Extell just went public with Central Park Tower listings

Sales officially launched in October 2018
By E.B. Solomont | May 21, 2019 07:00PM

Seven months after launching sales at the most expensive condominium project in the city’s history, Extell Development has publicly listed the units at Central Park Tower.

In a departure from a trend among developers who never release listings publicly, the Gary Barnett-led firm listed seven units ranging from a two-bedroom that’s asking $6.9 million to a five-bedroom asking $63 million. The latter spans 7,074 square feet and has estimated monthly common charges of $10,587 plus monthly real estate taxes of $19,619.

With 179 luxury condos, the project at 217 West 57th Street has a projected sellout of more than $4 billion — making it the priciest condo project in New York City to date. At 1,500 feet, it will also be the tallest residential building in the world.

There are 20 condos priced above $60 million, including a penthouse that will ask $95 million, according to the project’s offering plan. Residences start on the 32nd floor, above a seven-floor Nordstrom and Central Park Club, a 50,000-square-foot amenity space across three floors that will feature billiards, a screening room, a basketball court and a 60-foot outdoor pool with cabanas.

Extell launched sales last year, several months after getting the green light from the New York Attorney General’s office. It’s unclear how many units Extell has sold to date; under terms of its $1.4 billion in financing, the developer must sell $500 million worth of units within three years.

In recent years, developers have opted to keep listings close to the vest — a tactic that’s made it harder to track sales volume at a time when the luxury market is soft. Vornado Realty Trust has not listed any active listings at 220 Central Park South. Three rentals are currently listed on StreetEasy, however.