Harry Winston's Fifth Avenue gem finds a buyer; Stunning Central Park Tower aerie leads nearly $470M in Manhattan contracts

By CityRealty Staff | From Future New York Tuesday, August 27, 2024

Late August is typically a quiet time for the Manhattan real estate market; and indeed, the week of August 19-25, 2024 saw an 8% drop in contracts signed from the previous week. But between lower mortgage rates, the possibility of the Federal Reserve cutting interest rates in the near future, and a boost in inventory earlier this year, the number of deals signed August 2024 could very well surpass those of August 2023. Moreover, thanks to a number of high-value contracts signed during the third full business week of August 2024, total sales volume jumped over 30% week-over-week.

Central Park Tower, the tallest residential building in the world, racked up another superlative with the top contract of the week. Residence #39B, a 7,587-square-foot simplex with a nearly 2,000-square-foot private terrace overlooking Central Park, was asking $59,000,000 when it entered contract last Monday. The sale reportedly closed a short time later (h/t The Real Deal), though it has not yet entered public record.

While the top contract by a comfortable margin, the asking price represents 21% a reduction from the $75 million the apartment was listed for when it was marketed off floor plans in 2018. The contract was signed approximately two months after a duplex penthouse several stories up closed in one of the highest-priced sales of 2024 to date.

The week's top townhouse contract and second-highest overall had an asking price of $36,000,000, or slightly below the $38 million price when it was listed last spring. 12 East 79th Street dates back to 1903, when it was designed by Arthur Little for real estate developer Charles Walter Ogden and his sister, Mary F. Ogden.

12 East 79th Street, prewar Upper East Side mansion

12 East 79th Street, #TH (Douglas Elliman)

The School of Practical Philosophy, which counts actor Hugh Jackman among its students, has owned the townhouse since 1975, though it is not clear how much the non-profit paid for it. Some of the bedrooms were turned into classrooms, though original architectural details like elegant ceiling details and intricate moldings may still be found throughout.

Most recently, the School of Practical Philosophy has moved some of its operations to its Hudson Valley location and leased the building to a Montessori school shortly before the pandemic (h/t Mansion Global). The townhouse has reportedly been on and off the market for over a decade, starting at $51 mllion.

Living/dining room with terrace access and city views

The Greenwich Lane, #PH8, top Downtown contract of the week (Corcoran Group)

The top Downtown contract and third-highest overall took place at The Greenwich Lane, the residential conversion of the former St. Vincent's Hospital. Penthouse #8 entered contract with a $32,000,000 asking price almost exactly two months after it was listed and shortly after media executive Michael Ovitz sold his apartment in the development.

Seller Peter Barbey, former owner of The Village Voice, and his wife, Tony Award voter Pamela Barbey, listed the three-bedroom duplex penthouse with 3,148 square feet of private terrace space in June 2024 amidst plans to move closer to family uptown. The buyer was not identified.

Two towers of One High Line development with the Empire State Building in between

One High Line (Evan Joseph)

It was closely trailed by East Penthouse #25A at One High Line, which was asking $28,000,000. This represents the latest high-priced penthouse contract at the two-towered, Bjarke Ingels-designed development in the West Chelsea skyline. Penthouses in the West Tower asking $52 million and $30 million entered contract in June 2023, but neither sale has been recorded yet.

The penthouse is situated near the top of the East Tower and several stories above the forthcoming Faena New York, the luxury hotel's first outpost in the city. When it opens in early 2025, the penthouse's unidentified buyers, like all One High Line residents, will enjoy access to a restaurant by acclaimed chef Francis Mallman, exclusive members' club Faena Rose, and the 17,000-square-foot Tierra Santa Healing House spa. In the meantime, residents-only wellness and social amenities are open throughout One High Line.

The week's top co-op contract and fifth-highest overall was the ninth floor of the Warren & Wetmore-designed 927 Fifth Avenue, which was asking $25,950,000. The apartment was once owned by Harry Winston, jeweler to the stars and former owner of the Hope Diamond. The listing notes that Mr. Winston, who was known to walk around New York with priceless jewels in his pocket, likely appreciated the building's high level of security and privacy.

The apartment was initially listed for $39.5 million in October 2019, and the price slowly but steadily decreased over time. The buyer was not identified, but notable residents of 927 Fifth Avenue have included actor/director Mary Tyler Moore and fashion designer Kenneth Cole. Red-tailed hawk Pale Male was another resident, albeit an unofficial one who built a nest with his mate in the facade of the building.

(Recent Spaces for Extell Development Company)

On the opposite side of Central Park, two contracts totaling $12,600,000 were signed at 50 West 66th Street, the tallest building on the Upper West Side. They included Residence #6E, which had the week's tenth-highest contract with an asking price of $7,100,000.

