Manhattan Contracts: Giorgio Armani Residences now 70% sold; Joan Fontaine's apartment finds a buyer

By CityRealty Staff | From Future New York Monday, June 3, 2024

The Giorgio Armani Residences, #5 (Douglas Elliman)

From May 27 to June 2, 2024, the number of signed Manhattan contracts was flat compared to the prior week. It must be noted that the Memorial Day holiday fell during this time, thus abbreviating the business week, and May 2024 was ultimately the best month in terms of contracts signed since May 2023. However, the number of signed contracts was down 9% since May 2023 and down 21% from May 2022, a time of low interest rates. Additionally, inventory has gone up in recent weeks, giving buyers on the sidelines a wider range of choices.

As May 2024 gave way to June, new and recent development condominiums put on a respectable showing among the highest-priced luxury contracts. The week's top contract was for the fifth-floor home at The Giorgio Armani Residences, which was asking an even $25,000,000. Located above the Giorgio Armani flagship store on Madison Avenue, it features interiors by Giorgio Armani, a corner living with a fireplace, a formal dining room off the chef's kitchen, a luxe primary suite with dressing room and windowed bath, and a private balcony off the living room. The contract comes approximately nine months since sales quietly launched, and brings the building to 70% sold. The remaining availabilities include a duplex penthouse for $32,500,000.

It was closely trailed by Residence #17CD at 50 West 66th Street, a combination of two units in the forthcoming building asking $24,950,000. This 7,112-square-foot home features six bedrooms, six full baths, two powder rooms, triple exposures, ceilings up to 12'8" high, and high-end finishes and appliances throughout.

Views of Central Park and Billionaires' Row from One Central Park, #75A (Compass)

The contract was signed shortly after construction topped out on 50 West 66th Street, the tallest building on the Upper West Side. Indeed, the past week was a good one for Manhattan's tallest buildings. A high-floor home at One Central Park, a residential component of the towering Deutsche Bank Center, had the week's fourth-highest contract with an asking price of $21,995,000. A short distance away at Central Park Tower, the tallest residential building in the world, had the fifth-highest asking price at $18,500,000.

Also of note last week, the Upper East Side home of Academy Award-winning actress Joan Fontaine entered contract with an asking price of $6,950,000 in the tenth-highest of the week. Ms. Fontaine lived in the uber-exclusive 160 East 72nd Street from the late 1970s into the 1980s, during which time she entertained in the expansive space and brought the library's beams, fireplace, and paneling from a European monastery. It has been meticulously renovated since Ms. Fontaine's departure, and has been on and off the market since it was initially listed for $8.95 million in 2013.

Joan Fontaine Upper East Side apartment

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#10. 160 East 72nd Street, #5FL
Last Ask: $6,950,000

Lenox Hill | Cooperative | 4 Bedrooms, 4.5 Baths

160 East 72nd Street, #5FL (Brown Harris Stevens Residential Sales LLC)

From the Listing: Once the home of the late Joan Fontaine, an iconic Hollywood movie star, this meticulously renovated apartment showcases architectural grace and prewar details throughout. A private elevator vestibule opens into the sophisticated entrance gallery which has a powder room and two front hall closets. The impressive 30-foot living room overlooks 72nd Street through large casement windows and features a wood-burning fireplace, lovely moldings, built-in bookcases and over ten-foot ceilings. The adjacent wood-paneled library with arched windows is warmed by a wood-burning fireplace. See floor plan and full details here.

160 East 72nd Street has no public availabilities.

#9. The Yosemite, #3E
Last Ask: $7,750,000

Park/Fifth Ave. to 79th St. | Cooperative | 4 Bedrooms, 3.5 Baths | 4,480 ft²

The Yosemite, #3E (Brown Harris Stevens Residential Sales LLC)

From the Listing: Reminiscent of a more refined era, this grand home is located on the ideal floor for perfect architectural and Park Avenue views. Arriving on the private elevator landing you enter the nearly 28' gallery which opens to 3 beautiful public rooms spanning 63' in length. The corner living room, center reception room, and dining room are all very large and are complimented by attractive architectural exposures and tremendous morning light. The dining room retains its original intricate plaster ceiling and both fireplaces, in the living and dining rooms, are adorned with stunning custom marble mantels. A basement storage unit transfers with the sale. See floor plan and full details here.

