On the first full week of July 2025, the number of Manhattan residential sales recorded dropped week-over-week. However, the aggregate dollar amount recorded went up slightly during this time, which could help set up Q2 2025 to be the strongest quarter by dollar volume since Q3 2022. A few more weeks of data remain to be recorded for Q2 2025, but several high-priced sales in prestigious New York City buildings were recorded over the past week.
Indeed, it cannot be overlooked that prices are getting higher in general. The consumer price index found that in June 2025, the inflation rate rose to 2.7% (h/t CNBC). Moreover, factors such as high cost of living and low housing affordability made New York City one of WalletHub's ten worst largest cities for first-time buyers. However, these are not likely to be issues for the buyers of the highest-priced Manhattan apartments of the week.
In this article:
Manhattan Sales:
- For the week ending July 11, 2025, $584,752,040 worth of transactions across 265 condo, condop, and cooperative deals were recorded
- 123 condo sales came to an aggregate price of $313,947,730
- Eight condop sales came to an aggregate price of $15,172,750
- 134 co-op sales came to an aggregate price of $255,631,560
During the week, prewar cooperative on the Upper East Side accounted for four of the ten highest-priced sales of the week. At the Schwartz & Gross-designed 885 Park Avenue, Penthouse AB sold for $19,996,500. This marks an over 40% reduction from the $35,000,000 it sought when it was listed in October 2022, but was still Manhattan's highest-priced sale of the week.
The building is two blocks from Central Park, but the penthouse offers an outdoor oasis of its own with a landscaped wraparound terrace. The interiors feature the grand proportions prewar cooperatives are known for, but boast such modern touches as luxury kitchen appliances, a primary suite with custom dressing room, and Crestron smart home technology throughout.
The building is two blocks from Central Park, but the penthouse offers an outdoor oasis of its own with a landscaped wraparound terrace. The interiors feature the grand proportions prewar cooperatives are known for, but boast such modern touches as luxury kitchen appliances, a primary suite with custom dressing room, and Crestron smart home technology throughout.
111 Murray Street, #50W, top Downtown sale (Compass)
But for all the prestige and history of prewar cooperatives, soaring new construction continues to entice, perhaps especially with new development inventory dwindling. Central Park Tower, the tallest residential building in the world, was home to the week's top condo sale. Residence #90W sold for $15,060,313; while slightly below the ask when it entered contract in late June 2025, this was still high enough for the second-highest sale of the week. The sales team reports that the building has achieved over $43 million in the past two weeks, including #90W in that figure.
Another skyline standout, 111 Murray Street, had the week's top Downtown sale with Residence #50W, which sold for $11,500,000. The seller takes a small loss on the four-bedroom unit, having bought it from the sponsor for $12,200,000 in April 2019, but the price was still good enough for the fourth-highest of the week.
Also of note, it was a good week for new development condos in Gramercy. At The Tower at Gramercy Park, one of four buildings in the Gramercy Square complex, Residence #16B sold for $11,247,495. While well below the price around $15 million the sponsor initially sought for it, this was still good enough for the fifth-highest sale of the week and one of the highest-priced sales recorded in the building to date.
Up the street at Hendrix House, a total of $9,688,611 was recorded across seven sales with several coming in above ask. Elsewhere in the neighborhood, The Willow is over 25% sold since launching sales three months ago.
These buildings' interiors and amenities vary, but one thing they have in common is a central address in Gramercy. They are conveniently located near NoMad and "Silicon Alley" offices, not to mention area hospitals and life sciences centers, critically acclaimed restaurants, popular retail and nightlife, and local transportation. They also offer excellent value: CityRealty data shows that in Q2 2025, Gramercy's average condo price per square foot was $1,957 - while down slightly year-over-year, this is the neighborhood's fourth-highest on record.
These buildings' interiors and amenities vary, but one thing they have in common is a central address in Gramercy. They are conveniently located near NoMad and "Silicon Alley" offices, not to mention area hospitals and life sciences centers, critically acclaimed restaurants, popular retail and nightlife, and local transportation. They also offer excellent value: CityRealty data shows that in Q2 2025, Gramercy's average condo price per square foot was $1,957 - while down slightly year-over-year, this is the neighborhood's fourth-highest on record.
