Park Avenue had several of the top sales this past week. The penthouse at The Keller also closed over ask.
Manhattan Sales:
- For the week ending May 17, 2024, $409,481,951 worth of transactions across 224 condo, condop, and cooperative deals were recorded
- 100 condo sales came to an aggregate price of $229,385,626
- 10 condop sales came to an aggregate price of $21,310,275
- 114 co-op sales came to an aggregate price of $158,786,050
In this article:
In the early days of New York City, beautifully designed buildings on Park Avenue were instrumental in luring New York's wealthiest out of their mansions and into apartment buildings. Nearly 100 years later, luxury buyers continue to be drawn to Park Avenue -- listings here accounted for three of Manhattan's top sales with a unit in a Rosario Candela-designed cooperative leading the charge. However, while the Park Avenue buildings put up some of the week's highest sales numbers, they all came in below ask.
778 Park Avenue comprises 18 full-floor apartments, and the ninth floor had the week's highest sale at $17,500,000. The closing comes approximately eight months after the sellers, former American Express CEO James Robinson and his wife, BlackRock executive Linda Robinson, put it on the market for $25,000,000. It entered contract shortly after a price reduction, and the couple has ultimately taken a small loss on it, having paid $17.7 million for it in an off-market deal in 2000.
Nevertheless, the Robinsons' former home had the top sale by a comfortable margin: It was trailed by Residence #84A at the Rafael Vinoly-designed supertall 432 Park Avenue, which closed for $13,500,000 -- good enough for the highest condo sale, but coming in $1.5 million below the last asking price. The seller, identified only through a trust, has also taken a loss on it -- public records indicate that they bought it from the sponsor for $21,389,503 in August 2016.
Further up Park Avenue, duplex residence #7I/8I at 1185 Park Avenue closed for $8,500,000. This was high enough for the fourth-highest sale of the week, but reflects a nearly 15% reduction from the last asking price of $9.95 million. Both the buyer and seller were identified through trusts.
Further up Park Avenue, duplex residence #7I/8I at 1185 Park Avenue closed for $8,500,000. This was high enough for the fourth-highest sale of the week, but reflects a nearly 15% reduction from the last asking price of $9.95 million. Both the buyer and seller were identified through trusts.
Penthouse at The Keller, where closings have recently commenced (Compass)
The highest-priced sale off Park Avenue and top Downtown sale was Residence #WEST24A at One High Line, which sold for $9,300,000 -- down slightly from the $9.53 million asking price when it entered contract in January 2024, but nevertheless good enough for the third-highest closing of the week.
Also Downtown, closings have commenced at The Keller, the residential conversion of the Knickerbocker Hotel on the West Village waterfront dating back to the late nineteenth century. The four closings from last week came to a total of $13,524,129 and included Penthouse #B, which closed for $7,342,765 in a price slightly above ask and high enough for the fifth-highest of the week. The building is nearly 65% sold, and remaining public availabilities start at $2,350,000.
The Keller, #PHB (Compass)
From the Listing:
Introducing Residence PHB, a 1,888-square-foot, 3-bed, 3-bath condominium featuring three sweeping exposures – north, west, and south – with direct water views overlooking the Hudson River and Park, and a spectacular 863-square-foot private outdoor terrace. Each residence at The Keller offers 7” wide custom-stained European White Oak flooring, quarter-cut walnut-clad entry doors, and high-efficiency central heating and cooling. The penthouse’s bespoke kitchen features custom cabinetry with quarter-cut walnut finish and matte lacquer finish on ribbed panels, complemented by honed White Macaubas slab countertops and backsplash.
Introducing Residence PHB, a 1,888-square-foot, 3-bed, 3-bath condominium featuring three sweeping exposures – north, west, and south – with direct water views overlooking the Hudson River and Park, and a spectacular 863-square-foot private outdoor terrace. Each residence at The Keller offers 7” wide custom-stained European White Oak flooring, quarter-cut walnut-clad entry doors, and high-efficiency central heating and cooling. The penthouse’s bespoke kitchen features custom cabinetry with quarter-cut walnut finish and matte lacquer finish on ribbed panels, complemented by honed White Macaubas slab countertops and backsplash.
