Shark Tank's Robert Herjavec sold his apartment at One57 for a hefty profit
Manhattan Sales:
- For the week ending July 19, 2024, $508,556,924 worth of transactions across 235 condo, condop, and cooperative deals were recorded
- 115 condo sales came to an aggregate price of $333,210,581
- Eight condop sales came to an aggregate price of $14,700,000
- 112 co-op sales came to an aggregate price of $159,971,343
In this article:
For many years, the Upper East Side was widely considered the echelon of New York society, and this stretch continues to attract the city's wealthiest. But what the supertalls lining Billionaires' Row lack in rich history, they make up for with panoramic views and luxurious amenity packages. If the top five sales of the week ending July 19, 2024 is anything to go on, it is still anyone's guess which will prevail among luxury buyers: Two of the highest-priced sales took place on Billionaires' Row, and two more took place on upper Fifth Avenue.
The top sale by a comfortable margin took place at One57, an early standard-bearer for Billionaires' Row. The full-floor Residence #86 closed for $38,800,000, or just above the last asking price. The Wall Street Journal identified the seller as investor/Shark Tank regular Robert Herjavec. The closing comes almost exactly three years after Mr. Herjavec bought the apartment for $31.9 million in July 2021 and at a time when he is spending more time on the West Coast. Information was not available on the buyer, but it was noted that the sale came about after a bidding war and includes furniture.
Down the street, the full-floor Residence #65 at 111 West 57th Street closed for an even $17,000,000. The sale comes in $2.5 million below the asking price when it entered contract in May 2024, and well below the initial listing price of $29.25 million, but it was nevertheless good enough for the week's third-highest sale. Its lofty vantage point allows for expansive city views, and interiors feature direct elevator entry, soaring ceilings, grand proportions, and top-of-the-line finishes and fixtures. The sale of this Tower Residence in the super-skinny tower comes the week following the closing of the sale of a Landmark Residence in the building's Steinway Hall component to the Canadian consulate.
Further east on Billionaires' Row, Residence #37B at 432 Park Avenue sold for $11,293,071, or just short of the week's top five sales. Crain's New York Business notes that this three-bedroom unit was one of the final developer-owned units at the Rafael Vinoly-designed supertall. Public records identify the buyer as real estate lender Michael Ostad and his wife Alonna Ostad.
944 Fifth Avenue, #6 (Compass); Barbara Walters ( Rubenstein - Barbara Walters and Sir Howard StringerUploaded by Tabercil, CC BY 2.0, https://commons.wikimedia.org/w/index.php?curid=115287531)
But for all the glitz and glamour of Billionaires' Row condos, prestigious Fifth Avenue cooperatives have not been forgotten. The top co-op sale and second-highest overall was for the penthouse at the Emery Roth-designed 993 Fifth Avenue, which closed for $17,230,000. The Real Deal identified the buyer as former Burger King CEO Daniel Schwartz, pointing out that in his new capacity as co-managing partner at investment firm 3G, he plans to spend more time at their New York office. The seller is listed as real estate developer David Feinberg.
Down the street at 944 Fifth Avenue, the sixth floor closed for $14,999,900 in the week's second-highest co-op sale and fourth-highest overall. The estate of pioneering journalist Barbara Walters listed the apartment for $19.75 million in April 2023; it entered contract a few months later, around the same time as a Bonhams auction of Ms. Walters' belongings, but returned to the market for $16.995 million in January 2024.
Public records list the buyer only as a trust, but The Real Deal identified them as former Disney president Michael Ovitz and his partner, Jimmy Choo co-founder Tamara Mellon. The purchase comes a few weeks after Mr. Ovitz sold his apartment in The Greenwich Lane in early July 2024. Ms. Mellon was also a past resident of The Greenwich Lane, but sold her property in December 2019.
