Extell-developed towers dominate top contracts; Phillip Lim's Soho loft finds a buyer

Central Park Tower, #69E, the top contract of January 1-7, 2024 (Corcoran Sunshine Marketing Group)

Monday, Jan 8, 2024 By CityRealty Staff, CityRealty contributor

While it may be overstating things to say that the market has come roaring back in 2024 following some quiet holiday weeks, Olshan Realty's luxury market report nevertheless recorded 17 Manhattan contracts priced $4 million and up from January 1-7, 2024, or close to double the 10 of last week. This is especially notable seeing as the New Year's Day holiday fell on a Monday and abbreviated the first business week of 2024.

The first business week of 2024 was a good one for developer Extell. Central Park Tower, the tallest residential building not just on Billionaires' Row but in the Western Hemisphere, led the charge with Residence #69E, which was asking $24,500,000. This three-bedroom, three and a half-bath home is situated about 700 feet up in the tower and enhanced by classic Central Park views from floor-to-ceiling windows.

It was trailed by Residence #40 at 50 West 66th Street, another Extell project, which had the second-highest contract with an asking price of $16,500,000. This unit has three bedrooms, three and a half baths, 2,816 interior square feet, and a private loggia with Central Park views. While not technically a supertall at 775 feet high, it is nevertheless the tallest building in its Upper West Side neighborhood by far and set to utterly transform/disrupt the local skyline not unlike the towers of Billionaires' Row. Closings are expected to commence later this year.

Also last week, the full-floor Soho loft of CFDA Award-winning fashion designer Phillip Lim entered contract with an asking price of $8,500,000 about two and a half months after he listed it, in the week's top co-op contract and fifth-highest overall. According to The Wall Street Journal, Mr. Lim bought the rear half of his unit for $2.285 million in 2007 to live in, and used the rest of the floor as a design space after buying it for $1.85 million in 2011. He later spent about $3 million to combine and renovate the spaces into one chic apartment with a chef's kitchen, library with custom bookshelves, and parlor with custom marble sculpture.

Mr. Lim is reportedly spending more of his time at his Long Island home, but hopes to find another renovation project in the city. He was willing to sell the furnishings at an additional price, but it is not known whether they were included in the sale or not.

The top 10 contracts may be seen below, along with a full list of last week's contracts. Contracts from January 1-7, 2024 may also be viewed in a separate window here.

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#10. 1115 Fifth Avenue, #10C
Last Ask: $5,950,000

Carnegie Hill | Cooperative | 5 Bedrooms, 5 Baths

1115 Fifth Avenue, #10C (Brown Harris Stevens Residential Sales LLC)

From the Listing: This high-floor apartment offers extraordinary graciousness, exceptional space and incredible light. It is located in a prime full-service cooperative building, designed in 1926 by J.E.R. Carpenter, with open north, east, and south views. The large entrance foyer off of the private elevator landing radiates to the corner living room with its wood-burning fireplace, the library with a corner study, and the formal dining room. The proportions of the rooms are particularly generous and the flow among the public rooms is ideal for entertaining. A separate bedroom wing boasts four large bedrooms, including the sun-flooded, corner primary bedroom. See floor plan and full details here.

1115 Fifth Avenue has one public availability asking $6,995,000.

#9. Arloparc, #4A
Last Ask: $6,550,000

Carnegie Hill | Condominium | 4 Bedrooms, 3.5 Baths | 3,191 ft²

Arloparc, #4A (Corcoran Group)

From the Listing: Full Floor Residence 4A is a 4-bedroom, 3.5-bathroom home spanning 3,191 interior square feet and offering northern and southern exposures. Arriving at the private entry foyer with marble flooring and custom Venetian plaster wall, you enter into an expansive great room. The residence features ceilings over 10' and European white oak flooring in a Herringbone pattern throughout. Thoughtful upgrades include base, crown, and picture moldings, custom Circa lighting, triple glazed oversized noise-canceling windows pre-wired for electric shades, and an air purification and filtration system specific to each residence. See floor plan and full details here.

Arloparc has 3 public availabilities from $2,850,000.

