Manhattan Contracts: $520M in deals led by Mets' shortstop's $20M Upper East Side penthouse

By CityRealty Staff | From Future New York Today, December 16, 2024

200 East 75th Street, #PH5 (Compass); Francisco Lindor (D. Benjamin Miller - Own work, CC0, https://commons.wikimedia.org/w/index.php?curid=146468055)

Thanks to a confluence of factors, the Manhattan luxury market has seen a staggering number of high-priced contracts signed in the fourth quarter of 2024. A number of luxury developments in highly coveted neighborhoods launched sales; the markets have been more favorable in recent weeks; and election uncertainty has passed to bring buyers in off the sidelines (h/t Crain's New York Business). Borrowing costs have also stabilized, though that may not be an issue for uber-luxury buyers paying cash. Add in buyers who might have wished to sign contracts and close before the end of 2024 for tax purposes, and nearly 300 Manhattan contracts were signed from December 9-15, 2024, holding steady week over week.

Last week, The Wall Street Journal announced that New York Mets shortstop Francisco Lindor signed a contract to purchase a penthouse at the forthcoming 200 East 75th Street for roughly $20 million. The description of Mr. Lindor's apartment is consistent with that of Penthouse #5, a six-bedroom, 6.5-bath home spanning over 5,000 square feet, offering multiple private terraces, and last asking $22,950,000 in the highest price of the week.

The penthouse contract comes at a time when 200 East 75th Street is nearing 50% sold and when the building's brick cladding is on the rise. Construction is expected to conclude next year.

Fifth Avenue has long been a bastion of luxury real estate, and that was the case last week. The week's top co-op contract was for Maisonette A at the Rosario Candela-designed 834 Fifth Avenue. While the $14,750,000 asking price represents a reduction from the initial $18 million asking price, this was still good enough for the fifth-highest contract of the week. Neither buyer nor seller has been identified, but the prestigious co-op has counted the likes of Laurance Rockefeller, Bruce Wasserstein, Rupert Murdoch, and Jack and Suzy Welch among past residents.

Further downtown, a total of $19,790,000 across four deals was signed at 520 Fifth Avenue. These included the full-floor Penthouse #77, which had the week's ninth-highest contract with a $10,950,000 asking price. The penthouse is reached via direct elevator entry, and the expansive corner Great Room looks out on views of the iconic Manhattan skyline. At the opposite end of the home, an ultra-private primary suite faces Central Park.

56 Leonard Street, Tribeca penthouses, NYC condos

56 Leonard Street, #PH52A, top Downtown contract (Compass)

Meanwhile, Tribeca's status as a luxury destination was further cemented with last week's contracts, when three listings were among the top ten. A total of $22,780,000 across two contracts was signed at skyline standout 56 Leonard Street. These included Penthouse #52A, which was asking $19,995,000 in the top Downtown contract and second-highest overall of the week. The unidentified buyer will only be the second owner of the four-bedroom penthouse with over 500 square feet of private outdoor space. If they pay the asking price, the unidentified seller will make a profit, having bought it from the sponsor for $17,300,624 in March 2018.

A short distance away at 250 West Street, Residence #10A was asking $16,000,000 in the third-highest of the week. The contract was signed a few weeks after energy CEO Michael Smith offloaded $60 million in holdings in the same building. This four-bedroom home is located on the floor below Mr. Smith's assemblage, and neither buyer nor seller was identified.

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#10. Flatiron House, #PHN
Last Ask: $8,950,000 (-17.9%)

Chelsea | Condominium | 5 Bedrooms, 5.5 Baths | 3,633 ft²

Flatiron House, #PHN (Corcoran Sunshine Marketing Group)

From the Listing: Designed by COOKFOX Architects and encompassing two full floors, PHN offers 3,633 interior square feet and 482 square feet of outdoor space. This five-bedroom, five and a half-bathroom duplex home has northern Empire State Building views, excellent light and floor-to-ceiling windows. The elevator opens into a gracious entry gallery leading to the expansive living room with gas burning fireplace and direct terrace access. The dining room is situated between the living room and open windowed kitchen. See full details here.

Flatiron House has 5 public availabilities from $3,950,000.

