released its 2026 report on the best states to live in. While New York ranked forty-seventh in terms of affordability, it also ranked seventh in terms of safety and number one for quality of life, causing it to come in as the twelfth-best state to live in.
$42M sale at Puck Penthouse sets new Nolita record
The Puck Penthouses
Early last week, the city recorded a $42 million sale of Residence #9C at The Puck Penthouses was recorded. Nothing came along to dethrone it as the top sale of the week, and it shatters the Nolita price record set by venuture capitalist Joshua Kushner and model Karlie Kloss' $35 million penthouse purchased in late December 2021. At that time, CityRealty data showed that Puck Penthouses apartments accounted for six of the ten highest-priced sales ever recorded in Nolita; this sale brings that up to seven of them. Additionally, at over $8,459 per square foot, it is the fourth-highest price per square foot for a Downtown apartment on record.
Puck Penthouses
Also known as Penthouse II, Residence #9C appears to have sold in an off-market deal. However, interior photos from its last time on the market depict a sprawling home with a massive private terrace and restored architectural details like barrel-vaulted ceilings, exposed brick, and cast iron columns that pair pleasingly with high-end appliances and custom finishes. Public records show that the LLC-listed seller bought the three-bedroom apartment for over $28.5 million in February 2016. At the time, Puck Penthouses developer Jared Kushner told The Wall Street Journal that they "made a nice deal." Most recently, this sale nets the seller a 47 percent profit. The buyer, too, conducted the transaction with an LLC.
The Romanesque Revival-style building at 293 Layafette Street that is now home to the Puck Penthouses got its name from one of its original tenants, satirical magazine Puck (whose mascot may still be seen on two gilded statues on the building's facade). Kushner Companies bought the building in 1986 and Jared Kushner, son of founder Charles Kushner and current advisor to the president, spearheaded the residential conversion of the uppermost floors. (As an aside, the elder Mr. Kushner has announced plans to relocate to Florida, but keep a New York City apartment that will be subject to the pied-a-terre tax.)
Condo at 432 Park resold for a steep 30% loss
432 Park Avenue, home of the week's second-highest sale (Serhant)
At Midtown East/Billionaires' Row supertall 432 Park Avenue, Residence #94A closed for an even $22 million. While this was good enough for the second-highest sale of the week, this is below the $25.75 million ask when it entered contract at the end of June 2026. The buyer made the purchase with an LLC, and the New York Post identified the seller as a trust linked to the late Spectrum Labs founder Roy Eddleman. Public records show that he bought it for $31.5 million in 2019.
The Post also notes that the sale was recorded on the same week that the building filed permits for repairs with the Department of Buildings. Owners at 432 Park Avenue sued in October 2025, alleging that the building's bright white facade was chosen for aesthetics over substance and that defects in the facade could send chunks raining down and render the building uninhabitable.
Top performing new developments of the first week of August 2026
255 East 77th Street, home of the week's top sponsor sale (Compass)
Last week, Residence #25A at 255 East 77th Street had the week's top sponsor sale. The high-floor four-bedroom closed for over $8.78 million in the week's fifth-highest sale overall, closing slightly over ask from when it entered contract in December 2024.
Another sponsor sale was among the ten highest-priced sales of the week. Tower Residence #69, a floor-through three-bedroom at Midtown East condominium The Centrale, closed for $6.6 million in the week's eighth-highest sale overall. Sponsor sales were also recorded at 77 Greenwich Street in the Financial District, Sixty Six Clinton on the Lower East Side, Louie in the Flatiron District, The Florian in Gramercy, 435 West 19th Street in Chelsea, The Perrie in Turtle Bay, and Bloom on 45th in Midtown West.
Top Manhattan sales
255 East 77th Street, #25A (Compass)
From the Listing:
Residence 25A at 255 East 77th Street is a bright and airy four-bedroom residence with open city and Park views west, south, and east. The entrance gallery, with wonderful art walls, leads to the south and west facing 35 foot wide corner living room with an open eat-in kitchen with a wonderful separate pantry. The four bedrooms, each with its own ensuite bath, are split for privacy and are arranged in a way that allows one to be used as a library.
Residence 25A at 255 East 77th Street is a bright and airy four-bedroom residence with open city and Park views west, south, and east. The entrance gallery, with wonderful art walls, leads to the south and west facing 35 foot wide corner living room with an open eat-in kitchen with a wonderful separate pantry. The four bedrooms, each with its own ensuite bath, are split for privacy and are arranged in a way that allows one to be used as a library.