The Yosemite has 3 public availabilities from $2,325,000.

#8. 1175 Park Avenue, #9A
Last Ask: $12,500,000 (-8.8%)

Carnegie Hill | Cooperative | 5 Bedrooms, 4.5 Baths | 4,400 ft²

1175 Park Avenue, #9A (Sloane Square LLC)

From the Listing: This apartment's extraordinary layout was created by a renowned Brazilian architect. The layout has 4 areas (living, entertainment, bedroom, and kitchen) which are brilliantly connected by a large central gallery and hallways. Enter this exquisite apartment from a private elevator vestibule into the grand gallery, and continue through to an expansive 34'x46' corner Great Room consisting of a stunning living room (with wood-burning fireplace) and dining room with Park Avenue views from an oversized wall of windows facing west as well as a wall of windows with northern city Views. See floor plan and full details here.

1175 Park Avenue has no public availabilities.

#7. 117 East 72nd Street, #6FL
Last Ask: $14,000,000

Park/Fifth Ave. to 79th St. | Cooperative | 6+ Bedrooms, 4.5 Baths

117 East 72nd Street, #6FL (Brown Harris Stevens Residential Sales LLC)

From the Listing: Originally 16 rooms, now 12, this pristine, sprawling full-floor apartment has 6 bedrooms and 4.5 baths that have been meticulously designed with abundant architectural details. One enters the apartment through a private elevator landing into the gracious black, white and taupe marble gallery reminiscent of the Carlyle Hotel where a convenient powder room with marble vanity and nickel sink sits off to the side. The expansive living room with over-sized windows has multiple seating areas, a wood-burning fireplace, classic dental molding, and herringbone floors. A basement storage unit is included. See floor plan and full details here.

117 East 72nd Street has no public availabilities.

#6. Superior Ink, #12C
$15,900,000

West Village | Condominium | 5 Bedrooms, 5.5 Baths | 4,116 ft²

Superior Ink, #12C (Compass)

From the Listing: Sweeping, sparkling river and open city views from this magical high floor residence at the Superior Ink Building are “stop you in your tracks” beautiful. This five bedroom, five-and-a-half-bathroom home features over 4,100 square feet across a floor-through layout with high ceilings and wonderfully big windows to capture the views. Purchased directly from the sponsor as one apartment, the current owners have completely renovated and seamlessly combined what exists as two apartments on other floors in the building. A chic wood paneled entrance gallery opens into a dramatic corner living room with mesmerizing Hudson River views. See floor plan and full details here.

Superior Ink has 1 public availability asking $6,685,000.

#5. Central Park Tower, #78W
Last Ask: $18,500,000

Midtown West | Condominium | 3 Bedrooms, 4 Baths | 3,073 ft²

Central Park Tower, #78W (Extell Marketing Group LLC)

From the Listing: Reside over 788' above New York City in this half-floor residence at Central Park Tower. This north, west, and south-facing, three-bedroom, three and one-half bathroom residence boasts Central Park views from the living/dining room. The formal entry foyer and gallery are fitting for this classic layout featuring ceiling heights of approximately 11-7. The layout is perfect for entertaining and provides privacy and comfort with en-suite bathrooms as well as a separate powder room for guests. See floor plan and full details here.

Central Park Tower has 12 public availabilities from $6,795,000.

#4. One Central Park, #75A
Last Ask: $21,995,000

Central Park West | Condominium | 4 Bedrooms, 5.5 Baths | 3,923 ft²

One Central Park, #75A (Compass)

From the Listing: This magnificent home, crafted by Noel Jeffrey and showcased in Elle Decor, has floor-to-ceiling windows framing unparalleled views of Central Park, the Manhattan skyline, and Hudson River. Step into an inviting entry foyer featuring Limed Oak and Lalique glass accents leading to a spacious gallery adorned with Venetian plaster walls and limestone floors. The grand living room, with exquisite Ceruse Oak wood paneling, and an expansive dining room offer panoramic views, creating an awe-inspiring backdrop for any occasion. The eat-in kitchen, showcasing oak and glass cabinetry, is equipped with top-tier appliances including a Sub-Zero refrigerator, Miele cooktop and dishwasher, wine cooler, and a Thermador oven. See floor plan and full details here.

