Between rising interest rates, market fluctuations, and the Yom Kippur holiday, the past week was another quiet one. However, there was a number of exciting real estate deals. The top contract was the Deutsche Bank Center penthouse of Stephen Ross, chairman of Related, one of the firms that developed the Columbus Circle complex. When he initially listed it in summer 2019, it was with a $75,000,000 asking price and the announcement that he and his wife, jewelry designer Kara Ross, would be moving to a penthouse at 35 Hudson Yards, another Related development. Since then, the couple has split up and the penthouse has undergone multiple price reductions. It ultimately entered contract with an asking price of $49,900,000, or 33.4% off the original asking price.
Despite the discount, the Deutsche Bank Center penthouse was the highest contract of the past week by far. The second-highest contract and top co-op contract was for the tenth-floor unit at the Robert A.M. Stern-designed 1228 Madison Avenue, a four-bedroom, four and a half-bath unit asking $11,175,000. Three stories down, the seventh-floor residence had the third-highest contract with an $8,700,000 asking price.
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Downtown, the narrowest house in New York entered contract with an asking price of $4,199,000. 75 ½ Bedford Street is known as Millay House in honor of Pulitzer Prize-winning poet/playwright Edna St. Vincent Millay, but she was far from the only notable resident. John Barrymore and Cary Grant stayed at the house during their stints at the Cherry Lane Theater. Decades later, anthropologist Margaret Mead lived in the house with her sister Elizabeth Mead Steig and brother-in-law, cartoonist/children's book author William Steig (best known for Caldecott Medal winner Sylvester and the Magic Pebble and Shrek!, the basis for the popular film franchise).
From the Listing:
Meticulously conceived by Tony Ingrao and Randy Kemper, this sprawling home boasts 11.5’ ceilings and is grand in design and detail, with no expense spared. The perfect combination of jaw-dropping panoramic views, abundant natural light and extravagant but elegant finishes, this six-bedroom home occupies the entire 80th floor of the Center’s South Tower. The interiors feature a unique blend of exotic materials beginning with the entry’s inlaid stone flooring. A wall of floor-to-ceiling windows overlooking Central Park greets you as you enter the palatial 42’ long living room. Flooring made of Bubinga wood and doors and moldings of Padouk wood, as well as dual fireplaces are but a few of the unparalleled finishes in this showstopping room. A handsome corner den features a fireplace and custom coffered ceiling and a 22’ long formal dining room with gorgeous marble floors and custom moldings provide iconic city and park views and round out the substantial entertaining areas.
Meticulously conceived by Tony Ingrao and Randy Kemper, this sprawling home boasts 11.5’ ceilings and is grand in design and detail, with no expense spared. The perfect combination of jaw-dropping panoramic views, abundant natural light and extravagant but elegant finishes, this six-bedroom home occupies the entire 80th floor of the Center’s South Tower. The interiors feature a unique blend of exotic materials beginning with the entry’s inlaid stone flooring. A wall of floor-to-ceiling windows overlooking Central Park greets you as you enter the palatial 42’ long living room. Flooring made of Bubinga wood and doors and moldings of Padouk wood, as well as dual fireplaces are but a few of the unparalleled finishes in this showstopping room. A handsome corner den features a fireplace and custom coffered ceiling and a 22’ long formal dining room with gorgeous marble floors and custom moldings provide iconic city and park views and round out the substantial entertaining areas.
From the Listing:
Residence Ten at 1228 Madison Avenue is a 3,841 square foot, 4-bedroom, 5.5-bathroom home with gracious proportions throughout. A private elevator vestibule leads into the unit, with custom stained white oak chevron flooring throughout the living spaces. The oversized living room is over 24 feet in width overlooking Madison Avenue, allowing for a truly grand living/dining experience. Accessible via custom pocket doors, the eat-in kitchen, crafted by Molteni, features matte white lacquer cabinetry with white oak detailing, honed Calacatta Estremoz countertops and backsplash, and ample island seating. A suite of appliances by Lacanche, Sub-Zero, Wolf, and Miele complete the space. The primary bedroom suite is lavishly appointment with two separate walk-in closets / dressing areas, leading to two primary bathrooms.
