What’s going on with Ryan Serhant’s Central Park Tower penthouse listing?

Extell trophy unit featured in “Owning Manhattan” pulled off the market

Serhant’s Central Park Tower Trophy Listing Pulled Off Market

Extell's Gary Barnett, Ryan Serhant and Central Park Tower (Getty, Central Park Tower, Serhant); Illustration by The Real Deal)

Sheridan Wall

Jul 24, 2024, 5:10 PM

Extell Development appears to have dropped Ryan Serhant as the listing broker on its Central Park Tower penthouse.

The supertall’s crown jewel was a focal point in the celebrity broker’s new Netflix series, “Owning Manhattan,” which showed Serhant and his team racing the clock on their six-month agreement to find a buyer for the triplex, then asking $250 million.

Serhant was still marketing the listing through the show’s premiere at the end of June, but the developer pulled the penthouse off the market about a week later. The 17,500-square-foot property, last asking $195 million or $11,100 per square foot, has also been removed from the brokerage’s website.

A spokesperson for Extell didn’t respond to questions about a sales team or price change at the penthouse and said it was in the process of “reevaluating the next steps” for the apartment.

Serhant did not respond to a request for comment.

The unit at the Billionaires’ Row tower snagged a round of publicity last fall when Extell cut the price by $55 million. At the time, Extell founder Gary Barnett said initial prices at the building were “headline prices,” and the discount was an attempt “to get serious” about offloading the apartment.

The penthouse’s removal from the market comes after a sale for a similar unit at the building closed for $115 million last month, marking the first New York City deal to exceed $100 million since 2022. Douglas Elliman’s Eklund-Gomes Team, including founders Fredrik Eklund and John Gomes and team member Kent Wu, brought the buyer.

About a month after the Central Park Tower deal closed, another $100 million plus sale landed in the city register. Developer Vlad Doronin paid $135 million for a penthouse at his luxury condo conversion at the Crown Building — after telling the Wall Street Journal in 2019 that an Asian investor had agreed to buy the apartment for $180 million.

The city’s nine-figure deal revival coincided with an uptick in top-dollar transactions across the country. By June, sales over $100 million nationwide had already exceeded last year’s total, and if sales continue at this velocity, they’re on track to double it, according to data from appraiser Jonathan Miller.

Another penthouse at Central Park Tower, asking $150 million, is still on the market with Shlomi Reuveni of Reuveni Development Marketing and Christie’s International Real Estate Group.