NYC Contracts: Super-tower deals dominate over slow holiday week; Danny Meyer's past Village home finds buyer

By CityRealty Staff | From Great Listings Monday, July 8, 2024

Danny Meyer and his former home at * East 12th Street in Greenwich Vilalge

Owing to an unusual number of high-priced deals at the end of the month, June 2024 closed on a slight year-over-year upswing. The first week of July 2024 experienced a nearly 40% week-over-week decline, but much of that can be attributed to an abbreviated business week due to the Independence Day holiday on Thursday. However, some high-priced deals in notable luxury buildings took place during this time.

A few months before closings are estimated to begin at Sutton Tower, the soaring high-rise was home to the top contract in the first week of July 2024. Penthouse #76 was originally listed for $25 million when the building launched sales, but its asking price of $21,000,000 was nevertheless the week's most expensive by an extremely comfortable margin. It encompasses the entire 76th floor of the tallest building in Sutton Place, where it enjoys 360-degree vistas of both rivers and the iconic Manhattan skyline through floor-to-ceiling windows. The buyer, identified by Olshan Realty's market report only as an Upper West Side resident, can also step out onto a private loggia just off the entrance gallery to enjoy the views.

Sutton Tower is located at the nexus of Sutton Place and the Upper East Side. In the heart of the Upper East Side, new development condominium The 74 put on a respectable showing with the full 23rd-floor residence, which was asking $12,500,000 in the week's third most expensive contract. The contract was signed shortly after The 74 ranked among Manhattan's best-selling buildings.

In Midtown, three contracts were reported at 520 Fifth Avenue. The sales team led by Corcoran Sunshine reported last week that the building 40% sold less than two months after the first contract was signed. The buyers will enjoy impressive views through oversized arched windows, interiors by AD100 designer Vicky Charles, an array of wellness and social amenities, and memberships to private club Moss in the building's base.

Wraparound terrace with dining table and Central Park views

14 East 90th Street, #PHW (Compass)

But for all the excitement of new development condos, the prewar cooperatives that brought Fifth Avenue and the Upper East Side to prominence remain coveted by luxury buyers. The week's top co-op contract and fourth-highest overall took place at the J.E.R. Carpenter-designed 14 East 90th Street, where Penthouse West was asking $11,995,000. Interiors feature wood-burning fireplaces, a chef's kitchen with greenhouse, a primary suite with steam shower and Jacuzzi tub, and a home theater system. However, the crown jewel is the private terrace spanning the entire circumference of the home and facing Central Park.

Crain's New York Business identified the seller as philanthropist Elizabeth Sackler and notes that she initially listed it for $16 million in April 2023. However, if it sells for this price, she would still make a small profit, having bought it from former Citi chairman Sanford Weill for $10.5 million in 2007.

Almost directly to the west, over $15 million in contracts were signed at the Carpenter-designed 1120 Fifth Avenue. Residence #10B, a three-bedroom home on a high-floor, entered contract with a $7,750,000. Two stories down, the three-bedroom Residence #8C was not far behind with a $7,350,000 ask. Both apartments enjoy excellent Central Park frontage and the grand proportions typical of their prewar era. With these contracts, there are no more public availabilities in the building.

In the heart of Greenwich Village, Residence 8/9FL at 8 East 12th Street had one of Downtown's highest contracts with an asking price of $8,500,000. Restaurateur Danny Meyer bought the ninth-floor unit in 1987 and, appropriately enough, installed a state-of-the-art kitchen. In the years since he sold it in 1998, it was combined with the eighth floor below and listed as a duplex for the first time in June 2024. The contract was signed a few short weeks after it came on the market.

Rooftop infinity pool overlooking Manhattan skyline

Rooftop pool at Brooklyn Point (Train Media for Extell Development Company)

A borough away, July 2024 began with five contracts signed at Brooklyn Point, bringing it to over 85% sold. The building is capped off with a roof terrace housing the Western Hemisphere's highest infinity pool in a residential building, located 680 feet above grade to look out on expansive views of the Manhattan skyline. The building is open for immediate occupancy, meaning the buyers may be able to close in time to enjoy the rooftop pool this summer. If not, they will have access to an indoor pool with hot tub and spa area, just a small sample of Brooklyn Point's extensive amenity offerings.

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#10. 322 Degraw Street, #TH
Last Ask: $7,495,000 (-6.3%)

Carroll Gardens | Townhouse | 5 Bedrooms, 3.5 Baths

322 Degraw Street, #TH (Douglas Elliman Real Estate)

From the Listing: Exquisite turnkey townhouse living awaits in this thoroughly renovated five-bedroom, three-and-a-half-bathroom brownstone featuring magazine-worthy interiors, four levels of outdoor space, and an ideal Carroll Gardens location between Smith and Court streets. Beautifully designed and expanded by Brooklyn's NV/da architectural studio, this gorgeous home melds historic bones with a contemporary sensibility, from soaring ceilings adorned with classic medallions and designer lighting to exceptional millwork and new herringbone hardwood floors. The high-stoop and traditional vestibule welcome you into the parlor level, where a large living room features a stately decorative fireplace and tall windows. See floor plan and full details here.

