126 East 86th Street, #PH (Corcoran Group)
Manhattan Sales:
- For the week ending September 6, 2024, $392,124,985 worth of transactions across 201 condo, condop, and cooperative deals were recorded
- 89 condo sales came to an aggregate price of $230,475,814
- Two condop sales came to an aggregate price of $2,475,000
- 110 co-op sales came to an aggregate price of $159,174,171
In this article:
The first full week of September 2024 was an abbreviated business week due to the Labor Day holiday on Monday, September 2; as such, fewer sales were recorded by default. However, several high-priced sales in new development condominiums were recorded during this time, with Upper West Side apartments accounting for three of Manhattan's top five sales.
The top sale of the week took place in the Village at The Greenwich Lane, the condo conversion of the historic St. Vincent's Hospital. Penthouse #6B closed for $24,500,000 in what appears to have been an off-market sale. The penthouse measures five bedrooms, four and a half baths, and over 5,300 square feet. Both the buyer and seller conducted the transaction through LLCs, but public records show that the buyer made a profit, having bought it for $22.375 million in December 2021.
The sale was recorded shortly after publishing executive Peter Barbey's penthouse elsewhere in the building entered contract with a $32 million ask, as well as after media executive Michael Ovitz sold his Greenwich Lane home for $23.5 million. Also last week, and elsewhere in the Greenwich Lane complex, Residence #10D at 155 West 11th Street sold for $6,300,000, slightly short of the week's top five sales.
The sale was recorded shortly after publishing executive Peter Barbey's penthouse elsewhere in the building entered contract with a $32 million ask, as well as after media executive Michael Ovitz sold his Greenwich Lane home for $23.5 million. Also last week, and elsewhere in the Greenwich Lane complex, Residence #10D at 155 West 11th Street sold for $6,300,000, slightly short of the week's top five sales.
The Greenwich Lane, home of the week's top sale (CityRealty)
The week's second-highest sale was the penthouse at 126 East 86th Street, which closed for $17,500,000. The duplex penthouse measures 5,628 interior square feet and boasts a private rooftop terrace as well as a large private balcony off the Great Room.
This sale was recorded less than a year after sales launched in the new Upper East Side boutique condominium, which was branded Arloparc at the time. Since then, closings have commenced and all of the building's publicly listed units have entered contract.
This sale was recorded less than a year after sales launched in the new Upper East Side boutique condominium, which was branded Arloparc at the time. Since then, closings have commenced and all of the building's publicly listed units have entered contract.
Public records indicate that the buyers of the new Upper East Side penthouse moved there from a prewar building on the Upper West Side. They are listed as the sellers of Penthouse A at The Olcott, which closed for $10,900,000 in the fourth-highest sale of the week. This was less than the $12.5 million they sought for it when they listed it in March 2024, but they nevertheless make a small profit, having bought it for $10,400,405 in July 2012. This buyer was identified through an LLC.
The Olcott, #PHA (Brown Harris Stevens)
The Olcott is located half a block from Central Park, and the week's top co-op sale took place directly on the park: Residence #14D at The Beresford sold for $14,160,000. While this was good enough for the third-highest sale of the week, it represents a 35.6% reduction from the $22 million it was listed for in October 2021; it was on and off the market at gradually lower price points since, and entered contract with a $15.95 million ask in June 2024.
Rounding out the top five sales was Residence #504 at The Belnord, which closed for $7,895,000, down slightly from the listing price of $7.95 million when it entered contract in July 2024. Coincidentally, the sale was recorded a few weeks after the season premiere of Only Murders in the Building, the Emmy Award-winning TV show that uses The Belnord for exterior shots. The buyer made the purchase through an LLC, and the sale was recorded a few months after media mogul Martha Stewart bought a duplex in the building with her daughter Alexis Stewart.
Courtyard at The Belnord, home of the fifth-highest sale (Douglas Elliman)
The Belnord, #504 (Douglas Elliman)
From the Listing:
This spectacular Robert A.M. Stern-designed, four-bedroom, four-and-a-half-bathroom home epitomizes timeless glamor, luxury, and elegance. Beauty abounds with peaceful views into the interior 22,000-square-foot courtyard garden, north and south exposures, 10-foot ceilings, fully restored, oversized mahogany windows, and white oak floors with chevron and plank patterns throughout. Upon arrival, a formal entry foyer and gallery lead to the expansive and elegant great room. The enormous eat-in-kitchen has been custom designed by Molteni in collaboration with Robert A.M. Stern Architects.
This spectacular Robert A.M. Stern-designed, four-bedroom, four-and-a-half-bathroom home epitomizes timeless glamor, luxury, and elegance. Beauty abounds with peaceful views into the interior 22,000-square-foot courtyard garden, north and south exposures, 10-foot ceilings, fully restored, oversized mahogany windows, and white oak floors with chevron and plank patterns throughout. Upon arrival, a formal entry foyer and gallery lead to the expansive and elegant great room. The enormous eat-in-kitchen has been custom designed by Molteni in collaboration with Robert A.M. Stern Architects.
