This deluxe apartment in the sky has a sky-high price to match.
And, should a deep-pocketed buyer purchase this newly listed penthouse at 16 Fifth Ave. for its $59.95 million ask, Manhattan’s prime Greenwich Village will see its newest record sale for a condominium home, The Post has learned.
That near-$60 million price, should the triplex property sell for that sum, would easily eclipse the $40 million area condo record set in 2017 for a penthouse sale at the Greenwich Lane — the development converted from the former St. Vincent’s hospital.
The listing arrives at a time when Manhattan’s below-14th Street zone is seeing unprecedented listing and sale prices — levels of which are putting the swath on par with Billionaires’ Row in Midtown. Early this month, a mansion at 105-107 Bank St. entered into contract for $70 million. In late 2025, an unknown buyer inked a $129 million deal to purchase multiple apartments at 80 Clarkson in Tribeca — a downtown record. Meanwhile, at 150 Charles in the West Village, a duplex traded hands for a cool $60 million — an event immortalized in the second season of reality TV broker Ryan Serhant’s “Owning Manhattan.”
In the past two years alone, buyers have purchased more than $1 billion worth of downtown homes priced above $20 million.
“This isn’t a migration, it’s an expansion,” longtime appraiser Jonathan Miller previously told The Post. “The surge in ultra-luxury sales downtown reflects a broader universe of demand rather than a shift away from Midtown. What we’re seeing is the luxury market adding new centers of gravity, with downtown emerging as one of the most compelling.”
But the activity in this sense is clustered in certain downtown pockets, such as the West Village in particular. This penthouse at the Robert A.M. Stern Architects-designed 16 Fifth Ave. would indeed set the record for its price. However, according to data provided from Miller’s StreetMatrix, 2024 saw a $117.4 million sale at Central Park Tower for nearly 12,600 square feet. Of course, Ken Griffin broke a national record for a roughly $238 million multi-unit purchase at 220 Central Park South.
“Downtown luxury markets like Greenwich Village have been magnets for domestic uber-wealthy purchasers over the past decade, versus Midtown which tends to see attract more international demand,” Miller told The Post.
Still, what makes prices surge downtown is an inability to build the sky-scraping towers seen along Billionaires’ Row. Strick landmarking and zoning regulations restrict new supply.
The building at 16 Fifth Ave. is a 21-story addition to the area, with 14 units inside.
This crown jewel, with five bedrooms and 7.5 bathrooms, has 752 square feet of outdoor space. Its 360-degree exposures look out to Washington Square Park nearby, as well as the broader city skyline.
Elsewhere inside the penthouse, there’s a great room with herringbone flooring, a chef’s kitchen designed by Christopher Peacock and a primary suite that spans the full lower level. The top level has a solarium and a terrace with an outdoor kitchen.
“We’ve seen a number of bespoke projects in the ultra-prime, supply-starved historic districts downtown continue to set records,” said Ryan Kaplan of the Corcoran Group, who’s marketing this penthouse alongside his colleague Tara King-Brown. “This is a clear and direct result of scarcity. It’s simply irreplicable product. 16 Fifth Ave. is one of the first buildings developed on lower Fifth Avenue in decades, and likely the last that ever will be, not to mention one of the last projects Robert A.M. Stern was able to personally touch before his passing last year. Its height relative to the surrounding historic district also gives the penthouse the unique added benefit of largely protected panoramic views. The price of the penthouse reflects all these incredibly rare attributes.”
