Central Park Tower
Address
217 West 57th Street, New York, NY 10019
Price Range
$8,300,000 – $63,500,000
Bedrooms
2-5 BR
Completion
2021
Developer: Extell Development Company179 unitsMidtown West, Manhattan
EB-5 EligibleAny Eligible
The Tallest Residential Building in the World
Central Park Tower, soaring 98 stories above Billionaires' Row, is the tallest residential building in the world at 1,550 feet. Developed by Extell Development Company, this architectural marvel on West 57th Street offers unobstructed panoramic views of Central Park, the Hudson River, and the Manhattan skyline from every residence.
Residences
The tower features 179 luxury condominiums ranging from spacious two-bedroom homes to expansive five-bedroom penthouses. Residences start on the 32nd floor, ensuring every unit sits above the neighboring buildings. Interiors feature floor-to-ceiling windows, ceiling heights up to 14 feet, custom Italian kitchens with Miele appliances, and marble-clad bathrooms with radiant heated floors.
World-Class Amenities
Central Park Club, the building's 50,000-square-foot amenities suite, spans three full floors and includes a 100-foot indoor swimming pool, outdoor terrace with Central Park views, state-of-the-art fitness center, full-service spa, private dining room, cinema, children's playroom, and a residents' lounge. A dedicated team of lifestyle professionals ensures a five-star living experience.
Location
Located on Billionaires' Row in the heart of Midtown Manhattan, Central Park Tower sits steps from Central Park, Carnegie Hall, and the world-renowned shopping of Fifth Avenue. The building is surrounded by Michelin-starred restaurants, iconic cultural institutions, and excellent transportation access via the N, Q, R, W, B, D, F, and M subway lines.
Investment Perspective
Central Park Tower represents the pinnacle of New York City luxury real estate. As the tallest residential tower globally, it offers a rare combination of architectural significance and prime location that appeals to ultra-high-net-worth international investors. Properties at this level have historically demonstrated strong value retention and appreciation in the Manhattan luxury market.
Estimated Monthly Costs
$8,500
Property Tax
$6,200
HOA / Common Charges
$1,200
Insurance
Amenities
Private Residents Club100-ft Indoor PoolOutdoor TerraceCinemaFitness CenterSPAChildren's PlayroomLibraryBilliard RoomConference RoomConciergeParking
Information for International Buyers
Purchasing as a Foreign Buyer
Foreign nationals can purchase property in New York City with no restrictions on ownership. Unlike some countries, the U.S. does not require citizenship or residency to own real estate. Purchases can be made in a personal name, through an LLC, or via a foreign corporation.
Financing is available for foreign buyers, though terms typically require a 30-50% down payment and may carry higher interest rates than for U.S. residents. Several banks in NYC specialize in foreign national mortgages and accept alternative documentation.
Key considerations include FIRPTA withholding tax (15% of sale price held at closing, refundable if no tax is owed), potential estate tax exposure for non-resident aliens (federal exemption of only $60,000), and annual property tax obligations. We recommend working with a CPA and attorney experienced in cross-border real estate transactions.
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