Who Sold Central Park Tower Penthouse And Why Now
Who Sold the Central Park Tower Penthouse? The Seller, Buyer, and Deal Details Revealed
The Central Park Tower penthouse was sold by Extell Development, specifically by its CEO Gary Barnett, who listed the duplex unit as the building's flagship residence. The $115 million sale closed in June 2024, with brokers Kent Wu, John Gomes, and Fredrik Eklund of The Eklund|Gomes Team representing the transaction . The buyer remains undisclosed but is confirmed to be an international purchaser .
Key Facts About the Central Park Tower Penthouse Sale
| Attribute | Detail |
|---|---|
| Seller | Gary Barnett / Extell Development Company |
| Sale Price | $115,000,000 (closed June 2024) |
| Original List Price | $175,000,000 (March 2023) |
| Reduced List Price | $149,500,000 (September 2023) |
| Square Footage | 12,557 sq ft (duplex on floors 107-108) |
| Bedrooms/Bathrooms | 7 bedrooms, 30-foot ceilings, 2 terraces |
| Brokers | Kent Wu, John Gomes, Fredrik Eklund |
| Buyer Identity | Undisclosed international buyer |
Timeline of the Penthouse Transaction
- March 2023: The duplex penthouse was first listed for $175 million
- September 2023: Price reduced to $149.5 million after limited buyer interest
- January 2024: Wall Street Journal reported the unit entered contract for north of $100 million
- Early 2024: Unknown buyer signed final contract at approximately $150 million asking
- June 13, 2024: Deal officially closed for $115 million, announced via Instagram by Fredrik Eklund
- February 9, 2025: Douglas Elliman confirmed the $115 million closing as NYC's biggest residential deal since 2021
Why This Sale Matters in New York Real Estate
This transaction marked the first nine-figure residential sale in New York City since late 2021, signaling renewed confidence in the ultra-luxury market. At $115 million, the penthouse became NYC's fourth-priciest apartment sale on record, behind only Ken Griffin's $238 million 220 Central Park South purchase and two other elite transactions. Extell CEO Gary Barnett called it "the most expensive residence we've ever sold".
The $60 million price reduction from the original $175 million ask reflects broader market realities for trophy properties, even on Billionaires' Row. Despite the discount, the sale represents a significant win for Barnett and Extell Development in a challenging luxury market.
Market Context: Ultra-Luxury Sales in New York City
- The $115 million sale is only the sixth nine-figure deal on record for NYC residential real estate
- Last nine-figure sale before this: Daniel Och's $188 million penthouse at 220 Central Park South
- The 12,557-square-foot duplex occupies the 107th and 108th floors of the Western Hemisphere's tallest residential tower
- Features include sweeping Central Park views, two private terraces, and 30-foot ceilings
This sale demonstrates that elite luxury demand persists even when buyers negotiate significant discounts from original asking prices, a pattern increasingly common in Manhattan's trophy property market.
What are the most common questions about Who Sold Central Park Tower Penthouse And Why Now?
Who was the seller of Central Park Tower penthouse?
The seller was Gary Barnett, CEO of Extell Development Company, the building's developer. He listed the duplex penthouse as Extell's flagship residence at 217 West 57th Street.
Who bought the Central Park Tower penthouse?
The buyer remains undisclosed, though broker Gomes confirmed the purchaser is international and declined to share their identity publicly. Public records have not yet revealed the buyer's name.
What was the final sale price of the penthouse?
The penthouse closed for $115 million in June 2024, down from its original $175 million listing price in March 2023. This represented a approximately 34% reduction from the initial asking price.
Which brokers sold the Central Park Tower penthouse?
The sale was closed by Kent Wu, John Gomes, and Fredrik Eklund of The Eklund|Gomes Team at Douglas Elliman. This was their third deal over $100 million in less than two years .
Is there another Central Park Tower penthouse still for sale?
Yes. A different $150 million penthouse remains available at Central Park Tower, while Ryan Serhant's previously marketed $250 million unit was removed from the market in mid-2024 without selling.
