7 Sutton Square, the top contract of the past week (Serhant LLC)
When an Upper East Side townhouse took Manhattan's top contract in mid-March 2023, it was the first time all calendar year that a townhouse had achieved this milestone. However, from March 27 - April 2, 2023, three of Manhattan's top five contracts were for townhouses, and the top apartment contract was for a townhouse unit in a boutique condominium.
7 Sutton Square, a Georgian-style mansion in a secluded Manhattan enclave, led the charge with a $29,500,000 asking price. The house, which was first listed for $39,800,000 in 2016 and has been on and off the market since, has five bedrooms, eight full baths, a majestic rotunda, a dramatic center staircase, an internal elevator, a dining terrace, and a rooftop terrace. The buyer was not identified, but Olshan Realty's market report identified the sellers as the Wildenstein family, famous for their art dealerships, and noted that they are poised to take a loss on it, having bought it for $32,500,000 in 2008.
7 Sutton Square, a Georgian-style mansion in a secluded Manhattan enclave, led the charge with a $29,500,000 asking price. The house, which was first listed for $39,800,000 in 2016 and has been on and off the market since, has five bedrooms, eight full baths, a majestic rotunda, a dramatic center staircase, an internal elevator, a dining terrace, and a rooftop terrace. The buyer was not identified, but Olshan Realty's market report identified the sellers as the Wildenstein family, famous for their art dealerships, and noted that they are poised to take a loss on it, having bought it for $32,500,000 in 2008.
A little further uptown, the mansion at 14 East 69th Street nipped at its heels with a $26,500,000 asking price, a slight reduction from the last asking price of $29,750,000 when it was listed in March 2021. The listing notes that the house had been with the same family for 46 years, and Olshan noted that before the contract was signed, five bidders were sent contracts requiring all cash, waiving engineer inspections, and allowing the seller to stay in possession for 60 days after closing. Two contracts came back with deposits, and an end user won the bid. Four days after the contract was signed, the house closed for $18,300,000 in a rush by the seller to beat a potential foreclosure.
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Walker Tower, #PH7 (Douglas Elliman)
The top downtown contract and fourth-highest overall was at Walker Tower, where a duplex penthouse with a spacious private terrace entered contract with a $12,500,000 ask. This is the first penthouse in the Ralph Walker-designed loft condominium to sell since September 2020, when the federal government sold a penthouse in the building that was purchased with funds stolen from the 1Malaysia Development Berhad (1MDB) at a heavily discounted price of $18.25 million, down 66.8% from the last ask.
The condo board tried to exercise its right of first refusal, argued that the sale would devalue the other units in the building, and even sued to evict the buyer and reverse the sale. But in June 2022, a federal judge dismissed the building's claim and allowed the buyer to stay. Moreover, Crain's New York Business noted that it was impossible to ascertain whether the prices of other recently sold units in the building were depressed because of the penthouse sale or because of the fact that they occurred during the pandemic, a time when property prices were depressed all over the city.
The condo board tried to exercise its right of first refusal, argued that the sale would devalue the other units in the building, and even sued to evict the buyer and reverse the sale. But in June 2022, a federal judge dismissed the building's claim and allowed the buyer to stay. Moreover, Crain's New York Business noted that it was impossible to ascertain whether the prices of other recently sold units in the building were depressed because of the penthouse sale or because of the fact that they occurred during the pandemic, a time when property prices were depressed all over the city.
7 Sutton Square, #TH (Serhant LLC)
From the Listing:
Wondrous details abound in this one-of-a-kind mansion, anchored by a majestic rotunda lined with a spiral filigree staircase and crowned with a glass dome. Other highlights include a classic Georgian-style façade, a central elevator, stunning parquet de Versailles hardwood floors, scagliola trims, concave custom designed doors, bullet-proof windows, dual professional kitchens, staff facilities, a dining terrace, and an incredible upper level deck–an enormous entertaining space that enjoys awe-inspiring views of the New York City skyline, bridges, and the East River. On the parlor floor of the house, residents enter the impressive vestibule with soaring double-height ceilings, flanked to the left and right by two doors: the left leads to the service wing while the right leads to a second direct entry to the grand salon. Straight through, one finds an elevator, a guest powder room, then a majestic rotunda.
