--- title: "NYC New Construction Penthouses for Sale" description: "112 new construction penthouses for sale across Manhattan, Brooklyn and Queens. Median asking $4.6M. Up to $85M. Buyer Commission Share at closing." url: "https://realestaterebatesnewyork.com/new-developments/newyorkcity/penthouses-for-sale" source: "Real Estate Rebate Team" --- Real Estate Rebate Team Licensed Broker NY & NJ · License: 10491211335 NEW YORK CITY · NEW DEVELOPMENT PENTHOUSES # NYC New Construction Penthouses for Sale **112 new construction penthouses** are for sale across **Manhattan, Brooklyn and Queens**, in **87 developments**, at a median asking price of **$4.6M** and $2,260 per square foot. The highest asking price here is **$85M**. A penthouse on this page is a residence the listing broker designated PH in the RLS feed, inside a building selling as new construction or through its sponsor. These are the purchases where the costs a sponsor shifts onto the buyer are largest in absolute terms, and where negotiating them is worth the most. ## Showing 112 new construction penthouses for sale in New York City · Inventory updated 12 November 2026 SORT: NEWEST ### Buyer Advantage Est. ### Buyer Advantage Est. ### Buyer Advantage Est. ### Buyer Advantage Est. ### Buyer Advantage Est. ### Buyer Advantage Est. ### Buyer Advantage Est. ### Buyer Advantage Est. ### Buyer Advantage Est. ### Buyer Advantage Est. ### Buyer Advantage Est. ### Buyer Advantage Est. ### Buyer Advantage Est. ### Buyer Advantage Est. ### Buyer Advantage Est. ### Buyer Advantage Est. ### Buyer Advantage Est. ### Buyer Advantage Est. ## What New York City new construction penthouses are asking Active listings112 Median asking price$4,595,000 Median price per sq ft$2,260 Median size2,346 sq ft Median condo asking$4,595,000 (109) By bedrooms: Studio 1 · 1 bed 7 · 2 bed 31 · 3 bed 29 · 4+ bed 43 Figures reflect active RLS listings at the time this page was built, after removing duplicate feed records. · Updated 12 November 2026 ## Developments with penthouses available [### SKYLINE 8 4 listings for sale](https://realestaterebatesnewyork.com/buildings/new-york-city/queens/skyline-8)[### The Austin 3 listings for sale](https://realestaterebatesnewyork.com/buildings/new-york-city/queens/the-austin)[### 75 Wall 3 listings for sale](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/75-wall)[L ### Loft 21 2 listings for sale](https://realestaterebatesnewyork.com/buildings/new-york-city/queens/loft-21)[### 831 KNICKERBOCKER Avenue 2 listings for sale](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/831-knickerbocker-avenue)[### 720 West End 2 listings for sale](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/720-west-end)[### The Sixth 2 listings for sale](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/the-sixth)[### 111 West 57th Street 2 listings for sale](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/111-west-57th-street) ## What the Buyer Commission Share looks like here On a purchase at the median asking price of **$4,595,000**, an eligible buyer represented by us would receive an estimated **$68,925** Buyer Commission Share at closing, assuming a 3% buyer-broker commission. Actual amounts depend on the listing-side compensation and your buyer agreement. [How the Buyer Commission Share works →](https://realestaterebatesnewyork.com/buyer-advantage) ## What a sponsor sale adds at closing On a resale you pay your own closing costs. On a sponsor sale the offering plan customarily moves the seller’s transfer taxes and the sponsor’s attorney fee onto you as well. Those terms are negotiable, and on a unit that has been sitting they are often the part of the deal a sponsor will move on before the asking price. Median asking price here$4,595,000 Sponsor's New York State transfer tax$29,868 Sponsor's New York City transfer tax$65,479 Added at closing, before the attorney fee$95,346 Buyer Commission Share, illustrative$68,925 On the median asking price here, the Buyer Commission Share of $68,925 offsets most of the $95,346 of sponsor-side transfer taxes. The attorney fee sits on top of both. Transfer taxes at the published rates: 0.4% New York State, 0.65% at $3M and above, plus 1.425% New York City above $500,000. The sponsor’s attorney fee varies by deal and is not included. The Buyer Commission Share is illustrative, on a 3% buyer-broker commission; the commission on any given purchase is whatever the sponsor offers. [How new development closing costs work](https://realestaterebatesnewyork.com/new-development-closing-costs-nyc) · [Price a specific