2 Available Listings for Sale from $37,500,000
The Greenwich Lane, #76 (Brown Harris Stevens)
From the Listing:
This magnificent home features open views of the West Village’s quaint townhouses, city skyline and the Empire State Building. The interiors were designed by renowned interior designer Thomas O’Brien and feature newly enlarged mullioned Windows, 9.5’ beamed ceilings, hardwood floors and stainless-steel finishes. The well-proportioned living room has plenty of space for dining, makes a grand impression, and creates the feeling of indoor-outdoor living with two large floor-to-ceiling glass doors to the terrace.
This magnificent home features open views of the West Village’s quaint townhouses, city skyline and the Empire State Building. The interiors were designed by renowned interior designer Thomas O’Brien and feature newly enlarged mullioned Windows, 9.5’ beamed ceilings, hardwood floors and stainless-steel finishes. The well-proportioned living room has plenty of space for dining, makes a grand impression, and creates the feeling of indoor-outdoor living with two large floor-to-ceiling glass doors to the terrace.
1 Available Listing for Sale for $10,950,000
The San Remo, #10E (Brown Harris Stevens)
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From the Listing:
At the legendary San Remo on Central Park West, this sprawling mint condition, approximately 4,200 square foot residence offers the rare combination of grand prewar scale, meticulously renovated detail, and cinematic Central Park views. An oversized semi-private elevator landing opens to an impressive entrance gallery.
At the legendary San Remo on Central Park West, this sprawling mint condition, approximately 4,200 square foot residence offers the rare combination of grand prewar scale, meticulously renovated detail, and cinematic Central Park views. An oversized semi-private elevator landing opens to an impressive entrance gallery.
432 Park Avenue, #94A (Serhant)
From the Listing:
Welcome to the pinnacle three-bedroom plus library residence at the highest level for this configuration, featuring the building's exclusive 1 of 1 half-floor east-to-west design that delivers sweeping northern panoramas of Central Park from sunrise to sunset across all rooms. Soaring beyond 1,400 feet over Midtown, this home spans over 3,950 square feet with three bedrooms, a library, three full bathrooms, and a powder room. Enter directly from the elevator into a refined foyer, then enter the unit that offers solid oak floors, 12'6" ceilings, and hallmark 10x10 windows framing stunning vistas.
Welcome to the pinnacle three-bedroom plus library residence at the highest level for this configuration, featuring the building's exclusive 1 of 1 half-floor east-to-west design that delivers sweeping northern panoramas of Central Park from sunrise to sunset across all rooms. Soaring beyond 1,400 feet over Midtown, this home spans over 3,950 square feet with three bedrooms, a library, three full bathrooms, and a powder room. Enter directly from the elevator into a refined foyer, then enter the unit that offers solid oak floors, 12'6" ceilings, and hallmark 10x10 windows framing stunning vistas.
14 Available Listings for Sale from $7,900,000
The Puck Penthouses (CityRealty)
From the Listing:
Penthouse II, a newly completed condominium atop the iconic Puck Building overlooking the Manhattan skyline. An unparalleled residence, reverentially crafted to retain the inherent, authentic loft character of the famed Puck Building with soaring barrel vaulted ceilings, cast-iron columns and oversized windows which all combine to create a one-of-a-kind residence in SoHo/Nolita.
Penthouse II, a newly completed condominium atop the iconic Puck Building overlooking the Manhattan skyline. An unparalleled residence, reverentially crafted to retain the inherent, authentic loft character of the famed Puck Building with soaring barrel vaulted ceilings, cast-iron columns and oversized windows which all combine to create a one-of-a-kind residence in SoHo/Nolita.
Biggest profits
95 Greene Street, #2B, one of the top profits of the week (Brown Harris Stevens)
Last week, 64% of Manhattan resale apartments traded at a profit. These included Residence #2B at 95 Greene Street, the Soho home of Hanya Yanagihara, author of critically acclaimed novel A Little Life and former deputy editor of T: The New York Times Style Magazine. In a 2017 profile in The Guardian, she showed off her extensive book collection, items from her travels, and the hinoki soaking tub in the bathroom.
