Central Park Tower
MIDTOWN, MANHATTAN
SUMMARY
Report Date: December 3rd, 2025
$1.54M - $195M
Sales Progress: 120 out of 178 units sold (67%)
Building Type: Condo
Building Stage: Sponsor
Sales Started: 6 Years Ago (09/18/2019)
Closings Started: 5 Years Ago (02/23/2021)
Offering Type: New Construction Condominium
Sales Agent: Extell Marketing Group, Corcoran Sunshine Marketing Group
Developer: Extell Development, SMI USA
Architect: Adamson Associates, Adrian Smith + Gordon Gill Architecture
Landscape Design: -Certificate of Occupancy: 6 Years Ago (09/11/2019)
Central Park Tower, located at 217 West 57th Street in Midtown, was completed in 2019 by Extell Development and SMI USA, with architecture by Adamson Associates and Adrian Smith + Gordon Gill. This iconic 131-floor residential tower is the tallest in the world, standing at 1,550 feet. It offers extensive amenities including concierge, doorman, elevators, multiple swimming pools including a 60-foot saltwater pool, fitness
AMENITIES
center, spa with steam and sauna, a private screening room, business center, and residents' lounge The building boasts the Central Park Tower Club with 50,000 square feet of exclusive facilities including an outdoor landscaped terrace, sports court, movie theater, and 10Cubed, a private dining and ballroom located on the 100th floor Pets are allowed Over 50% sold
Central Park Tower
Central Park Tower has an average asking price of $23M and an average sold price of $16M, reflecting a premium market position for luxury high-rise living. With 178 units predominantly in condominium format, the building offers a relatively exclusive inventory. The average asking price per
square foot stands at approximately $6,800, while the average sold price per square foot is around $5,200, indicating a pricing gap typical of new developments. These figures are based on recent sales data and illustrate strong demand and pricing power for units in this landmark skyscraper.
MIDTOWN NEIGHBORHOOD ANALYSIS
CONTRACTS
Sales Contract Activity in Midtown / Q3 2025
In the last quarter, Midtown saw 99 contract transactions totaling about $289M across 51 buildings. Within this activity, new developments accounted for 17 contracts, resale condominiums hold 44 contracts, and resale co-ops had 34 contracts Compared to the previous year-over-year quarter with 122 contracts and $405M total, the volume of contracts
has slightly decreased, particularly in resale condos that had 31 contracts last year but increased to 44 this quarter, while new developments and resale co-ops declined. This indicates ongoing but moderating market activity within the neighborhood
MIDTOWN NEIGHBORHOOD ANALYSIS
Average Sold Price / SF in Midtown / Q3 2025
$2,674
-7 3% Quarter-over-Quarter
$2,056
$895 CO-OP 1 9% Quarter-over-Quarter -29% Year-over-Year
In the last quarter, Midtown’s new developments averaged $2,674 per square foot, condos averaged $2,056 per square foot, and co-ops averaged $895 per square foot. Compared to the previous year-over-year quarter, average prices per square foot have decreased for new developments from about $3,019 to $2,674, indicating a downward trend Condo prices have increased from approximately $1,571 to $2,056, showing an upward trend, while co-ops experienced a slight decrease from $1,261 to $895. The building’s average asking price per square foot of $6,834 significantly exceeds neighborhood averages, consistent with its ultra-luxury status