purchase](https://realestaterebatesnewyork.com/calculators/new-development-closing-cost-calculator) ## What a new construction penthouse costs beyond the price Two bills sit on top of the purchase price at this end of the market, and they differ in kind. The mansion tax is New York State law and is not negotiable: it starts at 1 percent once the price reaches $1 million and steps up to 3.9 percent above $25 million, charged on the whole price rather than the slice above each threshold, so crossing a band by a dollar costs the entire step. The transfer taxes are a contract term and usually are negotiable. Most offering plans move the New York State charge of $2 per $500 and the New York City charge of 1.425 percent above $500,000, with a further $1.25 per $500 above $3 million, onto the buyer, and what the buyer pays on the sponsor's behalf is itself treated as consideration and taxed again. Add the sponsor's attorney fee and a working capital contribution set as a multiple of common charges, which on a full-floor residence is not a small number. At a top-floor price the difference between accepting those terms and negotiating them is measured in six figures. BUYER FAQ ## Common questions about new construction penthouses ### How much is a new construction penthouse in NYC? + The median asking price across the 112 listed here is $4.6M, or about $2,260 per square foot, on a median 2,346 sq ft. The highest asking price on this page right now is $85M. That spread is wider than any other category in the city, because one designation covers a top-floor apartment with a terrace in Long Island City and a full-floor residence with setbacks on four sides on West 57th Street. The median is the more useful of the two numbers. ### Where are most of New York's new construction penthouses? + Manhattan holds the clear majority, concentrated where the recent towers are: the West 57th Street corridor, Hudson Yards, Tribeca and the Financial District. Brooklyn's are mostly Williamsburg, Downtown Brooklyn and the waterfront, and they ask materially less per square foot for comparable outdoor space. Queens is small and almost entirely Long Island City. The borough list below carries live counts, so it moves with the market. ### What is the mansion tax on a penthouse at this price? + It starts at 1 percent of the price at $1 million and rises in steps to 3.9 percent above $25 million. It is charged on the whole price rather than on the slice above each threshold, so a purchase a dollar over a band pays the full higher rate on everything. Almost every residence on this page clears several thresholds, which makes the exact price a negotiating point rather than a detail. The mansion tax calculator prices a specific purchase against the bands. ### Do sponsor penthouses cost more to close than a resale? + Usually, and at this price the gap is not small. Most offering plans move the New York State and New York City transfer taxes onto the buyer along with the sponsor's attorney fee, none of which a resale buyer pays. What the buyer pays on the sponsor's behalf is treated as consideration and taxed again, so the total runs above what the headline rates applied to the price suggest. Every one of those items is a term in a contract, and on a residence that has been on the market a while they are usually the first thing a sponsor will concede. ### Why is a penthouse more expensive to run each month? + The terrace, almost always. Outdoor space, the roof membrane beneath it, the setbacks and the mechanical plant frequently parked on the penthouse level all sit inside the building's common charges, and a penthouse carries a larger share of them. In a new building those charges come from a projected first-year budget in the offering plan, and projections run optimistic in a way the second year corrects. Ask what the sponsor projected and what comparable buildings actually charge, and treat the difference as the increase to expect. ### Do I need to register my broker before visiting a sales office? + Yes, and it cannot be fixed afterwards. On a new development the sponsor pays the buyer's broker, and sponsors will generally not recognise a broker introduced after the buyer's first visit. Walk in alone and the agent there represents the sponsor, no one represents you, and there is no buyer-side commission for anyone to share with you. Register before you tour or contact the sales office and nothing about your offer changes, except that you have your own representation and an eligible purchase earns the Buyer Commission Share. ### Is there a Buyer Commission Share on a new construction penthouse? + On a purchase at the $4.6M median here it