New York City penthouse once listed for record US$250 million gets 22% price cut

THE developer of a penthouse on Manhattan’s Billionaires’ Row once listed for a record US$250 million appears to have slashed the price 22 per cent after failing to sell the condo in its first year on the market.

The roughly 1,626 square metres condo atop Extell Development’s Central Park Tower on W 57th St is now priced at US$195 million on listing brokerage Serhant’s website.

The three-story apartment begins on the 129th floor of the building – 432 metres in the sky – and also includes outdoor space. It has 23 rooms, including seven bedrooms, a grand salon and a ballroom.

The cut takes the penthouse out of the running to be the most expensive home ever sold in New York if it sells around that price. The record is the US$238 million that billionaire Ken Griffin paid in 2019 for three floors at 220 Central Park South.

Spokespeople for Serhant and Extell did not immediately respond to requests for comment sent outside of normal business hours. BLOOMBERG