The Laureate and #Penthouse 1A
Manhattan Sales:
- For the week ending September 13, 2024, $451,491,936 worth of transactions across 236 condo, condop, and cooperative deals were recorded
- 102 condo sales came to an aggregate price of $290,145,448
- 13 condop sales came to an aggregate price of $14,253,687
- 121 co-op sales came to an aggregate price of $147,092,801
In this article:
The week of September 8-14, 2024 was the first full business week of September 2024. The number of sales recorded gradually increased week-over-week, and the sales volume dramatically spiked in the same time period. However, the latter is likely more indicative of a particularly high-priced sale recorded during this time than of long-term market trends.
Central Park Tower, #39B (Douglas Elliman)
The top sale of the week was Residence #39B at Central Park Tower, which closed for $43,500,000 in a sale recorded roughly two weeks after it entered contract. Like all units in the tallest residential building in the world, the five-bedroom Residence #39B enjoys postcard-perfect views of Central Park and the Manhattan skyline. However, it is one of a small handful of units in the entire building to have private outdoor space, a nearly 2,000-square-foot private terrace accessed from the spacious entertaining area. The buyer made the purchase through an LLC.
While the week's most expensive sale by an extremely comfortable margin, Residence #39B's price represents a sharp reduction from the last asking price of $59 million. Moreover, the apartment's closing price represents a 58% reduction from the $75 million it was listed for when it was marketed off floor plans in 2018.
While the week's most expensive sale by an extremely comfortable margin, Residence #39B's price represents a sharp reduction from the last asking price of $59 million. Moreover, the apartment's closing price represents a 58% reduction from the $75 million it was listed for when it was marketed off floor plans in 2018.
Laureate, #PH1A (Douglas Elliman)
The second-highest sale of the week was Penthouse #1A at Upper West Side condominium Laureate, which closed for $14,325,000. The sale brings the saga of the penthouse to a close just under six years after it was initially listed for $23 million in October 2017. It had been on and off the market at gradually lower price points since then and ultimately entered contract with an asking price of $15.5 million in July 2024. Public records show that the seller has taken a loss, having paid $15,587,000 for it in February 2012.
During the time the penthouse was on the market, new Upper West Side condos with more luxurious finishes and amenities, including the nearby 200 Amsterdam Avenue and 50 West 66th Street, rose to steal some of Laureate's thunder. And yet, this is likely not the only factor: The landmarked prewar cooperatives lining Central Park West still hold cachet, and indeed the week's top co-op sale took place at The Eldorado. Residence #16B, a two-bedroom with a private terrace overlooking Central Park, closed for $6,006,000 in the week's eighth-highest overall sale.
During the time the penthouse was on the market, new Upper West Side condos with more luxurious finishes and amenities, including the nearby 200 Amsterdam Avenue and 50 West 66th Street, rose to steal some of Laureate's thunder. And yet, this is likely not the only factor: The landmarked prewar cooperatives lining Central Park West still hold cachet, and indeed the week's top co-op sale took place at The Eldorado. Residence #16B, a two-bedroom with a private terrace overlooking Central Park, closed for $6,006,000 in the week's eighth-highest overall sale.
Additionally, while Central Park views are in demand among the city’s luxury buyers, they are not the only coveted ones. Northwest of Laureate, Penthouse C at prewar cooperative 118 Riverside Drive enjoys breathtaking vistas of Riverside Park and the Hudson River from large windows as well as from the over 1,100-square-foot private terrace. Interiors feature beamed ceilings, a gas fireplace in the well-proportioned living room, a chef’s kitchen, and a secluded corner primary suite. While the final price of $5,500,000 fell just shy of the week’s top ten sales, it was still more than 10% above the last listing price when it entered contract in June 2024 after less than a month on the market.
118 Riverside Drive, #PHC (Douglas Elliman)
The week's top Downtown sale and third-highest overall was for Residence #45W at Tribeca tower 111 Murray Street; it closed for $9,300,000. Public records identify the seller as the estate of Warren Estis, co-founder of law firm Rosenberg & Estis. While many of the city's law firms have real estate divisions, Rosenberg & Estis is the largest firm dedicated entirely to real estate. The four-bedroom condo was initially listed for $11.995 million in June 2023, just over a year after Mr. Estis' death in November 2022, and his co-founder, Gary Rosenberg, is listed as the executor of his estate. Public records show that Mr. Estis bought it for $12,040,000 in April 2019.
