NYC Luxury Market

NYC Luxury Market

New York’s luxury sector is the top 10 percent of residential sales. The market is influenced by the buying and selling of these homes, as well and the development of new luxury residential spaces in the city.

NYC Luxury Market Q&A

What is included in the luxury market?
The luxury market includes the construction of new luxury buildings as well as the buying and selling of existing luxury homes, apartments, and condos. In 2018 the fastest-growing luxury market was in Guangzhou, China, according to The Real Deal's research.
What is the average luxury apartment sale in New York?
According to The Real Deal's 2019 Data Book, in 2018 the average luxury apartment in New York sold for $8.9 million and cost over $2,800 per square foot after sitting on the market for 115 days.
Who buys and sells luxury apartments?
Luxury apartments can be bought by individuals or families for occupancy purposes, purchased as investments or as rental spaces. In 2018, the highest residential sale price was $74 million. Two apartments at this price sold that year. One, at 520 Park Avenue, was sold by Zeckendorf Development and the other, at 9-13 East 75th Street, was sold by Roman Abramovich. Many top residential brokerages have teams that focus on luxury sales.
Want to know more about NYC's luxury market?
Check out our Top Stories below for TRD's most up-to-date coverage of New York's luxury market.

NYC Luxury Market Top Stories

August 26, 2019David Koch lived at 740 Park, known as the world’s “richest building,” for 15 years.

The Latest

CityRealty Map

Central Park South deal tops list of week’s luxury home sales

Each week, The Real Deal and CityRealty look back at Manhattan’s priciest apartment sales.

255 West 11th Street with Liv Tyler and 49 East 67th Street  with Thomas and Ann Unterberg (Credit: Getty Images and Google Maps)

Here’s what sold in NYC’s luxury home market last week

Here’s the down-low on some of the residential deals that caught our eye in the Big Apple last week....

CityRealty Map

Here are the week’s top luxury sales

Each week, The Real Deal and CityRealty look back at Manhattan’s priciest apartment sales.

110 Central Park South and Aleksandra Melnichenko (Credit: Google Maps and Getty Images)

Who’s buying what? Here are our top luxe resi sales

Pricey deals continue to close at Vornado Realty Trust’s ultra-luxury tower 220 Central Park South. And Lee Radziwill’s long-time...

CityRealty Map

Here are the week’s top luxury sales

Each week, The Real Deal and CityRealty look back at Manhattan’s priciest apartment sales

Lee Radziwill and her home at 160 East 72nd Street (Credit: Getty Images, Brown Harris Stevens)

Longtime home of Lee Radziwill, sister to Jackie O., sells for $4M

The estate of Lee Radziwill sold the former princess’s longtime Upper East Side home for $4.25 million, property records...

CityRealty Map

Here are the week’s top luxury sales

Each week, The Real Deal and CityRealty look back at Manhattan’s priciest apartment sales.

CityRealty map 10.16

Here are the week’s top luxury sales

Each week, The Real Deal and CityRealty look back at Manhattan’s priciest apartment sales.

993 Fifth Avenue and Gilbert Harrison (Credit: Google Maps and GLC)

Retail exec sells Fifth Avenue co-op to Chanel heir for $19M

A retail dealmaker sold a full-floor Fifth Avenue co-op with views of Central Park and downsized to another unit...

CityRealty

Here are the week’s top luxury sales

Each week, The Real Deal and CityRealty look back at Manhattan’s priciest apartment sales.

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