NYC Contracts: The Giorgio Armani Residences sells out following $32M deal; The Beresford snags three luxury signings

By CityRealty Staff | From Future New York Tuesday, July 23, 2024

The Beresford from The Lake in Central Park

The Manhattan market typically experiences a summer lull; and as such, many expected the middle of July 2024 to be a quiet time for contract activity. But the third week of July was a busy time for the New York real estate market with Manhattan contracts up 9% week-over-week. High-priced deals occurred in both new construction buildings and historically designated landmarks.

For the fourth time in 2024, The Giorgio Armani Residences had the highest contract of the week. Penthouse #11, a spacious duplex with four bedrooms, four and a half baths, and two private balconies, entered contract with an asking price of $32,500,000. Shortly after the contract was signed, developer SL Green announced the sellout of the 10 residences. Closings are expected to commence in the fourth quarter of 2024, or just over a year after sales quietly launched.

The penthouse is situated on top of the new Giorgio Armani flagship on Madison Avenue and features interiors by Mr. Armani, who has announced his intention to live in the building. The Armani branding extends to the building's amenities -- a Zen tea room offers service from Armani Ristorante, and the library and lounge are furnished with custom Armani Casa pieces. Additional amenity offerings include a state-of-the-art fitness center and spa treatment room.

The Giorgio Armani Residences as of late July 2024

The project's construction structurally compromised a neighboring building in the historic district, necessitating its complete reconstruction.

One of the city's sexiest sidewalk bridges on the East 65th Street frontage

The Giorgio Armani Residences is located in the Upper East Side Historic District, and its design was influenced by surrounding prewar architecture. At the southern end of the park, Central Park Tower, the tallest residential building in the world, had the second-highest contract with Residence #65E, a high-floor three-bedroom asking $23,433,000. The contract for this sponsor unit was signed less than a month after a monumental penthouse sale closed in the building.

42 Wooster Street (Serhant)

The top Downtown contract and third-highest overall took place at 42 Wooster Street, a cast-iron Soho building that architecture critic Carter Horsley calls "one of Soho's finest conversions of a commercial building into a luxurious residential loft building." Residence #6N entered contract with an asking price of $11,600,000 less than two months after its downstairs neighbor, Residence #5N, had one of Manhattan's highest sales the week of its closing. Residence #6N is rich in original details like exposed brick, arched windows, and columns, but features custom light fixtures, top-of-the-line kitchen appliances, and luxurious fixtures in the primary bathroom.

Further uptown at The Beresford, the Emery Roth-designed New York City Landmark, Residence #16G had the top co-op contract and fifth-highest overall with an asking price of $9,950,000. One floor up, Residence #17G was not far behind with a $7,850,000 ask in the week's eighth-highest asking price.

Residence #17G at The Beresford comes with a dreamy terrace over Central Park

The listing for the four-bedroom Residence #16G notes that it was on the market for the first time in 50 years; as such, renovation may be in order, though it would be difficult to imagine improving upon the grand proportions and beautiful views of Central Park. The two-bedroom Residence #17G, on the other hand, underwent a renovation by AD100 designer John Saladino to feature top-of-the-line appliances, finishes, and fixtures, though not at the expense of prewar details; it also has a private terrace overlooking Central Park. Public records indicate that the unidentified seller bought it for $8,250,000 in June 2006.

The apartments were marketed separately as well as a combination opportunity, and the fact that they entered contract on the same day suggests that the latter is in order. While the board of The Beresford must approve the combination, a duplex apartment like this would not be out of place in the building -- a few floors down, duplex Residence #10/11C entered contract last week with an asking price of $6,495,000.

Hendrix House, 250 East 25th Street, Gramercy condo

Hendrix House: rendering (CORE); construction photo showing the building has reached its full height (Ondel/CityRealty)

Also of note last week, three contracts coming to a total of $4,392,285 were signed at Hendrix House, a new condo on the rise in the heart of Kips Bay. The building makes a statement at street level for its curved corner and clean lines, and all units feature "home office hot spots" to accommodate remote work environments. The contracts come a few weeks after sales launched in the building.

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#10. Madison Square Park Tower, #46A
Last Ask: $6,999,950

Flatiron/Union Square | Condominium | 3 Bedrooms, 3 Baths | 2,490 ft²

Madison Square Park Tower, #46A (Elegran LLC)

From the Listing: This luxurious half-floor residence boasts three bedrooms, three bathrooms, and 2,490 square feet of designer finishes, creating one of the most spectacular homes available on the highest floor available. As you step off the semi-private elevator landing and into the residence, you'll be welcomed into an impressive 32-foot long corner Great Room, perfect for hosting grand-scale entertaining and dining. Floor-to-ceiling windows frame iconic western and northern views, including The Empire State Building, Chrysler Building, Flatiron Building, Clock Tower, One Vanderbilt, Hudson River, and more. The windowed galley kitchen boasts equally impressive vistas. See floor plan and full details here.

