$550M in NYC contracts fueled by Bob Dylan's townhouse and an UWS penthouse; Manhattan sees busiest week since June 2024

By CityRealty Staff | From Future New York Monday, March 3, 2025

Bob Dylan and 242 East 49th Street

After a mid-February slowdown, Manhattan's residential market rebounded with a strong uptick from February 24 - March 2, 2025. The number of contracts signed was the busiest week since June 2024, and allowed February 2025 to end with over 800 deals reported.

While cold weather and political uncertainty persist, the rebound was especially pronounced in Manhattan's luxury market with trophy homes near Central Park leading the pack for the week. Power broker Noble Black of Douglas Elliman Real Estate cited such factors as stock market conditions, return-to-office requirements at banks and other large companies, and high rents in a recent interview with Fox Business.

Last week, a total of $29,395,000 across three deals was signed at 212 West 72nd Street. These included Penthouse #N, which was asking $19,150,000 in the week's top apartment contract and second-highest overall. The five-bedroom penthouse spans over 4,600 interior square feet and is topped by a 1,184-square-foot roof terrace with an outdoor kitchen, a private hot tub, and views of iconic Central Park West architecture.

Amidst its conversion from a rental to a condominium, 212 West 72nd Street's interiors and amenities got a makeover from CetraRuddy. However, one thing that was impossible to improve upon was its central Upper West Side location: It is situated between Central Park and Riverside Park, and in close proximity to Lincoln Center, Beacon Theater, Columbus Circle, popular local dining, several gourmet supermarkets, and express and local transportation.

212 West 72nd Street | Credit: Colin Miller

For those still looking, we have a limited selection of gracious three- and four-bedroom residences, including homes with private outdoor space and open views, offering modern design, rich amenities, and an unbeatable location between Central Park and Riverside Park. - Ammanda Espinal, Sales Director at 212 West 72nd Street

Indeed, 212 West 72nd Street was among several new developments on the Upper West Side to triumph. Residence #8E at 50 West 66th Street had the week's fifth-highest contract with a $7,650,000 ask. Further uptown, Residence #16A at The Westly was not far behind with a $7,500,000 ask; it tied with another property for the week's fifth-highest contract. Finally, Residence #4A at The Henry was asking $7,050,000 in the week's tenth-highest contract. The buildings are located all over the Upper West Side, but share such commonalities as eye-catching architecture, expansive apartments, and heretofore unheard-of amenities for Upper West Side buildings (e.g., the rooftop pool at The Westly, a pickleball court at 50 West 66th Street, and a two-lane bowling alley at The Henry).

127 East 73rd Street, Upper East Side mansion

127 East 73rd Street, #TH (Compass)

But for all the space and amenities offered in new development condos, some luxury buyers prefer townhouses: About two weeks after a Stanford White-designed mansion had Manhattan's top contract, another of his designs followed suit: 127 East 73rd Street had the week's top contract with a $28,000,000 asking price. The house was built in 1904 for illustrator Charles Dana Gibson of "Gibson girl" fame, and he and his wife lived there until 1942 (h/t Daytonian in Manhattan). It was restored to a single-family mansion in 1999, and offers such perks as a wood-paneled half-basketball court, a media lounge, a home gym, and a temperature-controlled wine cellar.

The townhouse had the week's top contract by a wide margin, but the seller, finance executive Thomas Montag, will nevertheless take a loss on it: He bought it from Seattle Coffee Company founder John Hunt (h/t Observer) for $32.5 million in 2008, and put it on the market for $36 million in April 2024. The most recent ask is the result of a series of price reductions.

Bob Dylan and 242 East 49th Street | Interior photo credit: Hayley Day / DDReps for Sotheby’s International Realty

Further downtown, 242 East 49th Street had the week's second-highest townhouse contract and ninth-highest overall with an asking price of $7,250,000. As Curbed reported when it hit the market in December 2024, folk singer Bob Dylan rented a room from actress Ruth Gordon and her husband, writer Garson Kanin, in the 1980s; Mr. Dylan bought the house in his manager's name in 1990. He sold it to a property group in 2005.

