155 West 68th Street Condos: Prices Near Lincoln Center

LINCOLN SQUARE, MANHATTAN · NEW SPONSOR SALES

By Stephanie McNeil, Licensed Real Estate Broker and Co-founder, Phases & Spaces Real Estate LLC
NY License #10491213095

Last updated: November 2, 2026

At a Glance

At 155 West 68th Street, a 680-unit tower a block from Lincoln Center, the owner has been selling renovated apartments directly to buyers since 2024. As of November 1, every sponsor studio listed, priced from $655,000 to $835,000, is in contract, along with the two sponsor one-bedrooms under $1 million. The least expensive sponsor one-bedroom still available is $1,330,000. A resale one-bedroom is listed at $940,000 after a $50,000 cut.

Last week we said a new home under $1 million in Manhattan is scarce and moves fast. Here is what that looks like up close.

155 West 68th Street is not a new building. It went up in 1965 and became a condominium in 1984. What is new is the sale: the owner, Ogden CAP Properties, began offering hundreds of its rental units as condos in 2024, with Brown Harris Stevens Development Marketing handling sales. For a buyer, that works much like buying in a new development. You buy from the sponsor, under an offering plan, often in a freshly renovated unit.

What changed at 155 West 68th Street?

The low end sold first. StreetEasy shows 27 homes listed in the building, 18 of them in contract. Every sponsor studio listed is in contract, from a 546-square-foot studio at $655,000 to a 545-square-foot studio at $835,000. Two 669-square-foot sponsor one-bedrooms, at $935,000 and $985,000, are in contract too.

What remains from the sponsor starts at $1,330,000 for an 871-square-foot one-bedroom and runs to $1,500,000 for a one-bedroom with a powder room. The cheapest one-bedroom in the building right now is a resale, 643 square feet at $940,000, down $50,000 from its original ask.

Get a list of new and sponsor condos under your budget.

What does it cost to close?

A sponsor unit and a resale cost differently to close. In a sponsor sale, the offering plan often shifts the seller's transfer taxes to the buyer: 1.425% to the city and 0.4% to the state. On the $1,330,000 sponsor one-bedroom that would be about $24,270, plus New York's 1% mansion tax of about $13,300, because the price is over $1 million.

On the $940,000 resale, the seller normally pays the transfer taxes and the mansion tax does not apply. If the sponsor passes its transfer taxes on, the resale saves roughly $37,500 in taxes at closing, on top of a $390,000 lower price, for about 230 fewer square feet.

What should you ask about an older building?

A renovated apartment in a 1965 tower is not the same as a new building. Ask about the building's capital plans, reserve fund and any assessments. One resale listing from May noted a special assessment of about $257 a month for 12 months to renovate the circular driveway, on top of roughly $568 a month in common charges for a 600-square-foot studio. Those numbers belong in your monthly budget.

Who is negotiating for you?

The sponsor's sales team represents the sponsor. They can walk you through floor plans and renovations, but their job is to sell the sponsor's units on the sponsor's terms. A buyer's agent works for you under a written buyer-representation agreement and can compare a sponsor unit against the resales in the same building.

Many sponsors offer compensation to a buyer's broker. The amount and terms vary and are negotiable, so get them in writing with your agreement. Some sales offices want your agent named at your first visit, so call before you tour.

Buying from a sponsor for the first time? Download the free guide, Buying a New Construction Home.

Is there room to negotiate?

After two years of sales, recent closings at this building have mostly landed near asking, according to StreetEasy, with a few above and a few below. The resale one-bedroom's $50,000 cut shows owners are willing to move. With the sponsor, ask whether it will cover part of the transfer taxes or its own attorney fee on a particular unit. Nothing is promised, but ask before you assume the posted terms are final.

Who is this building a fit for?

It suits a first-time buyer who wants Lincoln Center at the door and the 1 train a block away at 66th Street, and who would rather have a full-service building than a brand-new one. It has a doorman, concierge, live-in super, gym and roof deck. If your ceiling is $1 million, the realistic play here now is a resale, not a sponsor unit.

Frequently asked questions

How much are condos at 155 West 68th Street?

As of November 1, 2026, available sponsor one-bedrooms start at $1,330,000. A resale one-bedroom is listed at $940,000. All listed sponsor studios, priced $655,000 to $835,000, are in contract.

Is 155 West 68th Street new construction?

No. The tower was built in 1965 and became a condominium in 1984. The owner began selling renovated rental units as condos in 2024.

Who is selling the sponsor units?

The owner, Ogden CAP Properties, with sales by Brown Harris Stevens Development Marketing.

Does the mansion tax apply?

Only at $1 million and up. The sponsor one-bedrooms still available are above that line; the $940,000 resale is below it.

My bottom line

The Lincoln Square sponsor units that fit a first-time budget went first, the same pattern we saw at Paragon in Long Island City and at Eastone Plaza in Flushing. If you want this address under $1 million, watch the resales and be ready to move. If you can stretch past $1.3 million, compare the sponsor's one-bedrooms with a resale on closing costs, not just price. Call me at 347-508-8111 and I'll run the numbers on both.

Stephanie McNeil, Licensed Real Estate Broker, NY License #10491213095. Phases & Spaces Real Estate LLC, 6143 186th Street, Suite 504, Fresh Meadows, NY. Prices and availability come from public listings as of November 1, 2026 and can change without notice. This article is general information, not legal, tax or lending advice. Equal Housing Opportunity.