In a year marked by selective demand and disciplined pricing, Manhattan’s co‑operative market maintained its prestige at the very top of the luxury residential spectrum. While condominiums and new developments dominated overall transaction volume, co‑ops, prized for their architectural distinction, history, and long-term ownership stability, remained among the city’s most coveted and valuable residences.
In 2025, ultra-high-net-worth buyers focused on rare, well-located co-ops along Fifth Avenue, Park Avenue, and in select downtown neighborhoods. The year’s most expensive co-op sales highlight how location, legacy, and design continue to drive value in Manhattan’s co-op market.
Below are the ten most expensive co-op sales in Manhattan in 2025, followed by the key trends shaping this exclusive segment of the market.
The Co-op Sales That Defined Manhattan Luxury in 2025
1. 825 Fifth Avenue, 15FLR — $34.75 million
The year’s highest-priced co-op underscores the enduring appeal of Fifth Avenue addresses, Central Park views, and classic prewar architecture. Buyers continue to prize location, scale, and legacy over modern amenities.
2. 730 Park Avenue, PH19/20C — $29.95 million
A multi-level Park Avenue penthouse, this sale reflects sustained demand for expansive layouts, high ceilings, and panoramic city vistas.
3. 895 Park Avenue, PH16/17/18A — $21.5 million
This triplex penthouse exemplifies the Upper East Side’s ongoing allure, with space, light, and architectural integrity driving pricing at the very top.
4. 1125 Fifth Avenue, Unit 10 — $20 million
Fifth Avenue continues to dominate high-end co-op sales. This unit’s proximity to Central Park and timeless layout made it a standout for buyers seeking permanence and refinement.
5. 620 Park Avenue, 14 — $19.75 million
620 Park Avenue’s combination of classic proportions, prestige address, and prewar detail exemplifies the factors that sustain top-tier co-op values.
6. 765 Park Avenue, 12B — $19.25 million
A refined Park Avenue residence with direct park views, this sale reinforces the enduring strength of the city’s historic co-op corridor.
7. 1030 Fifth Avenue, 3W — $19 million
With sweeping views over Central Park and generous interiors, this sale highlights the continued premium placed on location and building pedigree.
8. 87 Mercer Street, Penthouse B — $17.9 million
Breaking from the Upper East Side pattern, this downtown penthouse demonstrates that buyers are willing to pay top prices for distinctive loft-style living in prime SoHo.
9. 1030 Fifth Avenue, 8W — $17 million
A second high-end sale at this iconic Fifth Avenue building underscores the ongoing demand for park-facing, historically significant co-ops.
10. 1010 Fifth Avenue, 2ADE — $16.9 million
Rounding out the top ten, this Fifth Avenue co-op confirms that legacy addresses with classic architecture continue to command strong premiums.
What These Sales Reveal About Manhattan’s Co-op Market
Co-ops Remain a Scarcity-Driven Asset Class
Though fewer in number than condominium transactions, co-ops continue to capture some of the city’s highest residential prices, driven by scarcity, building pedigree, and park-adjacent locations.
Park Avenue and Fifth Avenue Dominate at the Top
The majority of the year’s priciest co-ops were located along these iconic corridors, highlighting their enduring cachet and desirability among well-capitalized buyers.
Penthouse and Multi-Level Units Lead
The list is weighted toward penthouse and multi-floor apartments, showing that unique layouts, views, and ceiling heights remain key pricing drivers.
Downtown Co-ops Are Gaining Attention
Though traditional Upper East Side addresses prevail, high-end co-ops in SoHo demonstrate that discerning buyers are willing to pay top-dollar for downtown lifestyle and character.
Buyers Are Equity-Driven and Long-Term Focused
At these price points, buyers prioritize location, provenance, and long-term ownership over market speculation, insulating top-tier co-op values from broader volatility.
The Bigger Picture
Manhattan’s co-op market in 2025 reflects confidence without excess. Buyers are deliberate, informed, and focused on legacy and lifestyle, rather than trends. While total transaction volume may be limited compared to condos, each co-op sale carries outsized significance, both in dollar value and prestige.
At the top end, co-ops remain one of the city’s most exclusive forms of ownership, offering a combination of history, privacy, and permanence that few other residential products can match.
Data sourced from publicly reported transactions and NYC ACRIS records.