works out to an estimated $68,925, credited to you at closing. Sponsors pay buyer-broker compensation on almost every new development, which is why the share is largest on exactly these purchases. Where we are compensated, we share up to 50% of what we actually receive with you as Savings at Closing. It is not a discount on the asking price and it does not come out of your deposit. What it requires is a signed buyer agreement and that we are the broker who introduces you to the building. ## Explore new construction penthouses by borough and neighborhood ### New construction penthouses by borough - [Manhattan new construction penthouses](https://realestaterebatesnewyork.com/new-developments/newyorkcity/manhattan/penthouses-for-sale) - [Brooklyn new construction penthouses](https://realestaterebatesnewyork.com/new-developments/newyorkcity/brooklyn/penthouses-for-sale) - [Queens new construction penthouses](https://realestaterebatesnewyork.com/new-developments/newyorkcity/queens/penthouses-for-sale) ### New construction penthouses by neighborhood - [Upper West Side new construction penthouses](https://realestaterebatesnewyork.com/new-developments/newyorkcity/manhattan/upper-west-side-manhattan/penthouses-for-sale) - [Midtown East new construction penthouses](https://realestaterebatesnewyork.com/new-developments/newyorkcity/manhattan/east-midtown-manhattan/penthouses-for-sale) - [Financial District new construction penthouses](https://realestaterebatesnewyork.com/new-developments/newyorkcity/manhattan/financial-district-manhattan/penthouses-for-sale) - [Long Island City new construction penthouses](https://realestaterebatesnewyork.com/new-developments/newyorkcity/queens/long-island-city-queens/penthouses-for-sale) - [Williamsburg new construction penthouses](https://realestaterebatesnewyork.com/new-developments/newyorkcity/brooklyn/williamsburg-brooklyn/penthouses-for-sale) - [Midtown new construction penthouses](https://realestaterebatesnewyork.com/new-developments/newyorkcity/manhattan/midtown-manhattan/penthouses-for-sale) Show moreShow less- [Chelsea new construction penthouses](https://realestaterebatesnewyork.com/new-developments/newyorkcity/manhattan/chelsea-manhattan/penthouses-for-sale) - [Hell's Kitchen new construction penthouses](https://realestaterebatesnewyork.com/new-developments/newyorkcity/manhattan/hell-s-kitchen-manhattan/penthouses-for-sale) - [Bushwick new construction penthouses](https://realestaterebatesnewyork.com/new-developments/newyorkcity/brooklyn/bushwick-brooklyn/penthouses-for-sale) - [Upper East Side new construction penthouses](https://realestaterebatesnewyork.com/new-developments/newyorkcity/manhattan/upper-east-side-manhattan/penthouses-for-sale) ### Other ways to buy new construction in New York City - [Condos in New York City](https://realestaterebatesnewyork.com/new-developments/newyorkcity/condos-for-sale) - [Co-ops in New York City](https://realestaterebatesnewyork.com/new-developments/newyorkcity/co-ops-for-sale) ### Penthouse buyer guides & tools - [NYC penthouses for sale](https://realestaterebatesnewyork.com/nyc-penthouses-for-sale) - [Resale penthouses in NYC](https://realestaterebatesnewyork.com/buy/newyorkcity/penthouses-for-sale) - [Mansion tax calculator](https://realestaterebatesnewyork.com/calculators/nyc-mansion-tax-calculator) - [New development closing costs in NYC](https://realestaterebatesnewyork.com/new-development-closing-costs-nyc) - [How the Buyer Commission Share works](https://realestaterebatesnewyork.com/buyer-advantage) Regis Roumila Licensed Real Estate Broker · NY & NJ NY DOS Licence10491211335 MembershipsREBNY & NAR Member ExperienceOver 25 Years of Local Expertise ## Looking at new construction penthouses across New York? In a sales office the agent works for the sponsor, and if you walk in alone that is the only representation in the room. Bringing your own broker costs you nothing on the buying side, because the sponsor already pays buyer-broker compensation. Where we are compensated, every eligible purchase earns a Buyer Commission Share: up to 50% of what we actually receive, credited to you as Savings at Closing. At penthouse prices that is the largest number you can move without touching the asking price, and the one condition is that you register before your first visit. There are 112 new construction penthouses for sale across Manhattan, Brooklyn and Queens today, at a median asking price of $4.6M. Tell me the boroughs and the budget and I will tell you which buildings have a PH line still unsold, which sponsors are conceding on transfer taxes, and what the Buyer Commission Share works