New York Leads Global Cities In Sales Priced Over $10 Million In The First Half Of 2021

59th Street New York

Among seven major global cities, New York leads with 202 sales of properties priced over $10 million during the first six months of 2021 . This figure was nearly four times the sales total in 2020 and an increase of 36% from 2019. The aggregate value of the sold properties was $785 billion. The cities included in the survey were Los Angeles, Singapore, Hong Kong, London, Sydney, and Dubai. [Mansion Global]

Global Cities: Sales Over $10 Million
Global Cities: Sales Over $10 Million

Manhattan Penthouse Sales Surge In 2021

30 Park Place Penthouse, double height loggia
30 Park Place Penthouse, double height loggia

“In Manhattan, penthouse contracts signed from Jan. 1 to May 31 of this year were the most on record since 2007,” the inception of the research data, reports Mansion Global . “A total of 222 penthouses went into contract in the first five months of the year, a 35% increase from the same period in 2019…

One of the highest-priced penthouse contracts so far this year is Penthouse 88A at 15 Hudson Yards on Manhattan’s far West Side, which went into contract asking $29.5 million earlier this month. 

Other notable penthouse transactions include a pair at the Four Seasons Private Residences at 30 Park Place in Tribeca, one went into contract in April and closed on May 26 for $18.5 million, and the other found a buyer with an asking price of $25 million on April 28. 

Also, a pair of penthouses at Lantern House in Chelsea, designed by Thomas Heatherwick, priced at $18.947 million and $16.975 million, went into contract in February and June, respectively.

Currently, the most expensive penthouse available for sale in Manhattan is the pinnacle penthouse at The Woolworth Tower Residences, listed for $79 million in March.”

Woolworth Tower, 2 Park Place, Pinnacle Penthouse
Woolworth Tower, Pinnacle Penthouse