Both residences are located in the House portion of the building, where apartments are designed to reflect prewar elegance. When the building is complete, residents will have access to amenities like a basketball/pickleball court, an indoor saltwater lap pool and spa, a state-of-the-art fitness center, and a 20th-story sun deck with outdoor pool, fire pit, and lounge area. They will also enjoy close proximity to Central Park, Lincoln Center, and Michelin-starred restaurants in Columbus Circle.

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#10. 50 West 66th Street, #6E
Last Ask: $7,100,000

Central Park West | Condominium | 3 Bedrooms, 3.5 Baths | 2,488 ft²

50 West 66th Street, #6E (Douglas Elliman Real Estate)

From the Listing: 50 West 66th Street, slated to be one of the tallest and most important residential buildings that will transform the Upper West Side and the New York City skyline. Extell's newest tower will have 124 ultra-luxury homes ranging from two bedrooms to full floors. House Residence #6E is a gracious 2,488-square-foot, 3-bedroom, 3.5-bath home. This south-facing apartment can be shown by private appointment. See full details here.

50 West 66th Street has 8 public availabilities from $4,600,000.

#9. 35 Hudson Yards, #8502
Last Ask: $7,925,000

Midtown West | Condominium | 3 Bedrooms, 3.5 Baths | 2,656 ft²

35 Hudson Yards, #8502 (Corcoran Sunshine Marketing Group)

From the Listing: This expertly planned split three-bedroom residence boasts 10'10" ceilings, lavish satin finish wide plank French oak floors, a 206-square-foot terrace, and stunning views of the Hudson River. The windowed eat-in kitchen has been outfitted with luxurious Smallbone of Devizes cabinetry with opal white marble counters and backsplash. Full suite of Gaggenau appliances, inclusive of a wine fridge and coffee maker, truly make this kitchen extraordinary. The primary bedroom boasts a large walk-in closet and a luxurious windowed en suite bathroom. See full details here.

35 Hudson Yards has 10 public availabilities from $5,600,000.

#8. 16 Hudson Street, #PHD
Last Ask: $8,500,000

Tribeca | Cooperative | 3 Bedrooms, 2 Baths

16 Hudson Street, #PHD (Douglas Elliman Real Estate)

From the Listing: Penthouse D at 16 Hudson St is a uniquely special offering nestled in the heart of Tribeca and features approximately 3,000 interior and 3000 exterior square footage of dramatic Tribeca loft living. This beautiful loft complements the family's sensational art collection, and with only one owner, this offering presents a remarkable opportunity. One enters through a gracious foyer into a grand gallery ideal for an art collector. Continue past a home office secreted behind a moving bookcase, a guest room, and a second bedroom. When entering the expansive entertaining space, a striking wood-burning fireplace anchors the space while a large arched window overlooks rooftop gardens and the treasured Duane Park. See full details here.

16 Hudson Street has no public availabilities.

#7. 32 East 22nd Street, #TH
Last Ask: $12,850,000

Flatiron/Union Square | Townhouse | 6+ Bedrooms, 6+ Baths | 8,900 ft²

32 East 22nd Street, #TH (Douglas Elliman Real Estate)

From the Listing: One-of-a-kind opportunity to own an incredible multi-use income-producing townhouse on one of the finest blocks in Flatiron. No detail is overlooked in this prime 26-foot wide meticulously renovated Gramercy/Flatiron residence with elevator. The current Building Configuration includes three residential units (each with private outdoor space) and one commercial unit, as well as a separate basement. See full details here.

#6. 65 Central Park West, #PHNORTH
Last Ask: $16,500,000

Central Park West | Cooperative | 4 Bedrooms, 5 Baths

65 Central Park West, #PHNORTH (Serhant LLC)

From the Listing: Perched gracefully on the 16th and 17th floors of one of Central Park West's prestigious pre-war cooperatives, this penthouse duplex presents an unparalleled level of luxury and refinement. The building, nestled at the corner of 66th Street, offers a timeless backdrop for a residence that commands breathtaking views of Central Park and the iconic Manhattan skyline. Each major room boasts these captivating vistas, with most featuring floor-to-ceiling windows and French doors that open onto a sprawling, meticulously landscaped 78-foot terrace. See full details here.

65 Central Park West has no public availabilities.

#5. 927 Fifth Avenue, #9thFloor
Last Ask: $25,950,000 (-34.3%)

Park/Fifth Ave. to 79th St. | Cooperative | 6+ Bedrooms, 5 Baths | 5,740 ft²

927 Fifth Avenue, #9thFloor (Sothebys International Realty)

From the Listing: Majestic full-floor 14-room apartment with spectacular grand rooms, 6 bedrooms, 5,740 square feet, 55’ frontage on Central Park with enjoyable views of nature and 4 corner rooms with double exposure distinguish this dazzling space centered high above the beautiful Conservatory Pond with views of tiny sailboats in spring and autumn, and glorious fireworks on July 4th and New Year’s Eve allowing for front row entertaining. Upon entry into this spectacular apartment, situated in a coveted Fifth Avenue building with only 12 floors and just one apartment per floor, one is immediately aware of brilliant sunlight, extraordinary views, and an abundance of space. As a pre-war co-op, this apartment has a remarkable open feel, features four exposures, allowing views of Central Park, the West Side skyline, Central Park South skyline and long north views of the park through 27 oversized windows. See full details here.

