Election Week Boom: Over a half-billion in Manhattan contracts include Perry Ellis' townhouse and four deals at 108 Leonard

By CityRealty Staff | From Great Listings Monday, November 11, 2024

Walker Tower, #19C was among Manhattan's the top contracts of the week. (Compass)

With the uncertainty of Election Day now behind us, Americans are feeling renewed confidence in the economy. The University of Michigan's Consumer Sentiment Index climbed to a seven-month high, and the think-tank's expectations index, which measures economic optimism for the next six months surged across all measures, reaching its highest reading since July 2021. This positive sentiment is also reflected among New York City homebuyers: in the first full week of November 2024, Manhattan contract signings increased by 28% over the previous week, marking one of the busiest weeks of the year so far.

Kirsten Jordan, a top agent at Douglas Elliman, explains, "Regardless of political views, the buyers who were held back by election uncertainty – not prices, not mortgage rates – are jumping back into the market. They got the answer to their biggest question and now they’re making moves. Last week was remarkably busy and if that continues through November, we could be headed into a very strong first quarter."

November 4-10, 2024 was a good time for Downtown sales, with four homes landing among the top ten. The week's highest-priced contract was for Penthouse B at Greenwich House, which was asking $15,995,000. This gut-renovated penthouse is a garage turned luxury condominium, with four bedrooms, four full baths, a private roof terrace, and a large skylight that fills the living space with natural light.

11 Bank Street (Douglas Elliman)

A short distance away, 11 Bank Street had the week's top townhouse contract and second-highest ask at an even $15,000,000, down $6 million from the original $21 million ask at the beginning of the year. In the 1920s, author John Dos Passos had a room in the house while working on his acclaimed novel Manhattan Transfer. Another famous, albeit unofficial resident was said to be the ghost of Elizabeth Bullock, a largely benign presence whose ashes were discovered in a top-floor ceiling in the 1950s (h/t Ephemeral New York). It is not clear whether the unidentified buyer knew about the house's history, nor their plans for the property: The Greek Revival townhouse is currently divided into four rentals, but could be converted to a single-family mansion.

108 Leonard in TriBeCa saw four sponsor units signed last week

Also of note Downtown, a total of $21,810,000 in contracts were signed across four units at 108 Leonard Street last week. The two- to four-bedroom homes in the Renaissance Revival-style New York City landmark, developed by Elad Group and The Peebles Corporation feature refined interiors by Jeffrey Beers, grand proportions, custom kitchens, and stylish primary suites; additionally, Salon Penthouse #14B (asking $6,495,000) is distinguished unit with soaring ceilings, magnificent arched windows, and a marble fireplace in the Great Room..

Elyse Leff, Vice President of Marketing & Sales at Elad Group says, “2024 has brought steady sales to 108 Leonard, with last week being especially active. Buyers are eager to secure their home in Tribeca’s most distinguished landmark condominium, and with nearly 90% of the units now sold, only a few opportunities remain.”

Living room with arched windows and fireplace

108 Leonard Street, #14B (Douglas Elliman)

Beyond the Village, classic Upper West Side elegance prevailed among luxury buyers: Such homes accounted for four of the week's ten highest prices, and 11 Bank Street was closely trailed by 37 West 70th Street, which was asking $13,500,000. In 1982, nearly 100 years after the Renaissance Revival-style townhouse was built, fashion designer Perry Ellis purchased the house and embarked on an extensive renovation that included salvaged bathroom fixtures from London's Savoy Hotel and new French doors on the parlor level. In 1987, Rolling Stone founders Jann and Jane Wenner bought the house from Mr. Ellis' estate and embarked on further renovations.

37 West 70th Street, Upper West Side townhouse

37 West 70th Street, #TH (Compass)

Jane Wenner bought Jann out in 2010, the year before their divorce, and sold the townhouse for $16.35 million in summer 2015 (h/t The Real Deal and public records). The house has changed hands since then, with the current seller's identity unknown (as well as the buyer's), but they stand to take a loss, having paid $14.5 million for it in July 2021.