One Central Park has 12 public availabilities from $3,780,000.

#3. 52 East 66th Street, #TH
Last Ask: $24,500,000

Park/Fifth Ave. to 79th St. | Townhouse | 6+ Bedrooms, 6+ Baths | 8,400 ft²

52 East 66th Street, #NA (Corcoran Group)

From the Listing: Handsome and refined, this impeccably renovated 20-foot wide brownstone with stoop and elevator has been gutted to its shell then rebuilt and meticulously crafted to create a modern classic that's bright and imbued with good energy.

Originally built in 1877 by architect J. H. Valentine for developer Ira E.Doying, it is one of a row of ten originally neo-Grec residences. No. 52, however, is one of only a handful that retains its historical front facade that features enframements with incised carving at openings, cornice slab lintels and stylized bracketed cornice at the roof. The current owner presents a fresh update to the rear faade with a neoteric combination of beautiful limestone, steel, and glass that allows southern light to permeate the dwelling. See floor plan and full details here.

#2. 50 West 66th Street, #17CD
Last Ask: $24,950,000

Central Park West | Condominium | 6+ Bedrooms, 6+ Baths | 7,112 ft²

50 West 66th Street, #17CD (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. House residence 17CD is a gracious 7,112-square-foot, 6-bedroom, 6-bathroom, 2-powder room home with north, south, and east exposures. It features top-of-the-line finishes, including Smallbones of Devizes kitchens with Miele and Subzero appliances, 8-inch oak flooring, and ceiling heights up to 12'-8", marble bathrooms, and generous closets. See floor plan and full details here.

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

#1. The Giorgio Armani Residences, #5
Last Ask: $25,000,000

Park/Fifth Ave. to 79th St. | Condominium | 4 Bedrooms, 4.5 Baths | 4,869 ft²

The Giorgio Armani Residences, #5 (Douglas Elliman Real Estate)

From the Listing: With grand proportions and an open layout comprising 4,869 square feet, this striking four-bedroom, four-and-a-half-bath has been masterfully designed by Giorgio Armani to evoke an unparalleled sense of space and light. The elegantly appointed contemporary interiors feature white oak flooring in a custom Parquet de Versailles pattern, soaring 10' ceilings, 8 ' tall oversized windows, marrying classic Upper East Side luxury with a sophisticated modern sensibility. An expansive 30' 22' corner living room with gas fireplace set in Calacatta Caldia marble is ideally crafted for lavish entertaining and opens onto a 460-square-foot terrace. An adjacent formal butler's pantry seamlessly transitions to an intimate media room and a second, beautifully landscaped private terrace. See floor plan and full details here.

The Giorgio Armani Residences has 2 public availabilities from $23,500,000.

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#10. 160 East 72nd Street, #5FL
Last Ask: $6,950,000

160 East 72nd Street has no public availabilities.

#9. The Yosemite, #3E
Last Ask: $7,750,000

The Yosemite has 3 public availabilities from $2,325,000.

#8. 1175 Park Avenue, #9A
Last Ask: $12,500,000 (-8.8%)

1175 Park Avenue has no public availabilities.

#7. 117 East 72nd Street, #6FL
Last Ask: $14,000,000

117 East 72nd Street has no public availabilities.

#6. Superior Ink, #12C
$15,900,000

Superior Ink has 1 public availability asking $6,685,000.

#5. Central Park Tower, #78W
Last Ask: $18,500,000

Central Park Tower has 12 public availabilities from $6,795,000.

#4. One Central Park, #75A
Last Ask: $21,995,000

One Central Park has 12 public availabilities from $3,780,000.

#3. 52 East 66th Street, #TH
Last Ask: $24,500,000

#2. 50 West 66th Street, #17CD
Last Ask: $24,950,000

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

#1. The Giorgio Armani Residences, #5
Last Ask: $25,000,000

The Giorgio Armani Residences has 2 public availabilities from $23,500,000.

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