#9 (tie). 11 South Oxford Street, #TH
Last Ask: $7,500,000

Fort Greene | Townhouse | 6+ Bedrooms, 4 Baths | 5,500 ft²

11 South Oxford Street, #TH (Compass)

From the Listing: Built in 1869 by Brooklyn builder William A. Brush, this sumptuous 5-story home exudes grandeur and charm on every level. Ideally located less than 200 feet from Fort Greene Park, this 22' wide Italianate beauty is a true generational home for the discerning buyer. Graciously maintained and updated by the current owners, 11 South Oxford Street is filled with sought-after original historic elements including solid mahogany pocket doors, two grand pier mirrors and original fireplaces on every floor. See floor plan and full details here.

#9 (tie). 127 Hicks Street, #TH
Last Ask: $7,500,000

Brooklyn Heights | Townhouse | 6+ Bedrooms, 5 Baths | 6,075 ft²

127 Hicks Street, #TH (Brown Harris Stevens)

Interiors with arched entry and dining room with fireplace

From the Listing: 127 Hicks Street is a grand and gorgeous 25’ wide brownstone, dating from the 1840s with five stories of living space and a full, dry, functional cellar. With great bones, an ideal location, and beautifully maintained, the home retains all of its best details. The current owner conducted an extensive facade and cornice restoration in 2022. Currently configured as a four unit building with owner’s 3 bedroom, 2 bath garden/parlor duplex and 3 spacious and beautifully renovated 2 bedroom, 1 bath rental units (one with large terrace). With the building’s gracious 25’ width you have the benefit of larger rooms, better flow and terrific light throughout. See floor plan and full details here.

#8. 1120 Fifth Avenue, #10B
Last Ask: $7,750,000 (-6.1%)

Carnegie Hill | Cooperative | 3 Bedrooms, 4 Baths

1120 Fifth Avenue, #10B (Brown Harris Stevens Residential Sales LLC)

From the Listing: Located on Fifth Avenue in the heart of Carnegie Hill, this high-floor ten room residence offers extraordinary graciousness, incredible space and breathtaking views. The sophisticated and elegant apartment has four rooms that stretch across almost 60 feet of Fifth Avenue frontage, with exceptional views of Central Park and the Reservoir. The large entrance gallery leads to the expansive and sun-flooded living room with its wood-burning fireplace and views of the park through oversized windows. See floor plan and full details here.

1120 Fifth Avenue has no public availabilities.

#7. 8 East 12th Street, #8/9FL
Last Ask: $8,500,000

Greenwich Village | Condominium | 5 Bedrooms, 3.5 Baths | 4,660 ft²

8 East 12th Street, #8/9FL (The Agency Brokerage)

From the Listing: This extraordinary 4,660-square-foot duplex loft, offered for sale for the first time, features unparalleled light with majestic views stretching all the way to One World Trade Center and the New Jersey skyline, and presents an exceptional opportunity to own a sprawling and stunning residence in one of the city's most iconic neighborhoods. As you enter this remarkable space, directly from your keyed-access elevator, you're greeted by soaring ceilings and truly expansive windows that flood the interior with natural light. Whether you're hosting a dinner party with dozens of friends or simply enjoying a quiet evening at home, you'll appreciate the versatility and elegance of this exceptional residence. See floor plan and full details here.

8 East 12th Street has no public availabilities.

#6. 227 West 17th Street, #PH
Last Ask: $9,995,000

Chelsea | Cooperative | 4 Bedrooms, 3 Baths | 4,800 ft²

227 West 17th Street, #PH (Berkshire Hathaway HomeServices New York Properties)

From the Listing: Taking command of the entire top floor, this expansive loft has recently undergone an extensive renovation. A dedicated 1,200-square-foot private rooftop, seamlessly accessible from the living room, awaits with a wet bar and generous outdoor entertaining space. With ceilings soaring over 10 feet high, the residence features a colossal 40' X 40' great room boasting a wood-burning fireplace, 4 bedrooms, 3 full baths, an open kitchen, and a home office. The primary suite exudes grace with its oversized soaking tub. See floor plan and full details here.

227 West 17th Street has 2 public availabilities from $3,950,000.

#5. 50 West 66th Street, #11D
Last Ask: $11,625,000

Central Park West | Condominium | 5 Bedrooms, 5.5 Baths | 3,889 ft²

50 West 66th Street, #11D (Douglas Elliman Real Estate)

From the Listing: 50 West 66th Street, slated to be one of the tallest and most important residential buildings that will transform the Upper West Side and the New York City skyline. House Residence #11D is a gracious 3,889-square-foot, 5-bedroom, 5.5-bath home with south and east exposures. This exquisite apartment features top-of-the-line finishes, including Smallbone of Devizes kitchens equipped with Miele and Sub-Zero appliances. The residence is adorned with oak flooring and marble baths, while ceiling heights reach up to 9'-8". See floor plan and full details here.