out to on the ones you shortlist. [Schedule a Private Consultation](https://realestaterebatesnewyork.com/contact)[Estimate Your Buyer Advantage](https://realestaterebatesnewyork.com/buyer-advantage) Loading map... Chat with us on WhatsApp NEW YORK CITY PROPERTY TYPE PRICE BEDS FilterNEWEST NEW YORK CITYPRICE BEDS Layout [New · 1 day agoSponsor Residence·Residential·Boerum Hill, Brooklyn ### 93 WYCKOFF Street #PHB, Brooklyn, NY 11201 4 Beds · 3 Baths · 1,904 sqft$3,995,000●ActiveEstimated Buyer Commission Share*$99,875](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11201/93-wyckoff-street-phb-ny-11201)Listing Courtesy of Douglas Elliman Real Estate [New · 1 day agoSponsor Residence·Residential·Midtown, Manhattan ### 140 West 57th Street #PH16A, New York, NY 10019 1 Bed · 1.5 Baths · 747 sqft$1,850,000●ActiveEstimated Buyer Commission Share*$46,250](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10019/140-west-57th-street-ph16a-ny-10019)Listing Courtesy of Corcoran Sunshine Marketing Group [New · 3 days agoSponsor Residence·Residential·Bushwick, Brooklyn ### 1385 DEKALB Avenue #PH, Brooklyn, NY 11221 3 Beds · 2.5 Baths · 2,219 sqft$1,849,999●ActiveEstimated Buyer Commission Share*$46,249](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11221/1385-dekalb-avenue-ph-ny-11221)Listing Courtesy of Serhant [New Development·Residential·Forest Hills, Queens ### 78-29 AUSTIN Street #PH2G, Forest Hills, NY 11375 3 Beds · 2.5 Baths · 1,414 sqft$1,869,000●ActiveEstimated Buyer Commission Share*$46,725](https://realestaterebatesnewyork.com/buy/newyorkcity/queens/11375/78-29-austin-street-ph2g-ny-11375)Listing Courtesy of Douglas Elliman Real Estate [Sponsor Residence·Residential·Astoria, Queens ### 28-08 21st Street #PH-A, Astoria, NY 11102 2 Beds · 2 Baths · 712 sqft$1,050,000●ActiveEstimated Buyer Commission Share*$26,250](https://realestaterebatesnewyork.com/buy/newyorkcity/queens/11102/28-08-21st-street-pha-ny-11102)Listing Courtesy of Nest Seekers LLC [Sponsor Residence·Residential·NoMad, Manhattan ### 30 East 31st Street #PH, New York, NY 10016 3 Beds · 3.5 Baths · 3,354 sqft$5,500,000●ActiveEstimated Buyer Commission Share*$137,500](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10016/30-east-31st-street-ph-ny-10016)Listing Courtesy of Sothebys International Realty [Sponsor Residence·Residential·Midtown East, Manhattan ### 660 LEXINGTON Avenue #PHC, New York, NY 10022 3 Beds · 3.5 Baths · 2,132 sqft$5,995,000●ActiveEstimated Buyer Commission Share*$149,875](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10022/660-lexington-avenue-phc-ny-10022)Listing Courtesy of Douglas Elliman Real Estate [Sponsor Residence·Residential·Cobble Hill, Brooklyn ### 110 Boerum Place #PH402, Brooklyn, NY 11201 5 Beds · 4.5 Baths · 3,981 sqft$13,500,000●ActiveEstimated Buyer Commission Share*$337,500](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11201/110-boerum-place-ph402-ny-11201)Listing Courtesy of AVDOO & PARTNERS DEVELOPMENT MARKETING INC [Sponsor Residence·Residential·Upper West Side, Manhattan ### 200 West 88th Street #PHD, New York, NY 10024 5 Beds · 5.5 Baths · 4,364 sqft$18,995,000●ActiveEstimated Buyer Commission Share*$474,875](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10024/200-west-88th-street-phd-ny-10024)Listing Courtesy of Brown Harris Stevens Residential Sales LLC [Sponsor Residence·Residential·Long Island City, Queens ### 11-37 44th Drive #PH9, Long Island City, NY 11101 1 Bed · 1 Bath · 483 sqft$1,001,000●ActiveEstimated Buyer Commission Share*$25,025](https://realestaterebatesnewyork.com/buy/newyorkcity/queens/11101/11-37-44th-drive-ph9-ny-11101)Listing Courtesy of Corcoran Group [Sponsor Residence·Residential·Prospect Lefferts Gardens, Brooklyn ### 371 Hawthorne Street #PH, Brooklyn, NY 11225 3 Beds · 2.5 Baths · 1,165 sqft$995,000●ActiveEstimated Buyer Commission Share*$24,875](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11225/371-hawthorne-street-ph-ny-11225)Listing Courtesy of REAVIS DEVELOPMENT MARKETING LLC [Sponsor Residence·Residential·Turtle Bay, Manhattan ### 225 East 46th Street #PHC, New York, NY 10017 2 Beds · 2 Baths · 801 sqft$1,449,000●ActiveEstimated Buyer Commission Share*$36,225](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10017/225-east-46th-street-phc-ny-10017)Listing Courtesy of Douglas Elliman Real Estate [Sponsor Residence·Residential·Tribeca, Manhattan ### 81 WHITE Street #PHE, New York, NY 10013 3 Beds · 3 Baths · 3,202 sqft$4,695,000●ActiveEstimated Buyer Commission Share*$117,375](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10013/81-white-street-phe-ny-10013)Listing