#9. 520 Fifth Avenue, #PH77
Last Ask: $10,950,000

Midtown West | Condominium | 3 Bedrooms, 3.5 Baths | 2,619 ft²

520 Fifth Avenue, #PH77 (Corcoran Sunshine Marketing Group)

From the Listing: Penthouse 77 at 520 Fifth Avenue is a stunning full-floor residence featuring panoramic views of the entire New York City skyline, including the Empire State Building, from river to river in every direction. Direct elevator entry leads to a grand entry gallery. An expansive corner great room, with southern and eastern exposures showcasing all of lower Manhattan, including the Chrysler Building, and the East River, offers ample space for dining and entertaining. See full details here.

520 Fifth Avenue has 4 public availabilities from $2,560,000.

#8 (tie). 50 East 73rd Street, #TH
Last Ask: $11,995,000

Park/Fifth Ave. to 79th St. | Townhouse | 5 Bedrooms, 5 Baths | 6,000 ft²

50 East 73rd Street, #TH (Compass)

From the Listing: Nestled on the south side of the street, a new buyer will find themselves nestled amongst a stretch of other iconic, landmarked single families on one of the most desired blocks on the Upper East Side. This 5-story house spans across nearly 6,000 square feet and features 5 gracious bedrooms, 5 gas fireplaces, a finished basement with extensive storage space, an elevator and much more. The space is magnified by its impressive ceiling heights, grand rooms and influx of light that comes flooding in throughout the day. See full details here.

#8 (tie). The Parkville, #7FL
Last Ask: $11,995,000

Park/Fifth Ave. to 79th St. | Condominium | 5 Bedrooms, 4.5 Baths | 4,200 ft²

The Parkville, #7FL (Brown Harris Stevens Residential Sales LLC)

From the Listing: Sun flooded, fabulous full floor prewar condominium apartment perched high over Park Avenue. This light filled, beautiful home boasts four exposures, 4 corner rooms and nearly 4,200 square feet! A private elevator landing leads to a grand, 32 foot long living room with fabulous windows including a triple, almost full length window bank facing Park Avenue plus a south-facing corner window. This expansive entertaining space features 10-foot beamed ceilings, multiple seating areas and a gas fireplace. See full details here.

The Parkville has 1 public availability asking $14,490,000.

#6. The Cortland, #18AW
Last Ask: $12,000,000

Chelsea | Condominium | 4 Bedrooms, 5 Baths | 3,004 ft²

The Cortland, #18AW (CORE Group Marketing LLC)

From the Listing: Residence #18AW is 3,004 square feet with four bedrooms and four and a half bathrooms. The expansive, open-plan living and dining areas feature unobstructed views of the Hudson River, a 29-foot corner great room, a windowed eat-in kitchen with a custom Olson Kundig-designed Jackbox, warm wood flooring, and floor-to-ceiling windows. See full details here.

The Cortland has 12 public availabilities from $3,900,000.

#6. 140 Franklin Street, #PHC
Last Ask: $12,980,000

Tribeca | Condominium | 3 Bedrooms, 4.5 Baths | 4,100 ft²

140 Franklin Street, #PHC (Corcoran Group)

From the Listing: Sun-kissed luxury penthouse living awaits in this sprawling three-bedroom, four-and-a-half-bathroom duplex loft featuring exquisite industrial-meets-modern interiors and a massive rooftop terrace atop a full-service boutique condominium in the heart of Tribeca. Interior designer Robert Stilin deployed a thoughtful aesthetic that marries the home's boundless natural light with pale, wide-plank hardwood floors and original architectural details like cast-iron columns, beams and a staircase. Every corner of the duplex is flooded with natural light thanks to over a dozen oversized windows and multiple skylights. See full details here.

140 Franklin Street has no public availabilities.

#5. 834 Fifth Avenue, #MAISA
Last Ask: $14,750,000 (-18.1%)

Park/Fifth Ave. to 79th St. | Cooperative | 3 Bedrooms, 2.5 Baths | 5,000 ft²

834 Fifth Avenue, #MAISA (Corcoran Group)

From the Listing: This exceptional maisonette at 834 Fifth Avenue, a Candela masterpiece in scale and design, offers a once-in-a-generation opportunity to own a 5,000-square-foot duplex with a grand, private entrance on 64th Street in addition to an entrance off the building's elegant lobby. High ceilings, grand proportions, and an elegant flow of rooms make this a perfect apartment for gracious living and entertaining. Private storage and laundry rooms for each apartment. See full details here.

