Nearly $650M in NYC contracts include Taxi magnate's condo at 50% off and $80M of deals at 111 West 57th Street

By CityRealty Staff | From Future New York Tuesday, April 1, 2025

A penthouse at 101 Warren Street has finally found a buyer asking 50% less than its initial listed price

As the old saying goes, March comes in like a lion and out like a lamb. But Manhattan's real estate market is anything but mild as March 2025 draws to a close. With one day remaining in the month, it is expected to break even with March 2024 in terms of the number of contracts signed. However, with 13 properties asking over $10 million, there was a week-over-week surge in aggregate dollar amount of contracts signed.

A total of $79,000,000 across two deals was signed at 111 West 57th Street, the super-skinny supertall second only to Central Park Tower as Manhattan's tallest residential building with Penthouse #72 coming out on top with an asking price of $56,000,000 that usurps at $52.9 million contract at the nearby Central Park Tower as the highest-priced of 2025. The triplex penthouse comprises a full-floor private loggia, one floor dedicated to entertaining, and upper-level bedrooms for privacy. Unobstructed views of Central Park may be seen throughout, and all levels are connected by both a staircase and a private internal elevator.

Several stories down, Residence #44 entered contract with a $23,000,000 asking price. This simplex unit is reached via direct elevator entry and looks out on Central Park views from the Great Room.

These deals bring 111 West 57th Street to over 75% sold. Full-floor Tower Residences account for the majority of public availabilities, but a five-bedroom Landmark Residence in the restored Steinway Hall component of the new development is listed for $14,500,000.

The Plaza, #1007/1009 (Compass)

A short distance away, Residence #1007/1009 at The Plaza tied with Residence #44 for the third-highest asking price of the week. The New York Post describes the five-bedroom, Central Park-facing apartment as being "decked out like a mini-Versailles" for its gold trim and Venetian plaster, and notes that it was once asking as much as $50 million.

The tabloid also identified the seller as Valery Kogan, co-owner of Moscow's Domodedovo Airport, and noted that it was part of a massive sell-off of Mr. Kogan's real estate holdings following Russia's invasion of Ukraine. Indeed, the contract was signed shortly after the sale of Mr. Kogan's former apartment at the nearby 15 Central Park West ranked among Manhattan's top sales.

Beyond Billionaires' Row, it was a good week for Tribeca - the neighborhood was home to four of the week's top ten contracts. This included the top Downtown contract and second-highest overall: Penthouse N at 108 Leonard Street, which was asking $24,450,000. Spread over three stories, this 6,252-square-foot "Townhouse in the Sky" boasts soaring ceilings, a Great Room with marble fireplace, a windowed eat-in kitchen with separate bar area, super-luxe primary suite occupying the entire top floor, and a total of 2,173 square feet of outdoor space across three private terraces.

101 Warren Street #3210/3240 (Douglas Elliman)

To the west at 101 Warren Street, Residence #3210/3240 entered contract with an asking price of $13,995,000. The duplex was already distinguished by its open views, gourmet kitchen, private terraces, and internal elevator and dramatic staircase that connect both levels. And as a 6sqft piece quips, the unidentified buyer is guaranteed never to be four feet from at least one TV in the wake of a renovation.

While good enough for the seventh-highest contract of the week, it represents a dramatic reduction from what the owner, taxi magnate Simon Garber, initially sought for it. In 2014, around the time Mr. Garber agreed to pay restitution and fines for overcharging cab drivers for leasing vehicles from his firm, he listed the condo for $27 million. It has been on and off both the sales and rental markets ever since, seeking as much as $30 million for sale and $100,000/month for rent, but gradually coming down in price. However, if it sells for this price, Mr. Garber still stands to make a profit, having bought the duplex for $8 million in 2010.

NYC's priciest contracts: March 24-30, 2025

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#10. 200 East 83rd Street, #34A
Last Ask: $12,950,000

Yorkville | Condominium | 5 Bedrooms, 4.5 Baths | 3,339 ft²

200 East 83rd Street, #34A (Compass)

From the Listing: Introducing Residence 34A, a never before lived-in rare gem nestled within the prestigious Robert A.M. Stern's architectural masterpiece at 200 East 83rd Street, one of the most important buildings to be built on the Upper East Side in the last 50 years. Upon entering the foyer unveils soaring ceilings, setting a tone of grandeur and elegance. Proceed through the gallery to the expansive Grand Salon, measuring an impressive 18 by 29 feet, the heart of this exceptional floor plan. See full details here.

200 East 83rd Street has one public availability asking $6,350,000.

#9. The Four Seasons Private Residences, #71A
Last Ask: $13,450,000

Tribeca | Condominium | 4 Bedrooms, 5.5 Baths | 3,699 ft²

Four Seasons Private Residences, 30 Park Place, Tribeca

The Four Seasons Private Residences, #71A (Dolly Lenz Real Estate LLC)

From the Listing: Perfectly positioned on the 71st floor of the Four Seasons Private Residences, this Robert A.M. Stern designed four-bedroom residence enjoys commanding city and river views from every angle. As you enter, you are welcomed into a grand foyer that leads into an expansive living room with massive windows and soaring ceilings, allowing natural light to flow in and offering unparalleled views of the Freedom Tower and other downtown landmarks. The voluminous great room seamlessly connects to the large formal dining room making it the perfect space for entertaining guests. See full details here.