Moreover, the first week of November 2024 saw many deals in buildings on or near the waterfront. Four contracts were signed at The Huron (hot on the heels of a record-breaking deal), three at The Solaire, three at One Manhattan Square, two at Cannon Point South, and two at The Sweeney Building. The buildings range from a LEED Gold-certified condop to a prestigious prewar cooperative, from a converted loft building to glistening new construction, but one thing they all have in common is tranquil river views from beautifully appointed homes.

Sweeney Building, #PHB (Compass)

Views of the East River and Manhattan skyline from Sweeney Building, #PHB (Compass)

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#10 (tie). 1010 Fifth Avenue, #11B
Last Ask: $6,995,000

Carnegie Hill | Cooperative | 4 Bedrooms, 4 Baths

1010 Fifth Avenue, #11B (Douglas Elliman Real Estate)

From the Listing: Don't miss this rare opportunity to own an iconic residence with breathtaking views of Central Park and the Metropolitan Museum of Art. The west-facing living room and dining area not only capture stunning sunsets but also frame unobstructed views of the park and The Met. The expansive living room, complete with a wood-burning marble fireplace, is the perfect setting for hosting gatherings of up to 75 guests, while the elegant dining room is ideal for intimate dinners. The spacious windowed kitchen boasts custom cabinetry, marble countertops, and high-end appliances. Two large private storage bins transfer with the sale, providing extra convenience. See full details here.

1010 Fifth Avenue has 3 public availabilities from $10,700,000.

#10 (tie). 33 East 70th Street, #11B
Last Ask: $6,995,000

Park/Fifth Ave. to 79th St. | Cooperative | 4 Bedrooms, 4 Baths | 3,400 ft²

33 East 70th Street, #11B (Reserve Partners)

From the Listing: Park views and timeless elegance grace this expansive pre-war residence, located in a prestigious limestone building at 30 East 71st Street on Manhattan's Upper East Side. Boasting approximately 3,400 square feet, this exceptional home offers three to four bedrooms, four bathrooms, and a captivating blend of grand entertaining spaces and serene private quarters. A semi-private landing welcomes you into a gracious gallery, adorned with exquisite millwork, tile inlay floors, and soaring ceiling heights. Sunlight streams through oversized windows in the expansive living room, where a wood-burning fireplace invites cozy gatherings and captivating views of Central Park and the Midtown skyline unfold. See full details here.

33 East 70th Street has 2 public availabilities from $4,950,000.

#9. 432 Park Avenue, #38C
Last Ask: $7,695,000 (-10%)

Midtown East | Condominium | 2 Bedrooms, 3 Baths | 2,100 ft²

432 Park Avenue, #38C (Engel & Volkers New York Real Estate LLC)

From the Listing: This 2,100-square-foot two-bedroom two-and-a-half-bathroom home features soaring 12’-6” ceilings and 10’ × 10’ windows providing abundant light and dynamic views of Central Park and the city skyline through western and southern exposures. A gracious entry gallery leads to a large corner living and dining room perfect for entertaining. The windowed eat-in kitchen is outfitted with white lacquer and natural oak cabinetry, marble counters and floors, a large island, and marble breakfast bar with Central Park views. See full details here.

432 Park Avenue has 12 public availabilities from $11,750,000.

#8 (tie). 101 Central Park West, #16/17A
Last Ask: $7,995,000 (-8.6%)

Central Park West | Cooperative | 4 Bedrooms, 5 Baths

101 Central Park West, #16/17A (Sothebys International Realty)

From the Listing: An expansive light-filled aerie, Apartment 16/17A is a dramatic, 3,825 square foot terraced duplex perched high atop one of Central Park West’s preeminent prewar cooperatives. Boasting rare dual exposures from 6 primary rooms, its location within the Central Park West Historic District protects the abundant sunlight and oblique views of Central Park and the New York City skyline. The generously proportioned reception rooms are distinguished by their superb scale and are adjacent to two terraces. See full details here.

