NYC’s most expensive home lists for $110 million

In form of Dow jones industrial average Down and tariff headlines through global markets, a separate number was changing heads in Manhattan: a new listed $ 110 million penthouse, now The most expensive house for sale in New York City,

Listing recorded April 3 during Wall Street’s most turbulent weeks. That day, dow 1,679 points fell, 4% shedAfter the day, it Another 2,231 points were lost. Trade policy uncertainty has been disturbed since investors have been uncomfortable ever.

Sothabi’s International Realty Broker Nikki Field, which represents the Manhattan listing, said the market swings have not landed their target buyers.

“This buyer remains untouched by the instability of the section market,” said the field. “They are not reacting to headlines or ups and downs. They are focusing on curing world-class portfolio, and ultra-prime residential real estate remains a main asset class for them.”

Property under consideration 111 West 57th Saint Penthouse 80 offers a rare bundle above the Landmark Steinway Tower and the Penthouse 82 is being marketed simultaneously as a possible quadplex, stretching four levels of the tower with personal lift access. Combined, they offer 11,480 square feet, five bedrooms, six bathrooms, several lounges, and a 618-class-foot roof, with both rivers on either side of the Central Park’s broad view and Manhattan.

“While the houses are physically different today, the opportunity lies in their architecture,” the field said.

According to Sothabi, neither the unit has been listed in public or marketed individually.

Since launching the quadplex listing earlier this month, Field says the buyer has been strong.

“Many highly qualified persons have already questioned and visited the residence. The real speed is,” he said.

According to the real deal reporting, the field and his team sold in July 111 West 57th Saint, instead of the Korkoran Group and the building launched in 2018 became the third brokerage since.

A Recently Wall Street Journal Report It was found that more luxury buyers are getting out of deals due to instability.

“A lack of a clear strategy on the tariff has created economic uncertainty,” Miller said. “And this is expected to slow down the housing activity.”

As Realtor.com’s 2025 High-end housing market trend and outlook Report, the richest 10% of Americans keep most of their assets in the stock market, about 36.3% in corporate shares and mutual funds. Real Estate made 18.7% of its total money.

Douglas Elimon New York City Luxury Broker Noble Black said, “No one likes uncertainty … It’s the worst for real estate. And right now, no one really knows what ahead is.” “Some customers believe that tariff inflation and ultimately high property values ​​can lead to high property values. Others are using it as a chance to go out of financial markets and in real estate.”

Nevertheless, there are signs of flexibility at high end.

As Olshan luxury market reportWhich tracks manhattan contracts for homes priced at $ 4 million and above, 33 contracts were signed between April 14 and April 20, above 29 such contracts of the previous week.

Donna Olshan said in the report, “This was a surprisingly strong performance for the luxury market,” the report specifically in view of the holiday calendar and the instability of the market.

In Los Angeles, Christie’s International Real Estate’s luxury broker Aaron Kirman said that buyers and sellers are not on the same page.

“Market partition: buyers are cautious, the sellers are still expecting for the prices of 2020-2021,” he said. “The difference is the place where the deals either die or become.”

Nevertheless, some vendors are beginning to adjust, Kirman said.

He said, “We have noticed the price cuts were quietly given to specific buyers or brokers, rather than being advertised,” he said. “It is about preserving perception while being competitive.”

And the buyer, he said, getting more strategic.

“They are active, but conservatives,” Kirman said, in favor of the all-cash offers, clean conditions and prolonged inspection windows. “They are having difficult conversations for price, decoration and closing flexibility.”

Kirman said that the increased caution is also expanding the sale deadline.

“It used to take three to six months that it could now take nine to 12, until it is a turnky estate that checks every box,” Kirman said. “Patience is now more important.”

In South Florida, Luxury Broker Senda Edzem with Douglas Eliman insisted that the high end luxury market is not declining, but shifting.

“This seller is suitable for today’s more intelligent and concerned buyers,” he said.

According to Adzem, buyers are laser-focused at a price in $ 5 million to $ 10 million range, carefully evaluated comparison and whether home saves on lifestyle needs.

“There is definitely more conversation and selectivity in that place,” Adzem said.

But in $ 20 million-plus tier, he said, priorities change.

“At that level buyers are pursuing rareness, trophy properties, irreplaceable waterfronts. When the right opportunity surfaces, value is important, but not paramount,” he said. “In ultra-high and end, it is less about the market time and more about achieving a unique property that fits a long-term vision or inheritance.”