The Western Hemisphere’s tallest residential building with some of its costliest homes
The supertall towers that emerged along Midtown Manhattan’s 57th Street — otherwise known as Billionaires’ Row — have been grabbing headlines for years now. One stands out, however. Central Park Tower is the tallest residential building in the Western Hemisphere and includes a penthouse selling in 2024 for a record-breaking $150 million. It isn’t necessarily size that matters here; rather, it’s location, views and the quality of design features. Most buildings on this now highly coveted stretch make the most of tight plots and benefit from the latest feats in structural engineering to rise especially high yet slender. As the 1,550-foot-tall building’s name suggests, dizzying views of nearby Central Park (and Midtown Manhattan) are a key draw. The tower, completed in 2021 by famed Chicago firm Adrian Smith + Gordon Gill in collaboration with Extell Development Company president Gary Barnett, now defines the skyline and is unmistakable from almost any vantage point in Manhattan. No one is making a modest entrance in this sumptuously albeit sparely outfitted residence. With interiors staged by leading practice Rottet Studio and programmed by lifestyle curator Colin Cowie, very little has been left to chance.
A unique architectural challenge
“In Manhattan, space comes at a premium. If you want to build big, you’ve got to build up,” reports Fred Mills, the founder and presenter of the B1M, a YouTube channel that covers engineering and architecture news from around the world. “To develop the small sites, they secured with buildings tall enough to have Central Park views, developers on Billionaires’ Row spent years acquiring air rights from the properties around their lots. That meant they could combine those air rights to build taller properties and ensure those nearby buildings couldn’t block those views.”
Most of the supertalls that line this exclusive street were constructed with innovative strategies that allow them to rise high without needing extensive setbacks and large bases. “Stiffening the structure is key to maintaining stability,” Mills adds. “The materials need to be strong enough to keep these buildings steady. Of course, when you’re 1,300 feet in the air, you have to think about the wind.” To keep these thin structures from swaying too much, mass dampers — massive swinging weights installed at the top of the towers — function almost like the shock absorbers you might find in a car. The goal is to reduce the sway enough so that residents don’t notice the movement.
Supply, demand and investment opportunities
According to celebrity New York City broker Ryan Serhant, who was also interviewed in Mill’s report about Billionaires' Row, the area attracts a large international buyer base willing to pay much more for square footage than elsewhere. Given that there are fewer units in these buildings than in other luxury and ultra-luxury condominiums, the limited stock is sold at a higher cost. It’s all about supply and demand and the cache of owning a piece of the action. Among Central Park Tower’s 179 apartments, especially upmarket studios sell for $1 million to $2.5 million. One bedrooms with 1,500 square feet of space – larger than comparable units in nearby supertalls – hover around the $4.2 million mark. While two bedrooms fetch between $5.3 million and $8.5 million, three bedrooms sell for $8 million to $18 million, depending on size and position within the building. Four bedrooms sell for between $23 million and $48 million. Double height and duplex penthouses on floor 100 and higher are priced in the upper 10s of millions and, in some cases, surpass the $100 million threshold. “There are a lot of pieds-a-terres properties here,” says Serhant. “Many are investments, assets; It’s like owning a Picasso. New York City had status symbol properties before Billionaires’ Row but never like it does now. These towers are like brands, like owning a Birkin Bag.”
Floor-to-ceiling glass and generous floorplates
“A generous selection of materials and finishes, from the glass to the finials, adds a surprising softness to the building,” says Gordon Gill, co-principal of the firm he co-owns with Adrian Smith. "We believe that we’ve created a building that’s respectful and refined.” Positioning living and dining rooms near the corner of units, the firm sought to maximize dramatic panorama views. Impressively, structural elements were relegated to the building’s structural core so there wouldn’t be any obstructions in its fully glazed facade. “We really wanted to bring the outdoors in so [residents] feel as though they’re living inside the park,” says Lauren Rottet, principal of the eponymously named design studio. “Gary and I spent a long time choosing the stone and wood finish for both the lighter and darker unit styles.” Bespoke Smallbone kitchen cabinetry anchors chef-caliber Miele appliances. Bathrooms are fully clad in imported stone and feature Dornbracht fittings. Onyx accents throughout hint at the level of luxury this property carries.
The $150 million Sky House covers the entire 127th and 128th floors
According to a Forbes article published in April 2024, the 11,535-square-foot Sky House penthouse covers the entirety of the 127th and 128th floors. Currently on the market for $150 million, the residence sits 100 feet higher than the top floor of the Empire State Building. This ‘castle in the sky’ includes eight bedrooms, nine full en suite bathrooms and one powder room. A grand spiral staircase punctuates a double-height grand salon that, alone, is much larger than most New York City apartments. There’s also an observatory, library, family room and wine cellar. Packages are delivered through a discreet staff entrance.
The best kind of urban resort
There’s 50,000 square feet of amenity space spread throughout the building. The three-level The Central Park Club occupies the 16th through 19th floors and includes a massive outdoor deck that sits atop retailer Nordstrom's uniquely wavey-glass-clad podium. This massive terrace includes a 60-foot-long pool, garden and al fresco dining space. Inside, the Living Room with a billiards table is joined by a screening room. Residents benefit from premium food and beverage services. The Wellness Center includes an additional indoor pool and half basketball court. On a higher level, spaces like the Grand Ballroom, Sky Lounge, a cigar humidor and a private dining room helmed by Michelin-star chefs like Alfred Portale cater to, absolutely, every need. Residents live in the heart of the city and can quickly connect to all parts of Manhattan.
Collateral AnalyticsCollateral Analytics
Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.
Black Knight®Black Knight
Black Knight’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.
First AmericanFirst American
First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.
Quantarium
Current List Price
Sold Price
Area Factors
Moderate Crime
Crime Score®
5/ 10
Very Bikeable
Bike Score®
86/ 100
Walker's Paradise
Walk Score®
99/ 100
Rider's Paradise
Transit Score®
100/ 100
Sources: WhatIsMyCrimeRisk.com, Walk Score
Sources: WhatIsMyCrimeRisk.com, Walk Score
WhatIsMyCrimeRisk.com, Powered by CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks. Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
Sound Score® measures the noise level of any address. Environmental risk data is provided by First Street Foundation® and is designed to approximate risk and not intended to include all possible scenarios.
Parks in this Area
745 Plaza
9 min walk
Picnic Area
Dante Park
9 min walk
Picnic Area
Damrosch Park
10 min walk
Picnic Area
Events
Richard Tucker Park
10 min walk
Picnic Area
Events
Grand Army Plaza
10 min walk
Ramon Aponte Park
13 min walk
Playground
Waterpark
Samuel N. Bennerson 2nd Playground
14 min walk
Basketball
Playground
Channel Gardens
15 min walk
Picnic Area
Nature Center
Hell's Kitchen Park
2 min drive
Basketball
Tennis
Trails
Schools
Source:
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Disclaimer: Please note that this building may not be in these schools' attendance zones.
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed and should be independently verified.