101 Central Park West has 2 public availabilities from $5,700,000.

#8 (tie). 5 Monroe Place, #TH
Last Ask: $7,995,000

Brooklyn Heights | Townhouse | 6+ Bedrooms, 4.5 Baths

5 Monroe Place, #TH (Corcoran Group)

From the Listing: For the first time in 61 years, 5 Monroe Place is offered for sale and stands as one of Brooklyn Heights' most beautiful residences, nestled into the heart of the community of its most sought-after "Place" blocks - providing a charming aesthetic with minimal street traffic. In a market dominated by properties that were built by others for others at exorbitant prices, 5 Monroe Place offers a compelling and budget-friendly chance to create your ideal home, customized to your unique tastes and needs. See floor plan and full details here.

#8 (tie). 98 Sixth Avenue, #TH
Last Ask: $7,995,000

Park Slope | Townhouse | 6+ Bedrooms, 6+ Baths

98 Sixth Avenue, #TH (Brown Harris Stevens Residential Sales LLC)

From the Listing: Indulge in luxurious living at 98 6th Avenue, a palatial Park Slope corner mansion featuring a fully restored facade, four garages, private elevator, and breathtaking views of the tree-lined neighborhood and city beyond from its two rooftop decks. This meticulously designed home is perfect for seamless entertaining, boasting a state-of-the-art parlor floor kitchen that opens to the roof deck above the garage through a floor-to-ceiling Nanawall. From the custom wall paneling that greets you at the entry stairs to the rec-room anchoring the home, every detail exudes sophistication. See full details here.

#7. Walker Tower, #19C
Last Ask: $8,000,000

Chelsea | Condominium | 2 Bedrooms, 2.5 Baths | 2,270 ft²

Walker Tower, #19C (Compass)

From the Listing: Discover the perfect blend of modern luxury and pre-war charm in this exceptional Chelsea corner apartment. The condo's soaring ceilings range from 9’8" to 10’4". Enjoy stunning western, northern, and eastern vistas of the Midtown skyline, Empire State Building, and Midtown Hudson River through expansive floor-to-ceiling casement windows with motorized shades. The advanced Crestron home automation system allows for seamless smartphone control of central A/C, humidification, audio/visual, and lighting. See full details here.

Walker Tower has 1 public availability asking $4,950,000.

#6. The Greenwich Lane, #78
Last Ask: $8,250,000 (-2.9%)

Greenwich Village | Condominium | 3 Bedrooms, 3.5 Baths | 2,449 ft²

The Greenwich Lane, #78 (Compass)

From the Listing: Nestled within the prestigious Greenwich Lane condominium, this exquisite West-facing three-bedroom, three-and-a-half-bathroom corner residence boasts approximately 2,449 square feet of living space. Crafted by the esteemed interior designer Thomas O’Brien, the interiors showcase a seamless blend of luxury and sophistication. The corner living room with expansive western views overlooks the neighboring St. Vincent's Triangle Park and the quaint townhouses of the West Village. See full details here.

The Greenwich Lane has 1 public availability asking $6,750,000.

#5. The Henry, #7C
Last Ask: $9,300,000

Broadway Corridor | Condominium | 5 Bedrooms, 5.5 Baths | 3,409 ft²

The Henry, #7C (Compass)

From the Listing: Residence 7C at The Henry is a graciously proportioned five-bedroom apartment facing south onto beautiful, tree-lined 84th Street. A graceful entrance foyer leads to a loft-like living room with a generously proportioned, open kitchen. The bedrooms each have their own ensuite bath and generous closets and are situated enfilade, making their use flexible. One bedroom could easily be a library, and another could be incorporated to create a primary suite. There is a full-sized laundry room with a sink, as well as a charming powder room. See full details here.

The Henry has 8 public availabilities from $5,385,000.

#4. 200 Amsterdam, #39B
Last Ask: $9,495,000

Lincoln Center | Condominium | 3 Bedrooms, 3.5 Baths | 2,453 ft²

200 Amsterdam, #39B (Serhant)

From the Listing: Welcome to this extraordinary 3-bedroom, 3.5-bathroom residence spanning the entire width of 200 Amsterdam, a neighborhood-defining residential icon crafted for the most discerning lifestyles at the nexus of Lincoln Center and Central Park. A graceful foyer with White Ice marble floors ushers residents into a striking open-plan living room, dining room, and kitchen. Natural light pours through floor-to-ceiling high performance windows with Low-E coating, accentuating French white oak floors and soaring ceilings. See full details here.

