The Real Deal New York

In 2012, residential sales broke records

Town Residential founder called it "the year of the penthouse"

January 02, 2013 10:00AM
By Katherine Clarke

15 Central Park West, PH20

From the January issue: Town Residential founder Andrew Heiberger recently dubbed 2012 the “Year of the Penthouse,” due to the recent stream of record-breaking deals. The year started with the now-famous $88 million sale of a penthouse at 15 Central Park West, and before 2012 was done, city-wide records for condo, co-op and townhouse sales had all been broken — some more than once. In 2012, there were 10 sales over $30 million, compared to six in 2011, according to data from the listings website StreetEasy. And at $88 million, 2012’s most expensive sale dwarfs 2011’s $48 million record and 2007’s $50 million top deal. [more]

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