Massimo Ferragamo and 655 Park Avenue
Even with Passover and Easter, over 230 Manhattan apartment sales were recorded, aggregating to $388.3 million, from March 28-April 3. The 103 recorded condo sales came to a median price of $1.42 million. The 123 co-op sales came to a median price of $800K.
March 2021 saw the highest volume of apartment transactions since June 2019, when the impending mansion tax lit a fire under buyers, sellers, and brokers. The New York Times observed that part of this particular buying boom is driven by developers offering deep discounts, not to mention perks like free parking or interior design credits, to attract attention and sell units in their buildings.
March 2021 saw the highest volume of apartment transactions since June 2019, when the impending mansion tax lit a fire under buyers, sellers, and brokers. The New York Times observed that part of this particular buying boom is driven by developers offering deep discounts, not to mention perks like free parking or interior design credits, to attract attention and sell units in their buildings.
15 Central Park West via Corcoran
In this article:
Leading the charge was a Park Avenue duplex owned by Massimo Ferragamo, the youngest son of fashion designer Salvatore Ferragamo. The apartment, which is located in a prewar J.E.R. Carpenter-designed cooperative about a mile north of the Fifth Avenue Ferragamo flagship, closed for $11 million, or 14.1% lower than the last listing price of $12.8 million when it entered contract last summer.
Mr. Ferragamo was not the only bold-faced name among last week's sales: A condo at 15 Central Park West sold by the estate of Robby Browne, power broker and philanthropist, sold for $4.4 million almost exactly a year since his death from COVID-19. Mr. Browne liked to buy apartments in buildings he believed in; his penthouse in The Greenwich Lane entered contract last summer.
Mr. Ferragamo was not the only bold-faced name among last week's sales: A condo at 15 Central Park West sold by the estate of Robby Browne, power broker and philanthropist, sold for $4.4 million almost exactly a year since his death from COVID-19. Mr. Browne liked to buy apartments in buildings he believed in; his penthouse in The Greenwich Lane entered contract last summer.
Duane Park Lofts via Douglas Elliman
From March 29-April 4, 2021, a total of 34 Manhattan contracts priced at $4 million and up were signed. This shows a drop from last week's high of 47 contracts, but Olshan Realty's market report attributes this to the market slowdown typically seen during the Passover-Easter holiday week. The number of contracts nevertheless stayed over 30, though, and came to an aggregate total of $270,087,000.
The top contract of the past week was a duplex penthouse at Duane Park Lofts asking $17.5 million. Information was not available on the buyer or seller.
The second-highest contract was an Upper East Side townhouse dating back to the early 20th century and fully renovated by design power couple architect Peter Pennoyer and interior designer Katie Ridder. The asking price of $15.25 million is reduced from the $16.5 million it was listed for in July, but nevertheless higher than the $10.4 million the sellers paid for it in 2011.
The top contract of the past week was a duplex penthouse at Duane Park Lofts asking $17.5 million. Information was not available on the buyer or seller.
The second-highest contract was an Upper East Side townhouse dating back to the early 20th century and fully renovated by design power couple architect Peter Pennoyer and interior designer Katie Ridder. The asking price of $15.25 million is reduced from the $16.5 million it was listed for in July, but nevertheless higher than the $10.4 million the sellers paid for it in 2011.
Top Sales
1. 655 Park Avenue, #8/9B – $11,000,000 ($1,897 / ft2)
Midtown West | Condo | 7 beds, 7 baths | 5,800 ft2
Midtown West | Condo | 7 beds, 7 baths | 5,800 ft2
All images of 655 Park Avenue via Douglas Elliman
From the listing:
A magnificent duplex in one of Park Avenue's most distinguished and revered co-op buildings. 655 Park Avenue's Apt. 8/9B opens a door on the grace and glamour of a past era while exemplifying the best of contemporary living. A private peaceful secure home with outstanding views and glorious light; 8/9B has a classic floor-plan unfolding from a private vestibule which leads into a spacious gallery-like hall. The beautifully proportioned living, dining, sitting, family rooms and a wood paneled library-combine to make this the perfect home for entertaining; while a beautifully appointed kitchen offers top-of-the-line appliances and cabinetry as well as a roomy breakfast nook. A charming bright semi-circular sunroom and sheltered veranda lead outward onto a magical 3,000-square-foot massive rooftop terrace.