In the 2017 profile, Ms. Yanagihara expressed increasing disillusionment with New York City, citing the traffic, infrastructure, and overpriced food. More recently, in May 2026, Curbed announced that she had listed it for $2.2 million amidst plans to pursue opportunities in theater. The closing price of $1.925 million was less than she sought for it, but still netted her an 80 percent profit.
Woodstock Tower, #1001 (Brown Harris Stevens)
From the Listing:
Residence #1001 is a charming corner one bedroom replete with natural light, views and special details. The apartment features high ceilings, original hardwood floors, casement windows with sunny eastern and northern exposures, thoughtful built-ins throughout and ample storage. The living room is large enough for a distinctive living/dining area, and features a sofa alcove with track lighting for art.
Residence #1001 is a charming corner one bedroom replete with natural light, views and special details. The apartment features high ceilings, original hardwood floors, casement windows with sunny eastern and northern exposures, thoughtful built-ins throughout and ample storage. The living room is large enough for a distinctive living/dining area, and features a sofa alcove with track lighting for art.
835 Riverside Drive, #1G (EXP Realty NYC)
From the Listing:
Discover this beautifully updated three-bedroom condo offering spacious living and modern amenities. The generous living area easily accommodates a dining table, making it perfect for entertaining. The recently renovated kitchen boasts sleek granite countertops and stainless steel appliances, including a dishwasher, microwave, and a washer/dryer combo. Elegant hardwood floors with walnut inlay throughout the home. The updated bathroom features floor-to-ceiling tiles and a relaxing soaking tub.
Discover this beautifully updated three-bedroom condo offering spacious living and modern amenities. The generous living area easily accommodates a dining table, making it perfect for entertaining. The recently renovated kitchen boasts sleek granite countertops and stainless steel appliances, including a dishwasher, microwave, and a washer/dryer combo. Elegant hardwood floors with walnut inlay throughout the home. The updated bathroom features floor-to-ceiling tiles and a relaxing soaking tub.
95 Greene Street, #2B (Brown Harris Stevens)
From the Listing:
Set in the heart of historic SoHo, this timeless loft offers authentic downtown living with exceptional scale and character. Soaring 12'10" ceilings, hardwood floors, and oversized 9'4" double-hung windows create a dramatic interior. The expansive great room is ideal for entertaining, complemented by a partially opened kitchen with marble countertops, premium appliances, and a wine refrigerator.
Set in the heart of historic SoHo, this timeless loft offers authentic downtown living with exceptional scale and character. Soaring 12'10" ceilings, hardwood floors, and oversized 9'4" double-hung windows create a dramatic interior. The expansive great room is ideal for entertaining, complemented by a partially opened kitchen with marble countertops, premium appliances, and a wine refrigerator.
Vesta 17, #7A (Compass)
From the Listing:
Welcome to this sophisticated 3-bedroom, 2.5-bath corner condominium residence, where contemporary design meets refined comfort. Spanning approximately 2,218 square feet, this light-filled home wraps the north and east corners of this boutique Chelsea condominium, offering cityscape views, seamless indoor-outdoor living, and a thoughtfully designed layout perfect for entertaining and everyday life. A gracious entry foyer with custom built-ins and a powder room sets the tone for the home’s sense of space and refinement.
Welcome to this sophisticated 3-bedroom, 2.5-bath corner condominium residence, where contemporary design meets refined comfort. Spanning approximately 2,218 square feet, this light-filled home wraps the north and east corners of this boutique Chelsea condominium, offering cityscape views, seamless indoor-outdoor living, and a thoughtfully designed layout perfect for entertaining and everyday life. A gracious entry foyer with custom built-ins and a powder room sets the tone for the home’s sense of space and refinement.
Park Towers, #14F (Compass)
From the Listing:
Perched on the 14th floor in prime Gramercy Park, this stylish, turnkey one-bedroom offers elevated city living with sweeping western and northern exposures and a coveted glimpse of the Empire State Building. Thoughtfully renovated and truly move-in ready, this home combines modern finishes with timeless design, including contemporary bamboo flooring throughout. The beautifully renovated chef’s kitchen steals the show.
Perched on the 14th floor in prime Gramercy Park, this stylish, turnkey one-bedroom offers elevated city living with sweeping western and northern exposures and a coveted glimpse of the Empire State Building. Thoughtfully renovated and truly move-in ready, this home combines modern finishes with timeless design, including contemporary bamboo flooring throughout. The beautifully renovated chef’s kitchen steals the show.
2 Available Listings for Sale from $1,250,000
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