Articles on 15 Central Park West

15 CPW Sales Rapidly Continue

As one of the most desirable condominium buildings in New York City, it’s no surprise that we keep hearing about recent sales at 15 Central Park West. As to be expected, with the magnificent views of Central Park and the Manhattan skyline, these units never remain on the market for long.

Who Made the List? 10 Most Expensive Manhattan Buildings

15 Central Park West

Sometimes it's not easy to let go of the past. We enjoyed 2013 so much that we wanted to give it one last look, this time by seeing what Manhattan buildings were the most expensive. We went through the data of closed sales and compiled this list of the most expensive buildings by average price per square foot. 

Ritz-Carlton Penthouse Asking for Downtown Record of $56.5 Million

Ritz-Carlton Penthouse

A Battery Park City penthouse in the Ritz-Carlton is listed for an astonishing price of $56.5 million. The duplex condominium has already set one downtown record simply by asking for that amount, but if it sells for or near the asking price, it will set the record for the most expensive downtown sale ever.

Volume of Sales Slows Down at 15 Central Park West

15 Central Park West is seeing a drop in sales volume

Although 15 Central Park West has had some very impressive sales in the recent past, a recent news report has said that the volume of sales in the luxury condominium building has slowed down over the past few months. While there were 17 apartments sold at this very exclusive address in 2011, this year has seen only five apartments in the building finding buyers so far. This has been attributed to the sky-high figures being asked for the remaining condos in the building, with some real estate brokers calling some of these homes not worthy of such striking prices.

Foreign Cities Seek to Emulate Manhattan’s Modern Architecture

International developers are emulating Manhattans architectural styleAcknowledged as one of the world’s greatest cities, New York City’s culture is recognizable anywhere in the world; its iconic style, food, and fashion have always been popular across the globe. Now, Manhattan’s modern residential architecture is its latest export to the global community. Over the past decade or so, Manhattan has produced some of the world’s most striking and luxurious new construction condominium buildings. The rest of the world has taken note: cities in countries like China, Israel, Turkey, and Brazil are beginning to hire celebrated New York architects to design buildings in similar styles to their iconic work in Manhattan. This trend has allowed New York City’s global influence to expand even more.

15 CPW Towers Over Manhattan’s Real Estate World

A look back at our blog posts over the past few months will reveal that one luxury condominium in particular has been popping up more than the others. The building in question is, of course, 15 Central Park West, the magnificent, limestone building designed by Robert A. M. Stern that has gained a very worthy reputation in Manhattan’s real estate market. While every apartment in this complex is by itself an amazing home, renovations and redesigns of the same have led to even more striking homes, with price tags that match the astounding glamour of these luxury homes.

15 CPW Double Apartment Selling for $95 Million

15 Central Park West is slated for a $95 million sale.It’s no secret that Manhattan has seen a series of huge sales recently. Listings in Manhattan are carrying some of the heftiest price tags the city’s ever seen, and apartment owners aren’t bashful about it either. The most recent addition to this trend will be on the 35th floor of Manhattan's premier condominium. However, what separates this property from other trendsetters is the fact that the condo is actually two apartments combined together to form one massive 5-bedroom unit. The price tag? $95 million.

One57 Penthouse Sale Breaks Records

One57 breaks residential sales recordThat didn't take long. It’s only been a few months since the $88 million transaction at 15 Central Park West, but a recently purchased property at Midtown West's One57 has already taken its place as the most expensive condominium sale in New York City. Initially listed at $98.5 million, the 10,923 square foot penthouse at the Manhattan high-rise was bought three months ago for more than $90 million, and news of the sale was kept under wraps until yesterday.

Columbus Circle Continues To Ascend To the Top

Condo sales in Columbus Circle are robustThere is perhaps no part of Manhattan that is more coveted than Columbus Circle. Downtown neighborhoods like Tribeca and Soho may have the highest average sales prices in Manhattan, but by any measure Columbus Circle, the small area consisting of a few square blocks on the southwestern corner of Central Park, holds its own against those popular areas. After all, anyplace where a penthouse can sell for $88 million – as a pied a terre, no less – must be doing something right. As we’ve written about previously, the most popular condos for sale in Columbus Circle make it clear that the ultra-lux sales market in Manhattan is as strong as it ever was. It’s hard to draw any other conclusion when a penthouse in one of the best newly constructed buildings Manhattan has ever seen is asking for $110 million, and we’d be willing to bet they’ll get it.

"Starchitect" Buildings Weather the Storm

100 Eleventh Avenue's Luxury Apartments and Condos in ManhattanNow that the dust has settled, it’s time to see how the pre-financial crisis wave of upscale Manhattan luxury condominiums built by the world’s best architects are faring. The fortunes of such buildings reveal many important lessons about the Manhattan luxury real estate market - mainly that market trends and location are still bigger factors than architecture. Prices for luxury condominiums in Manhattan are 10% below 2008’s high-water mark, and “Starchitect” buildings are holding up better than most othe luxury apartment buildings in Manhattan. In the short-term, the boom-time mentality that a brand name architect makes a significant pricing difference has dissapated because their values have gone down, albeit not as much as other luxury apartments in Manhattan. But depressed resale prices are only a part of the story. This wave of innovative architecture will still benefit buyers, neighbors, and Manhattanites for decades to come.