A magnificent duplex in one of Park Avenue's most distinguished and revered co-op buildings. 655 Park Avenue's Apt. 8/9B opens a door on the grace and glamour of a past era while exemplifying the best of contemporary living. A private peaceful secure home with outstanding views and glorious light; 8/9B has a classic floor-plan unfolding from a private vestibule which leads into a spacious gallery-like hall. The beautifully proportioned living, dining, sitting, family rooms and a wood paneled library-combine to make this the perfect home for entertaining; while a beautifully appointed kitchen offers top-of-the-line appliances and cabinetry as well as a roomy breakfast nook. A charming bright semi-circular sunroom and sheltered veranda lead outward onto a magical 3,000-square-foot massive rooftop terrace.
1 Available Listing for $4.5M
2. 200E21, 200 East 21st Street, #PH – $10,800,000 ($2,844 / ft2)
Gramercy | Condo | 4 beds, 4.5 baths | 3,797 ft2
Gramercy | Condo | 4 beds, 4.5 baths | 3,797 ft2
All images of 200E21 via Douglas Elliman
From the listing:
The Penthouse at 200E21 is incredibly impressive – providing a stunning full-floor 3,800-square-foot, 4-bedroom 4.5-bath residence, and over 1,700-square-foot private rooftop paradise on the 21st floor. With beautiful open city views, large living and entertaining spaces, the Penthouse also provides plenty of private space for families and their guests to relax and recharge. Sunlight streams in from oversized high-performance bronze windows. An additional private terrace off of the primary bedroom looks south and east and is a wonderful place to start or end your day.
The massive living area features incredible views West from Gramercy Park to Hudson Yards and North with several iconic landmarks in clear view. The luxurious Poliform Italian kitchen designed by Champalimaud, features sleek oak cabinetry finished in a smoked oil stain with an oversized entertaining island and fully integrated Miele luxury appliances including a 7' high wine refrigerator that accommodates over 100 bottles of wine, 48" refrigerator, three ovens and built-in espresso bar.
The Penthouse at 200E21 is incredibly impressive – providing a stunning full-floor 3,800-square-foot, 4-bedroom 4.5-bath residence, and over 1,700-square-foot private rooftop paradise on the 21st floor. With beautiful open city views, large living and entertaining spaces, the Penthouse also provides plenty of private space for families and their guests to relax and recharge. Sunlight streams in from oversized high-performance bronze windows. An additional private terrace off of the primary bedroom looks south and east and is a wonderful place to start or end your day.
The massive living area features incredible views West from Gramercy Park to Hudson Yards and North with several iconic landmarks in clear view. The luxurious Poliform Italian kitchen designed by Champalimaud, features sleek oak cabinetry finished in a smoked oil stain with an oversized entertaining island and fully integrated Miele luxury appliances including a 7' high wine refrigerator that accommodates over 100 bottles of wine, 48" refrigerator, three ovens and built-in espresso bar.
2 Available Listings from $1.7M
All images of 172 Madison via Triplemint
From the listing:
The Mansion at 172 Madison Avenue is arguably the most unique and impressive luxury residence offered in Manhattan. The wow factor begins the moment you step off the elevator to your private landing complete with stunning marble floors. As you move into the living room, you will be blown away by the 18' ceilings, the floor to ceiling wrap around windows, the beautiful white oak floors, and the expansive open layout, all overlooking your private swimming pool and terrace.
The open kitchen features top of the line Miele appliances and sleek white cabinetry. There is an integrated Marvin wine cooler and Miele custom overlay refrigerator and dishwasher, along with a vented cooking range. This is beautifully finished with a Luce De Luna quartz counter.
The Mansion at 172 Madison Avenue is arguably the most unique and impressive luxury residence offered in Manhattan. The wow factor begins the moment you step off the elevator to your private landing complete with stunning marble floors. As you move into the living room, you will be blown away by the 18' ceilings, the floor to ceiling wrap around windows, the beautiful white oak floors, and the expansive open layout, all overlooking your private swimming pool and terrace.
The open kitchen features top of the line Miele appliances and sleek white cabinetry. There is an integrated Marvin wine cooler and Miele custom overlay refrigerator and dishwasher, along with a vented cooking range. This is beautifully finished with a Luce De Luna quartz counter.
2 Available Listings from $2.39M
All images of 75 Grand Street via Compass
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From the listing:
Bathed in natural sunlight from 16 enormous windows, this 4,200-square-foot residence is guaranteed to elevate your senses with grand-scaled rooms, soaring ceilings, and iconic views of the surrounding facades, ornate cornices, and romantic water towers that define the very spirit and essence of Soho! From the moment you step off the key-locked elevator, you know you've arrived somewhere special.
