Manhattan's luxury market saw 29 contracts signed at $4 million and above last week, according to Olshan's market report.
432 Park Avenue came out on top with a combination of two resale units, 71A and 71B, priced at $68.5 million. The full-floor residence, which spans a generous 8,000 square feet and features 360-degree views of the city, was just bought by a pair of LLCs in 2016 for $59.84 million.
Earlier this month, The Real Deal reported that in the last six months, 13 resales at the supertall have hit the market – nearly triple the number of sponsor units. And according to CityRealty data, 432 Park had 10 resale listings on the market as of mid-march – more than any other new development condo building. Of course, there are many factors at play here, but rising inventory on Billionaires’ Row and uncertainty about the luxury market may be why buyers are cashing out early.
Check out the top five listings that went into contract this past week below.
432 Park Avenue came out on top with a combination of two resale units, 71A and 71B, priced at $68.5 million. The full-floor residence, which spans a generous 8,000 square feet and features 360-degree views of the city, was just bought by a pair of LLCs in 2016 for $59.84 million.
Earlier this month, The Real Deal reported that in the last six months, 13 resales at the supertall have hit the market – nearly triple the number of sponsor units. And according to CityRealty data, 432 Park had 10 resale listings on the market as of mid-march – more than any other new development condo building. Of course, there are many factors at play here, but rising inventory on Billionaires’ Row and uncertainty about the luxury market may be why buyers are cashing out early.
Check out the top five listings that went into contract this past week below.
In this article:
6+ beds, 6+ baths
| 8,038 ft2
This full-floor opportunity spans just over 8,000 square feet offering 360 degree views of Manhattan and beyond from 432 Park signature 10ft square windows. Combine 71A and 71B and live at the ideal height, clearing all surrounding structures while maintaining the feeling of being grounded. Read more →
11 Available Listings from $5.95M
4 beds, 3 baths
| 4,900 ft2
This stunning triplex penthouse apartment is located at the top of the South Tower of The Majestic on Central Park West. The views are panoramic in scope and staggering in scale. Gut renovated by SLR Design with interiors designed by Victoria Hagan, this home is a symphony of high-end finishes and materials.
Read more →
4 Available Listings from $2.695M
3 beds, 4.5 baths
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This mint condition, sun-drenched twelve into eleven room apartment is located on the highest floors of one of Park Avenue's most admired cooperatives. Renovated by the present owner and architect Andrew Franz, this home has expansive city views, grand and elegant proportions and exceptionally high ceilings. Entered from a private landing, the well-proportioned living space includes a gracious entry gallery flanked by a generous dining room and South-facing side by side living room and library with a sliding wall between. Read more →
1 Available Listing for $7.25M
3 beds, 3 baths
| 2,416 ft2
Set high amidst one of the tallest residential buildings on the Upper Westside, residence 67C of the South Tower at 25 Columbus Circle offers over 52 feet of direct Central Park frontage and unequaled views of the Manhattan skyline. With a bird's eye view of the Fifth Avenue skyline, One World Trade, Hudson River and other key landmarked buildings; the picturesque views are unsurpassed. Read more →
4 Available Listings from $4.35M
4 beds, 4.5 baths
| 3,693 ft2
443 Greenwich’s original grand and historic, landmarked facade has been meticulously restored and its interiors transformed by CetraRuddy Architects. 443 Greenwich, in Tribeca, offers an unparalleled combination of space, luxury finish, location, and privacy. With 45 loft-style homes ranging from 2,900 SF to 4,250 SF, and 8 penthouses ranging from 5,000 SF to 9,300 SF, 443 Greenwich offers 2, 3 and 4 bedrooms surrounding an idyllic, 4,000 SF landscaped courtyard designed by noted landscape architect, Hank White. Read more →
7 Available Listings from $8.2M
See the full list at Olshan Realty Inc. →
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?
Content Specialist
Sandra Herrera
Sandra Herrera is a writer, editor, and graphic designer based in Brooklyn, NY.
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