The fourth-highest sale trailed by only $1 million: Residence #3GS at 150 Charles Street closed for $8,300,000, or just under the ask when it entered contract in February 2024. The seller was listed as an LLC, and public records show that they made a profit, having bought it for $5,750,000 in December 2018. The buyer was identified as Blackrock executive Anushka Sunder.
Soho powerhouse 40 Mercer Street rounded out the week's top five sales with Residence #33, which sold for $7,350,000. This is only slightly under the last ask and not a dramatic departure from the $7.95 million it was initially listed for in September 2023; prior to that, it had been on and off the rental market since 2012. Public records list the buyer as British hedge fund executive Christopher Rokos. The seller, identified only through an LLC, has made a small profit on it, having bought it for $6,850,000 in July 2008.
Also of note last week, a total of $8,588,104 across four sales was recorded at 200E20th, a new condominium with a design by CetraRuddy that has transformed its corner of East 20th Street and Third Avenue in Gramercy. Both one-bedrooms and a two-bed came in slightly above ask, and the other two-bed got its asking price. All units feature high ceilings, oversized windows, kitchens with integrated Miele appliances, and beautifully finished primary baths. Current availabilities in the building start at $1.69 million.
200E20th (Douglas Elliman)
40 Mercer Street, #33 (Official)
From the Listing:
An enviable living destination for the most discerning, Apartment 33 on the ninth floor at Soho’s exclusive modern masterpiece, 40 Mercer Street, offers the utmost privacy, luxury and discretion for its privileged resident(s). Direct elevator access opens to this corner loft-like 2-bedroom, 2.5-bath residence with elegant wood floors, voluminous 11’ ceilings, and walls of windows overlooking Soho’s grandest architecture. Eastern and southern exposures brighten the expansive living/dining room, perfect for lavish gatherings, seamlessly served by a top-of-the-line Varenna kitchen. The primary bedroom is a relaxing retreat with massive windows, two custom built closets, and a spa-like ensuite bathroom.
An enviable living destination for the most discerning, Apartment 33 on the ninth floor at Soho’s exclusive modern masterpiece, 40 Mercer Street, offers the utmost privacy, luxury and discretion for its privileged resident(s). Direct elevator access opens to this corner loft-like 2-bedroom, 2.5-bath residence with elegant wood floors, voluminous 11’ ceilings, and walls of windows overlooking Soho’s grandest architecture. Eastern and southern exposures brighten the expansive living/dining room, perfect for lavish gatherings, seamlessly served by a top-of-the-line Varenna kitchen. The primary bedroom is a relaxing retreat with massive windows, two custom built closets, and a spa-like ensuite bathroom.
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1 Available Listing for Sale for $14,950,000
150 Charles Street, #3GS (A & I Broadway Realty Inc.)
From the Listing:
Prime West Village 3-bedroom, 3.5-bathroom featuring 11'5" ceiling heights with 2,540 square feet at 150 Charles Street, the full-service luxury condominium by COOKFOX Architects. Entertain effortlessly with expansive rooms, 10-foot floor-to-ceiling south-facing windows. Interior design by Alan Wanzenberg includes windowed chef’s kitchen with Alabama white marble counters, walnut cabinetry by Molteni, and appliances by Wolf, Miele, and Sub-Zero, including a wine refrigerator and warming drawer. Primary bathroom is lined with slabs of Alabama white marble and includes deep soaking tub, LeFroy Brooks fixtures, custom Alan Wanzenberg double sink vanity, and radiant heated floors.
Prime West Village 3-bedroom, 3.5-bathroom featuring 11'5" ceiling heights with 2,540 square feet at 150 Charles Street, the full-service luxury condominium by COOKFOX Architects. Entertain effortlessly with expansive rooms, 10-foot floor-to-ceiling south-facing windows. Interior design by Alan Wanzenberg includes windowed chef’s kitchen with Alabama white marble counters, walnut cabinetry by Molteni, and appliances by Wolf, Miele, and Sub-Zero, including a wine refrigerator and warming drawer. Primary bathroom is lined with slabs of Alabama white marble and includes deep soaking tub, LeFroy Brooks fixtures, custom Alan Wanzenberg double sink vanity, and radiant heated floors.