14' ceilings, elegant ionic columns and cinematic New York City views of world famous cast-iron facades. Light pours into the grand living space which features 50'+ feet of original cast-iron windows. Both formal and intimate entertaining is easy from the open chefs kitchen featuring an impressive Calacatta marble island and thick marble countertops, a deep farmers sink, a 6-burner Wolf stove and hood, Sub Zero refrigerator and separate Sub Zero freezer; all enclosed in sleek modern cabinetry.
Bathed in natural sunlight from 16 enormous windows, this 4,200-square-foot residence is guaranteed to elevate your senses with grand-scaled rooms, soaring ceilings, and iconic views of the surrounding facades, ornate cornices, and romantic water towers that define the very spirit and essence of Soho! From the moment you step off the key-locked elevator, you know you've arrived somewhere special.
14' ceilings, elegant ionic columns and cinematic New York City views of world famous cast-iron facades. Light pours into the grand living space which features 50'+ feet of original cast-iron windows. Both formal and intimate entertaining is easy from the open chefs kitchen featuring an impressive Calacatta marble island and thick marble countertops, a deep farmers sink, a 6-burner Wolf stove and hood, Sub Zero refrigerator and separate Sub Zero freezer; all enclosed in sleek modern cabinetry.
1 Available Listing for $3.75M
5. 111 Leroy Street, #6 – $7,500,000 ($2,226 / ft2)
West Village | Condo | 4 beds, 4.5 baths | 3,370 ft2
West Village | Condo | 4 beds, 4.5 baths | 3,370 ft2
111 Leroy Street via Douglas Elliman
From the listing:
Comprising the entire sixth floor, this 3,370-square-foot, 4-bedroom, 4.5-bathroom residence enters from a keyed elevator to a private vestibule, an appropriately gracious arrival to the exceptional home beyond, abounding with bespoke details and supreme craftsmanship in an entirely custom design by the esteemed Workshop/APD. Through the commanding blackened metal entry door, a formal cove-lit foyer segues to the massive 28' x 23'3 great room with ceilings up to approximately 14', where striking proportions and a serene yet distinguished palette of finishes foster an elegant, warm, loft-like sensibility, and floor-to-ceiling windows bathe the space in southern and western light. The adjoining windowed chef's kitchen features rich book-matched walnut millwork with blackened metal trim, honed Statuary marble countertops and waterfall island, Flos blackened steel track lights, and top appliances by Sub-Zero, Wolf, and Miele, including a 36-inch integrated refrigerator/freezer, 36-inch 5-burner gas cooktop, 30-inch wall oven, 30-inch steam oven, 30-inch microwave oven/warming drawer, integrated coffee maker and integrated dishwasher.
Comprising the entire sixth floor, this 3,370-square-foot, 4-bedroom, 4.5-bathroom residence enters from a keyed elevator to a private vestibule, an appropriately gracious arrival to the exceptional home beyond, abounding with bespoke details and supreme craftsmanship in an entirely custom design by the esteemed Workshop/APD. Through the commanding blackened metal entry door, a formal cove-lit foyer segues to the massive 28' x 23'3 great room with ceilings up to approximately 14', where striking proportions and a serene yet distinguished palette of finishes foster an elegant, warm, loft-like sensibility, and floor-to-ceiling windows bathe the space in southern and western light. The adjoining windowed chef's kitchen features rich book-matched walnut millwork with blackened metal trim, honed Statuary marble countertops and waterfall island, Flos blackened steel track lights, and top appliances by Sub-Zero, Wolf, and Miele, including a 36-inch integrated refrigerator/freezer, 36-inch 5-burner gas cooktop, 30-inch wall oven, 30-inch steam oven, 30-inch microwave oven/warming drawer, integrated coffee maker and integrated dishwasher.
1 Available Listing for $6.45M
Top Contracts
All images of Duane Park Lofts via Douglas Elliman
From the listing:
Straight from the pages of Elle Decor is this five bedroom, four and a half bath penthouse condominium with enormous private roof deck, open views, stunning light and a twenty-four doorman. Enter into the great room through a forty foot entry gallery and take in the impressive scale while feeling a true sense of warmth and quality in the recently completed renovation of this elegant home. Soaring over the neighboring landmarked architecture, the spectacular corner living room has wonderful open views and is wrapped in light throughout the day from its southwest exposures and large windows.
