The Brentmore, #4N/5W (Compass)
After a quiet Thanksgiving week, New York’s luxury market rebounded strongly from December 2-8, 2024, with nearly 300 contracts signed. If all units sell at their asking prices, the total would exceed $530 million. This surge was driven by high-value deals in soaring new towers, historic townhouses, and new development condos along the East River and Hudson River waterfronts.
A total of $55,250,000 across two deals was signed at 220 Central Park South. Developer Vornado Realty Trust has been tight-lipped about the building's sales statistics, but both units were resales. The half-floor Residence #55B had the week's top asking price at $37,500,000. The Real Deal identified the seller as WorldQuant founder and CEO Igor Tulchinsky, and public records show that he bought it for $33 million in April 2021.
Several stories down, Residence #24B, one of only three duplex units in the building, also entered contract. Its asking price of $17,750,000 represents a nearly 20% reduction, but was nevertheless good enough for the week's fifth-highest. If it sells for this price, the unidentified seller will make a profit, having bought it for $14,632,313 in October 2018.
Several stories down, Residence #24B, one of only three duplex units in the building, also entered contract. Its asking price of $17,750,000 represents a nearly 20% reduction, but was nevertheless good enough for the week's fifth-highest. If it sells for this price, the unidentified seller will make a profit, having bought it for $14,632,313 in October 2018.
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Primary bath at 220 Central Park South
The week's top co-op contract was for Residence #4N/5W at The Brentmore, which was asking an even $20,000,000. While this was good enough for the third-highest deal of the week, it is a little less than the $20.9 million that seller, entrepreneur/philanthropist Grace
Hightower and then-husband, actor Robert De Niro, paid for it in 2006, when they bought it from disgraced film producer Harvey Weinstein.
In the wake of a dryer fire, Ms. Hightower embarked on an extensive renovation to open up the formerly "boxed off" apartment and make the most of Central Park views. When she listed it in May 2024, she said in a statement, "I want to get my own space and go crazy [with color]." Her next move is not available, nor has the buyer of the apartment at The Brentmore been identified.
In the wake of a dryer fire, Ms. Hightower embarked on an extensive renovation to open up the formerly "boxed off" apartment and make the most of Central Park views. When she listed it in May 2024, she said in a statement, "I want to get my own space and go crazy [with color]." Her next move is not available, nor has the buyer of the apartment at The Brentmore been identified.
120 East 19th Street, #TH (Compass); Ida Tarbell (James E. Purdy/ Adam Cuerden - This image is available from the United States Library of Congress's Prints and Photographs division under the digital ID cph.3c17943)
Meanwhile, historic townhouses proved popular among luxury buyers. The week's top townhouse contract and second-highest overall was for 114 Waverly Place, which was asking $22,850,000. Previously owned by former Radio City Rockette / "queen of the Village" Celeste Martin, design power couple Cortney and Robert Novogratz bought it for $8.5 million in August 2019 and embarked on an extensive, multi-year renovation that involved everything from repairing unsafe conditions and restoring original historic details to painting the pink stucco facade a golden ochre and styling the home with contemporary pieces. They listed it for $26.95 million in April 2024.
It was trailed by 120 East 19th Street, which was asking $8,950,000. This was good enough to tie with a Tribeca loft condo for the tenth-highest price of the week, but represents a $2.5 million price reduction from the original ask of $11.45 million when it came on the market last November. Pacific Insurance Company president and Pacific Bank director Amos F. Hatfield and his family moved into the Italianate-style house in 1853, but moved out a few years later following a burglary (h/t Daytonian in Manhattan). Over 171 years later, the house is currently configured as a multi-family building, but could easily be converted back to a single-family mansion.
In the early 20th century, 120 East 19th Street was turned into a high-end rooming house and later the Red Cross House for Nurses during World War I. One of its most notable residents was journalist/activist Ida Tarbell, whose "History of the Standard Oil Company" series was instrumental in the breakup of the firm under the Sherman Antitrust Act. She stayed in the house for decades until moving to her Connecticut summer home in 1940.
In the early 20th century, 120 East 19th Street was turned into a high-end rooming house and later the Red Cross House for Nurses during World War I. One of its most notable residents was journalist/activist Ida Tarbell, whose "History of the Standard Oil Company" series was instrumental in the breakup of the firm under the Sherman Antitrust Act. She stayed in the house for decades until moving to her Connecticut summer home in 1940.
