As February 2024 gave way to March, a total of 27 luxury contracts (defined here as $4 million and up) were signed in Manhattan. While this is two fewer than last week's 2024 high, Olshan Realty's luxury market report ("Olshan") notes that it was the third week in a row that more than 25 luxury deals were signed.
The top apartment contracts were emblematic of the neighborhoods and buildings favored by New York's wealthiest. Leading the charge was the ninth-floor residence of the Rosario Candela-designed 778 Park Avenue, which was asking $20,000,000. The contract came in a few weeks after a $5 million price reduction and roughly five months after the seller, former American Express CEO James Robinson, put it on the market in October 2023. The buyer was not identified, but another mogul would not be surprising: Not only does Olshan note that the co-op's board does not allow financing, but Estée Lauder executive William Lauder bought investor Ronald Perelman's apartment in the building in June 2023.
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It was closely trailed by Residence #69W at Central Park Tower, which had the top condo contract and third-highest overall with a $19,500,000 asking price. The 3,165-square-foot unit features three bedrooms, three and a half baths, an expansive Great Room, a corner primary suite, and panoramic views of the Manhattan skyline and the Hudson River. Residence #69W's contract comes shortly after #69E entered contract in January 2024.
Meanwhile, for the second time in 2024, four townhouses accounted for Manhattan's top ten contracts. The top townhouse contract and second-highest overall was for 14 East 81st Street, which was not far behind the top sale with an asking price of $19,995,000, down from $22 million when it was listed in August 2023. The five-story, 8,200-square-foot house dates back to the 1880s, and its limestone facade looks as beautiful as when it was first designed by Thom & Wilson, but has been updated with such modern features as a commercial-sized elevator, built-in sound system, kitchen with top-of-the-line appliances, and basement wine cellar. Central Park is at the end of the block, but the house offers abundant outdoor space in the form of a landscaped garden, parlor-level Juliet balconies overlooking the garden, and terraces off the third-floor primary suite and fourth-floor bedrooms.
#10. One High Line, #EAST20B
Last Ask: $8,255,000
Chelsea | Condominium | 3 Bedrooms, 3.5 Baths | 2,658 ft2
One High Line, #EAST20B (Corcoran Group)
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#9. 45 Canal Street, #TH
Last Ask: $8,995,000 (-14.3%)
Lower East Side | Townhouse | 2 Bedrooms, 3 Baths | 4,000 ft2
45 Canal Street, #TH (Compass)
#8. Superior Ink, #12B
Last Ask: $9,850,000
West Village | Condominium | 3 Bedrooms, 3.5 Baths | 2,169 ft2
Superior Ink, #12B (Douglas Elliman Real Estate)
From the Listing: Luxury Fifth Avenue duplex with direct Park views. This non-replicable residence is a modern masterpiece that accentuates a naturally elevated and gracious lifestyle. This architecturally significant duplex boasts over 70 feet of direct Central Park views over two floors. The extraordinary home underwent a meticulous four-year designer renovation and is in triple mint condition, offering 13 voluminous rooms, 5 bedrooms, and 5.5 bathrooms, spanning nearly 5,000 square feet.
The gallery foyer boasts high ceilings and is modeled after a 16th century Venetian Palazzo. The Carerra marble floors have geometric patterns. A custom designed, Lindsey Adelman chandelier hangs 20 feet above the double height staircase. This impressive reception room has custom Venetian plaster walls that grace the staircase area and upper foyer walls along with LED lighting. See floor plan and full details here.
955 Fifth Avenue has 1 public availability asking $7,250,000.
#6 (tie). The Stanhope, #5S
Last Ask: $9,995,000 (-11.2%)
Carnegie Hill | Condop | 5 Bedrooms, 5.5 Baths | 4,357 ft2
The Stanhope, #5S (Douglas Elliman Real Estate)
#6 (tie). 40 Leroy Street, #TH
Last Ask: $9,995,000
Greenwich Village | Townhouse | 4 Bedrooms, 3 Baths | 3,650 ft2
40 Leroy Street, #TH (Compass)
#5. 129 East 70th Street, #TH
Last Ask: $12,995,000
Park/Fifth Ave. to 79th St. | Townhouse | 4 Bedrooms, 5 Baths | 5,608 ft2
129 East 70th Street, #TH (Serhant LLC)
#4. 135 East 79th Street, #PH15E
Last Ask: $18,000,000
Carnegie Hill | Condominium | 5 Bedrooms, 5.5 Baths | 5,188 ft2
135 East 79th Street, #PH15E (Compass)
#3. Central Park Tower, #69W
Last Ask: $19,500,000
Midtown West | Condominium | 3 Bedrooms, 3.5 Baths | 3,165 ft2
Central Park Tower, #69W (Corcoran Sunshine Marketing Group)
#2. 14 East 81st Street, #TH
Last Ask: $19,995,000
Carnegie Hill | Townhouse | 6+ Bedrooms, 6+ Baths | 8,200 ft2
14 East 81st Street, #TH (Modlin Group LLC)
#1. 778 Park Avenue, #9thFloor
Last Ask: $20,000,000
Park/Fifth Ave. to 79th St. | Cooperative | 6+ Bedrooms, 6+ Baths
778 Park Avenue, #9thFloor (Sothebys International Realty)
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