New York City, with its heady mix of commerce and culture, is known the world over as the apex of elite urban living.
But the cost of living in this most glamorous of cities does not come cheap.
In 2021, the city surpassed San Francisco as the most expensive rental market in the U.S., with a one-bedroom apartment costing $2,810 on (median) average.
The richest one percent pf residents live in some of the most opulent penthouses imaginable, with many curated by the world's best architects.
Cathy Taub of Sotheby's International Realty suggests New York's property market shows no signs of slowing.
She told Newsweek: "High and ultra-high net worth buyers have seen their portfolios mushroom over the past several years and are now excited to buy New York City luxury real estate at what they perceive as extremely opportunistic prices."
Read on to discover the most expensive apartments in New York City.
26. 8 East 63rd Street, 10065
This "extraordinary" 25ft-wide townhouse is spread over five stories and 10,000 square feet, with nine bedrooms and three terraces.
The Sotheby's listing states: "Superbly located, this prime townhouse, which has an architecturally significant brick façade with limestone trim and a beautiful three-story rounded bay, is sited on a lovely tree-lined street between Fifth Avenue and Madison Avenue."
25. 9 East 68th Street, 10022
Built 39ft wide by 93ft deep, this grand 10-bed property, built in 1906, is considered one of New York's great houses.
Sotheby realtors call it "an extraordinary mega-mansion" that boasts an original drawing room, library and dining room spanning the full width of the house.
24. 10 East 76th Street, 10021
This New York City mansion is described as "extremely light [with] exceptional ceiling height [and] phenomenal rooftop views!"
Built in 1904, the property's interior covers 12,380 square feet, with a further 2,500 of square foot of outdoor space and majestic 13ft-high ceilings.
23. 927 Fifth Avenue, 9th Floor, 10021
This opulent six-bedroom apartment is located on one of the most coveted pre-war buildings on New York's famed Fifth Avenue.
Sotheby's listing states: "[Celebrity jeweler] Harry Winston entertained up to 100 guests at legendary parties in the apartment, taking full advantage of the magnificent spaciousness emanating from grand rooms with soaring ceilings, an enormous amount of wall space, exquisite moldings, four fireplaces, huge oversized windows with extraordinary views of Central Park."
22. 515 Park Avenue, 15/16, 10022
This stunning seven-bedroom property is described by Sotheby's as a "mansion in the sky."
The apartment's spectacular terraces overlook New York's bustling Park Avenue and the "mint-condition duplex" is served by a private elevator.
21. 990 Fifth Avenue, New York
This sumptuous six-bed property was created by Rosario Candela, who in the beginning of the 1920s was responsible for many of New York's most sought-after spaces.
This stunning 14 room Penthouse Triplex, which includes a generous outdoor terrace, has been renovated to blend contemporary style with Candela's retained architecture.
20. 995 Fifth Avenue, New York
Perched just off Fifth Avenue is this renovated residence sprawling across 8,360 square feet and occupying the entire 15th floor of one of Manhattan's finest full-service pre-war condop buildings.
This 7-bed apartment boasts almost unparalleled views of Central Park and the Manhattan skyline, while 47 oversized windows span all four exposures.
19. 795 Fifth Avenue, New York
This extraordinary three-bedroom apartment comprises a full floor and boasts marvelous city and Central Park views in every direction.
The sun-filled property is described by realtors Brown Harris Stevens as the "ultimate high floor trophy apartment and the dream residence for an owner who enjoys opulent entertaining and requires gracious living space."
18. 56 Leonard Street, New York, 10013
This five-bedroom property is described by Sotheby's as a "rare opportunity to own a spectacular, one-of-a-kind, full-floor Penthouse in the heart of Tribeca."
Penthouse 58 is 5,489 square foot of glass-wrapped home, complete with generous 14ft ceilings, two terraces and unobstructed, panoramic views from river to river.
17. 1016 Fifth Avenue, 2ABC, 10028
The stately pre-war building at the corner of Fifth Avenue and 83rd Street is widely considered one of New York's most prestigious.
The current owners of this distinctive 8,000-square-foot simplex— one of whom is an esteemed architect—have created a stunning and spacious modern home that the listing states has "honored the building's history, style, and essence."
16. 200 Amsterdam Avenue, New York
Occupying the entire 49th & 50th floors of 200 Amsterdam, this sprawling four-bedroom duplex offers rooms with each offering dazzling views of New York.
Owners of this spacious property in Manhattan's vibrant Upper West Side will also have access to a live-in resident manager, 24-hour concierge, doormen, handymen and porters.
15. 820 Fifth Avenue, New York
Described by realtors Brown Harris Stevens as "exceptionally grand and architecturally important", this 18-room home is being offered for sale for the first time in more than 60 years.
