Manhattan Sales:
- For the week ending September 27, 2024, $530,337,030 worth of transactions across 227 condo, condop, and cooperative deals were recorded
- 102 condo sales came to an aggregate price of $363,918,123
- Seven condop sales came to an aggregate price of $12,647,258
- 118 co-op sales came to an aggregate price of $153,771,649
In this article:
As September 2024 drew to a close, the number of closed sales held steadily week-over-week while high-priced condo sales caused the sales volume to spike. During the fourth full week of the month, the most expensive sales were almost evenly divided between full-floor apartments in soaring new construction and penthouses at historic buildings in rarefied neighborhoods.
The week's top sale was for Tower Residence #50 at 111 West 57th Street. Initially listed for $29.5 million in October 2018, when the building was still marketing off of floor plans, it returned to the market for $31 million in January 2024, entered contract with a $26.95 million ask in July 2024, and ultimately closed for $24,500,000. This duplex residence offers one full floor of living space, a full-floor private loggia on top, and incredible views of Central Park and the Manhattan skyline in any setting. The buyer conducted the transaction through an LLC.
Almost directly to the east, the week's third-highest sale took place at 520 Park Avenue, the tallest building on the Upper East Side Gold Coast. Residence #21 closed for $18,500,000 in what appears to have been an off-market transaction. The buyer made the purchase through an LLC.
"The market responded well to the restoration of the historic and gorgeous exterior with brand-new interiors inside — a combination of old and new" — Matthew Adell, Adellco, on The Wales' penthouse
The Wales penthouse (Corcoran)
However, New York's luxury buyers clearly have an appreciation for both Old World architecture and the rarity of listings in historic buildings: Less than two months after it entered contact with a $19.995 million ask, the penthouse at The Wales closed for $18,529,863 in the second-highest sale of the week. The penthouse is a Landmarks Preservation Commission-approved addition to the onetime Hotel Wales in the Expanded Carnegie Hill Historic District, and is surrounded by a wraparound terrace. The buyer conducted the transaction through an LLC, but celebrities like Scarlett Johansson, Colin Jost, and Sean Hayes were seen touring the penthouse.
Further downtown, Penthouse #A at The Keller closed for $17,866,698, slightly above the asking price, high enough for the top Downtown sale, and coming in as the fourth-highest sale of the week. Located on the uppermost levels of the landmarked building constructed as The Knickerbocker Hotel, the duplex penthouse offers one full floor of living space and a private roof terrace overlooking Hudson River views. This buyer conducted the transaction through a trust.
One Central Park, #75A (Compass)
The fifth-highest sale of the week was also the only resale of the top five: Residence #75A at One Central Park, the residential component on the upper levels of Deutsche Bank Center, sold for $17,330,500. Initially listed for $50 million in July 2013, it went off the market a few months later to spend late 2019 and most of December 2020 on the rental market. It ultimately entered contract with an asking price of $21.995 million in May 2024 and came in somewhat below ask. However, the closing price is nevertheless more than 1.75 times the $9,858,366 the seller paid for it in June 2004.
Walker Tower, #PH8 (Bespoke Real Estate LLC)
At another historic building, the Ralph Walker-designed Walker Tower, Tampa Bay Rays co-owner Randy Frankel's penthouse closed for $14,500,000, just short of the week's top five sales. It came in under the $15.995 million asking price when it entered contract in July 2024, but Mr. Frankel still makes a profit, having bought it for $12,219,000 in December 2013. Public records indicate that the buyer conducted the transaction through an LLC, and that they will only be the penthouse's second owner.
Also of note last week, seven recorded sales at 64 University Place came to a total of $24,220,620. These include a purchase by power broker Fredrik Eklund, who had announced his intention to buy in the building while marketing it with business partner John Gomes (reportedly another buyer in the building). Mr. Eklund paid the asking price of $3.35 million for his two-bedroom apartment; all the others came in above ask.
One Central Park, #75A (Compass)
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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.
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.
The Keller, #PHA (Compass)
From the Listing:
Introducing Residence PHA, a 4,287-square-foot, corner 4-bed, 4-bath, 1-half bath gracefully designed duplex home featuring sweeping southwestern views directly overlooking the Hudson River and Park, and a spectacular 1,992 square foot private outdoor terrace. Each residence at The Keller offers 7’ wide custom-stained European White Oak flooring, quarter-cut walnut-clad entry doors, and high-efficiency central heating and cooling. The penthouse’s bespoke kitchen features custom cabinetry with quarter-cut walnut finish and matte lacquer finish on ribbed panels, complemented by honed White Macaubas slab countertops and backsplash. There is a top-of-the-line appliance package, as well as a garbage disposal in every residence.
Introducing Residence PHA, a 4,287-square-foot, corner 4-bed, 4-bath, 1-half bath gracefully designed duplex home featuring sweeping southwestern views directly overlooking the Hudson River and Park, and a spectacular 1,992 square foot private outdoor terrace. Each residence at The Keller offers 7’ wide custom-stained European White Oak flooring, quarter-cut walnut-clad entry doors, and high-efficiency central heating and cooling. The penthouse’s bespoke kitchen features custom cabinetry with quarter-cut walnut finish and matte lacquer finish on ribbed panels, complemented by honed White Macaubas slab countertops and backsplash. There is a top-of-the-line appliance package, as well as a garbage disposal in every residence.
520 Park Avenue, #21 (Zeckendorf Marketing LLC)
2 Available Listings for Sale from $16,750,000
The Wales, #PH (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.
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.
4 Available Listings for Sale from $895,000
111 West 57th Street (David Sundberg)
From the Listing:
Tower Duplex Residence 50 is a spectacular residence that offers the grandeur of expansive indoor-outdoor living across two full floors, featuring three bedrooms, three full bathrooms, and a powder room comprised of 4,492 square feet of interior space and 1,798 square feet of outdoor space. Direct elevator access leads into the grand entry gallery finished with white macauba stone floors. Dramatic double doors lead into the expansive 50-foot great room highlighted by ceiling heights up to 14 feet, intricately patterned floors in custom smoke-gray solid oak, and floor-to-ceiling windows through which to enjoy Central Park views.
Tower Duplex Residence 50 is a spectacular residence that offers the grandeur of expansive indoor-outdoor living across two full floors, featuring three bedrooms, three full bathrooms, and a powder room comprised of 4,492 square feet of interior space and 1,798 square feet of outdoor space. Direct elevator access leads into the grand entry gallery finished with white macauba stone floors. Dramatic double doors lead into the expansive 50-foot great room highlighted by ceiling heights up to 14 feet, intricately patterned floors in custom smoke-gray solid oak, and floor-to-ceiling windows through which to enjoy Central Park views.
8 Available Listings for Sale from $15,750,000
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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