Host dinner parties for twelve in your south-facing open dining area adjacent to the masterpiece kitchen. They say that kitchens are the heart of the home and this is no exception. Its expert design is evident from all angles from the endless marble counters, center island, stainless steel appliances including Sub-Zero side-by-side fridge and freezer, 48" Wolf range with grill and griddle, kitchen-aid dishwasher to custom cabinets, with endless storage. Continue on to the butler's pantry, where you can quickly clean up from parties thanks to the Fischer & Paykal dual drawer dishwashers. This is where wine connoisseurs will be at home as we enter the 1,000-bottle climate-controlled wine cellar.
Straight from the pages of Elle Decor is this five bedroom, four and a half bath penthouse condominium with enormous private roof deck, open views, stunning light and a twenty-four doorman. Enter into the great room through a forty foot entry gallery and take in the impressive scale while feeling a true sense of warmth and quality in the recently completed renovation of this elegant home. Soaring over the neighboring landmarked architecture, the spectacular corner living room has wonderful open views and is wrapped in light throughout the day from its southwest exposures and large windows.
Host dinner parties for twelve in your south-facing open dining area adjacent to the masterpiece kitchen. They say that kitchens are the heart of the home and this is no exception. Its expert design is evident from all angles from the endless marble counters, center island, stainless steel appliances including Sub-Zero side-by-side fridge and freezer, 48" Wolf range with grill and griddle, kitchen-aid dishwasher to custom cabinets, with endless storage. Continue on to the butler's pantry, where you can quickly clean up from parties thanks to the Fischer & Paykal dual drawer dishwashers. This is where wine connoisseurs will be at home as we enter the 1,000-bottle climate-controlled wine cellar.
2 Available Listings from $5.5M
All images of 69 East 82nd Street via Compass
From the listing:
Top interior designer Katie Ridder and AD 100 Architect Peter Pennoyer have transformed this wonderful 20-foot-wide brownstone into a happy, luxurious and graceful home. While preserving the essence of its historic architecture, the completely renovated house features multi-zone central air conditioning, the finest finishes, state-of-the-art technology and security as well as big, charismatic windows. Filled with an abundance of light and with high ceilings throughout, this stunning house, in a prime location, has approximately 5,400 usable interior square feet (not including the finished basement with gym and laundry), a glorious garden and a charming 4th floor terrace.
It is bright and livable with pretty treetop and townhouse facade exposures, and in turn-key condition for its next owner. The charm of this home begins upon entering through the Dutch entrance door into the super chic foyer, setting the tone for the gorgeous decor and architectural detail throughout. The garden level features a home office and mudroom to the south just off the entrance. The dreamy, oversized chef's kitchen, complete with La Cornue range, features an island big enough for everyone and floor-to-ceiling windows with doors that open to the deep, lush garden. The adjacent dining room, currently designed with comfortable seating as well as a dining table, easily seats big dinners while still feeling perfect for cozy evenings.
Top interior designer Katie Ridder and AD 100 Architect Peter Pennoyer have transformed this wonderful 20-foot-wide brownstone into a happy, luxurious and graceful home. While preserving the essence of its historic architecture, the completely renovated house features multi-zone central air conditioning, the finest finishes, state-of-the-art technology and security as well as big, charismatic windows. Filled with an abundance of light and with high ceilings throughout, this stunning house, in a prime location, has approximately 5,400 usable interior square feet (not including the finished basement with gym and laundry), a glorious garden and a charming 4th floor terrace.
It is bright and livable with pretty treetop and townhouse facade exposures, and in turn-key condition for its next owner. The charm of this home begins upon entering through the Dutch entrance door into the super chic foyer, setting the tone for the gorgeous decor and architectural detail throughout. The garden level features a home office and mudroom to the south just off the entrance. The dreamy, oversized chef's kitchen, complete with La Cornue range, features an island big enough for everyone and floor-to-ceiling windows with doors that open to the deep, lush garden. The adjacent dining room, currently designed with comfortable seating as well as a dining table, easily seats big dinners while still feeling perfect for cozy evenings.
One57 via Douglas Elliman
From the listing:
At approximately 3,200 square feet, 44A is a gracious three-bedroom, three-and-a-half-bath home that epitomizes glamorous living at One57. Designed by Thomas Juul Hansen, the home features luxurious touches throughout. Through the foyer, the corner great room houses the open living and dining area that is further highlighted by ceilings almost 12' high and 39 linear feet of picturesque Central Park views.