The Brooklyn Tower is set to relaunch sales and nabbed a $4M contract last week (Corcoran Sunshine)

Also of note, two contracts were logged at The Brooklyn Tower, the tallest building in the borough, ahead of an anticipated relaunch Q1 2025. Sales launched in 2022, but Silverstein Properties took over the building's condo, rental, and retail units from JDS Development in July 2024 in the wake of financial difficulties. All listed condos were pulled from the market at the time, but sales are expected relaunch this spring (h/t The Real Deal).

The two homes in contract, like all condos in The Brooklyn Tower, are located on the uppermost floors of the building, above the retail space and rental units, the better to make the most of spectacular views through floor-to-ceiling windows. They feature interiors by Gachot Studios, high ceilings, European oak floors, kitchens with Absolute Black granite countertops and Miele appliances, and marble-clad primary baths. The unidentified buyers will enjoy access to over 120,000 square feet of residential amenities; including but not limited to a Life Time Fitness center, an outdoor pool deck and lounge wrapped around the building's iconic Gustavino dome, a 66th-story Sky Park with basketball and pickleball courts, and an 85th-story Sky Lounge.

Interior at The Brooklyn Tower (Douglas Elliman) | https://www.cityrealty.com/nyc/downtown-brooklyn/the-brooklyn-tower-9-dekalb-avenue/apartment-56C/GjpacloouxUbB

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#10. The Henry, #4A
Last Ask: $7,050,000

Broadway Corridor | Condominium | 4 Bedrooms, 4.5 Baths | 2,843 ft²

The Henry, #4A (Compass)

From the Listing: Residence #4A at The Henry is a graciously proportioned 4-bedroom, 4.5-bathroom corner apartment with both south and west exposures. Direct elevator access into a private foyer opens to a gallery and a 26-foot-long, 20-foot-wide corner living room. A large, windowed chef’s kitchen is open to the living room. Bedroom number two faces south over tree-lined 84th Street and is aligned with the living room, making it flexible for use as either a bedroom or a library. The primary bedroom suite features two generous closets and a beautiful five-fixture bath. See full details here.

The Henry has 6 public availabilities from $2,425,000.

#9. 242 East 49th Street, #TH
Last Ask: $7,250,000

Turtle Bay/United Nations | Townhouse | 5 Bedrooms, 5.5 Baths | 5,395 ft²

242 East 49th Street, #TH (Sothebys International Realty)

From the Listing: Move right into 242 East 49th Street, a renovated 19-foot-wide townhouse with elevator, which seamlessly blends the home’s architectural character with modern sensibilities. Built in 1899, this 5-bedroom, 5.5-bathroom home boasts approximately 5,400 square feet of interior space over five stories and features grand-scaled rooms, 7 woodburning fireplaces, stunning arched floor-to-ceiling windows, central A/C, security system, and an enchanting bi-level oversized south-facing rear garden. 242 East 49th Street is nestled in historic and coveted Turtle Bay Gardens, a private enclave of 20 homes steeped in history. See full details here.

#8. 15 West 81st Street, #6/7C
Last Ask: $7,350,000

Central Park West | Cooperative | 3 Bedrooms, 3.5 Baths

15 West 81st Street, #6/7C (Brown Harris Stevens Residential Sales LLC)

From the Listing: Designed by the renowned Emery Roth, this south-facing residence is perfectly positioned to capture magical vistas of the Rose Planetarium and the Museum of Natural History, making it one of Manhattan's most coveted addresses. A gracious 18-foot entrance gallery, complete with a renovated powder room, welcomes you into the home and sets an elegant tone for the rest of the residence. Beyond the gallery, an expansive 27' x 18' living room boasts three oversized windows that bathe the space in natural light. See full details here.

15 West 81st Street has one public availability asking $8,000,000.

#7 (tie). The Bazzini Building, #3E
Last Ask: $7,495,000

Tribeca | Condominium | 5 Bedrooms, 4.5 Baths | 4,380 ft²

The Bazzini Building, #3E (Douglas Elliman Real Estate)

From the Listing: Massive, meticulously-designed duplex at the boutique Bazzini Building in prime Tribeca! This incredible home is bathed in light by oversized windows on triple exposures, and brimming with the finest details, finishes and materials. Among the highlights are rich wide-plank wood floors, striking barrel vaulted ceilings, extensive custom built-ins, charming exposed brick, and decorative fireplaces. The main level entry foyer with a coat closet welcomes you and proceeds to a phenomenal wide-open living/dining/entertaining space that spans the entire length of the apartment. See full details here.

