Central Park Tower, rising majestically from 217 West 57th Street, isn’t just an architectural marvel. It’s a symbol of luxury, status, and exclusivity, an anchor in what has been dubbed Midtown Manhattan’s “Billionaires’ Row.”
Billionaires’ Row, an informal designation for the string of supertall luxury residential buildings dotting 57th Street near Central Park, has become synonymous with extreme affluence in New York City. The street has historically been a significant commercial hub, but over the past decade, it has seen a transformative real estate metamorphosis.
What Makes Billionaires’ Row Special?
1. Prime Location: Central Park Tower’s address at 217 West 57th Street places it in the heart of Billionaires’ Row. This prestigious enclave runs mainly along 57th Street, stretching from Eighth Avenue to Lexington. Its proximity to Central Park affords residents unparalleled green views, a rare commodity in the bustling metropolis of New York.
2. Sky-High Affluence: Properties on Billionaires’ Row aren’t just expensive; they are exorbitantly so. With prices in Central Park Tower starting at $6,500,000 and skyrocketing to a whopping $250,000,000 for the crown penthouse unit, it’s evident that this is a locale reserved for the elite. The cost per square foot ranging between $5600 to $9600 further accentuates the opulence of this district.
3. Architectural Wonders: The buildings along this row aren’t just residences; they’re architectural masterpieces. Central Park Tower, for instance, was envisioned by Adrian Smith, the luminary behind the world-renowned Burj Khalifa. Such buildings redefine the New York skyline with their audacious designs, innovative construction methods, and eye-catching facades.
4. Exclusivity: The amenities provided by these buildings, including Central Park Tower, are second to none. Private entrances, elite concierge services, grand ballrooms, world-class fitness centers, and more – each feature is meticulously curated to cater to the crème de la crème of society.
5. Global Investment: Billionaires’ Row has piqued the interest of international investors, signaling its global significance. Central Park Tower itself was developed in collaboration with the Shanghai Municipal Investment Group. This global connection elevates its status and allure on the world stage.
Central Park Tower: A Crown Jewel of Billionaires’ Row
As the tallest residential building in the Western Hemisphere, Central Park Tower doesn’t just dominate the New York skyline; it commands attention.
In the intricate tapestry of Billionaires’ Row, each building is a thread of luxury, design, and exclusivity. Central Park Tower stands out not just for its height, but for its embodiment of what Billionaires’ Row represents – a testament to New York City’s enduring appeal to the world’s wealthiest.
In conclusion, Central Park Tower is more than just a residence. It’s a statement of luxury, an icon of Billionaires’ Row, and a testament to New York City’s undying allure for the global elite. The tower, in all its grandeur, seamlessly blends architectural genius with unmatched opulence, setting a gold standard for luxury living in the heart of Manhattan.
Central Park Tower at 217 West 57th Street
Central Park Tower, situated at 217 West 57th Street, claims the title of the tallest residential building in the Western Hemisphere. Its apartments boast vast spaces tailored for entertainment, with high ceilings and sweeping views stretching from the Atlantic Ocean to the Appalachian Mountains. The building’s architectural genius comes from Adrian Smith, the mind behind Dubai’s iconic Burj Khalifa. Its facade showcases an uninterrupted view of Central Park, encapsulated by towering floor-to-ceiling windows.
A 14th-floor elevated deck includes a sky garden and outdoor pool. For wellness and relaxation, the tower offers a top-tier fitness center, basketball/squash court, an indoor pool, steam rooms, and saunas. On the 100th floor, residents can indulge in a restaurant, a grand ballroom, and a cigar lounge. Central Park Tower is an epitome of architectural innovation, blending magnificent views with exquisite design, spacious layouts, and luxurious services.
Noteworthy is the Lalique Lobby – a significant New York City commission for Lalique after a century. A 57th Street lobby showcases a grand chandelier with 2,000 crystal pieces, overseen by an elite concierge team. Residents also benefit from a private entrance on 58th Street.