Public records list the buyer only as a trust, but The Real Deal identified them as former Disney president Michael Ovitz and his partner, Jimmy Choo co-founder Tamara Mellon. The purchase comes a few weeks after Mr. Ovitz sold his apartment in The Greenwich Lane in early July 2024. Ms. Mellon was also a past resident of The Greenwich Lane, but sold her property in December 2019.
10 Madison Square West, #11D, top Downtown sale (Compas)
The top sale that took place somewhere besides Billionaires' Row and upper Fifth Avenue was also the top Downtown sale and fifth-highest of the week: Residence #11D at 10 Madison Square West closed for $12,500,000, the same asking price as when it entered contract in April 2024. Public records indicate that seller Lee Pollock has earned a small profit on it, having bought it from the sponsor for $11,964,438 in June 2016. The buyer was identified only through a trust.
Further downtown, Penthouse #2 at 199 Chrystie Street closed for an even $9,000,000. While the result of multiple price cuts and more than 50% below the $20.5 million listed in the offering plan, it was nevertheless one of the highest-priced sales to take place on the Lower East Side in years. Crain's New York Business notes that despite their close ties to cryptocurrency, buyers, Chris Paik and his wife, Keeley Paik, paid for the penthouse in conventional dollars.
10 Madison Square West, #11D (Compass)
From the Listing:
Impressively set above Madison Square Park, Residence 11D is a remarkable home in the prestigious 10 Madison Square West, which was meticulously conceived by world-renowned designer Alan Wanzenberg. This expansive four-bedroom, four-and-a-half-bathroom condominium spans 3,309 square feet and offers the epitome of high-end luxury and elegance. Ideal for art collectors, a spacious entry gallery leads to the grand living room, providing floor-to-ceiling breathtaking views of Madison Square Park and a mix of historic and modern buildings.
Impressively set above Madison Square Park, Residence 11D is a remarkable home in the prestigious 10 Madison Square West, which was meticulously conceived by world-renowned designer Alan Wanzenberg. This expansive four-bedroom, four-and-a-half-bathroom condominium spans 3,309 square feet and offers the epitome of high-end luxury and elegance. Ideal for art collectors, a spacious entry gallery leads to the grand living room, providing floor-to-ceiling breathtaking views of Madison Square Park and a mix of historic and modern buildings.
944 Fifth Avenue (CityRealty)
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944 Fifth Avenue, #6FL (Compass)
From the Listing:
There is such a special feeling in this wonderful full floor apartment on Fifth Avenue and 75th Street, the most coveted and beloved location on The Upper East Side. The scale of the entrance gallery and rooms, the views to Central Park at just the perfect height, and the knowledge that so many wonderful dinner parties and meetings have happened in this chic residence make this a most unique residence. The living room, with a wood burning fireplace and ceilings over 10 feet, stretches along Fifth Avenue with three big picture windows framing the Park views. The room is generous enough for multiple seating areas as well as a baby grand piano. Graceful, wide openings between the living room, dining room and charming library create wonderfully connected entertaining rooms all with Central Park exposures.
There is such a special feeling in this wonderful full floor apartment on Fifth Avenue and 75th Street, the most coveted and beloved location on The Upper East Side. The scale of the entrance gallery and rooms, the views to Central Park at just the perfect height, and the knowledge that so many wonderful dinner parties and meetings have happened in this chic residence make this a most unique residence. The living room, with a wood burning fireplace and ceilings over 10 feet, stretches along Fifth Avenue with three big picture windows framing the Park views. The room is generous enough for multiple seating areas as well as a baby grand piano. Graceful, wide openings between the living room, dining room and charming library create wonderfully connected entertaining rooms all with Central Park exposures.
2 Available Listings for Sale from $22,000,000
111 West 57th Street (David Sandberg)
111 West 57th Street, #65 (Corcoran Group)
From the Listing:
Live in a modern masterpiece, perfectly centered on Central Park and New York City. Direct elevator entry leads into a sprawling full-floor, three-bedroom, three-and-a-half-bathroom residence that encompasses 3,873 square feet of space on the 65th floor of 111 West 57th Street. Dramatic double doors lead into the expansive 50-foot great room highlighted by ceiling heights up to 14 feet, intricately patterned floors in custom smoke-gray solid oak, and floor-to-ceiling windows through which to enjoy the views. The impressively designed open kitchen features views of Central Park, custom cabinetry in a light hand-rubbed finish, stepped crystallo white quartzite countertops and backsplash, and full suite of Gaggenau appliances.