The Bazzini Building has no public availabilities.

#7 (tie). 16 Jay Street, #3
Last Ask: $7,495,000

Tribeca | Condominium | 3 Bedrooms, 2.5 Baths | 3,814 ft²

16 Jay Street, #3 (Sothebys International Realty)

From the Listing: Experience the epitome of loft living at 16 Jay Street tucked away on a quiet cobblestone street in historic Tribeca. With soaring ceilings and 5 oversized windows that flood the space with natural light, this spectacular space offers an airy, open ambiance throughout. Enter via a private key-locked elevator into a grand 37-foot wide entertaining space with 10.5-foot ceilings, exposed brick walls, classic cast-iron columns, and peaceful charming views of this unique neighborhood. The property also includes a private basement storage space for added convenience. See full details here.

16 Jay Street has one public availability asking $7,695,000.

#6 (tie). 126 East 86th Street, #16A
Last Ask: $7,500,000

Carnegie Hill | Condominium | 4 Bedrooms, 3.5 Baths | 2,863 ft²

126 East 86th Street, #16A (Douglas Elliman Real Estate)

From the Listing: Residence 16A at 126 East 86th Street is an extraordinary full-floor home spanning 2,863 interior square feet. A private elevator gallery opens up into a sprawling great room, with gracious living and dining spaces, punctuated with oversized, triple-glazed windows. The adjacent library extends the living space, while two private balconies totaling 160 square feet and with views of Central Park, allow for true indoor-outdoor living. See full details here.

126 East 86th Street has 4 public availabilities from $2,700,000.

#6 (tie). The Westly, #16A
Last Ask: $7,500,000

Riverside Dr./West End Ave. | Condominium | 4 Bedrooms, 3.5 Baths | 2,752 ft²

The Westly, #16A (Reuveni LLC)

From the Listing: Experience the epitome of luxury and timeless refinement at The Westly, classic Upper West Side charm with a welcomed twist. Enjoy panoramic views of the midtown skyline from three exposures of south, east, and north. Upon entering, a grand foyer with white oak herringbone flooring, an entry closet, and a powder room with Calacatta Gold marble floor and accent walls leads to a sprawling living and dining room. The windowed kitchen features Crema Delicato marble counters, white matte lacquer cabinet by Aster Cucine, and top-of-the-line Gaggenau appliances. See full details here.

The Westly has 8 public availabilities from $2,950,000.

#5. 50 West 66th Street, #8E
Last Ask: $7,650,000

Central Park West | Condominium | 3 Bedrooms, 3.5 Baths | 2,488 ft²

50 West 66th Street, #8E (Douglas Elliman Real Estate)

From the Listing: Extell's newest tower will have 124 ultra-luxury homes ranging from two bedrooms to full floors. The building boasts 50,000 square feet of amenity space including both an indoor and outdoor pool, squash court, full sized basketball and pickleball court, state of the art fitness center, Sky Lounge for entertaining and Porte cochere entrance. House residence 8E is a gracious 2,488-square-foot, 3-bedroom, 3.5-bath home. See full details here.

50 West 66th Street has 8 public availabilities from $5,995,000.

#4. 830 Park Avenue, #9/10B
Last Ask: $8,250,000 (-10.8%)

Park/Fifth Ave. to 79th St. | Cooperative | 4 Bedrooms, 3.5 Baths

830 Park Avenue, #9/10B (Corcoran Group)

From the Listing: Perched on the 9th and 10th floors of 830 Park Avenue, a premier turn-of-the-century white-glove co-operative, this spectacular sun-flooded corner home is a true architectural masterpiece. Expertly designed by Mitchell Studios and executed by John Hummel and Associates, no expense was spared utilizing the best of materials and systems while restoring the elegance of old-world detail. Each room of this glamorous home has generous scale, oversized new windows, and bountiful natural light. A storage bin is assigned with the sale. See full details here.