927 Fifth Avenue has no public availabilities.

#4. One High Line, #EASTPH25A
Last Ask: $28,000,000

Chelsea | Condominium | 4 Bedrooms, 4.5 Baths | 5,422 ft²

One High Line, #EASTPH25A (Corcoran Sunshine Marketing Group)

From the Listing: Penthouse E25A at One High Line is a one-of-a-kind half-floor five-bedroom and five-and-a-half-bathroom residence curated by Gilles & Boissier. This remarkable home features southern, 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 336-square-foot Loggia, all receiving an abundance of southern light throughout the day. See full details here.

One High Line has 34 public availabilities from $2,230,000.

#3. The Greenwich Lane, #PH8
Last Ask: $32,000,000

Greenwich Village | Condominium | 3 Bedrooms, 3.5 Baths | 4,027 ft²

The Greenwich Lane, #PH8 (Corcoran Group)

From the Listing: Experience the pinnacle of luxury and sophistication at this Greenwich Lane penthouse, a masterpiece of design and sophistication nestled in the heart of the iconic Greenwich Village. This stunning 3-4 bedroom, 3.5-bathroom residence spans 4,027 square feet of meticulously curated interior space, with soaring ceilings, complemented by an astonishing 3,148 square feet of private wrap-around terraces offering stunning panoramic views of downtown and midtown Manhattan. Designed by world renowned designer Clodagh, this home exudes elegance at every turn. See full details here.

The Greenwich Lane has no public availabilities.

#2. 12 East 79th Street, #TH
Last Ask: $36,000,000

Park/Fifth Ave. to 79th St. | Townhouse | 6+ Bedrooms, 6+ Baths | 16,000 ft²

12 East 79th Street, #TH (Douglas Elliman Real Estate)

From the Listing: Exquisite and historic 12 East 79th Street is a rare prized property on one of Manhattan's most coveted blocks, graced by the most imposing series of impeccably-preserved townhouses in all of New York City. The extraordinary 28'-wide, 102'-long mansion boasts an incredible 16,000+/- square feet over 6 stories above-grade, plus an English basement and a cellar. Superlative elements abound throughout the interiors, from exquisite woodwork to intricate moldings, elegant ceiling details, impressive fireplaces, and beautiful leaded glass. See full details here.

#1. Central Park Tower, #39B
Last Ask: $59,000,000 (-21.3%)

Midtown West | Condominium | 5 Bedrooms, 5.5 Baths | 7,587 ft²

Central Park Tower, #39B (Douglas Elliman Real Estate)

From the Listing: Soaring above the vibrant tapestry of New York City sits Residence #39B at Central Park Tower, a remarkable 7,587 square foot sanctuary offering unparalleled luxury and breathtaking cityscapes. Entertain in grand style with a magnificent corner living room boasting unparalleled Central Park views, a formal dining room, and a spectacular entertaining area that seamlessly flows onto a nearly 2,000 square foot private terrace, blurring the lines between indoor and outdoor living. Beyond the grand entertaining spaces, find 5 spacious bedrooms, a library/den, 5 full bathrooms, and 2 powder rooms, offering a tranquil retreat in the heart of the city. See full details here.

Central Park Tower has 13 public availabilities from $6,495,000.

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#10. 50 West 66th Street, #6E
Last Ask: $7,100,000

50 West 66th Street has 8 public availabilities from $4,600,000.

#9. 35 Hudson Yards, #8502
Last Ask: $7,925,000

35 Hudson Yards has 10 public availabilities from $5,600,000.

#8. 16 Hudson Street, #PHD
Last Ask: $8,500,000

16 Hudson Street has no public availabilities.

#7. 32 East 22nd Street, #TH
Last Ask: $12,850,000

#6. 65 Central Park West, #PHNORTH
Last Ask: $16,500,000

65 Central Park West has no public availabilities.

#5. 927 Fifth Avenue, #9thFloor
Last Ask: $25,950,000 (-34.3%)

927 Fifth Avenue has no public availabilities.

#4. One High Line, #EASTPH25A
Last Ask: $28,000,000

One High Line has 34 public availabilities from $2,230,000.

#3. The Greenwich Lane, #PH8
Last Ask: $32,000,000

The Greenwich Lane has no public availabilities.

#2. 12 East 79th Street, #TH
Last Ask: $36,000,000

#1. Central Park Tower, #39B
Last Ask: $59,000,000 (-21.3%)

Central Park Tower has 13 public availabilities from $6,495,000.

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