What do you think you might find at the high end of NYC’s residential market in Q2 2012? The answer might not be surprising– it’s mostly luxury co-ops in Manhattan, making up half of the top-10 priciest NYC homes sold in spring. What might surprise you instead is to find out that this quarter recorded the highest co-op sale Manhattan has ever seen–see it at #2.

The following list of luxury homes strengthens what was stated in this Wall Street Journal article, that there seems to be a  ” growing confidence that New York luxury properties can provide a haven for wealth in a turbulent economy.”

50 Central Park S

#1 50 Central Park South #30/31, Manhattan

Price: $70 million

The scoop: The Midtown condo combo was sold in June to casino magnate Steve Wynn, after being listed for $77.5 million. This is also the second-highest home sale Manhattan has ever seen.


740 Park Ave

#2 740 Park Ave #1213, Manhattan

Price: $52,500,000

The scoop: A record-breaking sale for Manhattan co-ops, this 8-bedroom, 10-bathroom duplex was sold in April to billionaire investor Howard Marks and his wife, Nancy. A look at the building’s tenant list makes you understand why this was named “the world’s richest apartment building” in Michael Gross’ book of the same title.

973 5 Ave


#3. 973 5 Ave, Manhattan

Price: $42,000,000

The scoop: Another stratospheric sale, for townhouses this time. The Standford White-designed single-family home sold in June, setting the record for 2012 townhouse buys.


Check out the rest of the homes that make up our top 10. Since 60% of transactions took place in June, we’re hoping to see more than the usual summer slowdown in the following months.

Property address Sale price Property type
50 Central Park South #30/31, Manhattan $70.000.000 Condo
740 Park Ave #1213, Manhattan $52.500.000 Coop
973 5 Ave, Manhattan $42.000.000 Single Family Home
884 5 Ave, Manhattan $40.064.000 Coop
1030 Fifth Avenue #9W, Manhattan $31.500.000 Coop
1033 Madison Ave #89BA, Manhattan $24.500.000 Coop
15 Central Park West #37C, Manhattan $23.350.000 Condo
88 Central Park W #8N & 9W, Manhattan $19.500.000 Coop
100 Eleventh Avenue #23PH, Manhattan $19.397.663 Condo
7 East 80 Street, Manhattan $19.000.000 Single Family Home



Roxana Baiceanu

Roxana Baiceanu

Roxana is an associate editor with Multi-Housing News and Commercial Property Executive. In the past, she also created content for PropertyShark and Point2Homes’ blog pages. She also has 5 years of experience as a marketing copywriter.