The Palmolive Building: Q1 2026
The Palmolive does not trade often. That is not a problem. It is the nature of a building where the people who live there tend to stay, and where the people who buy tend to know exactly what they are buying. When it does sell, the numbers are worth looking at carefully.
Q1 gave us five closed sales. Four of them came in below $1.7 million, which is the range where most buyers enter this building. One came in at $5.5 million. That last one is the more interesting figure, and I will get to it.
Q1 2026 Closed Sales
Residence 6B — $750,000 Residence 7G — $1,000,000 Residence 11F — $1,425,000 Residence 13A — $1,662,500 Residence 31A — $5,500,000
The four sales under $1.7 million tell you the entry tier is working. Buyers at that level are engaging, and when a unit is priced and presented well, it is closing. That is a healthy sign.
The $5.5 million close on 31A tells you something different. A buyer at that number has options. They are not settling on the Palmolive because nothing else was available. They chose it. That kind of sale does not happen in a building that has lost its appeal, and it does not happen by accident.
Current Inventory
Of the eight listed units, five are already under contract or contingent. What is actually available right now is 13D at $899,000, 5C at $1,750,000, and the penthouse at $8,400,000.
Three units across a very wide range. That is not a lot of room to move, which tends to favor sellers on the ones that remain.
The units here do not compete with each other the way they would in a newer building. Floor, ceiling height, renovation, and orientation all vary enough that each residence is really its own case. Buyers are not comparing two similar units at similar prices. They are deciding whether a specific home is worth a specific number.
If you want to know where a particular residence fits today, that is a conversation worth having in some detail.