3 Available Listings for Sale from $6,200,000
111 Murray Street, #45W (Nest Seekers LLC)
From the Listing:
Welcome to the epitome of urban sophistication and contemporary luxury living at 111 Murray Street–45West: an exquisite residence nestled in the heart of Manhattan’s vibrant Tribeca neighborhood. This remarkable home offers an unparalleled living experience, combining breathtaking views, unrivaled amenities, and exceptional design.
Upon entering this extraordinary home, you are greeted by a sprawling gallery that extends north to south, providing expansive wall space for your art collection. The north wing leads into a voluminous and spacious open-concept living space where floor-to-ceiling windows bathe the entire residence in natural light, offering panoramic vistas of the iconic New York City skyline, the Hudson River, and surrounding landmarks.
Welcome to the epitome of urban sophistication and contemporary luxury living at 111 Murray Street–45West: an exquisite residence nestled in the heart of Manhattan’s vibrant Tribeca neighborhood. This remarkable home offers an unparalleled living experience, combining breathtaking views, unrivaled amenities, and exceptional design.
Upon entering this extraordinary home, you are greeted by a sprawling gallery that extends north to south, providing expansive wall space for your art collection. The north wing leads into a voluminous and spacious open-concept living space where floor-to-ceiling windows bathe the entire residence in natural light, offering panoramic vistas of the iconic New York City skyline, the Hudson River, and surrounding landmarks.
Laureate, #PH1A (Douglas Elliman)
From the Listing:
This well-appointed and sophisticated penthouse offers five bedrooms with four-and-one-half bathrooms spanning over 4,100 square feet and includes a 2,250-square-foot landscaped private roof deck. Upon entry you are welcomed with oversized windows offering a picturesque view of Central Park, Fifth Avenue, and the iconic Manhattan skyline. Enjoy modern living at its finest; with a grand sense of scale in the living and dining rooms with 10' ceilings, making it ideal for entertaining or spending a quiet evening reading at home by the fire. Dine all day in the custom designed eat-in-kitchen that will suit any discerning buyer.
This well-appointed and sophisticated penthouse offers five bedrooms with four-and-one-half bathrooms spanning over 4,100 square feet and includes a 2,250-square-foot landscaped private roof deck. Upon entry you are welcomed with oversized windows offering a picturesque view of Central Park, Fifth Avenue, and the iconic Manhattan skyline. Enjoy modern living at its finest; with a grand sense of scale in the living and dining rooms with 10' ceilings, making it ideal for entertaining or spending a quiet evening reading at home by the fire. Dine all day in the custom designed eat-in-kitchen that will suit any discerning buyer.
Central Park Tower, #39B (Douglas Elliman)
From the Listing:
Soaring above the vibrant tapestry of New York City sits Residence #39B at Central Park Tower, a remarkable 7,587 square foot sanctuary offering unparalleled luxury and breathtaking cityscapes. Entertain in grand style with a magnificent corner living room boasting unparalleled Central Park views, a formal dining room, and a spectacular entertaining area that seamlessly flows onto a nearly 2,000 square foot private terrace, blurring the lines between indoor and outdoor living. Beyond the grand entertaining spaces, find 5 spacious bedrooms, a library/den, 5 full bathrooms, and 2 powder rooms, offering a tranquil retreat in the heart of the city.
Soaring above the vibrant tapestry of New York City sits Residence #39B at Central Park Tower, a remarkable 7,587 square foot sanctuary offering unparalleled luxury and breathtaking cityscapes. Entertain in grand style with a magnificent corner living room boasting unparalleled Central Park views, a formal dining room, and a spectacular entertaining area that seamlessly flows onto a nearly 2,000 square foot private terrace, blurring the lines between indoor and outdoor living. Beyond the grand entertaining spaces, find 5 spacious bedrooms, a library/den, 5 full bathrooms, and 2 powder rooms, offering a tranquil retreat in the heart of the city.
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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