834 Fifth Avenue has no public availabilities.

#4. 307 Hicks Street, #TH
Last Ask: $15,500,000

Brooklyn Heights | Townhouse | 5 Bedrooms, 6+ Baths | 6,200 ft²

307 Hicks Street, #TH (Compass)

From the Listing: This 25′ wide Brooklyn Heights brick townhouse combines modern elegance with historic charm. Currently under construction, the new structure is complete, awaiting your personal touch on the interiors. This is the rare opportunity to work with sought-after townhouse developer ECKSTRØM to choose your finishes without any of the heavy lifting of a multi-year renovation. Fully updated and redesigned in the soft minimalist style ECKSTRØM, in collaboration with FXCollaborative, has created a home that focuses on well-being by reducing the spaces to their most basic, pure forms and utilizing honest, natural materials, of the highest quality. See full details here.

#3. 250 West Street, #10A
Last Ask: $16,000,000

Tribeca | Condominium | 4 Bedrooms, 4.5 Baths | 4,120 ft²

250 West Street, #10A (Brown Harris Stevens Residential Sales LLC)

From the Listing: Introducing a luxurious home with 4 bedrooms plus an office and den, offering 4,120 square feet of meticulously designed living space, where elegance meets abundance. This exquisite residence has recently undergone a lavish, full-scale renovation, with painstaking attention paid to every detail. The corner living room offers breathtaking views of vibrant sunsets over the Hudson River through seven expansive arched windows, set against solid white oak wood floors. The kitchen is a masterpiece. See full details here.

250 West Street has 1 public availability asking $2,150,000.

#2. 56 Leonard Street, #PH52A
Last Ask: $19,995,000

Tribeca | Condominium | 4 Bedrooms, 4.5 Baths | 3,658 ft²

56 Leonard Street, #PH52A (Compass)

From the Listing: This meticulously and recently renovated residence offers a rare opportunity to own a truly exceptional penthouse in the heart of Tribeca. Encompassing 3,658 interior square feet and an additional 501 square feet of exterior space, this four-bedroom, four-and-a-half-bathroom apartment showcases the highest standards of design and craftsmanship, and jaw-dropping views, making it a jewel among the New York City skyline. Step inside this penthouse via 2 secure key-locked elevators and be welcomed by expansive living spaces where attention to detail is paramount. See full details here.

56 Leonard Street has 5 public availabilities from $4,795,000.

#1. 200 East 75th Street, #PH5
Last Ask: $22,950,000

Lenox Hill | Condominium | 6+ Bedrooms, 6+ Baths | 5,300 ft²

200 East 75th Street, #PH5 (Compass)

From the Listing: Penthouse 5 is the largest apartment in the building with the most outdoor space. It is an iconic apartment with three stunning terraces, 11-foot ceilings, dramatic arched windows and a gas fireplace. A gracious entrance gallery opens immediately to a 39-foot-long living room with three full-height arched windows and terraces on either side of the room. The terraces are also accessed by the library to the east and a formal dining room to the west. See full details here.

200 East 75th Street has 7 public availabilities from $3,300,000.

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#10. Flatiron House, #PHN
Last Ask: $8,950,000 (-17.9%)

Flatiron House has 5 public availabilities from $3,950,000.

#9. 520 Fifth Avenue, #PH77
Last Ask: $10,950,000

520 Fifth Avenue has 4 public availabilities from $2,560,000.

#8 (tie). 50 East 73rd Street, #TH
Last Ask: $11,995,000

#8 (tie). The Parkville, #7FL
Last Ask: $11,995,000

The Parkville has 1 public availability asking $14,490,000.

#6. The Cortland, #18AW
Last Ask: $12,000,000

The Cortland has 12 public availabilities from $3,900,000.

#6. 140 Franklin Street, #PHC
Last Ask: $12,980,000

140 Franklin Street has no public availabilities.

#5. 834 Fifth Avenue, #MAISA
Last Ask: $14,750,000 (-18.1%)

834 Fifth Avenue has no public availabilities.

#4. 307 Hicks Street, #TH
Last Ask: $15,500,000

#3. 250 West Street, #10A
Last Ask: $16,000,000

250 West Street has 1 public availability asking $2,150,000.

#2. 56 Leonard Street, #PH52A
Last Ask: $19,995,000

56 Leonard Street has 5 public availabilities from $4,795,000.

#1. 200 East 75th Street, #PH5
Last Ask: $22,950,000

200 East 75th Street has 7 public availabilities from $3,300,000.

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