#8. Lantern House, #1803
$7,575,000

Chelsea | Condominium | 4 Bedrooms, 4.5 Baths | 2,737 ft²

Lantern House, #1803 (Corcoran Group)

From the Listing: Residence 1803 is a generously sized four-bedroom, 4.5-bath home offering south and west exposures with stunning views of the Hudson River. The gracious foyer and oversized great room lead to beautiful interiors that feature a custom kitchen designed by March & White and including custom bronze finished trim and hardware, Gaggenau appliances including wine refrigeration, and a custom suspended light fixture of bronze-finished metal and specialty glass. The primary bedroom suite includes dual walk-in closets, and the windowed en-suite primary bathroom features Nestos Beige marble slab flooring and walls. See floor plan and full details here.

Lantern House has 7 public availabilities from $2,995,000.

#7. Lantern House, #1904
Last Ask: $7,475,000 (-7.1%)

Chelsea | Condominium | 3 Bedrooms, 3 Baths | 2,167 ft²

Lantern House, #1904 (Corcoran Group)

From the Listing: Views for miles over the Hudson River and sparkling city skyline from this high-floor three-bedroom home! Dramatic three-dimensional bay windows are featured in every room at Lantern House offering charm, character and enhanced light and views keeping residents and their sense of home at the center of its design ethos. The gracious foyer and oversized great room lead to beautiful interiors that feature a custom kitchen designed by March & White. The primary bedroom suite includes a dressing area, and the en-suite primary bathroom features Nestos Beige marble slab flooring and walls. See floor plan and full details here.

Lantern House has 7 public availabilities from $2,995,000.

#6. 432 Park Avenue, #50A
Last Ask: $8,250,000 (-17.1%)

Midtown East | Condominium | 2 Bedrooms, 2 Baths | 1,789 ft²

432 Park Avenue, #50A (Engel & Volkers New York Real Estate LLC)

From the Listing: Overlooking Central Park from the 50th floor of the iconic 432 Park Avenue, this 1,789-square-foot two-bedroom, two-bathroom residence features soaring 12’-6” ceilings and 10’ x 10’ windows providing abundant light and dynamic park and river views through northern and eastern exposures. A gracious entry gallery leads to a large corner living and dining room perfect for entertaining. The windowed open kitchen is outfitted with white lacquer and natural oak cabinetry, marble counters and floors, and marble breakfast bar with East River views. See floor plan and full details here.

432 Park Avenue has 15 public availabilities from $5,750,000.

#5. 19 Greene Street, #4
Last Ask: $8,500,000

SoHo | Cooperative | 2 Bedrooms, 2.5 Baths

19 Greene Street, #4 (Compass)

From the Listing: This is the quintessential New York downtown loft, a space that has been completely re-interpreted - acknowledging old-world bones while embracing modern refinement. In combining two units to create the full floor two-bedroom, two-and-a-half bathroom home, the layout conveys a perfect sense of symmetry from front to back - an equal number of windows lights the public and private spaces at both ends, while uniform matte limestone radiator covers anchor the space beneath. This equilibrium not only adds to the calm of the home, it establishes a natural flow for entertaining - from the elegant salon to the intimate dining room, and finally, to the inviting living room lined by a sumptuous ebony library wall. See floor plan and full details here.

19 Greene Street has no public availabilities.

#4. 156 Waverly Place, #NA
Last Ask: $8,750,000

Greenwich Village | Townhouse | 6+ Bedrooms, 6+ Baths | 6,072 ft²

156 Waverly Place, #NA (Douglas Elliman Real Estate)

From the Listing: Located on one of the most unique and charming blocks in the heart of Greenwich Village is 156 Waverly Place. This 22'-wide, five-story townhouse was built in 1839 along with seven other Greek Revival townhouses, making up the recognizable and picturesque row of homes we see today. The beautiful townhouse, delivered vacant, boasts 6,072 square feet internally, ample original details including NINE original fireplaces, and grand ceiling heights throughout. Externally, the home features multiple outdoor spaces including a grand south-facing garden, with access from both the parlor and garden level, another patio located on the garden level, and a terrace on the fourth level with views of the Freedom Tower, equating to around 1,000 square feet of existing outdoor space, with the potential to add much more with the addition of a roof deck. See floor plan and full details here.