Formal living and dining spaces sit on either side of this elegant receiving room. Expansive and bright, the double-width salon possesses dual gas fireplaces and bay windows that bathes the room with warm morning light. The dining room has an attached al fresco terrace and provides easy access to the China Room, and the proceeding breakfast room with serving kitchen that connects to a commercial-grade kitchen one floor below.
Wondrous details abound in this one-of-a-kind mansion, anchored by a majestic rotunda lined with a spiral filigree staircase and crowned with a glass dome. Other highlights include a classic Georgian-style façade, a central elevator, stunning parquet de Versailles hardwood floors, scagliola trims, concave custom designed doors, bullet-proof windows, dual professional kitchens, staff facilities, a dining terrace, and an incredible upper level deck–an enormous entertaining space that enjoys awe-inspiring views of the New York City skyline, bridges, and the East River. On the parlor floor of the house, residents enter the impressive vestibule with soaring double-height ceilings, flanked to the left and right by two doors: the left leads to the service wing while the right leads to a second direct entry to the grand salon. Straight through, one finds an elevator, a guest powder room, then a majestic rotunda.
Formal living and dining spaces sit on either side of this elegant receiving room. Expansive and bright, the double-width salon possesses dual gas fireplaces and bay windows that bathes the room with warm morning light. The dining room has an attached al fresco terrace and provides easy access to the China Room, and the proceeding breakfast room with serving kitchen that connects to a commercial-grade kitchen one floor below.
14 East 69th Street, #TH (Carini Group LLC)
From the Listing:
The only 30’ or wider mansion available between Fifth and Madison Avenues. Tremendous upside with renovated comps in the $50M to $60M on the block! This type of property is extremely rare to come by and has been with the same family for 46 years. Bring your architect/contractor to make it your dream home. It will be delivered vacant.
With its gorgeous French Renaissance limestone facade, this trophy property spans over 13,000 square feet and is comprised of five stories and a lower level. A four-passenger elevator is servicing all floors. The lot is is 30’ by 100’ and it is built out to up to 78’ deep.
The only 30’ or wider mansion available between Fifth and Madison Avenues. Tremendous upside with renovated comps in the $50M to $60M on the block! This type of property is extremely rare to come by and has been with the same family for 46 years. Bring your architect/contractor to make it your dream home. It will be delivered vacant.
With its gorgeous French Renaissance limestone facade, this trophy property spans over 13,000 square feet and is comprised of five stories and a lower level. A four-passenger elevator is servicing all floors. The lot is is 30’ by 100’ and it is built out to up to 78’ deep.
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Sixty East Eighty Sixth (CityRealty)
Sixty East Eighty Sixth, #TH (The Corcoran Group)
From the Listing:
The triplex at 60 East 86th Street is a one-of-a-kind, 4,850-square-foot south and north-facing residence with a 1,131-square-foot private outdoor terrace, offering both the charm and privacy of a brownstone with the service and comfort of a condominium. Accessed through a private ground floor vestibule, and therefore no need for elevator use, the main entertaining floor boasts a dramatic double-height great room with over 20-foot ceilings and a wall of south-facing windows overlooking the expansive outdoor patio.
Adjacent to the great room, is the windowed eat-in chef’s kitchen, with Caldia marble countertops, a center peninsula with dining bar, top of the line appliances with standalone Sub-Zero refrigerator/freezer, full-height Sub-zero wine fridge, capacious cabinets with three separate pantries, a Wolf gas range with 6 burners, double ovens, convection oven, warming drawers, sinks, and Miele dishwashers. Steps off the kitchen and great room is the extensive outdoor space outfitted with a complete outdoor kitchen set up with two Sub-Zero fridge drawers, separate ice machine, 2 warming drawers and Wolf BBQ for true indoor-outdoor living.
The triplex at 60 East 86th Street is a one-of-a-kind, 4,850-square-foot south and north-facing residence with a 1,131-square-foot private outdoor terrace, offering both the charm and privacy of a brownstone with the service and comfort of a condominium. Accessed through a private ground floor vestibule, and therefore no need for elevator use, the main entertaining floor boasts a dramatic double-height great room with over 20-foot ceilings and a wall of south-facing windows overlooking the expansive outdoor patio.
