The Giorgio Armani Residences (Douglas Elliman)
Manhattan Sales:
- For the week ending December 20, 2024, $544,132,912 worth of transactions across 264 condo, condop, and cooperative deals were recorded
- 120 condo sales came to an aggregate price of $358,429,392
- 12 condop sales came to an aggregate price of $14,745,951
- 132 co-op sales came to an aggregate price of $170,957,569
In this article:
As the quarter and indeed the year start to wind down, Manhattan's luxury residential market shows no sign of slowing down. Not only did the number of sales recorded spike week over week, possibly due to buyers and sellers wishing to close before the end of the year for tax purposes, but several high-priced closings took place at high-profile, uber-luxury developments in the third week of December 2024.
Months after the building sold out, closings have commenced at The Giorgio Armani Residences, the 10-unit condo collection on top of the new Giorgio Armani Madison Avenue flagship store in one of the Upper East Side's most fashionably elite stretches. Residence #8 had the week's top sale at $23,222,063. One floor below, Residence #7 had the third-highest sale at $19,904,625. While both prices came in under ask, it was only by a little.
Like all units in the building, the two full-floor, five-bedroom homes feature interiors by Giorgio Armani (who has announced his intention to live in the building), high ceilings, oversized windows, gracious entrance foyers, chef's kitchens with Gaggenau appliances, and primary suites with spacious dressing rooms and spa-like baths. Amenities in the building include a Zen tea room with service from Armani Ristorante, a library and lounge with custom Armani Casa furniture, a fitness center, and an on-site spa treatment room.
Like all units in the building, the two full-floor, five-bedroom homes feature interiors by Giorgio Armani (who has announced his intention to live in the building), high ceilings, oversized windows, gracious entrance foyers, chef's kitchens with Gaggenau appliances, and primary suites with spacious dressing rooms and spa-like baths. Amenities in the building include a Zen tea room with service from Armani Ristorante, a library and lounge with custom Armani Casa furniture, a fitness center, and an on-site spa treatment room.
One High Line (Evan Joseph)
The Giorgio Armani Residences dethroned One High Line as home of the top sale of the week, a distinction it has held for two weeks in a row in December 2024. However, it was not to be counted out: A total of $73,540,000 across nine sales was recorded in the two-towered, full-block Bjarke Ingels-designed complex in West Chelsea, with Penthouse #25B closing for $22,305,775 in the second-highest sale of the week.
While not as stratospherically priced as other penthouses in the complex, Penthouse #25B was still the highest-priced Downtown sale of the week ending December 20, 2024. It is located near the top of the East Tower, where apartments start on top of Faena New York, the luxury hotel's first New York outpost. When the hotel opens next year, residents will enjoy access to its amenities and services as well as a suite of exclusive wellness and social amenities.
While not as stratospherically priced as other penthouses in the complex, Penthouse #25B was still the highest-priced Downtown sale of the week ending December 20, 2024. It is located near the top of the East Tower, where apartments start on top of Faena New York, the luxury hotel's first New York outpost. When the hotel opens next year, residents will enjoy access to its amenities and services as well as a suite of exclusive wellness and social amenities.
Beyond The Giorgio Armani Residences and One High Line, two apartments closed for $17,500,000 in the fourth-highest sale of the week. Penthouse #9A at 90 Morton Street has been on and off the market since March 2023, when it was listed for $22.5 million. However, the seller still makes a profit on the penthouse, having bought it for $12 million in November 2020. This 3,765-square-foot unit in a converted Hudson Square printing house has four bedrooms, three and a half baths, and two private terraces.
Across town at The Beresford, a landmarked cooperative designed by Emery Roth, Residence #19 also closed for $17.5 million in the top co-op sale of the week. The 4,400-square-foot assemblage comprises Residence #19D, which the sellers bought from Academy Award-nominated actress Glenn Close in 2010, and Residence #20D, which they bought in May 2018. While the closing price comes in $2 million below the $19.5 million ask when it entered contract in June 2024, sellers Mark Fisch and Rachel Davidson still make a profit, having bought the apartments for a combined $16.8 million. The buyer was identified only through an LLC, and it is not known whether they plan to follow through on Peter Pennoyer-designed plans for a combination duplex with multiple private terraces.
