Nov 5, 2026
Douglaston Development’s 175 East 82nd Street Targets $30M–$40M Penthouse Sales
Douglaston Development is building a 38-story luxury condominium at 175 East 82nd Street with 73 residences and a duplex penthouse expected to sell for $30 million to $40 million, completing in fall.
Image credit: Hayes Davidson
Traded Editorial
- Address: 175 East 82nd Street, Upper East Side, Manhattan, New York.
- Douglaston Development is developing a 38-story luxury condominium with 73 residences, designed by CetraRuddy.
- The building’s 6,000-square-foot duplex penthouse is expected to command $30 million to $40 million.
- Sales launched in September, with completion anticipated in fall 2027; the property will include 3,000 square feet of ground-floor retail.
Douglaston Development Brings Luxury Condos to the Upper East Side
Douglaston Development is advancing 175 East 82nd Street, a 38-story condominium near the corner of East 82nd Street and Third Avenue. The 73-residence project is designed by CetraRuddy, led by founding principals John Cetra and Nancy Ruddy, with layouts and interiors focused on natural light and family-oriented living. Sales launched in September, and construction is expected to wrap in fall 2027. The building will offer residences ranging from one-bedroom apartments to six-bedroom homes, positioning the project in Manhattan’s high-end residential market.
Penthouse Could Reach $40M
The project’s standout residence is a 6,000-square-foot duplex penthouse with views of the George Washington Bridge, East River, and Central Park. Its great room will feature 30-foot ceilings, while the main bathroom will include a terrace and freestanding soaking tub. The penthouse is expected to sell in the $30 million to $40 million range, according to sales representative Josh Young of the Young Development Group at Brown Harris Stevens. A two-bedroom split-layout unit has been reported at $5 million, offering another price point within the development.
Amenities Span Two Floors
Resident amenities will occupy the 24th and 25th floors, including a 40-foot indoor pool, sauna, fitness center, Pilates and yoga studio, resident lounge, outdoor terrace loggia, screening lounge, and children’s playroom. The lobby is planned around a limestone colonnade, sculptural stone reception desk, and chandelier. The building’s handmade brick façade is designed to respond to changing natural light, while private automated parking will be included with penthouse purchases.
Retail Adds Street-Level Space
The development will include 3,000 square feet of ground-floor retail, introducing a commercial component to the residential property. The retail tenant has not been identified in the provided information. The project’s combination of luxury residences, extensive amenities, and retail frontage reflects Douglaston’s strategy of delivering high-end residential product in established Manhattan neighborhoods.
Investor Takeaway
Douglaston Development’s 175 East 82nd Street is targeting the Upper East Side’s luxury buyer pool with a 73-unit condominium, premium amenities, and a penthouse priced as high as $40 million. The project’s 2027 completion timeline and ground-floor retail component make it a notable addition to Manhattan’s high-end residential pipeline.