#3. 15 Central Park West, #28B
Last Ask: $15,750,000

Central Park West | Condominium | 2 Bedrooms, 2.5 Baths | 2,367 ft²

15 Central Park West, #28B (Corcoran Group)

From the Listing: Welcome to 28B, a 2,367-square-foot residence in the premier 15 Central Park West featuring unobstructed views of Central Park and beyond. Enter through the foyer of this two-bed, two-and-a-half bath home and be immediately greeted by soaring views of the park and plentiful natural light. Floor-to-ceiling windows frame the living space and adjoining dining area has over scale windows as well. The open, eat-in kitchen has a center island with a five-burner Wolf stovetop, double wall oven and microwave, Sub-Zero fridge/freezer, wine fridge and Miele dishwasher. A washer/dryer is concealed in the pantry. See floor plan and full details here.

15 Central Park West has 9 public availabilities from $3,395,000.

#2. 50 West 66th Street, #40W
Last Ask: $16,500,000

Central Park West | Condominium | 3 Bedrooms, 3.5 Baths | 2,816 ft²

50 West 66th Street, #40W (Douglas Elliman Real Estate)

From the Listing: 50 West 66th Street is slated to be one of the tallest and most important residential buildings that will transform the Upper West Side and the New York City skyline. Tower residence 40W is a gracious 2,816-square-foot, 3-bedroom 3.5-bath home with a 145-square-foot private loggia with spectacular views of Central Park and Hudson River from north, west, and south exposures. It features top-of-the-line finishes, including Smallbones of Devizes kitchens with Meile and Sub-Zero appliances, 12 inch oak flooring, ceiling heights up to 13'-6", marble bathrooms, and generous closets. See floor plan and full details here.

50 West 66th Street has 8 public availabilities from $4,600,000.

#1. Central Park Tower, #69E
Last Ask: $24,500,000

Midtown West | Condominium | 3 Bedrooms, 3.5 Baths | 3,364 ft²

Central Park Tower, #69E (Corcoran Sunshine Marketing Group)

From the Listing: This three-bedroom, three and one-half bathroom residence at Central Park Tower offers gracious living enhanced by quintessential Central Park views from an elevation over 700 feet. Nearly 11-foot ceilings and floor-to-ceiling seven-foot-wide glass panels allows for an abundance of natural light throughout the home. The formal entry foyer and gallery lead to an expansive great room featuring both north and east facing views. The gourmet kitchen features custom cabinetry by Smallbone of Devizes, and premium Miele appliances create the perfect setting for entertainment. The intelligently designed floor plan features dual exposures, three en-suite bedrooms and a separate powder room. See floor plan and full details here.

In this article:

Select which properties are of interest to you:

#10. 1115 Fifth Avenue, #10C
Last Ask: $5,950,000

1115 Fifth Avenue has one public availability asking $6,995,000.

#9. Arloparc, #4A
Last Ask: $6,550,000

Arloparc has 3 public availabilities from $2,850,000.

#8. Lantern House, #1803
$7,575,000

Lantern House has 7 public availabilities from $2,995,000.

#7. Lantern House, #1904
Last Ask: $7,475,000 (-7.1%)

Lantern House has 7 public availabilities from $2,995,000.

#6. 432 Park Avenue, #50A
Last Ask: $8,250,000 (-17.1%)

432 Park Avenue has 15 public availabilities from $5,750,000.

#5. 19 Greene Street, #4
Last Ask: $8,500,000

19 Greene Street has no public availabilities.

#4. 156 Waverly Place, #NA
Last Ask: $8,750,000

#3. 15 Central Park West, #28B
Last Ask: $15,750,000

15 Central Park West has 9 public availabilities from $3,395,000.

#2. 50 West 66th Street, #40W
Last Ask: $16,500,000

50 West 66th Street has 8 public availabilities from $4,600,000.

#1. Central Park Tower, #69E
Last Ask: $24,500,000

Central Park Tower has 11 public availabilities from $6,500,000.

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Extell-developed towers dominate top contracts; Phillip Lim's Soho loft finds a buyer

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Manhattan sales led by a record-breaking Nolita penthouse and a steeply discounted 432 Park pad; Hanya Yanagihara nets 80% profit on Soho loft condo

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Price Cuts: Sandie Tilotson's penthouse at Mandarin Oriental reduced by $15M; UWS brownstone with underground pool now 20% off

Rebound in Manhattan sales includes Harry Belafonte's UWS co-op, a $47M Central Park Tower aerie, and trophy deals in landmarks