A significant decrease from the prior week's 37 luxury contract signings, last week saw just 25 signed at $4 million and above, according to Olshan's weekly market report.
The top signing was Canadian billionaire Lawrence Stroll’s 85th-floor condominium at Extell's One57. The pricy pad, which spans over 6,000 square feet with three beds and four-and-a-half baths, went into contract for $59 million, down from the $70 million it was asking when it was first listed in October. Stroll, known for his role in Michael Kors' successful IPO in 2011, purchased the unit in December 2014 for $55.6 million. As of 2018, Stroll's net worth is an estimated $2.7 billion, putting him at #887 on Forbes' World's Billionaires list.
And while the $59 million contract is certainly uber pricy, it won't go on to break any sales records in the neighborhood nor the building, where Michael Dell bought a $100.5 million penthouse in 2014 (the most expensive home sold in NYC). However, $59 million does go a long way downtown, where a unit in The Getty was reportedly just sold for that amount, smashing the record for the priciest home sold in the area. The record was previously held by a $51 million penthouse in Walker Tower.
The top signing was Canadian billionaire Lawrence Stroll’s 85th-floor condominium at Extell's One57. The pricy pad, which spans over 6,000 square feet with three beds and four-and-a-half baths, went into contract for $59 million, down from the $70 million it was asking when it was first listed in October. Stroll, known for his role in Michael Kors' successful IPO in 2011, purchased the unit in December 2014 for $55.6 million. As of 2018, Stroll's net worth is an estimated $2.7 billion, putting him at #887 on Forbes' World's Billionaires list.
And while the $59 million contract is certainly uber pricy, it won't go on to break any sales records in the neighborhood nor the building, where Michael Dell bought a $100.5 million penthouse in 2014 (the most expensive home sold in NYC). However, $59 million does go a long way downtown, where a unit in The Getty was reportedly just sold for that amount, smashing the record for the priciest home sold in the area. The record was previously held by a $51 million penthouse in Walker Tower.
Last Week's Top 5 In-Contract Condos:
In this article:
3 beds, 4.5 baths
| 6,240 square feet
A full floor triple mint residence in the Tower of the iconic One57 Condominium has undergone a complete renovation of the highest caliber. Completed in 2016, this sprawling 6,240 sq ft masterpiece with 360 degree views of the entire Manhattan skyline, Central Park, the East and Hudson Rivers, Statue of Liberty and beyond. Read more →
12 Available Listings from $3.395M
3 beds, 3.5 baths
This magnificent full floor residence is situated on the 12th floor of one of Manhattan's most distinguished prewar white-glove cooperatives, located immediately off Fifth Avenue on East 79th Street.
Meticulously renovated by the distinguished award-winning architect John B. Murray, this sundrenched home boasts grand scale entertainment rooms, three bedrooms, three and a half bathrooms, a study, and a separate staff area. The mint-condition, full-floor apartment has two ornate wood-burning fireplaces. Read more →
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4 beds, 4.5 baths
| 3,246 square feet
This is a 4 bedroom, 4.5 bathroom with 3,246 square feet. 90 Morton is a boutique 28-unit luxury new condo building. From floor-to-ceiling, the building's interiors have been finished with exquisite surfaces, customized fenestration, the purest interior air quality, and state-of-the-art appliances.Amenities include 24-hour concierge, attended lobby, covered driveway for dropoff and pickup, cold storage, residents library, children's playroom, 64-foot indoor pool, fitness center with a spa featuring saunas and private changing rooms, and a rooftop terrace, equipped for outdoor cooking.
6 Available Listings from $5.3M
3 beds, 3.5 baths
| 3,250 square feet
Flooded with light, this rare nine room residence at a premiere Fifth Avenue building in Carnegie Hill boasts 60 running feet of stunning Central Park views from four gracious main rooms.A large foyer opens to the main rooms that flow from one to another like a loft in the sky, with the sparkling reservoir as a backdrop: a living room with wood burning fireplace, a grand formal dining room, a gracious library, as well as the en-suite master bedroom. Two additional bedrooms have en-suite bathrooms, and sunny, unobstructed panoramic eastern exposures. The huge windowed chef's kitchen is adjoined by a large breakfast room/family room and a laundry room. Read more →
4 beds, 3 baths
| 2,727 square feet
This 3BR/3.5BA duplex Penthouse soars above the central private garden of The Greenwich Lane and features a private terrace off the Master Suite with views of the iconic buildings of Midtown, Greenwich Village, and the Downtown Skyline. Interiors are lofty and light-filled with floor-to-ceiling windows, high ceilings, refined solid oak hardwood floors, windowed chefs kitchen with eating area, and open eastern views. A rich walnut wood entry door with Nanz hardware leads into the 15th-floor entrance level, which includes a living/dining room, eat-in kitchen, two bedrooms with marble en-suite baths, and a powder room with marble mosaic floor. Read more →
5 Available Listings from $1.325M
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?
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Sandra Herrera
Sandra Herrera is a writer, editor, and graphic designer based in Brooklyn, NY.
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