Last week's top sales included a full-floor at the Giorgio Armani Residences and a spectacular Upper East Side triplex penthouse once asking $22.8 million (30 East 85th Street #PH30A | SERHANT)
Manhattan Sales:
- For the week ending January 3, 2025, $344,283,157 worth of transactions across 155 condo, condop, and cooperative deals were recorded
- 83 condo sales came to an aggregate price of $239,646,364
- Three condop sales came to an aggregate price of $4,175,000
- 69 co-op sales came to an aggregate price of $100,461,793
In this article:
Like the previous week, the week ending January 3, 2025 was interrupted by a holiday (New Year's Day falling on Wednesday), which couldn't help but disrupt the business week and cause a week-over-week dip in sales. But judging by the number of uber-luxury sales closed during this time, it appears to be a holiday-related blip and not an indication of a wider market slowdown.
Around the same time a Tribeca penthouse led Manhattan's top contracts by a comfortable margin, the neighborhood was also home to the week's top sale. Residence #5BC at 140 Franklin Street, a wrapping paper factory turned luxury condominium, sold for an even $23,000,000. Both parties conducted the transaction using LLCs, and the seller makes a profit of over 20%, having bought it for $19 million in May 2018.
View over the Upper East Side from the penthouse at 30 East 85th Street. Billionaires' Row and Upper East Side residences comprised half of the top 10 closings last week
It was trailed closely by Residence #9 at The Giorgio Armani Residences, which closed for $21,639,900. The buyer is listed as an LLC, but The Real Deal identified the buyer as American Eagle Outfitters CEO Jay Schottenstein. The full-floor five-bedroom unit entered contract with a $25 million asking price in January 2024, and the sale was recorded shortly after closings commenced on the branded residential component on top of the new Giorgio Armani flagship on Madison Avenue.
Meanwhile, the towers lining Central Park remain in demand among luxury buyers. At Central Park Tower, Residence #60W closed for $13,171,925. This represents a nearly 22% reduction from the initial listing price of $16,825,000 when it was listed in December 2021, but was nevertheless high enough for the third-highest sale of the week. It entered contract with an asking price of $16.05 million in late December 2024.
A short distance away at One Central Park West, the rebranded residential component of Trump International Hotel, Residence #26A closed for $8,300,000. This was good enough for the fifth-highest sale of the week; however, public records indicate that the seller, listed as an LLC, has taken a loss on the three-bedroom unit, having bought it for $9.2 million in December 2016. It was listed for $10.2 million in February 2024.
Top Sales
One Central Park West, #26A (Trump International Realty)
From the Listing:
This is a rare opportunity to own the coveted A line apartment with sweeping views of Central Park and points north. The home has been recently renovated with wide plank hardwood floors, gourmet stainless steel kitchen including a wine cooler. Once inside, the generously spaced foyer takes you to the open living and dining room space with spectacular views of the park. The primary and secondary bedrooms face east so you are gently awakened by gorgeous sunrises over Central Park.
This is a rare opportunity to own the coveted A line apartment with sweeping views of Central Park and points north. The home has been recently renovated with wide plank hardwood floors, gourmet stainless steel kitchen including a wine cooler. Once inside, the generously spaced foyer takes you to the open living and dining room space with spectacular views of the park. The primary and secondary bedrooms face east so you are gently awakened by gorgeous sunrises over Central Park.
30 East 85th Street, #PH30A (Serhant LLC)
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From the Listing:
Full-floor trophy triplex penthouse atop 30 East 85th Street! A private, keyed vestibule welcomes you into an expansive and dramatic Great Room with 12' soaring ceilings, a fireplace and breathtaking skyline and Central Park views. Currently configured as five bedrooms, five baths and a powder room spread out 5,425 square feet and enjoying 4 private terraces spanning 934 square feet while the exterior boasts views in every direction, this is a dream home and entertaining space. Elegant architectural details and materials throughout.
Full-floor trophy triplex penthouse atop 30 East 85th Street! A private, keyed vestibule welcomes you into an expansive and dramatic Great Room with 12' soaring ceilings, a fireplace and breathtaking skyline and Central Park views. Currently configured as five bedrooms, five baths and a powder room spread out 5,425 square feet and enjoying 4 private terraces spanning 934 square feet while the exterior boasts views in every direction, this is a dream home and entertaining space. Elegant architectural details and materials throughout.
2 Available Listings for Sale from $2,695,000
Central Park Tower, #60W (Corcoran Sunshine Marketing Group)
From the Listing:
Reside over 620' above New York City in this residence at Central Park Tower. The formal entry foyer and gallery lead to an expansive great room featuring both north and west facing views. The gourmet kitchen features custom cabinetry by Smallbone of Devizes and premium Miele appliances. Soaring ceiling heights of 10'7" and floor-to-ceiling windows spanning the entire residence allow for an abundance of natural light throughout the home. The intelligently designed floor plan includes three large en-suite bedrooms and a separate powder room.
Reside over 620' above New York City in this residence at Central Park Tower. The formal entry foyer and gallery lead to an expansive great room featuring both north and west facing views. The gourmet kitchen features custom cabinetry by Smallbone of Devizes and premium Miele appliances. Soaring ceiling heights of 10'7" and floor-to-ceiling windows spanning the entire residence allow for an abundance of natural light throughout the home. The intelligently designed floor plan includes three large en-suite bedrooms and a separate powder room.
The Giorgio Armani Residences, #9 (Douglas Elliman)
From the Listing:
The Ninth Floor residence is an expansive full-floor five-bedroom, five and half-bath realm of luxury spanning 4,530 square feet. The elegantly appointed contemporary interiors feature white oak flooring in a custom Parquet de Versailles pattern, soaring 10' ceilings, and 8' tall oversized windows, marrying classic Upper East Side luxury with a sophisticated modern sensibility. This home is flooded with light and has open city views east, south, and north. A private elevator landing opens to the elegant entry foyer and formal gallery clad in Gascogne Beige honed Limestone floors with Gascogne Blue accents.
The Ninth Floor residence is an expansive full-floor five-bedroom, five and half-bath realm of luxury spanning 4,530 square feet. The elegantly appointed contemporary interiors feature white oak flooring in a custom Parquet de Versailles pattern, soaring 10' ceilings, and 8' tall oversized windows, marrying classic Upper East Side luxury with a sophisticated modern sensibility. This home is flooded with light and has open city views east, south, and north. A private elevator landing opens to the elegant entry foyer and formal gallery clad in Gascogne Beige honed Limestone floors with Gascogne Blue accents.
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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