Central Park Tower via Extell Marketing Group
From March 7-13, there were a total of 255 apartment sales transactions in Manhattan, coming to an aggregate price of $430,938,870. The 113 condo sales came to a media price of $2.926 million, or $1,274 per square foot. The 136 co-op sales' median price was $760K.
The past week also marks the commencement of closings at Central Park Tower, the tallest residential building on Billionaires' Row, not to mention in the world. Residents benefit from jaw-dropping Central Park, skyline, and river views, high-end finishes, a sumptuous amenity suite in the sky, and a Nordstrom flagship as the retail tenant. Central Park Tower's sellout price of $4.016 billion includes 179 residential units and one commercial unit, and is $1 billion more than the nearby 220 Central Park South.
In the long term, we anticipate that the next year or so will be dominated by sales within the building. In the short term, though, a 3-bedroom, 3.5-bath, 2,419-square-foot unit in the building closed for $8.55 million, or $3,534 per square foot. This is down from the original asking price of $10.416 million, and just outside the top five sales of the past week. A full, sortable list may be found below.
The past week also marks the commencement of closings at Central Park Tower, the tallest residential building on Billionaires' Row, not to mention in the world. Residents benefit from jaw-dropping Central Park, skyline, and river views, high-end finishes, a sumptuous amenity suite in the sky, and a Nordstrom flagship as the retail tenant. Central Park Tower's sellout price of $4.016 billion includes 179 residential units and one commercial unit, and is $1 billion more than the nearby 220 Central Park South.
In the long term, we anticipate that the next year or so will be dominated by sales within the building. In the short term, though, a 3-bedroom, 3.5-bath, 2,419-square-foot unit in the building closed for $8.55 million, or $3,534 per square foot. This is down from the original asking price of $10.416 million, and just outside the top five sales of the past week. A full, sortable list may be found below.
15 Central Park West via Brown Harris Stevens
In this article:
From March 8-14, a total of 38 luxury contracts (priced $4 million and up) were signed in Manhattan, marking the sixth week in a row that the luxury market saw 30 deal or more. The contracts comprised six townhouses and 32 apartments, and Olshan Realty's market report notes that this year, condos have outsold co-ops by a 4:1 ratio. This week's aggregate asking price was $419,558,500.
Earlier this year, billionaire Vincent Viola set a new record for Brooklyn when his historic townhouse sold for $25.5 million. More recently, his massive, renovated Upper East Side townhouse is in contract to be sold. Its last asking price was $79 million, and The Wall Street Journal reports that it will be sold for close to $60 million, a discount from the $114 million it was originally listed for in 2013. Either way, it was the top luxury contract of the past week.
The top apartment deal and second-highest contract of the past week was a corner penthouse at 15 Central Park West with 5 bedrooms, 6.5 baths, and a 1,000-square-foot terrace overlooking Central Park. The asking price of $57.9 million is a slight reduction from its original listing price of $65 million, but is nevertheless nearly double the $30,457,500 the seller paid for it in April 2008. The apartment is located in a building designed by Robert A.M. Stern Architects, and it turned out to be a good week for the firm's designs - 220 Central Park South and 520 Park Avenue were also among the top contracts.
Earlier this year, billionaire Vincent Viola set a new record for Brooklyn when his historic townhouse sold for $25.5 million. More recently, his massive, renovated Upper East Side townhouse is in contract to be sold. Its last asking price was $79 million, and The Wall Street Journal reports that it will be sold for close to $60 million, a discount from the $114 million it was originally listed for in 2013. Either way, it was the top luxury contract of the past week.
The top apartment deal and second-highest contract of the past week was a corner penthouse at 15 Central Park West with 5 bedrooms, 6.5 baths, and a 1,000-square-foot terrace overlooking Central Park. The asking price of $57.9 million is a slight reduction from its original listing price of $65 million, but is nevertheless nearly double the $30,457,500 the seller paid for it in April 2008. The apartment is located in a building designed by Robert A.M. Stern Architects, and it turned out to be a good week for the firm's designs - 220 Central Park South and 520 Park Avenue were also among the top contracts.