The masterfully designed eat-in kitchen by Smallbone of Devizes features custom hand-painted white cabinetry and an integrated top-of-the-line appliance package by Miele and Sub-Zero. Down the hallway adjacent to the kitchen are the secondary bedrooms each with an en-suite bath finished with the finest natural materials such as Green Onyx and Bianco Dolomiti marble.
At approximately 3,200 square feet, 44A is a gracious three-bedroom, three-and-a-half-bath home that epitomizes glamorous living at One57. Designed by Thomas Juul Hansen, the home features luxurious touches throughout. Through the foyer, the corner great room houses the open living and dining area that is further highlighted by ceilings almost 12' high and 39 linear feet of picturesque Central Park views.
The masterfully designed eat-in kitchen by Smallbone of Devizes features custom hand-painted white cabinetry and an integrated top-of-the-line appliance package by Miele and Sub-Zero. Down the hallway adjacent to the kitchen are the secondary bedrooms each with an en-suite bath finished with the finest natural materials such as Green Onyx and Bianco Dolomiti marble.
16 Available Listings from $3M
All images of The Marquand via Sloane Square LLC
From the listing:
Magnificently renovated and decorated, this impeccably designed prewar condo by Shelton, Mindel & Associates is unlike any other in the building. This exceptional, recently renovated, 5 bedroom, 5 ½ bath residence at the Marquand offers 3,839 square feet of spectacular space and a grand, extraordinary entertaining terrace.
With soaring ceilings up to 10’, grand proportions, a sprawling open layout, and an abundance of oversized windows, the architecture of the space and building marries classic Upper East Side luxury with an ultra-luxury, high-end, sophisticated modern sensibility. A private elevator opens to the elegant entry foyer, where an adjacent wood-paneled gallery leads to the gracious south-facing living room (with wood-burning fireplace) sculpted in Travertine marble and five oversized windows facing the trees and picturesque townhouses on 68th Street.
Magnificently renovated and decorated, this impeccably designed prewar condo by Shelton, Mindel & Associates is unlike any other in the building. This exceptional, recently renovated, 5 bedroom, 5 ½ bath residence at the Marquand offers 3,839 square feet of spectacular space and a grand, extraordinary entertaining terrace.
With soaring ceilings up to 10’, grand proportions, a sprawling open layout, and an abundance of oversized windows, the architecture of the space and building marries classic Upper East Side luxury with an ultra-luxury, high-end, sophisticated modern sensibility. A private elevator opens to the elegant entry foyer, where an adjacent wood-paneled gallery leads to the gracious south-facing living room (with wood-burning fireplace) sculpted in Travertine marble and five oversized windows facing the trees and picturesque townhouses on 68th Street.
2 Available Listings from $23M
Hotel des Artistes via CityRealty
Interiors via Corcoran
From the listing:
Penthouse 909 is a remarkable, sun-filled triplex home with 5 to 6 bedrooms, 4.5 bathrooms and over 5,500 SF making it unlike anything in the city with its spectacular history, superb location across from Central Park, grand proportions, gorgeous details and magnificent private outdoor terrace. This historic home’s design and layout maximizes the dramatic light and scale throughout with nearly 18’ ceilings in the formal expanse, oversized 10’+ casement windows, multiple corner rooms, three open exposures and glorious open city views. Part of ‘Artist’s Row’, the building housed apartments as well as artist’s studios so light was purposefully the most prominent feature. In addition, no detail was overlooked in the stunning renovation of this classic home while seamlessly integrating quality, high-end design into a historically important apartment.
Penthouse 909 is a remarkable, sun-filled triplex home with 5 to 6 bedrooms, 4.5 bathrooms and over 5,500 SF making it unlike anything in the city with its spectacular history, superb location across from Central Park, grand proportions, gorgeous details and magnificent private outdoor terrace. This historic home’s design and layout maximizes the dramatic light and scale throughout with nearly 18’ ceilings in the formal expanse, oversized 10’+ casement windows, multiple corner rooms, three open exposures and glorious open city views. Part of ‘Artist’s Row’, the building housed apartments as well as artist’s studios so light was purposefully the most prominent feature. In addition, no detail was overlooked in the stunning renovation of this classic home while seamlessly integrating quality, high-end design into a historically important apartment.
5 Available Listings from $2M
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