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Views from 15 Central Park West #27A, the past week's top contract Views from 15 Central Park West #27A, the past week's top contract
There has been much ado about supply chain woes affecting the arrival of new furnishings, but the pandemic has also had an impact on home renovations. The lockdown and work-from-home arrangements inspired many New Yorkers to update their apartments, and this increased demand led to increased wait time that came on top of labor shortages brought on by sick workers. With all that in mind, it is little wonder that turn-key, move in-ready apartments are in high demand.
Manhattan Contracts:

  • From March 7-13, 2022, a total of 304 condos, co-ops, and condops entered contract
  • The total sticker price sum came to $717.35 million, and the median last asking price came to $1,350,000
  • The average time on the market was 95 days
  • The 134 condo deals spent an average of 92 days on the market, and the median last asking price was $1.785 million
  • The 160 co-op deals spent an average of 100 days on the market, and the median last asking price was $850K
Last week, 15 Central Park West, #27A had the top contract with an asking price of $25,000,000, or just above the $24,500,000 that the unidentified seller paid for it in 2011. Olshan Realty's market report notes that this is the fourth time in 2022 that a listing in this Robert A.M. Stern-designed building has had the top sale, but there is only one that looks like this: The apartment features interiors by Thad Hayes, who was named one of 30 "Deans of American Design" by Architectural Digest, with a hand-crafted bar at the center. It offers a unique entertaining setting in addition to the grand living room, formal dining room, and eat-in chef's kitchen.

37-Warren-Street-01 Warren Lofts, #PHCD (Douglas Elliman)
The top downtown contract and second-highest overall contract, a penthouse in Warren Lofts that entered contract with a $19,995,000 asking price, also benefitted from a top-of-the-line renovation. The 1931 industrial building was expanded and converted to a condo in 2014; more recently, a penthouse unit in the addition was completely redesigned by Steven Harris Architects. Features include top-of-the-line materials, open entertaining spaces, and ultra-private bedrooms with generous closet space and en suite baths. The unidentified seller paid $12,728,125 for it in July 2014.

770-Park-Avenue-01 The Sonora, #10D (Brown Harris Stevens)
Even the most prestigious co-ops are not immune to the lure of renovations; in the wake of a two-year renovation by AD100 designer David Kleinberg, a 4-bedroom, 4.5-bath unit at The Sonora, a Rosario Candela-designed cooperative at 770 Park Avenue, had the top co-op contract with an asking price of $13,500,000. The renovation includes updated plumbing and electrical systems, new windows throughout - the better to make the most of Central Park and Park Avenue views - and creature comforts like high-end appliances in the kitchen, heated floors in all the bathrooms, and central air conditioning. However, none of this comes at the expense of prewar details like high ceilings and grand proportions.

15-Central-Park-West-01 15 Central Park West
Central Park West condos
Central Park West Billionaires Row
From the Listing:
This residence at Fifteen Central Park West, a building that has redefined luxury in New York, features commanding views over Central Park from one of its highest floors. The three-bedroom, three-and-a-half-bath apartment, spanning an impressive 3,100 square feet, offers an interior by designer Thad Hayes. The exquisite bar, which was crafted by Mr. Hayes and occupies its own room with wood floors in a chevron pattern and iridescent walls, is perfect for a drink before the theater at nearby Lincoln Center, or a nightcap to finish off an extraordinary evening in the city that never sleeps. The stately living and formal dining rooms are perfect for grand entertaining, and a chef’s kitchen effortlessly and elegantly accommodates a party of any scale.
8 Available Listings for Sale from $4.5M
3 Available Listings for Rent from $13,000/month

37-Warren-Street-01 Warren Lofts (Douglas Elliman)
Tribeca lofts
Tribeca condos
From the Listing:
A one-of-a-kind duplex, this bespoke residence was completely redesigned by Steven Harris Architects, bringing in dynamic elements that are complemented by a truly luxurious palette of materials. Artfully crafted and masterfully executed, the space has been transformed, offering the highest level of design, scale and architecture. The lush wrap-around-terrace is showcased through the oversized windows in every room on the main living level.

1-Central-Park-South-01 The Plaza (Compass)
Central Park condos
Central Park views
From the Listing:
Unique opportunity to combine two adjacent apartments: 1101 and 1102, to create a magnificent and spacious 3,800-square-foot five or six-bedroom, six-bathroom apartment at the Plaza Private Residences. This grand corner apartment offers breathtaking views of Central Park, 12-foot ceilings, a grand scale living room/dining room, and beautiful pre-war details throughout. Finishes encompass a decorative fireplace with a perfectly restored marble mantle, Carrera marble window sills, stylish crown and floor moldings, and herringbone oak floors with an inlaid border.
20 Available Listings for Sale from $999K
5 Available Listings for Rent from $7,500/month

770-Park-Avenue-01 The Sonora (CityRealty)
Park Avenue co-op The Sonora, #10D (Brown Harris Stevens)
Park Avenue views
From the Listing:
Ideally located at the corner of Park Avenue and 73rd Street, 770 Park Avenue is one of Rosario Candela’s most revered and distinguished cooperatives. This is a sophisticated and newly renovated nine-room apartment took two years to complete and was designed by David Kleinberg, one of AD’s 100 most respected names in architectural renovation and design. Enter the elegant gallery that connects all public rooms through three pairs of handsome floor to ceiling, lacquered, French doors. Be delighted by the sprawling corner living room that has an imported marble mantelpiece surrounding the wood-burning fireplace centered between two oversized windows with sun streaming in from the west, where you have a glimpse of Central Park and two more windows looking north to the iconic Carlyle Hotel.

435-East-52nd-Street-01 River House (CityRealty)
Beekman House co-ops River House, #22/23 (Warburg Realty)
River House views
From the Listing:
At the top of the renowned River House cooperative, this private tower residence spans two full floors with stunning panoramic views of New York City and the East River. The grand-scale rooms are accented by high ceilings, beautiful wood flooring and full-height windows. A private elevator opens into the main floors double-height entrance gallery with an elegant staircase. The stately 45-foot grand salon with wood-burning fireplace directly overlooks the river through large picture windows. Full-height double doors lead to the expansive corner dining room with large corner windows that also face the river.
4 Available Listings for Sale from $2.1M

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