Courtesy of Brown Harris Stevens Residential Sales LLC [Sponsor Residence·Residential·Hell's Kitchen, Manhattan ### 547 West 47th Street #PH12, New York, NY 10036 2 Beds · 2 Baths · 1,022 sqft$1,950,000●ActiveEstimated Buyer Commission Share*$48,750](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10036/547-west-47th-street-ph12-ny-10036)Listing Courtesy of Corcoran Sunshine Marketing Group [New Development·Residential·West Village, Manhattan ### 421 Hudson Street #PH805, New York, NY 10014 6 Beds · 3.5 Baths · 4,844 sqft$9,999,000●ActiveEstimated Buyer Commission Share*$249,975](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10014/421-hudson-street-ph805-ny-10014)Listing Courtesy of Compass [Sponsor Residence·Residential·Turtle Bay, Manhattan ### 234 East 46th Street #PH2102, New York, NY 10017 1 Bed · 1 Bath · 652 sqft$1,590,000●ActiveEstimated Buyer Commission Share*$39,750](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10017/234-east-46th-street-ph2102-ny-10017)Listing Courtesy of Serhant [Sponsor Residence·Residential·Financial District, Manhattan ### 75 WALL Street #PHL1, New York, NY 10005 2 Beds · 2.5 Baths · 1,601 sqft$1,995,000●ActiveEstimated Buyer Commission Share*$49,875](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10005/75-wall-street-phl1-ny-10005)Listing Courtesy of Platinum Forbes Global Properties [Sponsor Residence·Residential·Financial District, Manhattan ### 75 WALL Street #PHL2, New York, NY 10005 3 Beds · 3.5 Baths · 2,433 sqft$3,250,000●ActiveEstimated Buyer Commission Share*$81,250](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10005/75-wall-street-phl2-ny-10005)Listing Courtesy of Platinum Forbes Global Properties [Sponsor Residence·Residential·Financial District, Manhattan ### 75 WALL Street #PHD2, New York, NY 10005 3 Beds · 3.5 Baths · 2,510 sqft$3,495,000●ActiveEstimated Buyer Commission Share*$87,375](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10005/75-wall-street-phd2-PHD2-ny-10005)Listing Courtesy of Platinum Forbes Global Properties [Sponsor Residence·Residential·Boerum Hill, Brooklyn ### 323 Bergen Street #PH605E, Brooklyn, NY 11217 4 Beds · 3.5 Baths · 2,791 sqft$5,400,000●ActiveEstimated Buyer Commission Share*$135,000](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11217/323-bergen-street-ph605e-ny-11217)Listing Courtesy of Compass [Sponsor Residence·Residential·Park Slope, Brooklyn ### 497 3rd Street #PH, Brooklyn, NY 11215 3 Beds · 3 Baths · 1,890 sqft$2,995,000●ActiveEstimated Buyer Commission Share*$74,875](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11215/497-3rd-street-ph-ny-11215)Listing Courtesy of Compass [Sponsor Residence·Residential·Bushwick, Brooklyn ### 831 Knickerbocker Avenue #PHC, Brooklyn, NY 11207 2 Beds · 2 Baths · 932 sqft$998,000●ActiveEstimated Buyer Commission Share*$24,950](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11207/831-knickerbocker-avenue-phc-ny-11207)Listing Courtesy of Compass [▼Price ReducedSponsor Residence·Residential·Bushwick, Brooklyn ### 831 Knickerbocker Avenue #PHA, Brooklyn, NY 11207 3 Beds · 2 Baths · 893 sqft$875,000●Active-$22,000 (2.5%)Estimated Buyer Commission Share*$21,875](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11207/831-knickerbocker-avenue-pha-ny-11207)Listing Courtesy of Compass [New Development·Residential·Kensington, Brooklyn ### 379 OCEAN Parkway #PHB, Brooklyn, NY 11218 2 Beds · 2 Baths · 1,157 sqft$1,079,000●ActiveEstimated Buyer Commission Share*$26,975](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11218/379-ocean-parkway-phb-ny-11218)Listing Courtesy of Serhant *Estimated Buyer Commission Share: up to 1.5% of the asking price, assuming a 3% buyer-side commission of which Régis Roumila shares up to half. The actual amount is based on the commission received at closing and is paid only when Régis represents the buyer under a signed buyer agreement and the purchase closes. It may be paid at closing, as a closing credit or as a price reduction, in a form acceptable to the buyer's lender. Not available where Régis represents the seller. Buyers should consult their attorney and tax advisor. Buyer savings estimates are illustrative only. Actual amounts vary and are subject to transaction terms, lender approval, applicable law and listing-side compensation. RLS IDX Data display by Real Estate Rebate Team LLC. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications. 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Median asking $4.6M. Up to $85M. 