Manhattan Contracts: $89.5M penthouse to set Upper East Side condo record; Iconic Village townhouse once home to Daniel Chester French finds buyer

By CityRealty Staff | From Future New York Today, February 24, 2026

Construction at 1122 Madison Avenue as of late February 2026 (CityRealty)

From February 16-22, 2026, a week that included the Presidents' Day federal holiday on Monday, February 16, 187 contracts were signed in Manhattan. The abbreviated business week likely led to a week-over-week decline in the number of contracts signed by default, though February 2026's contract volume is trending well below prior years, likely due to inclement weather for most of the month.

Last week, six of the ten highest-priced contracts were for homes on the Upper East Side. These included the most expensive condo ever for this part of Manhattan. The penthouse at 1122 Madison Avenue entered contract with an asking price of $89.5 million, the week's highest ask by far. If it closes for this price, it would be the most expensive condo ever sold on the Upper East Side, and come in just behind the neighborhood's most expensive apartment sale ever: Julia Koch's July 2022 purchase of Microsoft co-founder Paul Allen's penthouse at 4 East 66th Street for $101 million.

According to floor plans included with 1122 Madison Avenue's offering plan, the seven-bedroom, seven and a half-bath penthouse has a private loggia and a private terrace off the living room, a private balcony off the primary suite, and a private rooftop terrace overlooking Central Park. Interiors feature a massive Great Room, a separate kitchen, and bedrooms on the upper level for optimal privacy.

Several stories down, Residence #8SOUTH entered contract with an $11.08 million ask, the eighth-highest of the week. 1122 Madison Avenue is still under construction, and the sales office is located at Club Colette, a private club in the GM Building on Fifth Avenue. According to listings shown, 18 of the 26 units in the building have now entered contract.

Looking north up Madison Avenue at 1122 Madison

1122 Madison under construction in late February 2026 (CityRealty)

1122 Madison Avenue - Upper East Side -2

The Strathmore (Corcoran Sunshine Marketing Group) | https://www.cityrealty.com/nyc/yorkville/the-strathmore-400-east-84th-street/8016

While 1122 Madison Avenue was the week's most successful new development in terms of aggregate dollar amount for the fourth consecutive week, The Strathmore, located five blocks directly east, was the best-performing new development in terms of the number of contracts signed: Five were signed in the Upper East Side rental-turned-sales building. The one- through three-bedroom units enjoy incredible light and views by virtue of the building's signature height and bay windows, and interiors have been updated with new chevron flooring, custom Italian cabinetry and premium Miele appliances in the kitchens, Volaka marble in the en suite baths, smart thermostats, and vented washers and dryers.

In addition to the apartments, the amenities at The Strathmore are getting spruced up amidst the rental-to-sales conversion. They include a fitness center, an indoor pool, a squash court, a private dining room, a children's playroom, and a lounge. Sales launched in October 2025, and public availabilities range from a one-bedroom for $950K to a four-bedroom for $5.07 million.

125 West 11th Street, West Village townhouse

Studio turned living room at 125 West 11th Street, #TH | https://www.cityrealty.com/nyc/greenwich-village/125-west-11th-street/59804/NA/kKLyAcMoQFX

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In Greenwich Village, 125 West 11th Street entered contract with a $21.5 million ask in the week's top Downtown contract, top townhouse contract, and second-highest overall, setting it up to change hands for the first time in 69 years. Sculptor Gonzalo Fonseca and his wife, painter Elizabeth Kaplan Fonseca, received the house in late 1957 as a wedding present from her father after he bought it from dancer/choreographer Valerie Battis. Author Isabel Fonseca, one of four children who grew up to pursue an artistic career, told The New York Times, "We four children and the grandchildren were lucky to have the house as a constant in our lives, even when we grew up and moved away" when she listed the house following her mother's death in December 2022.

In the 1880s, decades before Ms. Battis or the Fonsecas moved in, sculptor Daniel Chester French lived in the house and worked in a studio in the back. He is best known for his sculpture of President Lincoln in the Lincoln Memorial in Washington, D.C. In New York, the younger Ms. Fonseca notes that some of his original mantels were reconfigured as a stone bench in front of the fireplace, and that the studio became a living room for her family.