200 Amsterdam Avenue has 9 public availabilities from $3,100,000.

#3. 37 West 70th Street, #TH
Last Ask: $13,500,000 (-3.6%)

Central Park West | Townhouse | 6+ Bedrooms, 4.5 Baths | 7,045 ft²

37 West 70th Street, #TH (Compass)

From the Listing: 37 West 70th Street is a distinguished 20’ wide single family brownstone, rich in well-preserved historic detail, a half block west of Central Park. Imbued with a timeless allure and outfitted with modern amenities, this residence stands as a testament to enduring elegance and impeccable craftsmanship. Many original elements of this home remain untouched beyond restoration, including much of the wood paneling/ wainscotting, inlaid parquet floors, plantation shutters, and the timeless stained glass skylight above the stairwell. Contemporary upgrades have included updating the electric throughout, installing central air and implementing a modern video alarm system (among others). See full details here.

#2. 11 Bank Street, #TH
Last Ask: $15,000,000 (-28.6%)

West Village | Townhouse | 6+ Bedrooms, 5 Baths | 5,855 ft²

11 Bank Street, #TH (Douglas Elliman Real Estate)

From the Listing: Located on the most desirable tree lined street in the West Village, this magnificent 24-foot-wide five-story Greek Revival townhouse offers everything one dreams of in a Village house: Celebrated West Village location and one of a long row of houses set back from the street, elegant scale, exquisite and gracious rooms that are dappled in sunlight, original historic detail, and a large garden which overlooks neighboring gardens in all directions. Behind this 1845 historic facade awaits a five story, 5800+ square foot, four-family house with free market rentals that has been lovingly cared for and well maintained with extensive upgrades made in 2020. See full details here.

#1. Greenwich House, #PHB
Last Ask: $15,995,000

West Village | Cooperative | 4 Bedrooms, 4 Baths | 4,163 ft²

Greenwich House, #PHB (Sothebys International Realty)

From the Listing: Located high atop the most coveted cobblestoned block in the West Village, this mint duplex penthouse with private outdoor space, views and two parking spaces is the rarest of offerings. Purchased in 2016 for $15m, this property underwent a near gut renovation/reconfiguration, transforming it into luxurious 4-bedroom home (easily convertible to 5) with every modern convenience. Entering on the 6th floor, you are met with two ample coat closets which create a gracious entry foyer. The skylit living room flows seamlessly to dining and kitchen. See full details here.

Greenwich House has no public availabilities.

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#10 (tie). 1010 Fifth Avenue, #11B
Last Ask: $6,995,000

1010 Fifth Avenue has 3 public availabilities from $10,700,000.

#10 (tie). 33 East 70th Street, #11B
Last Ask: $6,995,000

33 East 70th Street has 2 public availabilities from $4,950,000.

#9. 432 Park Avenue, #38C
Last Ask: $7,695,000 (-10%)

432 Park Avenue has 12 public availabilities from $11,750,000.

#8 (tie). 101 Central Park West, #16/17A
Last Ask: $7,995,000 (-8.6%)

101 Central Park West has 2 public availabilities from $5,700,000.

#8 (tie). 5 Monroe Place, #TH
Last Ask: $7,995,000

#8 (tie). 98 Sixth Avenue, #TH
Last Ask: $7,995,000

#7. Walker Tower, #19C
Last Ask: $8,000,000

Walker Tower has 1 public availability asking $4,950,000.

#6. The Greenwich Lane, #78
Last Ask: $8,250,000 (-2.9%)

The Greenwich Lane has 1 public availability asking $6,750,000.

#5. The Henry, #7C
Last Ask: $9,300,000

The Henry has 8 public availabilities from $5,385,000.

#4. 200 Amsterdam, #39B
Last Ask: $9,495,000

200 Amsterdam Avenue has 9 public availabilities from $3,100,000.

#3. 37 West 70th Street, #TH
Last Ask: $13,500,000 (-3.6%)

#2. 11 Bank Street, #TH
Last Ask: $15,000,000 (-28.6%)

#1. Greenwich House, #PHB
Last Ask: $15,995,000

Greenwich House has no public availabilities.

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