The Greenwich Lane, home of the past week's top sale (CityRealty)
Manhattan Sales:
- For the week ending July 6, 2024, $234,653,215 worth of transactions across 131 condo, condop, and cooperative deals were recorded
- 60 condo sales came to an aggregate price of $154,121,644
- Seven condop sales came to an aggregate price of $8,585,000
- 64 co-op sales came to an aggregate price of $71,946,571
In this article:
After the dizzyingly high sales that closed out June 2024, including a $117.4 million penthouse and the year's highest co-op sale to date, almost anything would have come across as a comedown. The week ending July 6, 2024 seemed especially subdued by comparison, a $23,500,000 sale notwithstanding, but it is important to remember that the July 4 holiday fell during this time. This abbreviated the business week and led to the city recording fewer sales by default.
The $23,500,000 sale was for Residence #14A in The Greenwich Lane, the condo conversion of the former St. Vincent's Hospital. Creative Arts Agency co-founder and former Disney president Michael Ovitz bought the four-bedroom home from rock star Jon Bon Jovi in an all-cash deal for $22 million in June 2022, and sought to flip it less than six months later. Mr. Ovitz conducted the transaction through an LLC, as did the buyer.
While the Greenwich Lane apartment came in slightly under the $25 million Mr. Ovitz originally sought in November 2022 (he reduced it to the closing price in April 2023), it nevertheless came to more than the next three top sales combined. The second-highest sale took place at 67 Vestry Street, a warehouse building turned luxury condominium. Residence #7S closed for $9,400,000. While slightly below the last listing price of $9,995,000, the result of a price reduction, the seller nevertheless makes a profit, having bought it from the sponsor for $8,002,500 in May 2023. They were identified only through an LLC, as was the buyer.
Baccarat Hotel & Residences lounge
In a wave of super-luxe new condo hotel residences and dazzling new Midtown West towers (including 53 West 53 up the street), some of Baccarat Hotel & Residences' thunder has been stolen in recent years. But last week, it had the third-highest sale when Residence #36A closed for an even $7,000,000. Public records show that the seller, listed as an LLC, has taken a deep loss, having bought it for $9,673,375 in November 2015. The buyer, identified only through a trust, will enjoy access to the hotel's dedicated staff and amenities like a glass-enclosed fitness center, an indoor pool, Spa De La Mer, and the offerings of Michelin-starred culinary director Gabriel Kreuther in the hotel's restaurants as well as in their home.
It was closely trailed by Residence #711 at The Belnord, which closed for $6,850,000. Public records indicate that the seller, identified only through an LLC, has taken a small loss on it, having bought it from the sponsor for $7,158,350 in February 2020. The buyer, too, was identified through an LLC, and the sale came in shortly after lifestyle entrepreneur Martha Stewart and her daughter, media personality Alexis Stewart, bought an apartment in the building.
Residence #4A at The Westbury, an Upper East Side hotel turned luxury condominium, nipped at its heels with a closing price of $6,750,000 in what appears to have been an off-market transaction. Acris records indicate that a storage unit was included in the sale; additional building amenities include 24-hour doorman/concierge service, a state-of-the-art fitness center, and wine storage.
The Westbury
The Belnord, #711 (Corcoran Group)
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From the Listing:
This high floor, extraordinary 3,129-square-foot, four-bedroom, four and a half-bathroom residence features north and south exposures through massive over-sized windows, with 10-foot ceilings and elegant white oak floors. The apartment enjoys a semi-private landing and has been meticulously reimagined for modern living with multiple zones of central air conditioning. The enormous eat-in kitchen features Calacatta Gold marble countertops and backsplash, with cerused oak custom cabinetry. State-of-the-art Gaggenau appliances and a 45-bottle Sub-Zero wine refrigerator are further complemented by a kitchen banquette with storage. The expansive primary suite features sunny courtyard views, multiple walk-in-closets, and a windowed, spa-like primary bathroom, richly appointed in Siberian white marble with radiant heated floors.