Top NYC Contracts: February 16-22, 2026

#10. 515 Park Avenue, #19
Last Ask: $8,800,000 (-16.2%)

Park/Fifth Ave. to 79th St. | Condominium | 4 Bedrooms, 4.5 Baths | 3,257 ft²

515 Park Avenue, #19 (Douglas Elliman Real Estate)

From the Listing: Renovated high-floor condominium residence spanning 3,257 sq. ft. across a full floor, offering 4 bedrooms, 4.5 bathrooms, a formal dining room and eat-in kitchen, in one of Park Avenue's most sought-after white glove condominiums. The elevator opens directly onto your own private landing, leading to a gracious entry gallery, and to the expansive corner double-living room with oversized windows over Park Avenue, offering open views of the city, Central Park, and an abundance of natural light throughout the apartment. See full details here.

515 Park Avenue has 4 public availabilities from $6 million.

#9. 105 East 64th Street, #TH
Last Ask: $9,800,000

Park/Fifth Ave. to 79th St. | Townhouse | 6+ Bedrooms, 6+ Baths | 9,104 ft²

105 East 64th Street, #TH (Compass)

From the Listing: 105 East 64th Street is a fully approved, shovel-ready redevelopment opportunity for end users or developers to create a world-class, limestone single-family townhouse. Situated on a distinguished tree-lined block just off Park Avenue, this home is located in one of the Upper East Side’s most coveted neighborhoods. All approvals for the current plans (including Landmarks, DOB, structural, mechanical, plumbing, sprinkler, architectural, and foundation work) have been obtained, with new water service, storm and sewer connections in place, and electric and gas services filed with ConEd. See full details here.

#8. 1122 Madison Avenue, #8SOUTH
Last Ask: $11,075,000

Carnegie Hill | Condominium | 3 Bedrooms, 3.5 Baths | 2,765 ft²

1122 Madison Avenue, #8SOUTH (Corcoran Sunshine Marketing Group)

From the Listing: Designed by Studio Sofield and located at the corner of Madison Avenue and East 84th Street, 1122 Madison Avenue is a collection of 26 condominium residences defined by proportion, precision, and craftsmanship. Informed by the architectural traditions of the Upper East Side and Studio Sofield's disciplined approach to integrating contemporary living within a classical framework, the building offers a considered residential experience in one of New York City's most established neighborhoods. See full details here.

1122 Madison Avenue has no public availabilities.

#7. Sixteen Fifth Avenue, #6
Last Ask: $11,750,000 (-13%)

Greenwich Village | Condominium | 4 Bedrooms, 4.5 Baths | 3,727 ft²

Sixteen Fifth Avenue, #6 (Corcoran Sunshine Marketing Group)

From the Listing: Designed by the acclaimed Robert A.M. Stern Architects, Sixteen Fifth Avenue is an exclusive boutique condominium offering just 12 full-floor residences and two exceptional penthouses in the heart of Greenwich Village. With nearly 50 feet of prime Fifth Avenue frontage, Residence No. 6 is a meticulously crafted four-bedroom, four-and-a-half-bath home that spans an entire floor. A private elevator opens into a gracious entry gallery, leading to a grand great room framed by 7'6" Wausau windows and French inswing doors, flooding the space with natural light. See full details here.

Sixteen Fifth Avenue has 3 public availabilities from $12.75 million.

#6. 25 East 94th Street, #TH
Last Ask: $13,850,000

Carnegie Hill | Townhouse | 6+ Bedrooms, 6+ Baths | 8,200 ft²

25 East 94th Street, #TH (Compass)

From the Listing: This renovated 21-foot-wide brownstone offers nearly 8,200 square feet and three large outdoor spaces totaling over 1,200 square feet. Ideally located one half block from Central Park between Madison and Fifth Avenues, this massive and mint condition home is ready for move-in. Arranged across 6 floors, 25 East 94th Street has two massive entertaining levels, 5 (or 6) bedrooms, multiple home office spaces, 6.5 bathrooms, plus a recreation room/gymnasium in the cellar. Home can be sold with all furniture included. See full details here.

#5. 53 West 53, #49A
Last Ask: $15,350,000

Midtown West | Condominium | 4 Bedrooms, 4.5 Baths | 3,765 ft²

53 West 53, #49A (Douglas Elliman Real Estate)

From the Listing: Combining superb sophistication and craftsmanship with the intimate feeling of home, Residence 49A at 53 West 53 comprises 3,765 square feet, offering four bedrooms and a windowed study, four-and-a-half bathrooms, and north- and east-facing exposures. Gracious proportions and ceilings ranging up to approximately 11 feet set the awe-inspiring stage for world-renowned designer, Thierry Despont, to craft singular spaces in the sky with many custom elements typically reserved for primarily commissioned homes. See full details here.