The Four Seasons Private Residences has 9 public availabilities from $2,675,000.

#8. 765 Park Avenue, #7B
Last Ask: $13,750,000 (-7.7%)

Park/Fifth Ave. to 79th St. | Cooperative | 4 Bedrooms, 5.5 Baths | 5,500 ft²

765 Park Avenue, #7B (Brown Harris Stevens Residential Sales LLC)

From the Listing: Ideally located in one of Park Avenue's finest prewar cooperatives, at the corner of 72nd Street, this extraordinary 14-room residence has massive proportions and 100-feet of Park Avenue frontage. Designed by renowned architect Rosario Candela, the residence offers grand scale rooms with a graceful layout accentuated by magnificent original architectural elements. Resplendent with glorious light streaming in from 25 windows, the sprawling home spans all four exposures.It has soaring ceilings enhanced by traditional moldings and tall doorways; pristine hardwood flooring may be found throughout. A private elevator entry opens to a vast 29-foot-by-12-foot gallery, providing an impressive introduction to the home. See full details here.

765 Park Avenue has 3 public availabilities from $7,200,000.

#7. 101 Warren Street, #3210/3240
Last Ask: $13,995,000 (-22%)

Tribeca | Condominium | 6+ Bedrooms, 6+ Baths | 6,400 ft²

101 Warren Street, #3210/3240 (Douglas Elliman Real Estate)

From the Listing: Designed by renowned interior designer Richard Mishaan, this stunning condominium duplex boasts two full floors of lavishly appointed living space with breathtaking views of the city skyline, One World Trade, and the Hudson Riverfront. Enjoy a generous 6,300 square feet of mansion living high above NYC, complemented by an astounding 2,450 square feet of outdoor entertaining space featuring two wraparound loggia terraces. Classic era themes meet contemporary design elements throughout the residence, with floor-to-ceiling windows, natural wood floors, and soaring ceilings flooding the space with light. See full details here.

101 Warren Street has 7 public availabilities from $2,100,000.

#6. 16 East 94th Street, #TH
Last Ask: $14,500,000 (-7.9%)

Carnegie Hill | Townhouse | 5 Bedrooms, 6+ Baths | 6,800 ft²

16 East 94th Street, #TH (Kleier Residential Inc)

From the Listing: Meticulously restored and beautifully gut renovated, this single family residence epitomizes Manhattan living at its finest. The exterior of this approximately 6,800-square-foot home has a classic brick facade and boasts a striking variety of window openings, complemented by shallow iron balconies and elegant basket-arched French doors. Once inside you'll experience a seamless blend of contemporary architecture, impeccable craftsmanship, and custom finishes. Spanning eleven rooms, with soaring ceiling heights throughout, the home features two floors dedicated to entertainment, including an impressive, landscaped garden. See full details here.

#5. 443 Greenwich Street, #5C
Last Ask: $16,500,000

Tribeca | Condominium | 4 Bedrooms, 4.5 Baths | 3,677 ft²

443 Greenwich Street, #5C (Cantor and Pecorella)

From the Listing: This graciously proportioned 4-bedroom, 4.5-bathroom home spans an impressive 3,677 square feet and is thoughtfully designed with luxurious detail. Step off the elevator into your private foyer, featuring elegant limestone inset flooring and a striking handcrafted blackened steel feature wall. The original Carolina yellow pine beams and columns, dating back to 1882, add character and warmth to the lofted ceilings. With southern exposure through oversized windows, the expansive living room and open kitchen are bathed in natural light, highlighting the 8-inch wide white oak floors throughout. A spacious laundry room includes a vented Electrolux washer and dryer, a utility sink, and ample storage. See full details here.

443 Greenwich Street has no public availabilities.

#4. 50 West 66th Street, #40S
Last Ask: $22,250,000

Central Park West | Condominium | 4 Bedrooms, 4.5 Baths | 3,547 ft²

50 West 66th Street, #40S (Corcoran Group)

From the Listing: 50 West 66th Street, slated to be one of the tallest and most important residential buildings that will transform the Upper West Side and the New York City skyline. Tower Residence 40S is a gracious 3,547 interior square foot, 4-bedroom, 4.5 bath home with a 141-square-foot private loggia, spectacular Central Park and city views from the south and east exposures, 13'2"-13'6" ceilings and floor-to-ceiling windows. See floor plan and full details here.