Residence Ten at 1228 Madison Avenue is a 3,841 square foot, 4-bedroom, 5.5-bathroom home with gracious proportions throughout. A private elevator vestibule leads into the unit, with custom stained white oak chevron flooring throughout the living spaces. The oversized living room is over 24 feet in width overlooking Madison Avenue, allowing for a truly grand living/dining experience. Accessible via custom pocket doors, the eat-in kitchen, crafted by Molteni, features matte white lacquer cabinetry with white oak detailing, honed Calacatta Estremoz countertops and backsplash, and ample island seating. A suite of appliances by Lacanche, Sub-Zero, Wolf, and Miele complete the space. The primary bedroom suite is lavishly appointment with two separate walk-in closets / dressing areas, leading to two primary bathrooms.
2 Available Listings for Sale from $7,350,000
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From the Listing:
Residence Seven at 1228 Madison Avenue is a 3,136 square foot, 4-bedroom, 3.5-bathroom home with gracious proportions throughout. A private elevator vestibule leads into the unit, with custom stained white oak chevron flooring throughout the living spaces. The oversized living room is positioned overlooking Madison Avenue, allowing for a truly grand living/dining experience. Accessible via custom pocket doors, the eat-in kitchen, crafted by Molteni, features matte white lacquer cabinetry with white oak detailing, honed Calacatta Estremoz countertops and backsplash, and seating at a built-in breakfast counter. A suite of appliances by Lacanche, Sub-Zero, Wolf, and Miele complete the space.
Residence Seven at 1228 Madison Avenue is a 3,136 square foot, 4-bedroom, 3.5-bathroom home with gracious proportions throughout. A private elevator vestibule leads into the unit, with custom stained white oak chevron flooring throughout the living spaces. The oversized living room is positioned overlooking Madison Avenue, allowing for a truly grand living/dining experience. Accessible via custom pocket doors, the eat-in kitchen, crafted by Molteni, features matte white lacquer cabinetry with white oak detailing, honed Calacatta Estremoz countertops and backsplash, and seating at a built-in breakfast counter. A suite of appliances by Lacanche, Sub-Zero, Wolf, and Miele complete the space.
2 Available Listings for Sale from $7,350,000
From the Listing:
Number Six was completely renovated seven years ago and is ready for move-in without the difficulty of renovations that have become so much more costly and time-consuming since the pandemic. The unit has four bedrooms (one currently configured as a home office), four full bathrooms and one half-bath, a large corner living room, formal dining room, and eat-in kitchen, plus a private, secure storage room and wine storage. With nine-foot ceilings and baseboard molding throughout, this home has the scale and detail of classic pre-war Park Avenue homes in tandem with fully up-to-date finishes and amenities.
Number Six was completely renovated seven years ago and is ready for move-in without the difficulty of renovations that have become so much more costly and time-consuming since the pandemic. The unit has four bedrooms (one currently configured as a home office), four full bathrooms and one half-bath, a large corner living room, formal dining room, and eat-in kitchen, plus a private, secure storage room and wine storage. With nine-foot ceilings and baseboard molding throughout, this home has the scale and detail of classic pre-war Park Avenue homes in tandem with fully up-to-date finishes and amenities.
1 Available Listing for Sale for $6,200,000
From the Listing:
Formerly three separate units, PHABD spans approximately 1,489 square feet and is surrounded by a sprawling wrap terrace with panoramic views of the park, as well as to the west and north. Original casement windows and doors lead to the 58’ wide south-facing terrace, graced with the backdrop of the building’s rich architectural details. Perched atop one of the neighborhood’s most esteemed cooperatives, the penthouse offers an extremely rare opportunity to create one of the finest homes on Gramercy Park. Residents of 60 GPN enjoy keys for exclusive access to Gramercy Park, Manhattan’s only private park.
Formerly three separate units, PHABD spans approximately 1,489 square feet and is surrounded by a sprawling wrap terrace with panoramic views of the park, as well as to the west and north. Original casement windows and doors lead to the 58’ wide south-facing terrace, graced with the backdrop of the building’s rich architectural details. Perched atop one of the neighborhood’s most esteemed cooperatives, the penthouse offers an extremely rare opportunity to create one of the finest homes on Gramercy Park. Residents of 60 GPN enjoy keys for exclusive access to Gramercy Park, Manhattan’s only private park.
2 Available Listings for Sale from $800,000
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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Michelle Mazzarella
Michelle is a contributing writer and editor for real estate news in New York City