Manhattan Sales:
- For the week ending November 1, 2024, $315,779,175 worth of transactions across 140 condo, condop, and cooperative deals were recorded
- 75 condo sales came to an aggregate price of $215,893,819
- Two condop sales came to an aggregate price of $1,107,000
- 63 co-op sales came to an aggregate price of $98,778,356
In this article:
While markets are up in the wake of the news of a Trump presidential victory, not everyone is celebrating: Crain's New York Business notes that between his well-publicized plans for mass-scale deportations, high tariffs from other countries, and uncertainty related to infrastructure projects that require federal funding, it is likely to be a turbulent time for New York.
However, New York real estate has historically stood the test as a sound investment even in troubled times. Indeed, while significantly fewer sales were recorded week over week leading up to Election Day, this was somewhat tempered by luxury sales recorded during this time that kept sales volume high.
However, New York real estate has historically stood the test as a sound investment even in troubled times. Indeed, while significantly fewer sales were recorded week over week leading up to Election Day, this was somewhat tempered by luxury sales recorded during this time that kept sales volume high.
The top sale of the week was for Residence #8A at The Greenwich Lane, which sold for $22,325,000 in what appears to have been an off-market deal. The buyer was identified through an LLC, but public records show that they are only the third owner of the three-bedroom apartment -- the first was Jimmy Choo co-founder/luxury shoe designer Tamara Mellon, who paid $18,355,981 for it in September 2016. She made a small profit when she sold it for $18.8 million in December 2019.
The second-highest sale was for Residence #15A at Mandarin Oriental Residences, a three-bedroom with private terrace that sold for $17,000,000. While well below the last ask of $22.05 million, Douglas Elliman's Jade Chen told The Real Deal that this was not a reflection on the building, but rather a special deal for a return client who owns another unit two floors up. The apartment comes fully furnished, and the buyer has access to hotel-caliber services, a fitness center, a spa, a residents-only restaurant by Daniel Boulud, and a rooftop pool.
Meanwhile, luxury buyers remain dazzled by the city's skyscrapers and the views promised from within. The week's third-highest sale took place at 35 Hudson Yards, the tallest residential building in the mega-development. Residence #8801 sold for $13,050,000, an even $2 million below the last asking price. This five-bedroom home on one of the uppermost levels spans the entire southern facade of the building, which makes for spectacular Hudson River views throughout.
35 Hudson Yards (Credit: Dave Burk)
At another skyline standout from Related Companies, Residence #70A at One Central Park sold for $11,500,000 in the fifth-highest sale of the week. Crain's New York Business identified the seller as advertising executive Keith Reinhard (of "Like a good neighbor, State Farm is there" fame) and notes that he and his late wife bought the high-floor home from the developer for $9.3 million in 2004. While a separate storage unit was included in the sale, the four-bedroom home enjoys generous closet space throughout, including two large dressing rooms in the massive primary suite.
Also of note, a total of $21,383,926 across two sales was recorded at Flatiron House. These included a penthouse that closed for $12,137,813 -- down from the $12.95 million asking price when it entered contract in September 2024, but good enough for the fourth-highest sale of the week. In addition to over 3,200 square feet of interior space, the duplex penthouse features a loggia running the length of the building's eastern facade and a private roof terrace.
Flatiron House, #PH (Corcoran Group)
One Central Park, #70A
From the Listing:
This spectacular move-right-in modern home in the South Tower of the iconic Deutsche Bank Center boasts 3,920 ft² of sophisticated living space throughout. The "glass house in the sky" is encircled by twenty-five floor-to-ceiling double pane, soundproof windows that are further highlighted by 10' ceilings. The apartment occupies the entire northern side of the 70th floor and features unparalleled direct views of Central Park to the east and The Hudson River to the west. The home underwent a meticulous renovation that was envisioned by renowned Architecture Studio H.S. Jessup along with custom interior details completed by acclaimed interior design house, Susan Kelly Interiors. Furnishings available for purchase.