Live in a modern masterpiece, perfectly centered on Central Park and New York City. Direct elevator entry leads into a sprawling full-floor, three-bedroom, three-and-a-half-bathroom residence that encompasses 3,873 square feet of space on the 65th floor of 111 West 57th Street. Dramatic double doors lead into the expansive 50-foot great room highlighted by ceiling heights up to 14 feet, intricately patterned floors in custom smoke-gray solid oak, and floor-to-ceiling windows through which to enjoy the views. The impressively designed open kitchen features views of Central Park, custom cabinetry in a light hand-rubbed finish, stepped crystallo white quartzite countertops and backsplash, and full suite of Gaggenau appliances.
993 Fifth Avenue (CityRealty)
993 Fifth Avenue, #PH (Serhant LLC)
From the Listing:
This one-of-a-kind Emery Roth-designed full floor penthouse duplex co-op is a dream come true for those who value sophistication and culture. Spread across 4 bedrooms and 4.5 bathrooms totaling more than 5,000 square feet of regal interior space plus several park-facing sun terraces, this august residence offers true indoor-outdoor city living. Elegant original details like marble wood-burning fireplaces, herringbone hardwood floors, and intricate crown moldings complement modern upgrades like new oversized casement windows and a high-end central A/C system.
This one-of-a-kind Emery Roth-designed full floor penthouse duplex co-op is a dream come true for those who value sophistication and culture. Spread across 4 bedrooms and 4.5 bathrooms totaling more than 5,000 square feet of regal interior space plus several park-facing sun terraces, this august residence offers true indoor-outdoor city living. Elegant original details like marble wood-burning fireplaces, herringbone hardwood floors, and intricate crown moldings complement modern upgrades like new oversized casement windows and a high-end central A/C system.
1 Available Listing for Sale for $17,500,000
One57, #86 (Compass)
From the Listing:
Immerse yourself in the epitome of luxury living with this spectacular full-floor residence at One57, boasting 360-degree panoramic vistas of the iconic Central Park, the East and Hudson Rivers, and both the Upper and Lower Manhattan skylines. Spanning approximately 6,250 square feet, this remarkable abode offers a lifestyle of unparalleled sophistication and elegance.
As you step into the private landing via a key-locked elevator, you’re greeted by a 26-foot-wide grand foyer with two separate entrances, offering a tantalizing glimpse of the magnificence that lies beyond. Designed by Thomas Juul-Hansen and meticulously appointed by an internationally renowned interior designer, this space is adorned with the finest finishes. From beautiful textured walls crafted by expert artisans to impeccable Venetian plaster ceilings and elegant herringbone Brazilian wood floors, every detail speaks to the superior craftsmanship and unwavering attention to detail.
Immerse yourself in the epitome of luxury living with this spectacular full-floor residence at One57, boasting 360-degree panoramic vistas of the iconic Central Park, the East and Hudson Rivers, and both the Upper and Lower Manhattan skylines. Spanning approximately 6,250 square feet, this remarkable abode offers a lifestyle of unparalleled sophistication and elegance.
As you step into the private landing via a key-locked elevator, you’re greeted by a 26-foot-wide grand foyer with two separate entrances, offering a tantalizing glimpse of the magnificence that lies beyond. Designed by Thomas Juul-Hansen and meticulously appointed by an internationally renowned interior designer, this space is adorned with the finest finishes. From beautiful textured walls crafted by expert artisans to impeccable Venetian plaster ceilings and elegant herringbone Brazilian wood floors, every detail speaks to the superior craftsmanship and unwavering attention to detail.
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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