Adjacent to the great room, is the windowed eat-in chef’s kitchen, with Caldia marble countertops, a center peninsula with dining bar, top of the line appliances with standalone Sub-Zero refrigerator/freezer, full-height Sub-zero wine fridge, capacious cabinets with three separate pantries, a Wolf gas range with 6 burners, double ovens, convection oven, warming drawers, sinks, and Miele dishwashers. Steps off the kitchen and great room is the extensive outdoor space outfitted with a complete outdoor kitchen set up with two Sub-Zero fridge drawers, separate ice machine, 2 warming drawers and Wolf BBQ for true indoor-outdoor living.
Walker Tower (CityRealty)
Walker Tower, #PH7 (Douglas Elliman)
From the Listing:
This singularly unique, duplexed home embraces everything a penthouse should be. As a two- bedroom, three-bath apartment, it is very generously sized with over 2,400 square feet. The views are magical, facing both north to the city’s famous skyline and west to the river and a nightly show of the setting sun. Then, there is the private terrace with an additional 330 square feet and perfectly proportioned for alfresco dining. All of this within the preeminent and architecturally significant Walker Tower.
The living space occupies the first floor, encompassing a great room with floor-to-ceiling casement windows and wood-burning marble fireplace, along with a 10-foot ceiling and entry onto the terrace. It is perfectly designed for truly gracious entertaining, made all the more spectacular with views of the Empire State Building and Hudson Yards. Beyond the great room is the large chef’s kitchen and breakfast alcove, sitting in the northwest corner with views in both directions.
This singularly unique, duplexed home embraces everything a penthouse should be. As a two- bedroom, three-bath apartment, it is very generously sized with over 2,400 square feet. The views are magical, facing both north to the city’s famous skyline and west to the river and a nightly show of the setting sun. Then, there is the private terrace with an additional 330 square feet and perfectly proportioned for alfresco dining. All of this within the preeminent and architecturally significant Walker Tower.
The living space occupies the first floor, encompassing a great room with floor-to-ceiling casement windows and wood-burning marble fireplace, along with a 10-foot ceiling and entry onto the terrace. It is perfectly designed for truly gracious entertaining, made all the more spectacular with views of the Empire State Building and Hudson Yards. Beyond the great room is the large chef’s kitchen and breakfast alcove, sitting in the northwest corner with views in both directions.
327 West 76th Street, #TH (Compass)
From the Listing:
This extraordinary extra-wide 8,000 square foot house boasting two parlor floors, is currently in the golden hour of design construction; can be finished exactly as desired within 12-15 months. 327 West 76th Street provides a rare opportunity to build your particular dream home, sooner. The house has undergone a full year of expert design/construction and design planning with exceptional attention to detail and careful execution. The team has completed extensive due diligence, design research and have explored all possible expansion opportunities and multiple design layouts.
Design permits have been filed and completed. The future owner is welcome to utilize the knowledge and services of the existing full team including the architect/designer, GC, engineers, and expeditors. Located just off Riverside Drive on West 76th Street, this beautiful five-story, 22’ wide townhouse sits prominently on a charming tree-lined block.
The townhouse has been fully wired for security and smart home systems, with new plumbing and electrical and new duct work distribution throughout. The house has a rare piano nobile and consists of five bedrooms, five bathrooms, two powder rooms, four new gas fireplaces and two wood burning fireplaces, cove lighting, invisible built in speakers, newly refinished hardwood floors and nearly 8,000 square feet of interior living space with terraces on multiple levels.
This extraordinary extra-wide 8,000 square foot house boasting two parlor floors, is currently in the golden hour of design construction; can be finished exactly as desired within 12-15 months. 327 West 76th Street provides a rare opportunity to build your particular dream home, sooner. The house has undergone a full year of expert design/construction and design planning with exceptional attention to detail and careful execution. The team has completed extensive due diligence, design research and have explored all possible expansion opportunities and multiple design layouts.
Design permits have been filed and completed. The future owner is welcome to utilize the knowledge and services of the existing full team including the architect/designer, GC, engineers, and expeditors. Located just off Riverside Drive on West 76th Street, this beautiful five-story, 22’ wide townhouse sits prominently on a charming tree-lined block.
The townhouse has been fully wired for security and smart home systems, with new plumbing and electrical and new duct work distribution throughout. The house has a rare piano nobile and consists of five bedrooms, five bathrooms, two powder rooms, four new gas fireplaces and two wood burning fireplaces, cove lighting, invisible built in speakers, newly refinished hardwood floors and nearly 8,000 square feet of interior living space with terraces on multiple levels.
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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