The sumptuous 6-bed apartment occupies an entire private floor in one of Fifth Avenue's most sought-after limestone-clad cooperatives, on the northeast corner of New York's East 63rd Street and Fifth Avenue.
14. 993 Fifth Avenue, New York
The Penthouse at 993 Fifth Avenue is considered by realtors Brown Harris Stevens to be one of the most significant penthouses to be available in more than 30 years.
The 4-bed property is listed as a "stunning example of the grand scale, elegant proportions, and admirable floorplans that made Emery Roth one of the pre-eminent architects of the pre-war era."
13. 25 Columbus Circle, 75CE, 10019
This stunning 5-bed penthouse is perched vertiginously over Central Park on the 75th floor of the Time Warner Center at 25 Columbus Circle.
Boasting 180-degree views from floor to ceiling windows and ceiling heights up to 14ft, Sotheby's describes the apartment as offering "jetliner views of the entire city."
12. 555 West End Avenue, New York, 10024
Sotheby's describes this lavish 6-bed penthouse as "unlike any other apartment in New York City."
Combining 3,145 square ft of breathtaking outdoor space and more than 8,429 square ft on two full floors of interiors, owners can expect to live in a space flooded by natural light from every direction.
11. 1 Sutton Place South, New York, 10022
Perched at the pinnacle of Manhattan's iconic 1 Sutton Place South, this unparalleled penthouse is a contemporary tour de force personifying New York at its most superlative.
The interior's modern style houses five spacious bedrooms, while expansive windows throughout allow views of the sun rising over the East River and stunning sunsets over Manhattan.
=9. Ritz Carlton Penthouse, 50 Central Park South
This three-bedroom condominium resides on two stories of New York's luxurious Ritz-Carlton hotel.
The penthouse's generous terraces provide breathtaking views of Central Park, while the lucky owners have access to "every 24/7 Ritz amenity and service."
=9. 854 Fifth Avenue, New York
This exquisite New York townhouse is described in its JamesEdition listing as a "one of a kind landmarked historic mansion."
Featuring 20,000 square foot of exceptional space over nine floors, this Beaux Art building was designed by the same architects as the Grand Central Station.
8. 991 Fifth Avenue, Upper East Side, New York
This townhouse located directly on Fifth Avenue is described in its listing as an opportunity to acquire "the Holy Grail" of properties because "such a limited number remain."
An added incentive for those potentially interested in purchasing this elegant property is its unusual east/west orientation that dramatically increases the available interior light.
7. 165 Charles Street, West Village, New York
This "extraordinary" six-bed triplex situated high above 165 Charles Street is being offered for sale for the first time since its completion in 2005.
The Brown Harris Steven listing states: "This home was painstakingly created from scratch by combining four apartments in this award-winning building."
6. 781 Fifth Avenue, Upper East Side, New York
This Upper East Side property is described in its listing as "one of the most important apartments ever created in New York City."
This seven-bedroom "palatial residence" boasts views of Central Park from five public rooms, a stunning Solaris and an entrance with a "sparkling mosaic floor."
5. 795 Fifth Avenue, Upper East Side, New York
This sumptuous seven-bed duplex is found perched at the apex of Fifth Avenue's prestigious Pierre Hotel.
Among the highlights on offer in this property, described as an "elegant trophy residence is absolute perfection", are its extraordinary 360-degree views of Central Park and the Manhattan skyline.
4. 2 Park Place, Pinnacle Penthouse, 10007
Described by Sotheby's as "New York's pre-eminent residential offering", the Pinnacle Penthouse is a five-story home encompassing 9,680 square feet plus a private 408 square foot observatory terrace.
Among the home's many extraordinary statistics include the fact it boasts 125 windows, 24ft ceilings and an in-residence private elevator.
3. 973 Fifth Avenue, New York, 10075
This opulent nine-bedroom residence is described in its listing as "one of the most notable residences remaining in private hands today."
The realtors add that the property "is built by the most sought-after architect in American history, on the finest block of Fifth Avenue."
2. Residence 127, West 57th Street, New York, 10019
Standing more than 1,300ft in the sky, the 8-bed Residence 127 is the highest duplex in New York's prestigious Central Park Tower.
The listing on JamesEdition states: "This trophy home spans 11,535 square feet and has breathtaking sweeping views encompassing Central Park, the Hudson River, the skyline and all points south, east, north and west."
1. Penthouse at 432 Park
Tlistingat realtor Serhant states: "The true Penthouse of 432 Park Avenue – floor 96 of 96 – at the world's most celebrated ultra-luxury tower."
Among the many highlights of the most expensive listing in Manhattan, include a 93ft-long living room, 360-degree views of New York City and "exclusive lifestyle amenities."
These range from a private restaurant and lounge, a 75ft indoor pool, a state-of-the-art fitness center, a yoga studio, sauna, steam, and massage rooms.
