Manhattan Contracts: Upper West Side homes shine during quiet week; Penthouses at The Wales and Dorilton sold

By CityRealty Staff | From Future New York Tuesday, August 13, 2024

Some of the iconic Upper West Side buildings along Central Park West

From August 5-11, 2024, Manhattan saw 182 residential contracts signed, a 17% decrease from the previous week as vacation season peaks. The median asking price for these contracts surged to $1,385,000, driven by a greater number of high-end properties finally going under contract. Consequently, the overall average time on the market ballooned by 26%, averaging 118 days.

When the Upper East Side's landmarked Hotel Wales was converted to luxury condominium The Wales, the process involved restoring the ornate facade to its original glory as well as adding a discreet, Landmarks Preservation Commission-approved penthouse with a wraparound terrace to the top of the building. The penthouse was originally listed for $23 million in March 2022, but its asking price of $19,995,000 nevertheless gave it the week's top contract by a comfortable margin.

The buyer was not identified, but celebrities like Scarlett Johansson, Colin Jost, and Sean Hayes were seen touring the penthouse. This contract brings the building to 86% sold.

On the opposite side of Central Park, Residence #19B at The Beresford had the week's top co-op contract and second-highest overall with a $12,950,000 asking price. The contract for this four-bedroom with a private terrace was signed less than a month after three luxury signings took place in one week at this New York City Landmark, and less than two months after an assemblage that included Glenn Close's old apartment had Manhattan's top contract. Residence #19B was originally listed for $14.99 million in October 2023, over 16 years after the unidentified seller paid $10.8 million for it.

Entrance of The Dorilton on West 70th Street (BHS)

The first week of August 2024 proved to be a good one for Upper West Side listings, which accounted for six of Manhattan's top ten contracts. Another New York City Landmark, The Dorilton, was home to the week's second-highest co-op contract and fifth-highest overall; Penthouse East was asking $7,300,000. This duplex penthouse with a private rooftop terrace was originally listed for $7.7 million in October 2023, but the unidentified seller still stands to make a profit, having bought it for $3,900,000 in May 2011.

But while ornately designed cooperatives like The Beresford and The Dorilton were instrumental in bringing the Upper West Side to prominence, amenity-rich new development condos were also in demand among luxury buyers. These included two units at 50 West 66th Street, the neighborhood's new tallest building. Residence #5E had the week's seventh-highest contract with a $7,000,000 ask, and Residence #4E was not far behind with a $6,900,000 ask.

520 Fifth Avenue, August 2024 (CityRealty)

Further downtown, 520 Fifth Avenue is still going strong. A total of $12,030,000 across four contracts, three one-bedrooms and a two-bedroom, was signed over the past week. All buyers will enjoy expansive views through the arched windows rising ever-higher on the building's facade, not to mention luxe interiors and a high-end amenity package.

A borough away, a beautifully converted carriage house at 413 Degraw Street had Brooklyn's top contract with an asking price of $5,475,000. Original features like beamed ceilings and exposed brick were beautifully preserved, while modern upgrades include a state-of-the-art chef's kitchen, a full-floor primary suite with custom closets and dressing room, radiant heated flooring in many of the baths, and a private roof terrace with custom wet bar, outdoor kitchen, wraparound lighting, and wiring for two outdoor televisions.

413 Degraw Street, converted carriage house

413 Degraw Street, #TH (Compass)

Beyond the carriage house, it was a good week for newly launched Brooklyn condos. A total of $5,870,000 across four two-bedroom contracts was signed at 87 Irving Place, a modern new condominium in Clinton Hill. Two of the apartments have private outdoor space (as per the building's stacking plan), and all interiors feature high ceilings, oversized windows, custom closets, and pre-installed designer lighting.

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Kensington Manor in Brooklyn saw seven contracts signed last week

Further south, a total of seven contracts, or just under 10% of the building's inventory, were signed at Kensington Manor, a new condominium rising at the nexus of Kensington and Ditmas Park. One of the more amenity-rich buildings to take shape in this area, amenities include an attended lobby with package room, a fitness center with yoga room, a children's playroom, a residents' lounge, a pet spa, bike storage, on-site parking with electric vehicle chargers, and a rooftop terrace with a dog run, grill stations, and dining and lounging areas. Floor plans indicate that every unit that entered contract comes with private outdoor space in some capacity, whether a balcony, terrace, or private rooftop deck.