The week's top five sales were rounded out by another unit on Central Park West: Residence #32C at 15 Central Park West closed for $16,500,000 in the fifth-highest price of the week. The buyer, Hyundai Motor Group chairman Euisun Chung, is only the second owner of the three-bedroom, three and a half-bath home overlooking Central Park; the seller, identified only through an LLC, bought it from the sponsor for $9,877,025 in January 2008. It has been on and off the sales and rental markets since July 2012, when it was listed for $27.5 million.
Top Sales
15 Central Park West, #32C (Compass)
From the Listing:
Elevate your Manhattan lifestyle with this exceptional pre-war style condominium, ideally perched near the top of the Tower at the iconic 15 Central Park West. Encompassing an impressive 2,761 square feet, this exquisite six-room residence exudes unparalleled luxury and sophistication, offering breathtaking views of Central Park to the east and the Hudson River to the west. This residence stands as one of the most coveted apartments in the Tower, embodying the pinnacle of Manhattan elegance.
Step into grandeur in the expansive living room, boasting 40 linear feet of floor-to-ceiling windows that frame uninterrupted eastern exposures. Enjoy year-round panoramic views of Central Park, stretching from CPW to Fifth Avenue. Adjacent to the living room, a 20-foot formal dining room provides equally spectacular vistas of Central Park, perfect for luxurious entertaining.
Elevate your Manhattan lifestyle with this exceptional pre-war style condominium, ideally perched near the top of the Tower at the iconic 15 Central Park West. Encompassing an impressive 2,761 square feet, this exquisite six-room residence exudes unparalleled luxury and sophistication, offering breathtaking views of Central Park to the east and the Hudson River to the west. This residence stands as one of the most coveted apartments in the Tower, embodying the pinnacle of Manhattan elegance.
Step into grandeur in the expansive living room, boasting 40 linear feet of floor-to-ceiling windows that frame uninterrupted eastern exposures. Enjoy year-round panoramic views of Central Park, stretching from CPW to Fifth Avenue. Adjacent to the living room, a 20-foot formal dining room provides equally spectacular vistas of Central Park, perfect for luxurious entertaining.
3 Available Listings for Sale from $5,850,000
The Beresford, #19 (Sotheby's International Realty)
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From the Listing:
Perched high atop the Beresford on Central Park West, the proposed combination of the 19th Floor and 20th Floor D Line corner apartments present an extraordinary opportunity. The assemblage by the current owner of these two spectacular units allows for the creation of a large high floor aerie with breathtaking 270-degree views above Central Park and the Natural History Museum. Even more extraordinary is the existence of comprehensive architectural drawings meticulously drawn up by Peter Pennoyer to meld these two apartments into a glorious duplex.
Perched high atop the Beresford on Central Park West, the proposed combination of the 19th Floor and 20th Floor D Line corner apartments present an extraordinary opportunity. The assemblage by the current owner of these two spectacular units allows for the creation of a large high floor aerie with breathtaking 270-degree views above Central Park and the Natural History Museum. Even more extraordinary is the existence of comprehensive architectural drawings meticulously drawn up by Peter Pennoyer to meld these two apartments into a glorious duplex.
7 Available Listings for Sale from $2,200,000
90 Morton Street, #PH9A (Modlin Group)
From the Listing:
Impeccably designed and meticulously realized, Penthouse 9A at 90 Morton epitomizes unparalleled luxury in one of downtown’s most sought-after full service boutique buildings. The home has been thoughtfully conceived and masterfully designed by Jessica Schuster of Jessica Schuster Designs who, with the owner, gave the space a completely reimagined plan and aesthetic down to the most intricate of details. Upon entry, one steps directly into the main foyer which brilliantly sets the tone for what is beyond - the spectacular living and entertaining spaces.
Impeccably designed and meticulously realized, Penthouse 9A at 90 Morton epitomizes unparalleled luxury in one of downtown’s most sought-after full service boutique buildings. The home has been thoughtfully conceived and masterfully designed by Jessica Schuster of Jessica Schuster Designs who, with the owner, gave the space a completely reimagined plan and aesthetic down to the most intricate of details. Upon entry, one steps directly into the main foyer which brilliantly sets the tone for what is beyond - the spectacular living and entertaining spaces.
