Park Avenue Penthouse Leads Manhattan Sales at 25M

The article reports that Manhattan’s most expensive sale last week was a $25 million penthouse at 1110 Park Avenue, fully furnished and built in 2015, but never occupied. The property, featuring 14-foot ceilings, multiple outdoor spaces, including a private rooftop and pool, and high-end Italian furniture, is in contract, with the final price pending. Despite discussions of a pied-à-terre tax, the luxury market remains strong, with several high-value contracts signed, indicating resilience in New York City’s upscale real estate sector.

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