#10. The Wellston, #6GH
Last Ask: $6,495,000

Broadway Corridor | Cooperative | 5 Bedrooms, 3.5 Baths | 3,200 ft²

The Wellston, #6GH (Brown Harris Stevens Residential Sales LLC)

From the Listing: Once upon a time, nestled within a quaint neighborhood, stood a duplex home that whispered tales of elegance and comfort. Its exterior, adorned with blooming flowers and a charming porch, beckoned passersby to explore the wonders within. As the front door swung open, guests were greeted by a symphony of luxury and functionality. Bespoke lighting danced across the walls, casting enchanting shadows that seemed to tell stories of their own. In the heart of the home, a gourmet eat-in kitchen awaited, boasting not one, but two Sub-Zero refrigerators, a gas Wolf oven and range, Miele electric oven, and Miele microwave where culinary dreams are brought to life with ease. See full details here.

The Wellston has 2 public availabilities from $2,700,000.

#9. The Greenwich Lane, #10D
Last Ask: $6,795,000

Greenwich Village | Condominium | 2 Bedrooms, 2 Baths | 1,515 ft²

The Greenwich Lane, #10D (Corcoran Group)

From the Listing: Perfectly perched on the 10th floor of the luxurious Greenwich Lane condominium, this spectacular corner residence features two bedrooms and two bathrooms. Flooded with natural light, the 1,515-square-foot home offers breathtaking open city views including peeks of the Hudson River. The interiors were designed by renowned interior designer, Thomas O'Brien and features include floor-to-ceiling windows, oak hardwood floors, custom millwork, Nanz polished nickel hardware, Waterworks polished nickel fixtures, motorized shades and a four-pipe HVAC system with zoned climate control for each room .Off an elegant entrance gallery is the grand 23-foot long living and dining room with picturesque views overlooking the neighboring park, the charming townhouses of the West Village and the Hudson River. See full details here.

The Greenwich Lane has no public availabilities.

#8. 50 West 66th Street, #4E
Last Ask: $6,900,000

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

50 West 66th Street, #4E (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 4E 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 7 public availabilities from $4,600,000.

#7. 50 West 66th Street, #5E
Last Ask: $7,000,000

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

50 West 66th Street, #5E (Douglas Elliman Real Estate)

From the Listing: Extell's newest tower will have 124 ultra-luxury homes ranging from two bedrooms to full floors. The building boasts 50,000 square feet of amenity space including both an indoor and outdoor pool, squash court, full sized basketball and pickleball court, state-of-the-art fitness center, Sky Lounge for entertaining and porte cochere entrance. House Residence #5E is a gracious 2,488-square-foot, 3-bedroom, 3.5 bath home. See full details here.

50 West 66th Street has 7 public availabilities from $4,600,000.

#6. 530 Park Avenue, #15B
Last Ask: $7,250,000 (-9.4%)

Park/Fifth Ave. to 79th St. | Condominium | 4 Bedrooms, 4 Baths | 2,698 ft²

530 Park Avenue, #15B (Corcoran Group)

From the Listing: Residence #15B is a stunning duplex residence comprised of 3 or 4 bedrooms, 4 full marble baths, spacious living room, formal dining room with views onto Park Avenue from every window. This home includes 530 Park Avenue's distinctive curved radius windows which appear on both floors offering expanded vistas. The circular flow makes for an entertainer's dream! There are gleaming oak hardwood floors throughout, with a herringbone pattern in the living and dining rooms. Storage unit is included. See floor plan and full details here.

530 Park Avenue has 3 units for rent from $7,000/month.

#5. The Dorilton, #PHEAST
Last Ask: $7,300,000

Broadway Corridor | Cooperative | 4 Bedrooms, 5 Baths | 3,175 ft²

The Dorilton, #PHEAST (Sotheby's International Realty)

From the Listing: Live life beautifully in this historic, landmark Upper West Side 4-bedroom, 4 1/2-bathroom home, nestled in a penthouse garden paradise! All is perfectly renovated with the highest quality finishes. One enters Penthouse East by a semi-private landing and is immediately enchanted by the light, ceiling heights, and the beautiful architectural details the historic Dorilton has to offer....oversized windows, amazing ceiling heights, detailed original fireplace mantelpiece, architectural moldings, and beautiful wood floors. Annexing the Great Room is one of the West Side’s largest private rooftop gardens. The apartment conveys with a storage unit. See floor plan and full details here.

The Dorilton has one unit for rent for $40,000/month.