The Giorgio Armani Residences, #7 (Douglas Elliman)
From the Listing:
The Seventh Floor residence is an expansive full-floor five-bedroom, five and half-bath, realm of luxury spanning 4,530 square feet. The elegantly appointed contemporary interiors feature white oak flooring in a custom Parquet de Versailles pattern, soaring 10' ceilings, and 8' tall oversized windows, marrying classic Upper East Side luxury with a sophisticated modern sensibility. A private elevator landing opens to the elegant entry foyer and formal gallery clad in Gascogne Beige honed Limestone floors with Gascogne Blue accents. An unparalleled 30'6 x 19' grand living room is complemented by a study/library that can easily transform into your fifth bedroom and bath.
The Seventh Floor residence is an expansive full-floor five-bedroom, five and half-bath, realm of luxury spanning 4,530 square feet. The elegantly appointed contemporary interiors feature white oak flooring in a custom Parquet de Versailles pattern, soaring 10' ceilings, and 8' tall oversized windows, marrying classic Upper East Side luxury with a sophisticated modern sensibility. A private elevator landing opens to the elegant entry foyer and formal gallery clad in Gascogne Beige honed Limestone floors with Gascogne Blue accents. An unparalleled 30'6 x 19' grand living room is complemented by a study/library that can easily transform into your fifth bedroom and bath.
One High Line (Evan Joseph)
One High Line, #PH25B (Corcoran Group)
From the Listing:
Penthouse E25B at One High Line is a one-of-a-kind 5,591-square-foot four-bedroom and four-and-a-half-bathroom residence curated by Gilles & Boissier. This remarkable home features northern, eastern, and western exposure overlooking the Hudson River, midtown skyline and downtown Manhattan views and beyond. This half-floor penthouse home boasts an oversized corner great room, adjacent to the 609-square-foot loggia, all receiving an abundance of southern light throughout the day. The custom chef’s kitchen, designed by Molteni and complete with elegant Carnico Grigio marble floors, Molteni brushed Epicea wood and white lacquer cabinetry, honed Calacatta Gold marble countertops and backsplash, a robust Gaggenau appliance package and stainless steel fixtures by THG Paris, can be opened into the loggia, creating an atmosphere that is perfect for entertaining.
Penthouse E25B at One High Line is a one-of-a-kind 5,591-square-foot four-bedroom and four-and-a-half-bathroom residence curated by Gilles & Boissier. This remarkable home features northern, eastern, and western exposure overlooking the Hudson River, midtown skyline and downtown Manhattan views and beyond. This half-floor penthouse home boasts an oversized corner great room, adjacent to the 609-square-foot loggia, all receiving an abundance of southern light throughout the day. The custom chef’s kitchen, designed by Molteni and complete with elegant Carnico Grigio marble floors, Molteni brushed Epicea wood and white lacquer cabinetry, honed Calacatta Gold marble countertops and backsplash, a robust Gaggenau appliance package and stainless steel fixtures by THG Paris, can be opened into the loggia, creating an atmosphere that is perfect for entertaining.
The Giorgio Armani Residences, #8 (Douglas Elliman)
From the Listing:
Eighth Floor residence is an expansive full-floor five-bedroom, five and half-bath realm of luxury spanning 4,530 square feet. The elegantly appointed contemporary interiors feature white oak flooring in a custom Parquet de Versailles pattern, soaring 10' ceilings, and 8' tall oversized windows, marrying classic Upper East Side luxury with a sophisticated modern sensibility. This home is flooded with light and has open city views east, south, and north. An unparalleled 30'6 x 19' grand living room features a gas fireplace set in Calacatta Caldia marble and is complemented by a study/library that can easily transform into your fifth bedroom and bath.
Eighth Floor residence is an expansive full-floor five-bedroom, five and half-bath realm of luxury spanning 4,530 square feet. The elegantly appointed contemporary interiors feature white oak flooring in a custom Parquet de Versailles pattern, soaring 10' ceilings, and 8' tall oversized windows, marrying classic Upper East Side luxury with a sophisticated modern sensibility. This home is flooded with light and has open city views east, south, and north. An unparalleled 30'6 x 19' grand living room features a gas fireplace set in Calacatta Caldia marble and is complemented by a study/library that can easily transform into your fifth bedroom and bath.
Would you like to tour any of these properties?
Just complete the info below.
Or call us at (212) 755-5544
Would you like to tour any of these properties?
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