Madison Square Park Tower has 4 public availabilities from $3,250,000.

#9. The Adelaide, #8FL
Last Ask: $7,250,000 (-9.3%)

Park/Fifth Ave. to 79th St. | Cooperative | 5 Bedrooms, 4.5 Baths

The Adelaide, #8FL (Corcoran Group)

From the Listing: Bring your designer! Exceptional opportunity to purchase a spectacular full floor 12 room home with grand proportions, approximately 10'4" ceilings, and abundant natural light from all four exposures. From the moment you step on to your private elevator landing you are wowed by a gracious entry foyer, circular gallery and the expansive approximately 18'4" x 30'4" corner living room overlooking Park Avenue. Adjacent to the living room is the library and a formal dining allowing for gracious entertaining. See floor plan and full details here.

The Adelaide has one public availability asking $11,500,000.

#8. The Beresford, #17G
Last Ask: $7,850,000 (-23%)

Central Park West | Cooperative | 2 Bedrooms, 3 Baths

The Beresford, #17G (Sothebys International Realty)

From the Listing: Discover the epitome of luxury living with this very special, high-floor, corner apartment in the iconic Beresford. Designed by AD100 designer John Saladino, this residence offers breathtaking views of Central Park, the Reservoir, and the sparkling city skyline, all from a spacious, wrap-around terrace. Upon entering, you are greeted by an inviting gallery that leads to an oversized living room, complete with a wood-burning fireplace. French doors that open onto the terrace seamlessly merge the indoor and outdoor spaces for both comfortable living and more formal entertaining. The room’s generous size accommodates multiple seating areas, as well as a cozy corner spot for intimate dining. See floor plan and full details here.

The Beresford has 5 public availabilities from $2,750,000.

#7. 22 East 93rd Street, #TH
Last Ask: $7,995,000 (-19.6%)

Carnegie Hill | Townhouse | 6+ Bedrooms, 6+ Baths

22 East 93rd Street, #TH (Sothebys International Realty)

From the Listing: Whether converted to a single-family home or maintained in its current configuration as an investment property, 22 East 93rd offers grand proportions (20 feet wide) and the opportunity to create a true masterpiece on one of Carnegie Hills most desirable blocks. This five-story home currently offers ten apartments, a unique opportunity for an investor, especially in the current rental market. (This home will be delivered vacant.) 22 East 93rd Street boasts soaring ceilings, grand proportions spanning over 6,000 interior square feet, with additional FAR, along with a beautiful garden creating the perfect oasis for city living. See floor plan and full details here.

#6. 1289 Lexington Avenue, #15B
Last Ask: $8,400,000

Carnegie Hill | Condominium | 5 Bedrooms, 5.5 Baths | 3,508 ft²

1289 Lexington Avenue, #15B (Brown Harris Stevens Residential Sales LLC)

From the Listing: Welcome to the Meridian Collection at 1289 Lexington on the Upper East Side. These expansive four- and five-bedroom homes offer all the space you need to stretch out, move, breathe, and entertain. Southern light pours into the great room, kitchen, and primary bedroom, creating a bright, airy atmosphere that reaches almost 10' to the ceilings. Four more bedrooms, five-and-a-half bathrooms and a private laundry room complete the picture of this grand residence. With interiors designed by AD100 firm SheltonMindel, the kitchen features custom-made walnut cabinets, a full suite of Gaggenau appliances (including a vented stove hood), custom pendant lights, and elegant slab marble and Glassos counters. See floor plan and full details here.

1289 Lexington Avenue has 9 public availabilities from $3,700,000.

#5. The Beresford, #16G
Last Ask: $9,950,000

Central Park West | Cooperative | 4 Bedrooms, 4.5 Baths

The Beresford, #16G (Brown Harris Stevens Residential Sales LLC)

From the Listing: Available for the first time in 50 years, this home is spread over approximately 3,500 square feet and provides light and views from nearly every room and abundant pre-war charm. Step off a semi-private landing into an impressive, almost square, gallery with a double coat closet. The gallery leads to the grand, nearly 30-foot-long living room with that is perfectly perched over Central Park and features a wood burning fireplace. The adjacent, elegant formal dining room is a perfect place to entertain or host more casual gatherings. The oversized, eat-in chef's kitchen boasts a double oven, a plethora of cabinet space, and a large island. See floor plan and full details here.

The Beresford has 5 public availabilities from $2,750,000.