Central Park Tower is a masterpiece standing tall at 1,550 feet. Inside, the intelligently designed residences are oriented to maximize panoramic and citywide views. Their generous dimensions, vast walls of glass, and high ceilings make them ideal for both grand and intimate gatherings. Rottet Studio is responsible for the refined interiors.
This towering achievement is nestled in Midtown Manhattan’s Billionaires’ Row. Designed by Adrian Smith + Gordon Gill Architecture, the building boasts 98 floors above ground, though the topmost floor is numbered 136. This makes it the second-tallest structure in New York City, the U.S., and the Western Hemisphere. Developed by Extell Development Company and the Shanghai Municipal Investment Group, its residential segment comprises 179 condominiums, with each averaging 5,000 sq ft.
The interiors are crafted by Rottet Studio. The tower forms part of the major developments around 57th Street and Central Park, which the media dubs “Billionaires’ Row.”
Architecture and Design
The edifice contains 98 actual above-ground floors, complemented by three basement levels. Its zenith stands at 1,550 feet, making it the world’s tallest primarily residential building. The building’s exterior showcases a cantilever stretching 28 feet over the Art Students League of New York. The glass-and-aluminum façade houses over 10 million pounds of materials, encapsulating casement windows that offer breathtaking views. Structural features include a concrete core, and innovative construction techniques were employed throughout its development.
The tower has a total floor space of over 1.2 million sq. ft. The first seven floors house New York City’s debut Nordstrom department store. The following five floors offer amenities exclusively for residents. Condominiums, starting on the 32nd floor, range from two to eight bedrooms and vary vastly in size. Some of these units even feature terraces.
With 50,000 sq. ft. of amenity space, residents have access to The Central Park Club on the 14th floor, inclusive of a lounge, theater, conference room, play areas, and an outdoor terrace. The 16th floor offers an indoor pool, gym, spa, basketball court, and more.
This description provides a comprehensive look into Central Park Tower’s unmatched luxury and stature in New York City’s skyline.
There are currently 21 active sales in the building starting at $6,500,000 and they go up to $250,000,000 for the crown penthouse unit. Price per square foot ranges from $5600 per square foot to $9600 per square foot on average.
For more information on this super luxury offering please contact the Columbia Vitolo Team at Compass for a discreet conversation.
In early 2024, New York City’s real estate market saw a notable transaction with the sale of a duplex penthouse in Central Park Tower at 217 West 57th Street for around $115 million. Initially listed for $175 million and later reduced to $149.5 million, this sale is a significant achievement for Extell Development, as highlighted by Gary Barnett, with the final price reported to be closer to $115 million. The Wall Street Journal was the first to report this deal, which ranks as the second most expensive unit in the building, following another penthouse currently priced at $195 million, down from its original $250 million.
The luxurious penthouse spans the 107th and 108th floors of the Billionaires’ Row tower, the tallest residential building in the Western Hemisphere. It boasts seven bedrooms, eight full baths, two half-baths, a grand salon with a 27-foot double-height ceiling, chevron-patterned hardwood floors, high-end kitchen appliances, and additional amenities such as a family room, conservatory, library, office, media room with a terrace, guest suite, playroom, and staff room. A floating spiral staircase leads to the upper level, which includes a primary suite with a private movie theatre and business center. The identity of the buyer remains undisclosed.
This sale is a part of a trend of high-value real estate transactions in Manhattan. Over the past decade, 220 Central Park South has dominated the top sales in Manhattan, securing the first, second, and third highest sales spots with transactions worth $239,000,000, $187,000,000, and $157,000,000, respectively. Additionally, 220 Central Park South is responsible for five of the top ten highest sales in the area, followed by other prominent buildings like One 57 and 432 Park Avenue. This recent sale in Central Park Tower further cements Manhattan’s status as a hotspot for luxury real estate.