(One High Line | Credit: Evan Joseph)
Also of note, apartments with waterfront vistas were in high demand last week. A total of $31,730,000 across four deals was signed at One High Line. These included Residence #EAST23A, which was asking $13,305,000 in the sixth-highest ask of the week. In the opposite tower, Residence #WEST29C was not far behind with a $10,785,000 asking price, the eight-highest of the week. The contracts were signed the same week a penthouse in the West Tower sold for $47 million in the highest Downtown sale of the year (h/t 6sqft). Both towers in the Bjarke Ingels-designed full-block building are uniquely tilted to make the most of Hudson River views.
Further downtown, a total of $9,885,000 across three deals was signed at 450 Washington Street. Amidst a conversion from rental to sales units, the building's facade was spruced up; the interiors were redesigned with high-end finishes and appliances; and an array of indoor/outdoor amenities was unveiled. One constant, though, is an enviable Tribeca location across from Hudson River Park that allows it to look out on direct river views.
The Huron and its sales director, Kayla Lee
In Brooklyn, a total of $17,850,000 across ten deals was signed at The Huron. The Morris Adjmi-designed development is best known for its industrially-inspired design, over 30,000 square feet of indoor/outdoor amenities, and postcard-perfect views of the East River and the Manhattan skyline. The building is now open for immediate occupancy.
These deals bring The Huron to over 80% sold, but it is not the only new Brooklyn development to promise spectacular waterfront views: Shortly after sales launched, three contracts totaling $8,685,000 were signed at One Williamsburg Wharf. These included the first penthouse contract in the building: Penthouse E has three bedrooms, three full baths, a fireplace in the Great Room, a 296-square-foot private terrace, and a $4,800,000 asking price.
Pool deck at One Williamsburg Wharf, #PHE (Serhant)
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Top 10 NYC contracts signed during the first week of December 2024
#10 (tie). 120 East 19th Street, #TH
$8,950,000 (-21.8%)
Gramercy Park | Townhouse | 6+ Bedrooms, 6+ Baths | 8,000 ft2
120 East 19th Street, #TH (Compass)
#10 (tie). 176 Duane Street, #5/6
Last Ask: $8,950,000
Tribeca | Condominium | 4 Bedrooms, 3.5 Baths | 5,000 ft2
176 Duane Street, #5/6 (Corcoran Group)
#9. Georgica, #PHC
Last Ask: $10,000,000
Yorkville | Condominium | 6+ Bedrooms, 5.5 Baths | 5,111 ft2
Georgica, #PHC (Compass)
#8. One High Line, #WEST29C
Last Ask: $10,785,000
Chelsea | Condominium | 3 Bedrooms, 3.5 Baths | 2,695 ft2
One High Line, #WEST29C (Corcoran Sunshine Marketing Group)
#7. The Four Seasons Private Residences, #PH75B
Last Ask: $11,500,000 (-6.1%)
Tribeca | Condominium | 3 Bedrooms, 5 Baths | 3,121 ft2
The Four Seasons Private Residences, #PH75B (Sothebys International Realty)
#6. One High Line, #EAST23A
Last Ask: $13,305,000
Chelsea | Condominium | 4 Bedrooms, 4.5 Baths | 3,114 ft2
One High Line, #EAST23A (Corcoran Sunshine Marketing Group)
#5. 220 Central Park South, #24B
Last Ask: $17,750,000 (-18.4%)
Midtown West | Condominium | 3 Bedrooms, 3 Baths | 2,616 ft2
220 Central Park South, #24B (Corcoran Group)
#4. The Greenwich Lane, #6A
Last Ask: $19,995,000
Greenwich Village | Condominium | 4 Bedrooms, 4.5 Baths | 3,674 ft2
The Greenwich Lane, #6A (Corcoran Group)
#3. The Brentmore, #4N/5W
Last Ask: $20,000,000
Central Park West | Cooperative | 5 Bedrooms, 4 Baths | 5,700 ft2
The Brentmore, #4N/5W (Compass)
#2. 114 Waverly Place, #TH
Last Ask: $22,850,000
Greenwich Village | Townhouse | 5 Bedrooms, 5.5 Baths | 6,800 ft2
114 Waverly Place, #TH (Douglas Elliman Real Estate)
#1. 220 Central Park South, #55B
Last Ask: $37,500,000
Midtown West | Condominium | 3 Bedrooms, 3.5 Baths | 3,211 ft2
220 Central Park South, #55B (Serhant)
Would you like to tour any of these properties?
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Or call us at (212) 755-5544
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