Developers are betting on wealthy buyers’ increasingly deep pockets to fuel the ultra-luxury housing segment
More than amenities, aesthetics or address, what stands out about New York City’s latest luxury condominiums are the numbers: More luxury developments are launching sales this fall in Manhattan than in recent years, and some of the entry prices have climbed to what used to be the very top of the market.
At 44 West 8th Street, a five-residence, ground-up building in Greenwich Village, residences start at $9.75 million. At 262 Fifth Avenue in NoMad, a 52-story tower its developer bills as the tallest all-residential building on Fifth Avenue, units start at $7.5 million. The least expensive units at the Greenwich Spire and 101 Franklin in Tribeca start at $4.5 million and $4 million, respectively. Those are the floors, not the ceilings. And while amenities are generally not as over the top as in recent years, private entries and exits are becoming the norm.
At these five buildings, with sales launching this fall, the least expensive home starts where penthouses used to in recent memory.
175 East 82nd Street, Upper East Side
Among the more unique amenities in this roundup is this building’s parking, which lets residents drive directly into the building and arrive at the grand lobby. A 360-degree rotating turntable positions vehicles for departure or for access to the car elevator.
The exterior of the 39-story tower features a facade crafted from Endicott Desert Ironspot bricks. CetraRuddy—the firm behind celebrity darling 443 Greenwich Street, Walker Tower and plenty of other high-profile projects—developed the custom blend to give the building an artisanal character. CetraRuddy designed each interior, as well, to have storage, a full laundry room, a foyer and gallery-style hallways.
The swimming pool, clad in Turkish stone, has a wall of blue and gold veining at one end.
The building is close to Central Park. Sales will launch on Sept. 22, with a sales gallery inside Colette, the ultra-luxury private members’ club on the 37th floor of the GM Building. Move-ins are anticipated to begin in fall 2027.
Number of Units: 73
Pricing: Approximately $3 million to $40 million
Developer/Architect: Douglaston Development/CetraRuddy
Residences Sizes: One- to six-bedroom units and three duplexes
Amenities: Swimming pool, fitness center, yoga studio, sauna, lounge, outdoor terrace, flexible screening room and children’s playroom
