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n 2025, New York’s luxury real‑estate market weathered national economic turbulence and still delivered record sales. Olshan Realty reported that homes priced at $4 million and above in Manhattan generated almost $12 billion, the second‑largest year since the firm began tracking in 2006. A total of 1,436 contracts were signed, up 11 % from 2024, and trophy properties—sales over $10 million—reached 284 deals, the second‑biggest in nearly twenty years, though still shy of the 2021 peak of 400 deals and $16 billion.

    The boom was fueled by Wall Street windfalls and a drop in luxury prices, which together spurred more transactions. The most expensive off‑market sale was a full‑floor condo at 220 Central Park South, a limestone‑façade tower on Billionaires’ Row. Four of the top ten Manhattan sales that year came from West 57th Street, the Midtown luxury corridor, including two new Central Park Tower units and a resale at 111 W. 57th St.

    Two of the year’s top three deals occurred elsewhere. Media mogul Byron Allen’s five‑bedroom condo sold for $82.5 million. The Crown Building, now Aman New York, closed at $66 million, and a duplex at 150 Charles St. sold for $60 million, marking a significant win for downtown luxury. A Gilded‑Age mansion at 973 Fifth Ave. fetched $46 million in May, the only single‑family home on PropertyShark’s 2025 list.

    The off‑market sale at 220 Central Park South was purchased by an LLC linked to the Huizenga family, former owners of the Miami Dolphins and Blockbuster Video. The $66 million Aman deal and the $60 million 150 Charles transaction followed, with the latter being the sole downtown entry in PropertyShark’s roundup.

    Overall, the 2025 luxury market in New York demonstrated resilience, with high‑value sales concentrated on Billionaires’ Row and a few standout downtown and Gilded‑Age properties, underscoring the city’s continued appeal to affluent buyers.