The Henry, home to two of the top ten contracts (DBOX)
Between restoration to a full business week and a large number of high-priced contracts signed during this time, the New York real estate market experience a week-over-week bump from October 21-27, 2024. It was a particularly good time for new development penthouses, which accounted for four of Manhattan's ten highest-priced contracts.
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On the Upper West Side, a total of $54,150,000 across three deals was signed at The Henry. Penthouse A was asking $26,950,000 in the second-highest deal of the week, and was closely trailed by Penthouse D, which was asking $21,500,000. Not only are these penthouse contracts the highest of the week, but they are the most expensive on the Upper West Side in 2024. The signings come about a month after sales launched and shortly after construction on the building topped out.
Both penthouses are full-floor units. Penthouse A has six bedrooms, six and a half baths, and a 754-square-foot private terrace accessible from the living room, library, and separate kitchen. Penthouse D has five bedrooms, five and a half baths, and two private terraces -- one off the living room, one off the primary suite.
"The Henry is a true love letter to the neighborhood from Robert A.M. Stern Architects, and the penthouses embody the dream of luxurious indoor/outdoor living in New York City" -- Alexa Lambert, Compass Development Marketing Group
The Henry, October 2024 (CityRealty)
Even in its raw unfinished state, the structure’s quality is evident.
The Henry was not the only new development condo on the Upper West Side to succeed last week: A total of $18,075,000 across two deals was signed at 50 West 66th Street, the tallest building in the neighborhood. These included Residence #8D, a five-bedroom unit asking $11,850,000 in the eighth-highest deal of the week.
Further downtown, 520 Fifth Avenue has topped out construction at 1,002 feet high and recorded $15,400,000 across two deals. These include the first penthouse in the building to enter contract: Penthouse 75 was asking $11,950,000. One of seven penthouses in the building, this full-floor unit features three bedrooms, three and a half baths, and a 153-square-foot private terrace off the living room. The entertaining rooms are positioned to make the most of southeast exposures of the Manhattan skyline, including such icons as the Empire State Building and Chrysler Building. These deals brings the building to over 70% sold.
Additionally, the past week was a good one for Hudson Yards. A total of $26,690,000 across three deals was signed at 35 Hudson Yards, the tallest residential building in the mega-development. These included Residence #8001, which was asking $12,100,000 in the sixth most expensive contract of the week. This four-bedroom home enjoys spectacular views of the Hudson River in every room.
Across the complex at 15 Hudson Yards, Penthouse #85B entered contract with a $9,895,000 asking price. This marks a deep reduction from the $12.88 million it was marketed for off floor plans in 2017, but was nevertheless high enough for the tenth most expensive contract of the week. The heart of this home is a massive corner Great Room with views of the Hudson River, the Lower Manhattan skyline, and the Statue of Liberty.
Across the complex at 15 Hudson Yards, Penthouse #85B entered contract with a $9,895,000 asking price. This marks a deep reduction from the $12.88 million it was marketed for off floor plans in 2017, but was nevertheless high enough for the tenth most expensive contract of the week. The heart of this home is a massive corner Great Room with views of the Hudson River, the Lower Manhattan skyline, and the Statue of Liberty.
140 Jane Street (Corcoran Group)
But for all the success of new development penthouses in soaring new buildings, the top contract by an extremely comfortable margin was for a full-floor unit about halfway up its low-rise building: The sixth floor at 140 Jane Street entered contract with an asking price of $40,500,000. The five-bedroom, four and a half-bath home's floor plan depicts an expansive layout with a spacious living/dining room, a study with wet bar, and a glass-fronted conservatory. The bedrooms are positioned on the opposite end of the home from the entertaining space for optimal privacy and include a primary bedroom with home office, two dressing rooms, and en suite bath. In between, there is a home gym, a private sauna, and a lounge with access to a private balcony.
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#10. Fifteen Hudson Yards, #PH85B
Last Ask: $9,895,000 (-5.8%)
Midtown West | Condominium | 4 Bedrooms, 4.5 Baths | 3,166 ft2
Fifteen Hudson Yards, #PH85B (Corcoran Sunshine Marketing Group)
#9. The Plaza, #909
Last Ask: $10,995,000 (-22.3%)
Midtown West | Condominium | 3 Bedrooms, 2.5 Baths | 2,800 ft2
The Plaza, #909 (Douglas Elliman Real Estate)
50 West 66th Street, #8D (Corcoran Group)
From the Listing: Apartment #8D is a gracious 3,889-square-foot, 5-bedroom, 5.5-bath home with south and east exposures. This exquisite apartment features top-of-the-line finishes, including Smallbone of Devizes kitchens equipped with Miele and Subzero appliances. The residence is adorned with oak flooring and marble baths, while ceiling heights reach up to 9'-8". 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. See full details here.
50 West 66th Street has 2 public availabilities from $5,995,000.
#7. 520 Fifth Avenue, #PH75
Last Ask: $11,950,000
Midtown West | Condominium | 3 Bedrooms, 3.5 Baths | 3,095 ft2
520 Fifth Avenue, #PH75 (Corcoran Sunshine Marketing Group)
#6. 35 Hudson Yards, #8001
Last Ask: $12,100,000
Midtown West | Condominium | 4 Bedrooms, 4.5 Baths | 3,848 ft2
35 Hudson Yards, #8001 (Corcoran Group)
#5. 245 West 18th Street, #TH
Last Ask: $12,495,000 (-7.4%)
Chelsea | Townhouse | 2 Bedrooms, 2 Baths | 5,834 ft2
245 West 18th Street, #TH (Douglas Elliman Real Estate)
#4. 465 Washington Street, #PH
Last Ask: $12,995,000 (-7.1%)
Tribeca | Condominium | 5 Bedrooms, 4.5 Baths | 3,920 ft2
465 Washington Street, #PH (Corcoran Group)
#3. The Henry, #PHD
Last Ask: $21,500,000
Broadway Corridor | Condominium | 5 Bedrooms, 5.5 Baths | 5,314 ft2
The Henry, #PHD (Compass)
#2. The Henry, #PHA
Last Ask: $26,950,000
Broadway Corridor | Condominium | 6+ Bedrooms, 6+ Baths | 6,679 ft2
The Henry, #PHA (Compass)
From the Listing: Inspired by the rich heritage and architectural significance of the West Village, 140 Jane Street is a celebration of craft and context. Nestled on a tranquil cobblestone street with views of the Hudson River, this boutique condominium features fifteen immaculate residences designed inside and out by the acclaimed architecture firm Leroy Street Studio. With unique conservatories, private balconies, or terraces in nearly all residences, 140 Jane Street provides an enticing blend of indoor and outdoor living, alongside a collection of beautifully appointed amenities including a porte-cochere, automated parking garage, lap pool, hot tub, and private park. See full details here.
140 Jane Street has no public availabilities.
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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