Update: 09/19/21, 3:19 a.m. ET: This article was updated to include the Penthouse at 432 Park.
In the most expensive area, Manhattan's Hudson Yards, the median sale price rose about 6 percent year-over-year, to $5.729 million; but in TriBeCa, the next most expensive, it fell 6 percent, to $3.5 million.What is the most expensive housing in New York City? ›
In the most expensive area, Manhattan's Hudson Yards, the median sale price rose about 6 percent year-over-year, to $5.729 million; but in TriBeCa, the next most expensive, it fell 6 percent, to $3.5 million.What is the most expensive rent area in New York? ›
The Most Expensive Neighborhoods in NYC. Share: The most expensive neighborhoods in NYC in 2023 are Noho, Hudson Yards, Tribeca, Central Park South, and Nolita, and the median sales price in all of these areas is above $3 million dollars. As you probably expect, most rich New Yorkers live in Manhattan.What is the most famous apartment in New York? ›
The venerable Dakota is one of the first luxury apartment buildings in New York and certainly the most famous.What is the richest street in New York? ›
“Fifth Avenue is not just one of New York's most famous luxury boutique destinations. It's also a major bus corridor, which is to say the whole avenue isn't just for tourists,” said Danny Pearlstein, policy and communications director for the Riders Alliance.Where do billionaires live in NYC? ›
Billionaires' Row is the name given to a group of ultra-luxury residential skyscrapers and the area surrounding them around the southern end of Central Park in Manhattan, New York City.What is the richest borough in NYC? ›
With a median income of $72,156, Staten Island is the most well-off borough. The farther south on the island you go, the more that's true.Who owns most expensive apartment in NYC? ›
The listing, which is currently the most expensive in New York City, is held by Million Dollar Listing New York star Ryan Serhant. "The Penthouse truly epitomizes bespoke living and has rightfully earned its moniker as the most spectacular jewel of New York," Serhant says.What is the cheapest borough in NYC? ›
If you don't mind a bit of a commute – including a ferry ride – you might consider adding Staten Island, the cheapest borough in NYC, to your browsing list. The North Shore of Staten Island is made up of multiple neighborhoods but is most notably known for housing West Brighton, New Brighton, St.Where is rent most expensive? ›
While the most expensive rentals are unsurprisingly in New York City, several California cities are not far behind. San Francisco landed second on the costliest-rental list, with San Jose coming in at fourth and Los Angeles and San Diego taking the 6th and 7th spots, respectively.
- #1. USA – Beverly House. Monthly Rent: $600,000. ...
- #2. UK – One Hyde Park Apartment. Monthly Rent: $295,971. ...
- #3. Russia – Village House. ...
- #4. France – Villa Alang Alang. ...
- #5. Principality of Monaco – Villa Sporting. ...
- #6. Italy – Villa Via Lilliano e Meoli. ...
- #7. Brazil – Amazing Villa. ...
- #8. China – Unique House.
The oldest apartment building in New York is the Osborne, also known as the Osborne Apartments or 205 West 57th Street.Where do celebrities live in New York? ›
Share: NYC is a wonderful place to live, so it's no wonder that the city is home to numerous celebrities. From the modern, glamorous, and expensive neighborhoods downtown to the magnificent Upper East Side and Upper West Side homes overlooking Central Park, the rich and famous love the city.Who lives at the top of Central Park Tower? ›
Steven Wynn, 80, who has an estimated net worth of $3.2billion, has put up his stunning two-floor Central Park South home after shelling out $70million to buy it in 2012.Where does old money live in New York? ›
The Upper East Side of Manhattan has long been known for old money in New York City (Rockefellers, Roosevelts, Kennedys, etc.). The real estate has been some of the priciest in the city. The Upper East Side includes Park Ave., Madison Ave., and Fifth Ave.What is a decent salary in NYC? ›
That's $30,294 per year after taxes, which means that to live a reasonably comfortable life in New York City, a single person would need to make a salary of roughly $40,000 per year. This is a comfortable (though far from indulgent) budget.Who owns most of Manhattan? ›
|2||Vornado Realty Trust||29.7M|
|3||SL Green Realty||28.7M|
Where is the richest part of New York? With more wealthy people per square foot than anywhere else in New York City, TriBeCa is full of upscale hotels, historic townhouses, and trendy restaurants. For this reason, billionaires are everywhere in TriBeCa. These are just some classic options to enjoy in the neighborhood.Where do rich people go in Manhattan? ›
Billionaire's Row NYC: Where Is It and How Did It Get That Name? Manhattan is no stranger to wealth. But “Billionaire's Row,” an enclave around 57th Street, has become a symbol of the city's increasingly stupendous riches.What is the poorest part of NYC? ›
THE CITY's analysis also found that, in 2020, Queens became the borough with the smallest share of its population in poverty, at 10.3%, compared to 10.6% in Staten Island and then 16.3% in Manhattan, 17.8% in Brooklyn and 24.4% in The Bronx, which remains the poorest county in New York State.