53 West 53 has 15 public availabilities from $2.85 million.

#4. 430 Hudson Street, #TH
Last Ask: $15,750,000

West Village | Townhouse | 4 Bedrooms, 3.5 Baths | 6,543 ft²

430 Hudson Street, #TH (Serhant)

From the Listing: Located on a charming tree-lined block in the heart of the West Village, 430 Hudson Street is a magnificently renovated, 22-foot-wide townhouse spanning seven levels and blending historic charm with modern sophistication. Comprehensively reimagined by architect Andrew Franz, followed by a further recent renovation by Jonathan Schloss Architects, the property presents a rare opportunity to own a piece of Village history, meticulously updated for modern living. This rarely available property features a ground-floor commercial space, formally occupied by the Michelin-starred restaurant Piora, with two full cellar levels, along with a private, fully renovated owner's unit with 4 bedrooms, 3 full bathrooms and two powder rooms, plus four fantastic outdoor spaces. See full details here.

#3. The Kent, #PHC
Last Ask: $16,995,000

Yorkville | Condominium | 5 Bedrooms, 5.5 Baths | 5,188 ft²

The Kent, #PHC (Extell Marketing Group LLC)

From the Listing: Introducing Penthouse C, brand new crown jewel at The Kent, an Extell-developed luxury condominium in the heart of Carnegie Hill. This extraordinary 5,188-square-foot duplex features 5 bedrooms, 5.5 bathrooms, and 1,466 square feet of private outdoor space, offering panoramic views of Central Park, the East River, and the Manhattan skyline. Designed by Beyer Blinder Belle and Alexandra Champalimaud, the residence boasts 14’ ceilings, a 44’ Grand Salon with Italian marble fireplace, wall-to-wall floor-to-ceiling windows, and seamless indoor-outdoor flow. Tax abatement in place through 2039. See full details here.

The Kent has 2 public availabilities from $9 million.

#2. 125 West 11th Street, #TH
Last Ask: $21,500,000

Greenwich Village | Townhouse | 5 Bedrooms, 5.5 Baths | 7,876 ft²

125 West 11th Street, #TH (Compass)

From the Listing: Step into a piece of New York City history at 125 West 11th Street, a magnificent Greek Revival mansion that has served as a creative haven for over a century. Lovingly stewarded by the same family for nearly 70 years, this grand residence has been thoughtfully updated and modernized in preparation for the next chapter in its illustrious history. This exceptional, 22-foot-wide single-family home boasts nearly 8,000 square feet of interior space, complemented by 800+ square feet of private outdoor space and a modern elevator effortlessly connecting all six stories. See full details here.

#1. 1122 Madison Avenue, #PENTHOUSE
Last Ask: $89,500,000

Carnegie Hill | Condominium | 6+ Bedrooms, 6+ Baths | 9,350 ft²

1122 Madison Avenue, #PENTHOUSE (Corcoran Sunshine Marketing Group)

1122 Madison Avenue has no public availabilities.

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Top NYC Contracts: February 16-22, 2026

#10. 515 Park Avenue, #19
Last Ask: $8,800,000 (-16.2%)

515 Park Avenue has 4 public availabilities from $6 million.

#9. 105 East 64th Street, #TH
Last Ask: $9,800,000

#8. 1122 Madison Avenue, #8SOUTH
Last Ask: $11,075,000

1122 Madison Avenue has no public availabilities.

#7. Sixteen Fifth Avenue, #6
Last Ask: $11,750,000 (-13%)

Sixteen Fifth Avenue has 3 public availabilities from $12.75 million.

#6. 25 East 94th Street, #TH
Last Ask: $13,850,000

#5. 53 West 53, #49A
Last Ask: $15,350,000

53 West 53 has 15 public availabilities from $2.85 million.

#4. 430 Hudson Street, #TH
Last Ask: $15,750,000

#3. The Kent, #PHC
Last Ask: $16,995,000

The Kent has 2 public availabilities from $9 million.

#2. 125 West 11th Street, #TH
Last Ask: $21,500,000

#1. 1122 Madison Avenue, #PENTHOUSE
Last Ask: $89,500,000

1122 Madison Avenue has no public availabilities.

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