Of all the recent sales at Central Park Tower, just one was made around the asking price. At the Adrian Smith + Gordon Gill-designed luxury skyscraper, which boasts the highest roof in the Western Hemisphere, The New York Times reports three recent apartment sales well below their listed prices. An apartment listed for $78.1 million sold for $48 million; a similar-sized unit listed for $63 million sold for $40.8 million; and another listed for $14.7 million sold for $12.3 million. 

This trend according to appraiser Jonathan J. Miller of Miller Samuel is present in other Billionaires’ Row residences, noting that resales at other luxury skyscrapers have not held their value. “Prices in general for Billionaires’ Row peaked in 2015-2016, and since then, they have fallen 25 to 50 percent, depending on the building.”

At the nearby RAMSA-designed 220 Central Park South, however, which sits just outside Billionaires' Row, The New York Times reports a $66 million sale, approximately $15.6 million more than what the seller had paid for. This difference in demand, according to Miller, is due to location, claiming that the location of Billionaires’ Row is not “equivalent to directly on the park.”