#4. The Brompton, #8C
Last Ask: $9,975,000 (-6.1%)

Yorkville | Condominium | 5 Bedrooms, 6+ Baths | 5,313 ft²

The Brompton, #8C (Douglas Elliman Real Estate)

From the Listing: This "one of a kind" home is the result of a combination of multiple apartments by the Sponsor from day one, so this elegant home is seamless in its flow. With over 5,300 square feet in this spacious residence; one is greeted into a proper foyer, which leads to the grand gallery and then the expansive 28x16.5-foot living room with herringbone floors and a wall of windows, which then flows into the formal dining room with coffered ceilings. The chef's eat-in kitchen complete with a butler's pantry also boasts an enormous banquette, which comfortably seats 8 along with a breakfast bar. Possibility for furnishings to remain if a buyer is interested. See floor plan and full details here.

The Brompton has 5 public availabilities from $1,825,000.

#3. 42 Wooster Street, #6N
Last Ask: $11,600,000

SoHo | Condominium | 4 Bedrooms, 3 Baths | 4,633 ft²

42 Wooster Street, #6N (Serhant LLC)

From the Listing: Introducing this breathtaking SoHo loft available for the first time in 25 years, a sprawling sun-splashed condo bestrewn with spacious rooms, intimate nooks, and 19th century charm. The home is nestled within an 1883 cast-iron Romanesque building and features a full-floor layout that spans more than 4,600 square feet with soaring 11-foot ceilings. Up on the 6th floor, it rises above neighboring buildings and welcomes northern, eastern, western, and southern light. A key-locked elevator offers direct access to a large foyer with custom light fixtures and multiple closets to shed your shoes, jacket, and worries from the day. A hall to west ushers you into a majestic great room with triple exposure and exposed brick walls and wood beams. See floor plan and full details here.

42 Wooster Street has no public availabilities.

#2. Central Park Tower, #65E
Last Ask: $23,433,000

Midtown West | Condominium | 3 Bedrooms, 3.5 Baths | 3,364 ft²

Central Park Tower, #65E (Corcoran Sunshine Marketing Group)

From the Listing: This three-bedroom, three and one-half bathroom residence at Central Park Tower offers gracious living enhanced by quintessential Central Park views from an elevation over 675 feet. Nearly 11-foot ceilings and floor-to-ceiling seven-foot-wide glass panels allows for an abundance of natural light throughout the home. The formal entry foyer and gallery lead to an expansive great room featuring both north and east facing views. The gourmet kitchen features custom cabinetry by Smallbone of Devizes and premium Miele appliances create the perfect setting for entertainment. The intelligently designed floor plan features dual exposures, three en-suite bedrooms and a separate powder room. See floor plan and full details here.

Central Park Tower has 18 public availabilities from $6,495,000.

#1. The Giorgio Armani Residences, #PH11
Last Ask: $32,500,000

Park/Fifth Ave. to 79th St. | Condominium | 4 Bedrooms, 4.5 Baths | 4,216 ft²

The Giorgio Armani Residences, #PH11 (Douglas Elliman Real Estate)

From the Listing: Crown jewel penthouse maximizing stunning east, south, and west views over the Upper East Side Historic District and Central Park. This palatial Duplex Penthouse, offers the discerning buyer the best of all worlds: location, scale, light and multiple outdoor spaces. A private elevator landing opens to the 11th floor's striking entertaining space with a formal gallery overlooking a private lushly landscaped terrace with a grand sculptural staircase connecting the 12th floor. The outstanding corner living room with floor-to-ceiling windows and French doors encased in custom metalwork surrounds the room and leads to a stunning outdoor lounge with views overlooking the city skyline and Central Park. See floor plan and full details here.

The Giorgio Armani Residences has no public availabilities.

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#10. Madison Square Park Tower, #46A
Last Ask: $6,999,950

Madison Square Park Tower has 4 public availabilities from $3,250,000.

#9. The Adelaide, #8FL
Last Ask: $7,250,000 (-9.3%)

The Adelaide has one public availability asking $11,500,000.

#8. The Beresford, #17G
Last Ask: $7,850,000 (-23%)

The Beresford has 5 public availabilities from $2,750,000.

#7. 22 East 93rd Street, #TH
Last Ask: $7,995,000 (-19.6%)

#6. 1289 Lexington Avenue, #15B
Last Ask: $8,400,000

1289 Lexington Avenue has 9 public availabilities from $3,700,000.

#5. The Beresford, #16G
Last Ask: $9,950,000

The Beresford has 5 public availabilities from $2,750,000.

#4. The Brompton, #8C
Last Ask: $9,975,000 (-6.1%)

The Brompton has 5 public availabilities from $1,825,000.

#3. 42 Wooster Street, #6N
Last Ask: $11,600,000

42 Wooster Street has no public availabilities.

#2. Central Park Tower, #65E
Last Ask: $23,433,000

Central Park Tower has 18 public availabilities from $6,495,000.

#1. The Giorgio Armani Residences, #PH11
Last Ask: $32,500,000

The Giorgio Armani Residences has no public availabilities.

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