Top Sales
1. 70 Vestry Street, #11N – $24,605,625 ($4,921 / ft2)
Tribeca | Condo | 6 beds, 7.5 baths | 5,003 ft2
Tribeca | Condo | 6 beds, 7.5 baths | 5,003 ft2
All images of 70 Vestry Street via Corcoran
From the listing:
Residence 11N is a riverfront four to six-bedroom home of 5,003 square feet with an additional 149 square feet of outdoor living space. The home has exposures over the Hudson River, to the south, north and west. The expansive corner living room with fireplace exceeds 700 square feet and features open river views. Interiors feature a windowed eat-in-kitchen that opens onto a separate family room. The kitchen boasts custom oak paneling, Bardiglio Luco marble counters with Calacatta Milano marble accents, Miele appliances including two dishwashers, and Sub-Zero wine storage. The spacious primary bedroom suite features a dressing room, two walk-in-closets and dual en suite primary bathrooms. Double doors off the primary bedroom lead to the private terrace.
Residence 11N is a riverfront four to six-bedroom home of 5,003 square feet with an additional 149 square feet of outdoor living space. The home has exposures over the Hudson River, to the south, north and west. The expansive corner living room with fireplace exceeds 700 square feet and features open river views. Interiors feature a windowed eat-in-kitchen that opens onto a separate family room. The kitchen boasts custom oak paneling, Bardiglio Luco marble counters with Calacatta Milano marble accents, Miele appliances including two dishwashers, and Sub-Zero wine storage. The spacious primary bedroom suite features a dressing room, two walk-in-closets and dual en suite primary bathrooms. Double doors off the primary bedroom lead to the private terrace.
1 Available Listing for $12.9M
2. 215 Chrystie Street, #PH-1 – $18,000,000 ($4,186 / ft2)
Lower East Side | Condo | 3 beds, 4.5 baths | 4,300 ft2
Lower East Side | Condo | 3 beds, 4.5 baths | 4,300 ft2
215 Chrystie Street via CityRealty
2 Available Listings from $6.6M
3. The Woolworth Tower Residences, 2 Park Place, #29B – $13,500,000 ($2,920 / ft2)
Tribeca | Condo | 3 beds, 4 baths | 4,623 ft2
Tribeca | Condo | 3 beds, 4 baths | 4,623 ft2
Interiors via Corcoran
From the listing:
Pavilion B (also known as Apartment 29B) on the 29th floor of The Woolworth Tower Residences is a one-of-a-kind luxurious loft-style, 3-bedroom, 3 ½-bathroom home with home office mezzanine, private outdoor terrace and roof deck high atop downtown Manhattan. With breathtaking New York City views and fabulous private outdoor oases, this 4,623-square-foot home’s combination of luxuries cannot be matched. The flawless design maximizes natural light and scale with soaring ceilings that reach up to 22 feet, a vast 47-foot open entertaining expanse, solid oak floors, six skylights and an abundance of windows that expose spectacular city, World Trade Center and River views. There is over 1,200 square feet of outdoor space with an expansive 51-foot terrace and roof deck made private by the beautiful restored landmark terra cotta detailing and offering breathtaking bird’s eye views of the city.
Pavilion B (also known as Apartment 29B) on the 29th floor of The Woolworth Tower Residences is a one-of-a-kind luxurious loft-style, 3-bedroom, 3 ½-bathroom home with home office mezzanine, private outdoor terrace and roof deck high atop downtown Manhattan. With breathtaking New York City views and fabulous private outdoor oases, this 4,623-square-foot home’s combination of luxuries cannot be matched. The flawless design maximizes natural light and scale with soaring ceilings that reach up to 22 feet, a vast 47-foot open entertaining expanse, solid oak floors, six skylights and an abundance of windows that expose spectacular city, World Trade Center and River views. There is over 1,200 square feet of outdoor space with an expansive 51-foot terrace and roof deck made private by the beautiful restored landmark terra cotta detailing and offering breathtaking bird’s eye views of the city.
3 Available Listings from $5.65M
4. 24 Leonard Street, #PHE – $11,228,250 ($3,462 / ft2)
Tribeca | Condo | 3 beds, 3.5 baths | 3,243 ft2
Tribeca | Condo | 3 beds, 3.5 baths | 3,243 ft2
24 Leonard Street via CityRealty
2 Available Listings from $15.8M
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5. The Greenwich Lane, 160 West 12th Street, #74 – $10,300,000 ($3,499 / ft2)
Greenwich Village | Condo | 3 beds, 3.5 baths | 2,944 ft2
Greenwich Village | Condo | 3 beds, 3.5 baths | 2,944 ft2
All images of The Greenwich Lane via Brown Harris Stevens
From the listing:
This graciously-proportioned apartment seamlessly combines pre-war elegance with sophisticated design and innovative new construction throughout the approximately 2,944 square feet of magnificently finished indoor space, plus approximately 586 square feet of serene outdoor space throughout the two private terraces. Features of this magnificent home include oversized windows, beamed ceilings, stained hardwood floors, Lutron lighting, an eat-in chef's kitchen with Sub-Zero, Wolf, and Miele appliances, wiring for automatic shades along the Southern windows, and a laundry room. This apartment also affords a large, SUV-sized parking space, and an approximately 45-square-foot storage unit.