This high floor, extraordinary 3,129-square-foot, four-bedroom, four and a half-bathroom residence features north and south exposures through massive over-sized windows, with 10-foot ceilings and elegant white oak floors. The apartment enjoys a semi-private landing and has been meticulously reimagined for modern living with multiple zones of central air conditioning. The enormous eat-in kitchen features Calacatta Gold marble countertops and backsplash, with cerused oak custom cabinetry. State-of-the-art Gaggenau appliances and a 45-bottle Sub-Zero wine refrigerator are further complemented by a kitchen banquette with storage. The expansive primary suite features sunny courtyard views, multiple walk-in-closets, and a windowed, spa-like primary bathroom, richly appointed in Siberian white marble with radiant heated floors.
3 Available Listings for Sale from $7,950,000
Baccarat Hotel & Residences, #36A (Mercer Partners International LLC)
From the Listing:
Upon walking into this magnificent home, immediately feel the calm serenity! It has amazing energy, open air flowing between rooms and breathtaking views from every angle. This property which makes a peaceful home will truly leave you speechless. 36A artfully weaves design and detail with the Manhattan skyline seen via floor-to-ceiling windows. Wide-plank white oak floors pave the residence with a gleaming, custom mahogany stain and its grandeur emphasized by the nearly 11-foot ceilings that soar through the massive living room and bedrooms. The luminous kitchen shines with two-tone nickel cabinetry, starkly contrasted by the white-slab marble countertops and cool, glass backsplash. Miele and Sub-Zero appliances are included, along with an LG washer and dryer.
Upon walking into this magnificent home, immediately feel the calm serenity! It has amazing energy, open air flowing between rooms and breathtaking views from every angle. This property which makes a peaceful home will truly leave you speechless. 36A artfully weaves design and detail with the Manhattan skyline seen via floor-to-ceiling windows. Wide-plank white oak floors pave the residence with a gleaming, custom mahogany stain and its grandeur emphasized by the nearly 11-foot ceilings that soar through the massive living room and bedrooms. The luminous kitchen shines with two-tone nickel cabinetry, starkly contrasted by the white-slab marble countertops and cool, glass backsplash. Miele and Sub-Zero appliances are included, along with an LG washer and dryer.
67 Vestry Street
From the Listing:
This exquisite half-floor loft is the highest 3-bedroom in the building, and offers an unparalleled living experience with unobstructed water views. The living-dining space is adorned with new Albertini windows overlooking the Hudson River. The chef's kitchen is outfitted with brushed oak millwork, LaCanche range from France, and additional Miele appliances. Deeded storage included in the sale.
This exquisite half-floor loft is the highest 3-bedroom in the building, and offers an unparalleled living experience with unobstructed water views. The living-dining space is adorned with new Albertini windows overlooking the Hudson River. The chef's kitchen is outfitted with brushed oak millwork, LaCanche range from France, and additional Miele appliances. Deeded storage included in the sale.
1 Available Listing for Sale for $50,000,000
The Greenwich Lane (Douglas Elliman)
From the Listing:
Residence 14A, spanning nearly 4,000 square feet with four-bedrooms and three-and-one-half bathrooms, is an opportunity not to be missed. This stunning home is accessed through a private elevator. The gracious entrance gallery flows directly to the enormous, light-flooded great room. The exterior walls in every room are floor-to-ceiling glass. Along the south wall of the great room, three sets of glass doors open onto Juliette balconies, inviting fresh air to fill the space. Dark stained oak hardwood flooring is found throughout. The eat-in kitchen features top of the line Sub-Zero, Wolf, and Miele appliances with custom walnut cabinetry. A quiet balcony is situated in the transitional space between the kitchen and the living room. The primary suite occupies its own wing of the residence.
Residence 14A, spanning nearly 4,000 square feet with four-bedrooms and three-and-one-half bathrooms, is an opportunity not to be missed. This stunning home is accessed through a private elevator. The gracious entrance gallery flows directly to the enormous, light-flooded great room. The exterior walls in every room are floor-to-ceiling glass. Along the south wall of the great room, three sets of glass doors open onto Juliette balconies, inviting fresh air to fill the space. Dark stained oak hardwood flooring is found throughout. The eat-in kitchen features top of the line Sub-Zero, Wolf, and Miele appliances with custom walnut cabinetry. A quiet balcony is situated in the transitional space between the kitchen and the living room. The primary suite occupies its own wing of the residence.
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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