Despite significant investment compared to the post war period, many exacerbated social problems remain including high rates of violent crime, substance abuse, overcrowding, and substandard housing conditions. The Bronx has the highest rate of poverty in New York City, and the greater South Bronx is the poorest area.What does SoHo stand for? ›
SoHo (an acronym for South of Houston Street) still features galleries, though these days the work within them tends toward the more high-end commercial—matching the luxury boutiques and independent-designer outposts that characterize the area.Who owns the biggest house in NYC? ›
|Designated NYCL||March 19, 1974|
The average sales price for a home in one of these luxury buildings is over 22 million, making them unaffordable to even some of the city's richest residents. Therefore, the enclave tends to attract wealthy business moguls, hedge fund managers, corporate executives, and celebrities.What is the safest borough? ›
A: Of the five boroughs in New York, Staten Island is considered the safest, with a crime index of 47 (meaning it's safer than 47 percent of other cities in the U.S.).What is the cheapest street in NYC? ›
West 107th Street is Manhattan's Most Affordable
It's part of an area previously known as the Bloomingdale District, which has historically housed low-income renters and experienced troubles with crime throughout the decades.
Hudson Yards & TriBeCa remain most expensive NYC neighborhoods at $5.73M and $3.73M, respectively.Which city in US has highest rent? ›
The most expensive rental market in the US remains to be New York. The average monthly rent for a one-bedroom is roughly $3,260. This is about a $500 decrease from 2021, however as demand continues to increase prices are likely to follow.Will nyc rent go down 2023? ›
While there's no consensus on what rents will do exactly in 2023 — go up a little, go down a little, or stay flat, according to three forecasts — what's clear is they are expected to return to more normal growth patterns, instead of the unsustainable, record rates seen in 2021 and 2022.What state in the US has the highest rent? ›
California is the most expensive state to rent, with an average rent of $1,901, outpacing the runner-up, Hawaii, by nearly $200.
Take rent for example. The traditional advice is simple: Spend no more than 30% of your before-tax income on housing costs. That means if you bring in $5,000 per month before taxes, your rent shouldn't exceed $1,500.What is the highest rent I can afford? ›
Spending around 30% of your income on rent is the golden rule when you're trying to figure out how much you can afford to pay. Spending 30% of your income on rent can help you reach a healthy balance between comfort and affordability. On a median income, 30% should get you an apartment you can truly call home.What country has the cheapest rent? ›
ECUADOR (tie) The low cost of living is the number one reason for many expats moving to Ecuador. It can be a tremendous advantage, particularly if you are on a fixed income. Rental prices are half the cost than in the U.S. or Europe, and often include furnishings.Where is Taylor Swift's apartment in NY? ›
The 23 Cornelia Street townhouse is located in the West Village area of Manhattan in New York City. The apartment is located in one of the most desirable and expensive parts of the city, about 15 minutes away from Midtown by subway and just a quarter-mile west of Washington Square Park.Who bought the most expensive apartment in NYC? ›
In 2019, hedge fund manager Ken Griffin bought a penthouse at 220 Central Park South in Billionaires' Row for $238 million — making it the most expensive home ever sold in the US, the Wall Street Journal reported.What is the most expensive house in the world at Central Park Tower? ›
The Penthouse at Central Park Tower, which is the highest residence in the world, is now on the market for $250,000,000.Do any celebrities live in Central Park Tower? ›
The twin-tower residential skyscraper with spectacular views of Central Park is home to many past and present famous folks, such as Tiger Woods, Steven Spielberg, Demi Moore, Steve Jobs, Mary Tyler Moore and Rita Hayworth, to name a few.Who lives at 23 Cornelia Street? ›
Cornelia Street is in Manhattan's Greenwich Village, a relatively quiet street near Washington Square Park, at least it was until Swift moved into number 23 during the summer of 2016.What does Tribeca stand for NYC? ›
TriBeCa: “Triangle Below Canal Street”
The name originated with the small block created by Church, Canal, and Lispenard Streets when the residents called themselves the Triangle Below Canal Street Block Association.
Taylor Swift bought yet another Tribeca pad
The singer purchased the 3,450-square-foot place from financier Jeremy Phillips in an off-market deal. Swift already owns two units on the top floor at 155 Franklin, which she bought for $19.95 million and combined to turn into an 8,000-square-foot penthouse duplex.
Columbia University is the largest owner in New York City by the number of locations and manages over 5000 apartments across 150 residential buildings.What is the most prestigious address in NYC? ›
740 Park Avenue - Wikipedia.