Homes in The Whitman Mansion and 432 Park Avenue linked to Jennifer Lopez accounted for two of Manhattan's top sales
Manhattan Sales:
- For the week ending August 2, 2024, $570,114,778 worth of transactions across 272 condo, condop, and cooperative deals were recorded
- 105 condo sales came to an aggregate price of $333,062,883
- 14 condop sales came to an aggregate price of $46,988,765
- 153 co-op sales came to an aggregate price of $190,063,130
In this article:
As July 2024 gave way to August, the number of sales recorded in Manhattan dipped slightly week over week. However, thanks to a number of high-priced luxury sales recorded for the week ending August 2, 2024, the value of Manhattan's sales rose slightly in the same time period.
A few short weeks after the penthouse at Aman New York Residences set a new record as the highest sale of the year, the residential conversion of Fifth Avenue's Crown Building is back on top: Residence #23A closed for $64,000,000 in the week's top sale by far. The seller is listed as A7P Trust Co., which Crain's New York Business notes has been linked to purchases of several homes by Meta (ne Facebook) executives. It also identified the transaction as "the first successful flip" in the building; the seller paid $50,604,750 for it earlier this year.
Aman New York Residences (Douglas Elliman)
According to the building's offering plan, Residence #23A has four bedrooms, five full baths, a powder room, and a home theater. The buyer will enjoy access to such amenities as a double-height sky lobby with piano bar, a cigar lounge with adjoining terrace, a wine library, two restaurants, and the services of the three-story, 25,000-square-foot Aman Spa, not to mention special privileges at Aman resorts all over the world.
In the second-highest sale and top Downtown sale of the week, Jennifer Lopez offloaded the penthouse at The Whitman Mansion for $23,000,000. The multi-hyphenate powerhouse bought it for $20.1 million in October 2014 and initially listed it for $26.95 million in 2017; it has been on and off the market since then, holding relatively firm in its asking price during this time (h/t Gimme Shelter).
One of only four units in its NoMad loft building, the penthouse is rich in original details like casement windows, high ceilings, and hardwood floors. However, modern perks include smart home infrastructure, a custom chef's kitchen, and a super-luxe primary suite with a large dressing room, two en suite baths, and two private terraces.
The penthouse's buyer conducted the transaction through a trust, but another high-profile figure would not be unexpected. Past and present residents of The Whitman Mansion have included writer/activist Chelsea Clinton, hedge fund trader John Silvetz, model Wilda Deon Bray, and former NASCAR driver Jeff Gordon. Mr. Gordon sold his apartment in the building for $13,500,000 in July 2023; more recently, it has come back on the market for $12,995,000.
The penthouse's buyer conducted the transaction through a trust, but another high-profile figure would not be unexpected. Past and present residents of The Whitman Mansion have included writer/activist Chelsea Clinton, hedge fund trader John Silvetz, model Wilda Deon Bray, and former NASCAR driver Jeff Gordon. Mr. Gordon sold his apartment in the building for $13,500,000 in July 2023; more recently, it has come back on the market for $12,995,000.
432 Park Avenue via DBOX; Jennifer Lopez and Alex Rodriguez via Wiki Commons
During the time the penthouse was in limbo, Ms. Lopez and then-partner Alex Rodriguez bought Residence #36A, a half-floor three-bedroom condo, at Billionaires’ Row supertall 432 Park Avenue for $15,316,716 in spring 2018. Less than a year later, amidst concerns that it was too small for their combined family, they listed it for $17.5 million in January 2019. It ultimately closed for $15.75 million in June 2019, earning them a small profit and going far more quickly than the penthouse. Residence #36A has changed hands since then, and, coincidentally, closed for $10,700,000 last week. While nearly 30% below the $14.75 million asking price when it entered contract in May 2024, it was still good enough for the fourth-highest sale of the past week.
Along with 432 Park Avenue, the past week was a good one for another skyline standout: A total of $24,840,000 across three sales was recorded at One High Line, the full-block, twin-towered development by Bjarke Ingels Group in West Chelsea. Among them was the four-bedroom Residence #W25D, which closed for $13,600,000 in the third-highest sale of the week.
One High Line (Evan Joseph)
The closings come at a time when work is continuing apace on the development's public plaza on Tenth Avenue and New York's first Faena Hotel outpost is gearing up to open in One High Line's East Tower in early 2025. These buyers, like all One High Line residents, will enjoy amenities and special privileges at the hotel as well as exclusive residential amenities.
Further downtown, a total of $25,350,000 in sales was recorded at 450 Washington Street, a waterfront Tribeca building that was constructed as a rental but was converted to sales units in 2023 with significant upgrades to the facade, apartments, and indoor/outdoor amenities. The six sales included Residence #702, which closed for $9,975,000 in the fifth-highest sale of the week.
This four-bedroom home measures 2,955 interior square feet and opens up to a 1,926-square-foot wraparound terrace; at the time it was listed, it had the largest private terrace on the market in Tribeca. It entered contract with an asking price of $10,995,000 in June 2024 after about a month and a half on the market. The buyer paid tribute to its most notable feature by conducting the transaction under 450 Washington Terrace LLC.
This four-bedroom home measures 2,955 interior square feet and opens up to a 1,926-square-foot wraparound terrace; at the time it was listed, it had the largest private terrace on the market in Tribeca. It entered contract with an asking price of $10,995,000 in June 2024 after about a month and a half on the market. The buyer paid tribute to its most notable feature by conducting the transaction under 450 Washington Terrace LLC.