2 Available Listings for Sale from $10,710,000
The Olcott, #PHA (Brown Harris Stevens)
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From the Listing:
This unique and gorgeous loft-like duplex boasts 4 super spacious bedrooms plus a large windowed office-and every room in the house has an open exposure. The 3,500 square feet of unparalleled outdoor space is the equivalent of the best backyard in the sky - an exciting entertaining and recreation space - with the unusual combination of views and total safety.
Off the elevator, step into an entry gallery on the top floor which leads to the magnificent and jaw dropping great room, which stretches over 37 feet long and over 19 feet wide with over 10 foot ceilings. Enormous windows on 3 sides create the ultimate architecturally correct glass box, still allowing room for art and furniture, and the rare confluence of fabulous light and warmth. The terrace can be accessed via regular glass doors and for those occasions you want to bring the outdoors in, there are sliding bi-fold glass doors.
This unique and gorgeous loft-like duplex boasts 4 super spacious bedrooms plus a large windowed office-and every room in the house has an open exposure. The 3,500 square feet of unparalleled outdoor space is the equivalent of the best backyard in the sky - an exciting entertaining and recreation space - with the unusual combination of views and total safety.
Off the elevator, step into an entry gallery on the top floor which leads to the magnificent and jaw dropping great room, which stretches over 37 feet long and over 19 feet wide with over 10 foot ceilings. Enormous windows on 3 sides create the ultimate architecturally correct glass box, still allowing room for art and furniture, and the rare confluence of fabulous light and warmth. The terrace can be accessed via regular glass doors and for those occasions you want to bring the outdoors in, there are sliding bi-fold glass doors.
1 Available Listing for Sale for $2,450,000
The Beresford, #14A (Brown Harris Stevens)
From the Listing:
Arguably the best single apartment on Central Park West, this exceptional four-bedroom/ four and half-bathroom residence occupies the coveted front south corner position on the 14th floor of the iconic Beresford. With over 4,000 square feet, it offers spectacular Central Park and Manhattan skyline views from every major room. Light streams in throughout the day through 27 new windows spanning all four exposures. A private elevator landing opens onto an enormous 29-foot gallery which leads to an impressive 50-foot expanse of entrainment space capturing breathtaking views of the entire Manhattan skyline and Central Park.
Arguably the best single apartment on Central Park West, this exceptional four-bedroom/ four and half-bathroom residence occupies the coveted front south corner position on the 14th floor of the iconic Beresford. With over 4,000 square feet, it offers spectacular Central Park and Manhattan skyline views from every major room. Light streams in throughout the day through 27 new windows spanning all four exposures. A private elevator landing opens onto an enormous 29-foot gallery which leads to an impressive 50-foot expanse of entrainment space capturing breathtaking views of the entire Manhattan skyline and Central Park.
2 Available Listings for Sale from $2,750,000
126 East 86th Street, #PH (Corcoran Group)
From the Listing:
The Penthouse is a duplex 5-bedroom, 5.5-bathroom residence spanning 5,628 interior square feet and offering northern, southern, eastern, and western exposures. A dazzling private rooftop terrace of 1,149 square feet is complete with a European pergola and an outdoor kitchen offering sweeping views of the Midtown skyline, Central Park, and beyond.
Arriving at the private entry foyer with marble flooring and custom Venetian plaster wall, you enter an expansive south-facing great room featuring an oversized gas fireplace with custom marble mantle. A wet bar with custom cabinetry by Scavolini, bar/beverage station, Waterworks fixtures, and a Miele espresso machine is perfect for entertaining, and a large balcony offers stunning views of the Midtown skyline. The residence features ceilings over 11’ and European white oak flooring in a Herringbone pattern throughout.
The Penthouse is a duplex 5-bedroom, 5.5-bathroom residence spanning 5,628 interior square feet and offering northern, southern, eastern, and western exposures. A dazzling private rooftop terrace of 1,149 square feet is complete with a European pergola and an outdoor kitchen offering sweeping views of the Midtown skyline, Central Park, and beyond.
Arriving at the private entry foyer with marble flooring and custom Venetian plaster wall, you enter an expansive south-facing great room featuring an oversized gas fireplace with custom marble mantle. A wet bar with custom cabinetry by Scavolini, bar/beverage station, Waterworks fixtures, and a Miele espresso machine is perfect for entertaining, and a large balcony offers stunning views of the Midtown skyline. The residence features ceilings over 11’ and European white oak flooring in a Herringbone pattern throughout.
The Greenwich Lane (Douglas Elliman)
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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