This spectacular move-right-in modern home in the South Tower of the iconic Deutsche Bank Center boasts 3,920 ft² of sophisticated living space throughout. The "glass house in the sky" is encircled by twenty-five floor-to-ceiling double pane, soundproof windows that are further highlighted by 10' ceilings. The apartment occupies the entire northern side of the 70th floor and features unparalleled direct views of Central Park to the east and The Hudson River to the west. The home underwent a meticulous renovation that was envisioned by renowned Architecture Studio H.S. Jessup along with custom interior details completed by acclaimed interior design house, Susan Kelly Interiors. Furnishings available for purchase.
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Flatiron House, #PENTHOUSE (Corcoran Group)
From the Listing:
Designed by COOKFOX Architects and encompassing the full 25th floor, this stunning duplex Penthouse offers 3,228 interior square feet and 916 square feet of private outdoor space. This three-bedroom, three and a half bathroom property has sweeping 360-degree landmark views from floor-to-ceiling windows. Views include the Empire State Building, The Clocktower, Flatiron Building, and One World Trade Center. Elevators open directly into a gracious entry gallery leading to the corner open living and dining room with bright south and east exposures as well as a planted loggia room measuring 11'10" x 6'6".
Designed by COOKFOX Architects and encompassing the full 25th floor, this stunning duplex Penthouse offers 3,228 interior square feet and 916 square feet of private outdoor space. This three-bedroom, three and a half bathroom property has sweeping 360-degree landmark views from floor-to-ceiling windows. Views include the Empire State Building, The Clocktower, Flatiron Building, and One World Trade Center. Elevators open directly into a gracious entry gallery leading to the corner open living and dining room with bright south and east exposures as well as a planted loggia room measuring 11'10" x 6'6".
5 Available Listings for Sale from $3,950,000
35 Hudson Yards, #8801 (Corcoran Group)
35 Hudson Yards, #8801 (Corcoran Group)
From the Listing:
Enter this spectacular five bedroom residence through grand double-doors and enjoy the 10’10" ceilings, lavish satin finish wide plank French oak floors, massive south-facing Great Room, formal dining room, and stunning views of the Hudson River from every room. The windowed eat-in kitchen has been outfitted with luxurious Smallbone of Devizes cabinetry with opal white marble counters and backsplash. Full suite of Gaggenau appliances, inclusive of a wine fridge and coffee maker, truly make this kitchen extraordinary. The corner primary bedroom boasts a dressing room and wet bar, and a luxurious windowed en suite bathroom which is wrapped in stunning iceberg quartzite, complete with stunning double vanity with Kinon panels, and full depth soaking tub.
Enter this spectacular five bedroom residence through grand double-doors and enjoy the 10’10" ceilings, lavish satin finish wide plank French oak floors, massive south-facing Great Room, formal dining room, and stunning views of the Hudson River from every room. The windowed eat-in kitchen has been outfitted with luxurious Smallbone of Devizes cabinetry with opal white marble counters and backsplash. Full suite of Gaggenau appliances, inclusive of a wine fridge and coffee maker, truly make this kitchen extraordinary. The corner primary bedroom boasts a dressing room and wet bar, and a luxurious windowed en suite bathroom which is wrapped in stunning iceberg quartzite, complete with stunning double vanity with Kinon panels, and full depth soaking tub.
From the Listing:
LIVE on Fifth Avenue, in your fully furnished and appointed, private Mandarin Oriental residence with legendary Mandarin Oriental services. DINE in the comfort of your own private residence or in our private restaurant, Boulud Privé. INDULGE in the rooftop pool, fitness center, spa, sauna, steam room, treatment rooms, and salon. ENJOY Fifth Avenue and Central Park views. CELEBRATE a life worth living, the Mandarin Oriental way.
LIVE on Fifth Avenue, in your fully furnished and appointed, private Mandarin Oriental residence with legendary Mandarin Oriental services. DINE in the comfort of your own private residence or in our private restaurant, Boulud Privé. INDULGE in the rooftop pool, fitness center, spa, sauna, steam room, treatment rooms, and salon. ENJOY Fifth Avenue and Central Park views. CELEBRATE a life worth living, the Mandarin Oriental way.
The Greenwich Lane (Corcoran Group)
1 Available Listing for Sale for $3,400,000
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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