4 Available Listings for Sale from $2,350,000
1185 Park Avenue, #7I/8I (Douglas Elliman)
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From the Listing:
Meticulously designed, this residence seamlessly blends classic elegance with modern luxury, creating a haven of comfort and style. Upon entering the top floor, a grand gallery welcomes you, leading to the expansive 28’ living room adorned with a fireplace and fabulous open city views that bathe the space in natural light. The southeast end hosts a spacious dining room, perfect for soirées or embracing contemporary everyday living. Adjacent is the chef’s eat-in windowed kitchen, the heart of the home, featuring top-of-the-line appliances, including a 6-burner Wolf gas range, double wall oven, full-size wine refrigerator, built-in Miele coffee system, 2 dishwashers, a banquette for casual dining, and an island with counter seating. Convenience is paramount, with a powder room on this floor.
Meticulously designed, this residence seamlessly blends classic elegance with modern luxury, creating a haven of comfort and style. Upon entering the top floor, a grand gallery welcomes you, leading to the expansive 28’ living room adorned with a fireplace and fabulous open city views that bathe the space in natural light. The southeast end hosts a spacious dining room, perfect for soirées or embracing contemporary everyday living. Adjacent is the chef’s eat-in windowed kitchen, the heart of the home, featuring top-of-the-line appliances, including a 6-burner Wolf gas range, double wall oven, full-size wine refrigerator, built-in Miele coffee system, 2 dishwashers, a banquette for casual dining, and an island with counter seating. Convenience is paramount, with a powder room on this floor.
3 Available Listings for Sale from $2,750,000
One High Line, #WEST24A (Corcoran Group)
From the Listing:
West 24A at One High Line is a 2,530-square-foot three-bedroom and three-and-a-half-bathroom corner residence curated by Gabellini Sheppard Associates. This remarkable home features southern downtown city views and western exposure overlooking the Hudson River and receiving an abundance of natural light throughout the day. Residence 24A home boasts a generous great room and open kitchen custom designed by Bulthaup, complete with White Princess Quartzite countertops and backsplash, a robust Gaggenau appliance package and stainless-steel fixtures by CEA Design. The west-facing primary suite, complete with floor-to-ceiling windows, welcomes natural light throughout the day and striking sunsets at dusk.
West 24A at One High Line is a 2,530-square-foot three-bedroom and three-and-a-half-bathroom corner residence curated by Gabellini Sheppard Associates. This remarkable home features southern downtown city views and western exposure overlooking the Hudson River and receiving an abundance of natural light throughout the day. Residence 24A home boasts a generous great room and open kitchen custom designed by Bulthaup, complete with White Princess Quartzite countertops and backsplash, a robust Gaggenau appliance package and stainless-steel fixtures by CEA Design. The west-facing primary suite, complete with floor-to-ceiling windows, welcomes natural light throughout the day and striking sunsets at dusk.
432 Park Avenue, #84A (Sotheby's International Realty)
778 Park Avenue
778 Park Avenue, #9FL (Sotheby's International Realty)
From the Listing:
One of the finest residences in all of New York City, encompassing the entire 9th Floor, this bespoke cooperative apartment is located in the prestigious Rosario Candela-designed 778 Park Avenue. With nearly 100 feet of Park Avenue-facing frontage, this full-floor home spans over 6,500 Square Feet and is defined by 16 voluminous rooms, 6 ensuite bedrooms, 7 full bathrooms and 2 half bathrooms. Natural light streams through 42 oversized sound-proof windows allowing for open views from all four exposures. Architectural elements including three wood-burning fireplaces, soaring 11-foot ceilings, beautifully crafted custom moldings and inlaid custom hardwood floors.
One of the finest residences in all of New York City, encompassing the entire 9th Floor, this bespoke cooperative apartment is located in the prestigious Rosario Candela-designed 778 Park Avenue. With nearly 100 feet of Park Avenue-facing frontage, this full-floor home spans over 6,500 Square Feet and is defined by 16 voluminous rooms, 6 ensuite bedrooms, 7 full bathrooms and 2 half bathrooms. Natural light streams through 42 oversized sound-proof windows allowing for open views from all four exposures. Architectural elements including three wood-burning fireplaces, soaring 11-foot ceilings, beautifully crafted custom moldings and inlaid custom hardwood floors.
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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