Top Manhattan Sales
The Tower at Gramercy Square, #16B (Douglas Elliman)
From the Listing:
Upon entering this massive home, you are greeted by a dramatic and spacious foyer. Immediately you have the option of entering the impressive great room, or the nearly 800-square-foot expansive eat-in kitchen. The kitchen is composed of custom-designed cabinetry by Italy-based Canova with top-of-the-line Sub-Zero and Wolf appliances, rich Calacatta marble and elegant Lefroy Brooks fixtures. The master suite and the three additional bedrooms are situated on opposite sides of the unit; easily closed off and separated from each other. The primary bedroom suite features two walk-in closets and a windowed five-fixture primary bath with radiant-heated marble floors, a soaking tub, and glass-enclosed shower.
Upon entering this massive home, you are greeted by a dramatic and spacious foyer. Immediately you have the option of entering the impressive great room, or the nearly 800-square-foot expansive eat-in kitchen. The kitchen is composed of custom-designed cabinetry by Italy-based Canova with top-of-the-line Sub-Zero and Wolf appliances, rich Calacatta marble and elegant Lefroy Brooks fixtures. The master suite and the three additional bedrooms are situated on opposite sides of the unit; easily closed off and separated from each other. The primary bedroom suite features two walk-in closets and a windowed five-fixture primary bath with radiant-heated marble floors, a soaking tub, and glass-enclosed shower.
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111 Murray Street, #50W (Compass)
From the Listing:
At 3,267 square feet, this exceptional 4-bedroom, 5.5-bathroom residence with ceilings up to approximately 10’7" comprises an entire half floor, offering expansive north, south, and west-facing views that include cinematic panoramas of the Hudson River and beyond. The home has been custom designed and upgraded by acclaimed designer Lucy Harris. From a private elevator vestibule, a grand set of double doors reveals a formal entry foyer that leads to a breathtaking corner living and dining room.
At 3,267 square feet, this exceptional 4-bedroom, 5.5-bathroom residence with ceilings up to approximately 10’7" comprises an entire half floor, offering expansive north, south, and west-facing views that include cinematic panoramas of the Hudson River and beyond. The home has been custom designed and upgraded by acclaimed designer Lucy Harris. From a private elevator vestibule, a grand set of double doors reveals a formal entry foyer that leads to a breathtaking corner living and dining room.
10 Available Listings for Sale from $2,150,000
14 East 90th Street (Compass)
Central Park Tower, #90W (Corcoran Sunshine Marketing Group)
From the Listing:
Reside over 940' above New York City in this half-floor residence at Central Park Tower. This gracious three-bedroom, three-and-a-half-bathroom home offers over 3,000 square feet of luxury living space. This north, west, and south-facing residence boasts Central Park views from the living/dining room. The formal entry foyer and gallery are fitting for this classic layout featuring ceiling heights of approximately 11'7". The layout is perfect for entertaining and provides privacy and comfort with en-suite bathrooms as well as a separate powder room for guests.
Reside over 940' above New York City in this half-floor residence at Central Park Tower. This gracious three-bedroom, three-and-a-half-bathroom home offers over 3,000 square feet of luxury living space. This north, west, and south-facing residence boasts Central Park views from the living/dining room. The formal entry foyer and gallery are fitting for this classic layout featuring ceiling heights of approximately 11'7". The layout is perfect for entertaining and provides privacy and comfort with en-suite bathrooms as well as a separate powder room for guests.
885 Park Avenue, #PHAB (Bespoke Real Estate NYC)
885 Park Avenue, #PHAB (Bespoke Real Estate NYC)
From the Listing:
885 Park Avenue, #PH is newly finished full-floor penthouse spanning 9,200 SF+/- in total, including 6,000 SF+/- of interior living space and an impressive 3,200 SF+/- wraparound landscaped terrace accessible from every room. With 6 bedrooms, 7 full and 1 half bathrooms, this residence boasts breathtaking light-filled spaces. Enjoy the convenience of three private elevators, floor-to-ceiling windows and doors that frame stunning views of Midtown, the Carlyle Hotel, East River, and Central Park, and a versatile layout to configure as many as 7 bedrooms to suit your lifestyle.
885 Park Avenue, #PH is newly finished full-floor penthouse spanning 9,200 SF+/- in total, including 6,000 SF+/- of interior living space and an impressive 3,200 SF+/- wraparound landscaped terrace accessible from every room. With 6 bedrooms, 7 full and 1 half bathrooms, this residence boasts breathtaking light-filled spaces. Enjoy the convenience of three private elevators, floor-to-ceiling windows and doors that frame stunning views of Midtown, the Carlyle Hotel, East River, and Central Park, and a versatile layout to configure as many as 7 bedrooms to suit your lifestyle.
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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