Top 10 NYC Residential Transactions in 2012

Catalin —  December 21, 2012 — 1 Comment

2012 was a very active year for luxury residential real estate in New York City, as it marked the transaction of the top 3 biggest sales ever to happen in Manhattan. Unsurprisingly, a quick look at the top 10 biggest sales reveals that all of them are in Manhattan and that 8 of them are coops or condos.

top10 nyc residential 2012 Top 10 NYC Residential Transactions in 2012

From left to right: 15 Central Park West, 50 Central Park South and 785 5th Avenue

1. 15 Central Park West #PH20, Manhattan
The highest price ever for a Manhattan apartment was paid by the Russian billionaire Dmitry Rybolovlev, who bought the penthouse at 15 Central Park West for $88 million on February 15th. According to the New York Times, the apartment was bought  for his 22-year-old daughter, Ekaterina.

2. 50 Central Park South #30/31, Manhattan
The second priciest transaction happened on June 11th. The condo combo at 50 Central Park South #30/31 was sold for $70 million, after initially being listed for $77.5 million. The buyer is the casino magnate Steve Wynn. It is also the second highest home sale in Manhattan ever.

3. 785 5th Avenue #PH, Manhattan
The third priciest transaction is a penthouse coop at 785 5th Avenue, which sold on November 8th for $54 million. According to the Real Deal, the buyer is the music mogul David Geffen, who purchased the unit from Denise Rich, who was initially asking $65 million for it.

Here’s the complete top 10 of the biggest residential transactions in NYC in 2012.

Property address Sale price Property type
15 Central Park West #PH20, Manhattan $88,000,000 Condo
50 Central Park South #30/31, Manhattan $70,000,000 Condo
785 5th Avenue #PH, Manhattan $54,000,000 Coop
740 Park Avenue #1213, Manhattan $52,500,000 Coop
834 5th Avenue #12B, Manhattan $42,000,000 Coop
973 5th Avenue, Manhattan $42,000,000 Single Family Home
884 5th Avenue, Manhattan $40,064,000 Coop
15 West 63rd Street #29A, Manhattan $33,500,000 Condo
1030 5th Avenue #9W, Manhattan $31,500,000 Coop
19 East 82nd Street, Manhattan $27,750,000 1-3 Family Home

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    [...] even record-breaking, prices. It’s true they don’t come even close to prices paid for the most expensive homes in Manhattan, Brooklyn or even the Bronx, but for the borough, a transaction going above $5 million is something [...]

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