830 Park Avenue has no public availabilities.

#3. 10 Sullivan Street, #10A
Last Ask: $8,999,000

Soho | Condominium | 3 Bedrooms, 3.5 Baths | 2,950 ft²

10 Sullivan Street, #10A (Brown Harris Stevens)

From the Listing: Enter this architecturally significant full-floor home via a private keyed landing into a welcoming private entry foyer, where natural light pours in from the home’s Southern exposure. Enormous windows throughout illuminate the space and capture every view. The gracious gallery leads you to a spectacular great room featuring soaring approximately 11-foot ceilings, and panoramic views spanning 180 degrees to the south, east, and west. The Southern exposure creates an ideal ambiance for formal dining and to enjoy breathtaking views of downtown Manhattan and the iconic Freedom Tower. Parking space and private storage included. See full details here.

10 Sullivan Street has one public availability for rent asking $18,500/month.

#2. 212 West 72nd Street, #PHN
Last Ask: $19,150,000

Broadway Corridor | Condominium | 5 Bedrooms, 5.5 Baths | 4,683 ft²

212 West 72nd Street, #PHN (Douglas Elliman Real Estate)

From the Listing: This pinnacle Penthouse home atop 212 West 72nd Street is comprised of 4,683 interior square feet and 1,284 square feet of outdoor space that includes an extraordinary 1,184 square-foot roof terrace featuring an outdoor kitchen, multiple seating areas, and a hot tub. The majestic indoor/outdoor living spaces are complemented by spectacular views throughout of the iconic architectural crowns of the timeless Upper West Side landscape and the Midtown skyline including Central Park. Dramatic white oak entry doors with keyless entry open onto a double-height foyer with 5" white oak plank floors bathed in natural light from floor-to-ceiling windows. See full details here.

212 West 72nd Street has 12 public availabilities from $2,075,000.

#1. 127 East 73rd Street, #TH
Last Ask: $28,000,000 (-9.7%)

Park/Fifth Ave. to 79th St. | Townhouse | 6+ Bedrooms, 6+ Baths | 9,800 ft²

127 East 73rd Street, #TH (Compass)

From the Listing: On a tranquil tree-lined street central to the Upper East Side, this 22 foot wide mansion offers abundant indoor and outdoor space, beautiful light, extraordinary entertaining rooms, six spacious bedrooms and a generous eat-in kitchen, superb renovations…and a 20-foot-tall indoor basketball court. Designed and built in 1904 by Stanford White, this brick and limestone house in the Neo Federal Style features Doric columns, a mansard roof and approximately 10,000 square feet of living space. See floor plan and full details here.

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Select which properties are of interest to you:

#10. The Henry, #4A
Last Ask: $7,050,000

The Henry has 6 public availabilities from $2,425,000.

#9. 242 East 49th Street, #TH
Last Ask: $7,250,000

#8. 15 West 81st Street, #6/7C
Last Ask: $7,350,000

15 West 81st Street has one public availability asking $8,000,000.

#7 (tie). The Bazzini Building, #3E
Last Ask: $7,495,000

The Bazzini Building has no public availabilities.

#7 (tie). 16 Jay Street, #3
Last Ask: $7,495,000

16 Jay Street has one public availability asking $7,695,000.

#6 (tie). 126 East 86th Street, #16A
Last Ask: $7,500,000

126 East 86th Street has 4 public availabilities from $2,700,000.

#6 (tie). The Westly, #16A
Last Ask: $7,500,000

The Westly has 8 public availabilities from $2,950,000.

#5. 50 West 66th Street, #8E
Last Ask: $7,650,000

50 West 66th Street has 8 public availabilities from $5,995,000.

#4. 830 Park Avenue, #9/10B
Last Ask: $8,250,000 (-10.8%)

830 Park Avenue has no public availabilities.

#3. 10 Sullivan Street, #10A
Last Ask: $8,999,000

10 Sullivan Street has one public availability for rent asking $18,500/month.

#2. 212 West 72nd Street, #PHN
Last Ask: $19,150,000

212 West 72nd Street has 12 public availabilities from $2,075,000.

#1. 127 East 73rd Street, #TH
Last Ask: $28,000,000 (-9.7%)

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