#4. One Riverside Park, #30B
Last Ask: $7,500,000 (-3.8%)

Riverside Dr./West End Ave. | Condominium | 4 Bedrooms, 4.5 Baths | 3,348 ft²

One Riverside Park, #30B (Compass)

From the Listing: Luminous, modern, and elegant, this spacious 4-bed, 4.5-bath corner condo residence located atop One Riverside Park features interiors by acclaimed designer Shamir Shah and sweeping views of the Hudson River. Residence #30B features a large eat-in chef’s kitchen outfitted with top-of-the-line appliances from Miele and Sub-Zero. The home has a large dining room and living room both with stunning floor-to-ceiling views of the Hudson River. 20-year tax abatement currently in place which runs through 2035. See full details here.

One Riverside Park has 10 public availabilities from $1,395,000.

#3. 84 Mercer Street, #3E
Last Ask: $8,000,000

SoHo | Cooperative | 3 Bedrooms, 3.5 Baths

84 Mercer Street, #3E (Compass)

From the Listing: This is the stuff that Soho loft Ddreams are made of: Iconic architectural elements, including exposed, meticulously restored cast iron columns and massive wood beams, set the tone for this voluminous ultra-loft spanning around 60 feet of west-facing sunny frontage onto one of the area's most prized cobble street blocks. Experience the ultimate 'New York moment' by entering a very unassuming, discrete lobby entrance....the private keyed elevator doors open to reveal a full-floor loft masterpiece that celebrates history whilst catering to the contemporary present. The open floor plan reveals multiple areas and moments simultaneously providing the ultimate entertainer's paradise and humanly scaled aspects. See full details here.

84 Mercer Street has 3 public availabilities from $2,995,000.

#2. The Beresford, #19B
Last Ask: $12,950,000 (-10.7%)

Central Park West | Cooperative | 4 Bedrooms, 4 Baths

The Beresford, #19B (Brown Harris Stevens Residential Sales LLC)

From the Listing: Perched perfectly on the 19th floor, this stunning 4-bedroom, 4-bathroom residence boasts sweeping views of Central Park and the iconic New York City skyline PLUS an enormous terrace! There are breathtaking views from the living room with wood-burning fireplace, library, kitchen, and primary bedroom as well as the private terrace, which spans approximately 60 feet. Enjoy indoor and outdoor living year round, with doors off the living room, library and primary bedroom onto the terrace. See floor plan and full details here.

The Beresford has 4 public availabilities from $2,750,000.

#1. The Wales, #PENTHOUSE
Last Ask: $19,500,000 (-9.3%)

Carnegie Hill | Condominium | 5 Bedrooms, 5.5 Baths | 4,179 ft²

The Wales, #PENTHOUSE (Corcoran Sunshine Marketing Group)

From the Listing: Ready for immediate occupancy, the Penthouse at The Wales is a one-of-a-kind full floor residence offering a gracious 4,179-square-foot interior with an expansive 3,114 square feet of outdoor space over two levels. Gracious outdoor entertaining spaces include a wraparound entertaining terrace and a separate roof terrace with Central Park views, an outdoor kitchen with a wet bar, a fireplace, and a butler's pantry. Designed by Parisian firm Cabinet Alberto Pinto, the penthouse offers five bedrooms, five bathrooms, and two powder rooms and takes advantage of its 360-degree exposures filling the residence with sunlight and views of Central Park and the Reservoir. See floor plan and full details here.

The Wales has 4 public availabilities from $999K.

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#10. The Wellston, #6GH
Last Ask: $6,495,000

The Wellston has 2 public availabilities from $2,700,000.

#9. The Greenwich Lane, #10D
Last Ask: $6,795,000

The Greenwich Lane has no public availabilities.

#8. 50 West 66th Street, #4E
Last Ask: $6,900,000

50 West 66th Street has 7 public availabilities from $4,600,000.

#7. 50 West 66th Street, #5E
Last Ask: $7,000,000

50 West 66th Street has 7 public availabilities from $4,600,000.

#6. 530 Park Avenue, #15B
Last Ask: $7,250,000 (-9.4%)

530 Park Avenue has 3 units for rent from $7,000/month.

#5. The Dorilton, #PHEAST
Last Ask: $7,300,000

The Dorilton has one unit for rent for $40,000/month.

#4. One Riverside Park, #30B
Last Ask: $7,500,000 (-3.8%)

One Riverside Park has 10 public availabilities from $1,395,000.

#3. 84 Mercer Street, #3E
Last Ask: $8,000,000

84 Mercer Street has 3 public availabilities from $2,995,000.

#2. The Beresford, #19B
Last Ask: $12,950,000 (-10.7%)

The Beresford has 4 public availabilities from $2,750,000.

#1. The Wales, #PENTHOUSE
Last Ask: $19,500,000 (-9.3%)

The Wales has 4 public availabilities from $999K.

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