50 West 66th Street has 9 public availabilities from $4,600,000.

#4. 14 East 90th Street, #PHW
Last Ask: $11,995,000 (-11.1%)

Carnegie Hill | Cooperative | 3 Bedrooms, 3 Baths

14 East 90th Street, #PHW (Compass)

From the Listing: With exposures on all sides, windows in every room, and a wrap-around terrace, Penthouse West offers front row views of Central Park and the Jacqueline Onassis Reservoir; the architecture of the west side; and the New York City skyline as it can only be seen from Carnegie Hill. The residence includes 3,100 square feet of interior space, with 10-foot ceilings throughout, and a private terrace of over 2,000 square feet wrapping the entire circumference of the home. With endless gallery walls for showcasing art, natural light from all sides gracing the home all day, and a view that inspires, this is a prodigious home, the zenith of what Carnegie Hill has to offer. See floor plan and full details here.

14 East 90th Street has no public availabilities.

#3. The 74, #FL23
Last Ask: $12,500,000

Lenox Hill | Condominium | 5 Bedrooms, 4.5 Baths | 3,815 ft²

The 74, #FL23 (Douglas Elliman Real Estate)

From the Listing: Introducing THE 74, where modernity meets the timeless sophistication on Manhattan's Upper East Side. Residence 23 is a full floor expansive 5 bedroom, 4.5 bath home with four exposures boasting views of Manhattan and Central Park. An abundance of light floods this home through floor-to-ceiling windows. The private elevator opens to a formal gallery, providing the perfect entry to the grand living and dining rooms featuring double exposures, west and north. See floor plan and full details here.

The 74 has 6 public availabilities from $3,380,000.

#2. 184 East 75th Street, #TH
Last Ask: $13,950,000 (-7%)

Lenox Hill | Townhouse | 5 Bedrooms, 6+ Baths | 6,000 ft²

184 East 75th Street, #TH (Modlin Group LLC)

From the Listing: Located on a tree-lined block famous for its exquisite townhouses, this contemporary, light-filled six-story home presents the ultimate in luxury living. Impeccably designed and masterfully realized by a world-class design and construction team, this exceptional property provides 6,000 square feet of living space over six stories as well as 2,000 square feet of landscaped outdoor space. First-rate craftsmanship, bespoke fixtures and finishes and entirely upgraded state-of-the-art systems are but a few of the thoughtful facets of this incredible address. See floor plan and full details here.

#1. Sutton Tower, #PH76
Last Ask: $21,000,000

Beekman/Sutton Place | Condominium | 4 Bedrooms, 4.5 Baths | 4,595 ft²

Sutton Tower, #PH76 (Corcoran Sunshine Marketing Group)

From the Listing: Live where the East Side meets the water's edge in New York's most discreet waterfront neighborhood. Penthouse 76 is ONLY 1 of 3 residences in the entire building with a LOGGIA! Stepping out onto the loggia (with soaring 15-foot ceilings), one will truly feel like "the king of the world" with infinite views from the Atlantic Ocean to the Hudson River and every landmark in between including NYC Harbor, Chrysler and Empire State Building. Direct elevator entry welcomes you to a breathtaking view of Manhattan's iconic skyline and the East River. See floor plan and full details here.

Sutton Tower has 19 public availabilities from $1,895,000.

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#10. 322 Degraw Street, #TH
Last Ask: $7,495,000 (-6.3%)

#9 (tie). 11 South Oxford Street, #TH
Last Ask: $7,500,000

#9 (tie). 127 Hicks Street, #TH
Last Ask: $7,500,000

#8. 1120 Fifth Avenue, #10B
Last Ask: $7,750,000 (-6.1%)

1120 Fifth Avenue has no public availabilities.

#7. 8 East 12th Street, #8/9FL
Last Ask: $8,500,000

8 East 12th Street has no public availabilities.

#6. 227 West 17th Street, #PH
Last Ask: $9,995,000

227 West 17th Street has 2 public availabilities from $3,950,000.

#5. 50 West 66th Street, #11D
Last Ask: $11,625,000

50 West 66th Street has 9 public availabilities from $4,600,000.

#4. 14 East 90th Street, #PHW
Last Ask: $11,995,000 (-11.1%)

14 East 90th Street has no public availabilities.

#3. The 74, #FL23
Last Ask: $12,500,000

The 74 has 6 public availabilities from $3,380,000.

#2. 184 East 75th Street, #TH
Last Ask: $13,950,000 (-7%)

#1. Sutton Tower, #PH76
Last Ask: $21,000,000

Sutton Tower has 19 public availabilities from $1,895,000.

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