50 West 66th Street has 11 public availabilities from $5,995,000.

#3 (tie). The Plaza, #1007/1009
Last Ask: $23,000,000 (-8%)

Midtown West | Condominium | 5 Bedrooms, 4 Baths | 5,302 ft²

The Plaza, #1007/1009 (Compass)

From the Listing: This exclusive offering combines two expansive apartments on the most desirable corner of The Plaza, totaling 5,302 square feet, into an exquisite 5-bedroom, 3-full bathroom, 2-half bathroom masterpiece with high 12-foot ceilings. With opulent French-inspired interiors, this home features lavish details such as 24k gold trim, Venetian plaster, and custom paneling, evoking the elegance of a Parisian palace. Upon entry, the grand foyer leads into a breathtaking great room with soaring ceilings, inlaid floors, and a stunning Plaza turret offering views of Central Park and Fifth Avenue. See full details here.

The Plaza has 22 public availabilities from $1,295,000.

#3 (tie). 111 West 57th Street, #44
Last Ask: $23,000,000

Midtown West | Condominium | 4 Bedrooms, Unknown Baths | 4,492 ft²

111 West 57th Street, #44 (Sothebys International Realty)

From the Listing: Designed by the award-winning Studio Sofield, this 4,492-square-foot residence offers an elevated level of luxury living in the FIRST full-floor, 4-bedroom Tower Residence. The formal entry gallery is finished with white macauba stone floors and offers a dramatic north to south view which opens into the sumptuous Great Room. This incredible space is highlighted by 14-foot ceilings and floor-to-ceiling windows which showcase unrivaled, perfectly centered views over Central Park. See full details here.

111 West 57th Street has 6 public availabilities from $12,500,000.

#2. 108 Leonard, #PHN
Last Ask: $24,450,000

Tribeca | Condominium | 5 Bedrooms, 5 Baths | 6,252 ft²

108 Leonard, #PHN (Douglas Elliman Real Estate)

From the Listing: Terrace Penthouse North, known as The Crown Penthouse, is a one-of-kind residence set within The Crown Collection at 108 Leonard. This 6,252 square foot "Townhouse in the Sky" is a 5-bedroom, 5-bath, 2 powder room triplex residence with an additional 2,173 square feet of combined outdoor space and features impressive size, volume, and character. Upon arrival on the 14th floor, a gracious foyer leads to a ballroom-sized great room on the northeast corner of the building surrounded by massive arched windows and open views to the north and of the iconic bridges to the east. Grandeur and volume of approximately 16' is complemented by deep crown moldings, chevron wood floors, and a stunning marble fireplace. See full details here.

108 Leonard Street has 9 public availabilities from $2,390,000.

#1. 111 West 57th Street, #PH72
Last Ask: $56,000,000

Midtown West | Condominium | 4 Bedrooms, 5.5 Baths | 7,256 ft²

111 West 57th Street, #PH72 (Sothebys International Realty)

From the Listing: Designed by the award-winning Studio Sofield, recognized for their impeccable quality of craftsmanship, this opulent residence in the sky, features 4 bedrooms, 5.5 bathrooms with interior design and furnishings by the acclaimed Banda of London. A magnificent private full-floor, open-air, loggia is located directly below the duplex lower level, offering a unique opportunity for a private fresh-air retreat highlighted by spectacular 360-degree views directly centered over Central Park to the north and full cityscape past the Statue of Liberty to the south. A direct elevator Entry Gallery, finished with white macauba stone, provides a grand entrance into the Great Room which offers 14-foot ceilings and floor-to-ceiling windows, showcasing breathtaking views of Central Park. See full details here.

111 West 57th Street has 6 public availabilities from $12,500,000.

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In this article:

NYC's priciest contracts: March 24-30, 2025

Select which properties are of interest to you:

#10. 200 East 83rd Street, #34A
Last Ask: $12,950,000

200 East 83rd Street has one public availability asking $6,350,000.

#9. The Four Seasons Private Residences, #71A
Last Ask: $13,450,000

The Four Seasons Private Residences has 9 public availabilities from $2,675,000.

#8. 765 Park Avenue, #7B
Last Ask: $13,750,000 (-7.7%)

765 Park Avenue has 3 public availabilities from $7,200,000.

#7. 101 Warren Street, #3210/3240
Last Ask: $13,995,000 (-22%)

101 Warren Street has 7 public availabilities from $2,100,000.

#6. 16 East 94th Street, #TH
Last Ask: $14,500,000 (-7.9%)

#5. 443 Greenwich Street, #5C
Last Ask: $16,500,000

443 Greenwich Street has no public availabilities.

#4. 50 West 66th Street, #40S
Last Ask: $22,250,000

50 West 66th Street has 11 public availabilities from $5,995,000.

#3 (tie). The Plaza, #1007/1009
Last Ask: $23,000,000 (-8%)

The Plaza has 22 public availabilities from $1,295,000.

#3 (tie). 111 West 57th Street, #44
Last Ask: $23,000,000

111 West 57th Street has 6 public availabilities from $12,500,000.

#2. 108 Leonard, #PHN
Last Ask: $24,450,000

108 Leonard Street has 9 public availabilities from $2,390,000.

#1. 111 West 57th Street, #PH72
Last Ask: $56,000,000

111 West 57th Street has 6 public availabilities from $12,500,000.

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