Central Park Tower
MIDTOWN, MANHATTAN
SUMMARY
178
Report Date: November 11th, 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, is a prominent residential skyscraper completed in 2019 and converted in 2020 Designed by Adamson Associates alongside Adrian Smith + Gordon Gill Architecture, the building was developed by Extell Development and SMI USA, with interiors by Rottet Studio It comprises 131 floors and houses 178 units Residents benefit from extensive building amenities including concierge, doorman, elevator service, a swimming pool, fitness
AMENITIES
center, and it is pet-friendly. The building also features private luxury spaces such as the Central Park Tower Club with 50,000 square feet of amenities, including a 60-foot saltwater pool, sports court, spa with steam and sauna, private screening room, and an outdoor movie theater. Situated at over 1,270 feet, it offers remarkable panoramic views encompassing Central Park, the Manhattan skyline, and rivers. Over 50% sold.
Central Park Tower
$23.19M
Central Park Tower features an average asking price of $23M and an average sold price of $16M, reflecting recent sales activity. This difference highlights a robust asking price relative to final sale transactions. The building includes a relatively
exclusive mix with 178 units across 131 floors, indicating largesized residences given the high average prices These figures represent recent data and suggest a high-end market positioning that caters to luxury buyers.
MIDTOWN NEIGHBORHOOD ANALYSIS
CONTRACTS
Sales Contract Activity in Midtown / Q3 2025
In the last quarter, Midtown experienced 92 contracts totaling approximately $266M across 47 buildings, including 16 new developments, 38 resale condos, and 34 resale coops. Compared to the previous year-over-year quarter, which had 114 contracts worth about $377M, activity has decreased in
both contract count and total price, while the number of new development contracts notably fell from 50 to 16. Resale condo contracts increased slightly, whereas resale coop contracts declined marginally
MIDTOWN NEIGHBORHOOD ANALYSIS
PRICE
Average Sold Price / SF in Midtown / Q3 2025
$2,763
$2,086
Price per square foot (PPSF) trends in Midtown show a rising trend from the previous year-over-year quarter to the last quarter across new developments, condos, and coops. Last quarter average PPSF stood at $2,763 for new developments, $2,086 for condos, and $895 for coops, all higher than the yearover-year quarter averages of $3,313 for new developments,
$1,544 for condos, and $1,261 for coops Central Park Tower's average asking PPSF of $6,790 and sold PPSF of $5,203 significantly exceed neighborhood averages for condos and new developments, indicating its premium market positioning Overall, neighborhood prices are trending up in the latest quarter