This graciously-proportioned apartment seamlessly combines pre-war elegance with sophisticated design and innovative new construction throughout the approximately 2,944 square feet of magnificently finished indoor space, plus approximately 586 square feet of serene outdoor space throughout the two private terraces. Features of this magnificent home include oversized windows, beamed ceilings, stained hardwood floors, Lutron lighting, an eat-in chef's kitchen with Sub-Zero, Wolf, and Miele appliances, wiring for automatic shades along the Southern windows, and a laundry room. This apartment also affords a large, SUV-sized parking space, and an approximately 45-square-foot storage unit.
4 Available Listings from $2.35M
Top Contracts
All images of 12 East 69th Street via Brown Harris Stevens
From the listing:
The original architect of this mansion, William Bosworth, includes among his most famous designs those for Kykuit, the famed Rockefeller family estate in Westchester County. Under the auspices of John D. Rockefeller, Jr., Bosworth was commissioned to restore the Palace of Versailles, France, which influenced the owners of 12 East 69th Street, as seen in the scale of the rooms throughout. With six levels, it encompasses over 20,000 interior square feet including the 3400-square-foot basement with windows in the front and rear, and approximately 2,650 exterior feet on the roof terrace from which there are excellent views north and south as well as of Central Park.
The original architect of this mansion, William Bosworth, includes among his most famous designs those for Kykuit, the famed Rockefeller family estate in Westchester County. Under the auspices of John D. Rockefeller, Jr., Bosworth was commissioned to restore the Palace of Versailles, France, which influenced the owners of 12 East 69th Street, as seen in the scale of the rooms throughout. With six levels, it encompasses over 20,000 interior square feet including the 3400-square-foot basement with windows in the front and rear, and approximately 2,650 exterior feet on the roof terrace from which there are excellent views north and south as well as of Central Park.
15 Central Park West via Zeckendorf Development
Interiors via Brown Harris Stevens
From the listing:
The penthouse offers serene privacy and sits atop the "House" at Robert A. M. Stern's world renowned 15 Central Park West, the limestone new classical masterpiece known for its prestige, impeccable location, and timeless design. The classical floor plan carries on the traditions of the great apartment houses of yesteryear, with its suite of grandly proportioned public rooms and private floor of elegant bedroom suites. With exposures on three sides (East, South and West), Penthouse 18-19A is a 5,902-square-foot duplex with an additional 1,071 square feet of outdoor living space throughout two park facing terraces, including one that wraps around nearly the entire 18th floor.
The apartment has an internal private elevator, a gas fireplace, individually zoned central ac/heat, custom closets plus motorized shades and awnings. Also included with the purchase of PH18/19A is a studio apartment/service suite in the Tower (with its own kitchenette, closet and bath), a wine cellar and two storage units.
The penthouse offers serene privacy and sits atop the "House" at Robert A. M. Stern's world renowned 15 Central Park West, the limestone new classical masterpiece known for its prestige, impeccable location, and timeless design. The classical floor plan carries on the traditions of the great apartment houses of yesteryear, with its suite of grandly proportioned public rooms and private floor of elegant bedroom suites. With exposures on three sides (East, South and West), Penthouse 18-19A is a 5,902-square-foot duplex with an additional 1,071 square feet of outdoor living space throughout two park facing terraces, including one that wraps around nearly the entire 18th floor.
The apartment has an internal private elevator, a gas fireplace, individually zoned central ac/heat, custom closets plus motorized shades and awnings. Also included with the purchase of PH18/19A is a studio apartment/service suite in the Tower (with its own kitchenette, closet and bath), a wine cellar and two storage units.