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The highest asking price on this page right now is $85M. That spread is wider than any other category in the city, because one designation covers a top-floor apartment with a terrace in Long Island City and a full-floor residence with setbacks on four sides on West 57th Street. The median is the more useful of the two numbers."}},{"@type":"Question","name":"Where are most of New York's new construction penthouses?","acceptedAnswer":{"@type":"Answer","text":"Manhattan holds the clear majority, concentrated where the recent towers are: the West 57th Street corridor, Hudson Yards, Tribeca and the Financial District. Brooklyn's are mostly Williamsburg, Downtown Brooklyn and the waterfront, and they ask materially less per square foot for comparable outdoor space. Queens is small and almost entirely Long Island City. The borough list below carries live counts, so it moves with the market."}},{"@type":"Question","name":"What is the mansion tax on a penthouse at this price?","acceptedAnswer":{"@type":"Answer","text":"It starts at 1 percent of the price at $1 million and rises in steps to 3.9 percent above $25 million. It is charged on the whole price rather than on the slice above each threshold, so a purchase a dollar over a band pays the full higher rate on everything. Almost every residence on this page clears several thresholds, which makes the exact price a negotiating point rather than a detail. The mansion tax calculator prices a specific purchase against the bands."}},{"@type":"Question","name":"Do sponsor penthouses cost more to close than a resale?","acceptedAnswer":{"@type":"Answer","text":"Usually, and at this price the gap is not small. Most offering plans move the New York State and New York City transfer taxes onto the buyer along with the sponsor's attorney fee, none of which a resale buyer pays. What the buyer pays on the sponsor's behalf is treated as consideration and taxed again, so the total runs above what the headline rates applied to the price suggest. Every one of those items is a term in a contract, and on a residence that has been on the market a while they are usually the first thing a sponsor will concede."}},{"@type":"Question","name":"Why is a penthouse more expensive to run each month?","acceptedAnswer":{"@type":"Answer","text":"The terrace, almost always. Outdoor space, the roof membrane beneath it, the setbacks and the mechanical plant frequently parked on the penthouse level all sit inside the building's common charges, and a penthouse carries a larger share of them. In a new building those charges come from a projected first-year budget in the offering plan, and projections run optimistic in a way the second year corrects. Ask what the sponsor projected and what comparable buildings actually charge, and treat the difference as the increase to expect."}},{"@type":"Question","name":"Do I need to register my broker before visiting a sales office?","acceptedAnswer":{"@type":"Answer","text":"Yes, and it cannot be fixed afterwards. On a new development the sponsor pays the buyer's broker, and sponsors will generally not recognise a broker introduced after the buyer's first visit. Walk in alone and the agent there represents the sponsor, no one represents you, and there is no buyer-side commission for anyone to share with you. Register before you tour or contact the sales office and nothing about your offer changes, except that you have your own representation and an eligible purchase earns the Buyer Commission Share."}},{"@type":"Question","name":"Is there a Buyer Commission Share on a new construction penthouse?","acceptedAnswer":{"@type":"Answer","text":"On a purchase at the $4.6M median here it works out to an estimated $68,925, credited to you at closing. Sponsors pay buyer-broker compensation on almost every new development, which is why the share is largest on exactly these purchases. Where we are compensated, we share up to 50% of what we actually receive with you as Savings at Closing. It is not a discount on the asking price and it does not come out of your deposit. What it requires is a signed buyer agreement and that we are the broker who introduces you to the building."}}]} {"@context":"https://schema.org","@type":"BreadcrumbList","@id":"https://realestaterebatesnewyork.com/new-developments/newyorkcity/penthouses-for-sale#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https://realestaterebatesnewyork.com/"},{"@type":"ListItem","position":2,"name":"New Developments","item":"https://realestaterebatesnewyork.com/new-developments"},{"@type":"ListItem","position":3,"name":"NYC Penthouses","item":"https://realestaterebatesnewyork.com/new-developments/newyorkcity/penthouses-for-sale"}]} ```