Gary Barnett’s latest eight-figure deal at Central Park Tower was a discount on a discount.
The 116th floor of the Billionaires’ Row supertall closed for $46 million — down $7 million from its last asking price and nearly $20 million from the initial price listed in the developer’s offering plan, according to public records. The unit sold for $6,500 per square foot.
The buyer, shielded by an anonymous limited partnership, signed a contract for the 217 West 57th Street apartment last month. At the time, the developer had sold 72 of the tower’s 180 units for an average of $4,600 per square foot.
The 7,100-square-foot condo has five bedrooms and five bathrooms. It also features a private foyer, eat-in kitchen and 11-foot-tall floor-to-ceiling windows overlooking Central Park.
An in-house team at Barnett’s Extell Development is heading sales alongside a team from Corcoran Sunshine, led by the Corcoran Group’s Kane Manera, Gabriele Tonini, Tim Rizzo and Janet Wang.
A spokesperson for the building did not immediately respond to a request for comment.
The deal joins a long list of other discounts at the building, which has consistently fallen short of its $4 billion projected sellout when it started marketing units off floor plans in 2018. By 2021, condos at the building were on average trading for roughly 25 percent less than the asking prices on the offering plan.
Just last fall, a five-bedroom apartment traded for $43.5 million, a 42 percent discount from its original offering plan price and 26 percent off its last asking price. Unit 39B initially sought $75 million.
Despite the discounts, the supertall still made headlines for eye-popping deals, including the $117 million sale of a duplex last summer. The deal was New York City’s priciest and first nine-figure closing since 2022.
But Barnett has yet to find a buyer for the tower’s crown jewel penthouse, a sprawling 17,500-square-foot penthouse that once asked $250 million. The home, listed by Ryan Serhant and his eponymous firm, was featured on Netflix’s “Owning Manhattan.”
The developer dropped the price of the triplex to $195 million in 2023 and pulled it off the market last summer.
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