450 Washington Street, with private terraces overlooking the Hudson River
450 Washington Street, #702 (Corcoran Sunshine Marketing Group)
From the Listing:
Residence #702 is a haven of luxury and tranquility with unobstructed panoramas of the Hudson River. Nestled in the heart of Tribeca, this expansive 4-bedroom, 4.5-bath home welcomes you with the breathtaking sight of the Hudson River Park treetops, the glistening waters of the river, and stunning sunsets each day. The spacious great room, situated on the southwest corner, enjoys natural light throughout the day, creating an inviting and serene ambiance. Step out onto the expansive, 1,926-square-foot private terrace, complete with an outdoor kitchen, offering the perfect setting to dine al fresco and savor stunning views of the Hudson River while entertaining guests or simply enjoying a quiet moment of relaxation.
Residence #702 is a haven of luxury and tranquility with unobstructed panoramas of the Hudson River. Nestled in the heart of Tribeca, this expansive 4-bedroom, 4.5-bath home welcomes you with the breathtaking sight of the Hudson River Park treetops, the glistening waters of the river, and stunning sunsets each day. The spacious great room, situated on the southwest corner, enjoys natural light throughout the day, creating an inviting and serene ambiance. Step out onto the expansive, 1,926-square-foot private terrace, complete with an outdoor kitchen, offering the perfect setting to dine al fresco and savor stunning views of the Hudson River while entertaining guests or simply enjoying a quiet moment of relaxation.
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432 Park Avenue, #36A (Douglas Elliman)
From the Listing:
This grand 4,003-square-foot, three-bedroom residence with library and four and a half baths offers generous proportions and abundant light throughout. Interior features include a private elevator landing, solid oak flooring, 12'-6 ceilings, and expansive 10' x10' windows. An elegant gallery leads to a gracious corner living room and dining room with views of Central Park to the north and the Manhattan skyline to the east. The windowed eat-in chef's kitchen also offers Central Park views and includes a center-island, marble floors and countertops, white lacquer and natural oak cabinetry, Miele stainless steel appliances and Dornbracht polished chrome fixtures.
This grand 4,003-square-foot, three-bedroom residence with library and four and a half baths offers generous proportions and abundant light throughout. Interior features include a private elevator landing, solid oak flooring, 12'-6 ceilings, and expansive 10' x10' windows. An elegant gallery leads to a gracious corner living room and dining room with views of Central Park to the north and the Manhattan skyline to the east. The windowed eat-in chef's kitchen also offers Central Park views and includes a center-island, marble floors and countertops, white lacquer and natural oak cabinetry, Miele stainless steel appliances and Dornbracht polished chrome fixtures.
One High Line (Evan Joseph)
One High Line, #W25D (Corcoran Sunshine Marketing Group)
From the Listing:
West 25D at One High Line is an exquisite 3,881-square-foot four-bedroom and four-and-a-half-bathroom corner residence curated by Gabellini Sheppard Associates with north and east and south exposures. This remarkable home features southern and western exposure overlooking the Hudson River and receiving an abundance of natural light throughout the day. Residence 25D boasts a generous great room and open kitchen custom designed by Bulthaup, complete with White Princess Quartzite countertops and backsplash, a robust Gaggenau appliance package and stainless-steel fixtures by CEA Design. The southeast-facing primary suite, complete with floor-to-ceiling windows, welcomes natural light throughout the day.
West 25D at One High Line is an exquisite 3,881-square-foot four-bedroom and four-and-a-half-bathroom corner residence curated by Gabellini Sheppard Associates with north and east and south exposures. This remarkable home features southern and western exposure overlooking the Hudson River and receiving an abundance of natural light throughout the day. Residence 25D boasts a generous great room and open kitchen custom designed by Bulthaup, complete with White Princess Quartzite countertops and backsplash, a robust Gaggenau appliance package and stainless-steel fixtures by CEA Design. The southeast-facing primary suite, complete with floor-to-ceiling windows, welcomes natural light throughout the day.
The Whitman Mansion, #PH (Brown Harris Stevens)
From the Listing:
This grand and luxurious duplex penthouse occupies the top two floors of the historic Whitman Mansion and offers over 9,500 square feet of indoor/outdoor living space with 4 terraces and unobstructed views overlooking Madison Square Park! A private keyed-elevator landing with secured entrance foyer leads to a massive sky-lit great room with high ceilings, wide-plank rift oak floors and brilliant southern light through a wall of Palladian-style windows with multiple french doors opening onto an enchanted park-side terrace. Beyond this magnificent room, you'll find the enormous custom Arclinea chef's kitchen with separate dining area and lounge.
This grand and luxurious duplex penthouse occupies the top two floors of the historic Whitman Mansion and offers over 9,500 square feet of indoor/outdoor living space with 4 terraces and unobstructed views overlooking Madison Square Park! A private keyed-elevator landing with secured entrance foyer leads to a massive sky-lit great room with high ceilings, wide-plank rift oak floors and brilliant southern light through a wall of Palladian-style windows with multiple french doors opening onto an enchanted park-side terrace. Beyond this magnificent room, you'll find the enormous custom Arclinea chef's kitchen with separate dining area and lounge.
1 Available Listing for Sale for $12,995,000
1 Available Listing for Sale for $28,000,000
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