Central Park Tower Penthouse Closes For $115M

Gary Barnett just snagged the priciest deal in New York City since 2022.

A penthouse at Extell Development’s Central Park Tower closed for $115 million, top broker Fredrik Eklund wrote in an Instagram post on Friday. The deal has not yet landed in public records.

The news comes about five months after the Billionaires’ Row apartment found a buyer in a deal first reported by the Wall Street Journal. At the time, Extell CEO Barnett said it was the “most expensive residence we’ve ever sold.”

Zero homes in the city closed for more than $100 million last year. The last deals to cross the threshold were billionaire investor Daniel Och’s 220 Central Park South penthouse, which sold for $188 million in 2022, and two East 66th Street apartments, which sold for $101 million the same year.

The nine-figure deal for Unit 107 is a win for Barnett, though it’s significantly less than the $175 million he aimed for when the duplex hit the market last year. He dropped the price to $150 million before an unknown buyer signed a contract for the property earlier this year.

Eklund and the co-founder of his Eklund-Gomes Team at Douglas Elliman, John Gomes brought the buyer, along with team member Kent Wu. Gomes told the Journal in January the buyer is international but declined to share the identity.

The condo spans more than 12,000 square feet and has 30-foot ceilings with views of Central Park.

Extell Marketing Group and Corcoran Sunshine had the listing.

The penthouse is just one of several at 217 West 57th Street with asking prices above $100 million. The building’s crown jewel was once priced at $250 million, but Barnett slashed the price to $195 million last year.

He told The Real Deal at the time that he ditched the “headline price” to “get serious” about finding a buyer. Ryan Serhant is marketing the 18,000-square-foot triplex.

Sales launched at the world’s tallest residential tower in 2018 with a projected sellout of $4 billion. The developer later reduced his expectation to closer to $3 billion as units traded for discounted prices.