11 Available Listings from $4.5M
220 Central Park South via Vornado Realty Trust
Interiors via Nest Seekers
From the listing:
Upon entering, you will immediately understand 220 Central Park South is the most coveted and significant masterpiece condominium New York has today. Residence 55B is no exception; perched high above the city with sweeping, grand and iconic views to the north of Central Park and to the direct east and west offering views of the Hudson and beyond. 55B is a half floor corner three-bedroom, three-bathroom, one powder room, with private laundry room, private service entrance and private storage room. With dramatic and uncompromising scale of 11' ceilings, over 3,200 square feet, over 36 feet of runway Central Park views from the grand salon, the perfect gallery entrance, voluminous bedrooms, chef's kitchen, timeless profiles throughout, solid core oak doors, chevron oak flooring and enormous windows, all create the perfect canvas of bespoke, timeless architectural elements paired with contemporary finishes with every square inch executed in the highest and finest level of craftsmanship. Thierry Despont has masterfully brought the romance of a perfect luxurious Residence to life while sitting beautifully along Central Park. Discover. Adore. Acquire.
Upon entering, you will immediately understand 220 Central Park South is the most coveted and significant masterpiece condominium New York has today. Residence 55B is no exception; perched high above the city with sweeping, grand and iconic views to the north of Central Park and to the direct east and west offering views of the Hudson and beyond. 55B is a half floor corner three-bedroom, three-bathroom, one powder room, with private laundry room, private service entrance and private storage room. With dramatic and uncompromising scale of 11' ceilings, over 3,200 square feet, over 36 feet of runway Central Park views from the grand salon, the perfect gallery entrance, voluminous bedrooms, chef's kitchen, timeless profiles throughout, solid core oak doors, chevron oak flooring and enormous windows, all create the perfect canvas of bespoke, timeless architectural elements paired with contemporary finishes with every square inch executed in the highest and finest level of craftsmanship. Thierry Despont has masterfully brought the romance of a perfect luxurious Residence to life while sitting beautifully along Central Park. Discover. Adore. Acquire.
1 Available Listing for $24.9M
All images of 1010 Park Avenue via Corcoran
From the listing:
This full floor unit has 4 bedrooms and 4.5 bathrooms encompassing 3,882 square feet. The condo has an expansive living room, chef's eat-in kitchen with an adjoining formal dining room, and generous proportions throughout. With one apartment per floor, an elevator opens directly into the home's beautifully-designed private landing encased in custom wood paneling. 1010 Park has only 11 full-floor and duplex condominium residences. Amenities include a doorman, fitness center and pool.
This full floor unit has 4 bedrooms and 4.5 bathrooms encompassing 3,882 square feet. The condo has an expansive living room, chef's eat-in kitchen with an adjoining formal dining room, and generous proportions throughout. With one apartment per floor, an elevator opens directly into the home's beautifully-designed private landing encased in custom wood paneling. 1010 Park has only 11 full-floor and duplex condominium residences. Amenities include a doorman, fitness center and pool.
3 Available Listings from $12.4M
All images of 520 Park Avenue via Douglas Elliman
From the listing:
In the heart of the Upper Eastside in arguably the most coveted new building to have been built, this 4 bedroom/5.5 bath residence is simply breathtaking. For those desiring open city views, beautiful natural light, a gracious layout, and a brand new building - this 4,613-square-foot full-floor simplex residence is unequaled.
With open city and Park Avenue views framed by the Queensboro Bridge - the picturesque views are quite splendid. Complementing the views, the apartment features ceiling heights of 11 feet, and a masterfully executed layout by world renowned architect Robert A.M. Stern. The light-filled entertaining space, with its south-facing living room, dining room and eat-in kitchen creates a gracious flow and voluminous rooms. The open kitchen features custom cabinetry from Christopher Peacock and an appliance package from Sub-Zero, Miele and Wolf. The north-facing bedrooms are private and intimate. The en suite spa-like bathrooms are elegant and understated.
In the heart of the Upper Eastside in arguably the most coveted new building to have been built, this 4 bedroom/5.5 bath residence is simply breathtaking. For those desiring open city views, beautiful natural light, a gracious layout, and a brand new building - this 4,613-square-foot full-floor simplex residence is unequaled.
With open city and Park Avenue views framed by the Queensboro Bridge - the picturesque views are quite splendid. Complementing the views, the apartment features ceiling heights of 11 feet, and a masterfully executed layout by world renowned architect Robert A.M. Stern. The light-filled entertaining space, with its south-facing living room, dining room and eat-in kitchen creates a gracious flow and voluminous rooms. The open kitchen features custom cabinetry from Christopher Peacock and an appliance package from Sub-Zero, Miele and Wolf. The north-facing bedrooms are private and intimate. The en suite spa-like bathrooms are elegant and understated.
3 Available Listings from $20.5M
Would you like to tour any of these properties?
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Or call us at (212) 755-5544
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