Park Avenue Penthouse Tops Manhattan Luxury Sales This Week at $25 Million

The most expensive sale in Manhattan last week was a $25 million penthouse that hasn't ever been lived in and comes fully furnished with custom Italian furniture.The triplex condo at 1110 Park Ave., a couple of blocks from Central Park, is in contract, so the final price isn't yet known. The expansive property was listed for $24,950,000 by Sotheby's International Realty in January.According to the Olshan Realty luxury market report for the week ending Oct. 11, 25 luxury contracts (over $4 million) were signed in Manhattan, five fewer than the week before. As is typical, condos outsold co-ops (15 to 6), and one condop (a legal mix of condo and co-op) and three townhomes also went under contract.This has been a busy fall for New York City luxury real estate, according to the report.The 10-year historical average for the first two weeks of October is 47 luxe contracts, and yet 55 have been signed so far this month, proving that the luxury market remains strong in New York City despite the much debated pied-à-terre tax.Loading...A West Village townhouse built in the 1860s is the week's second-highest sale in Manhattan. It was listed for $22.5 million.Evan JosephPark Avenue ultraluxuryI...