Karl Templar has found a buyer for his Chelsea townhouse, last listed for $14.5M (Sotheby's).
As June 2025 draws to a close, the number of contracts signed in Manhattan experienced a week-over-week jump. However, the aggregate dollar amount plateaued during this same time, setting June 2025 up to be the slowest contract month of the year to date.
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However, June 2025 isn't over yet: Today, Penthouse #16 at 109 East 79th Street entered contract with an asking price of $34,900,000. A rare resale in its Upper East Side boutique condominium, its features include a private keyed entry vestibule, separate wings for entertaining and sleeping, a gas fireplace in the living room, and access to two private terraces from all entertaining rooms.
The asking price represents a price reduction of over $3,000,000, but the penthouse will more than likely rank among the highest-priced contracts of next week, if not take the top spot. Moreover, the seller will still make a profit if it goes for this price, having bought it from the sponsor for $28,125,413 in September 2022.
The asking price represents a price reduction of over $3,000,000, but the penthouse will more than likely rank among the highest-priced contracts of next week, if not take the top spot. Moreover, the seller will still make a profit if it goes for this price, having bought it from the sponsor for $28,125,413 in September 2022.
The top contract signed from June 23-29, 2025 was for Tower Residence #39 at 111 West 57th Street, which was asking $20,500,000. The contract was signed shortly after a total of $31,400,000 across two sales was recorded in the super-skinny supertall, and this deal brings the building to over 80% sold. Remaining public availabilities include a handful of full-floor Tower Residences, a Loft Residence in the restored and landmarked Steinway Hall component of the project, and a quadruplex penthouse asking $110,000,000.
956 Fifth Avenue, #11FL (Brown Harris Stevens) | https://www.cityrealty.com/nyc/park-fifth-ave-79th-st/956-fifth-avenue/apartment-11FL/YQUbfsVoN
Tower Residence #39 looks out on beautiful views of Central Park, something it has in common with the top co-op contract of the week. The eleventh floor of 956 Fifth Avenue entered contract with a $8,995,000 ask, tying with a Chelsea condo for the seventh-highest ask overall of the week. The listing notes that it has been listed for the first time in over 50 years and needs updates, though it will be impossible to improve on those views of Central Park from the corner living room.
Superior Ink, #TH3, top Downtown contract of the week (Compass) | https://www.cityrealty.com/nyc/west-village/superior-ink-400-west-12th-street/apartment-TH3/fSBTahhfbVuV
While four of the ten highest-priced contracts of the past week were for single-family townhouses, one buyer gets the best of both worlds: The top Downtown contract was for Townhouse #3 at waterfront West Village condominium Superior Ink, which was asking $18,000,000. The unidentified buyer of the townhouse unit, which is also known as 66 Bethune Street, is set to enjoy the privacy and layout of a single-family home with direct access to Superior Ink's gym, screening room, lounge, and other amenities.
Public records show that the seller paid $11,506,225 for it in August 2010. They have not been identified, but the Robert A.M. Stern-designed condominium has counted fashion designer Marc Jacobs (who had another townhouse unit in the development), theater producer Jordan Roth, and Related Cos. founder Stephen Ross among past residents.
Public records show that the seller paid $11,506,225 for it in August 2010. They have not been identified, but the Robert A.M. Stern-designed condominium has counted fashion designer Marc Jacobs (who had another townhouse unit in the development), theater producer Jordan Roth, and Related Cos. founder Stephen Ross among past residents.
348 West 22nd Street, #TH (Leslie Garfield)
The top contract for an individual townhouse was for 348 West 22nd Street, which was asking $14,500,000 in the week's third-highest deal overall. The house where "The Night Before Christmas" was written is configured as a single-family townhouse now, but Korean artist Do Ho Suh lived on the ground floor when it was still a multi-family dwelling. He created an installation based on his home that was featured at the Los Angeles County Museum of Art and the MOCA Cleveland.
Public records list the seller as acclaimed stylist Karl Templer and show that he bought it for an even $8,000,000 in February 2017. He embarked on a renovation that included a dedicate home gym with steam room and sauna, luxurious fixtures in the primary bath, and high-end finishes and well-thought lighting throughout.
Public records list the seller as acclaimed stylist Karl Templer and show that he bought it for an even $8,000,000 in February 2017. He embarked on a renovation that included a dedicate home gym with steam room and sauna, luxurious fixtures in the primary bath, and high-end finishes and well-thought lighting throughout.
163 East 78th Street, #TH (Sotheby's International Realty)
It was trailed by 163 East 78th Street, which was asking $13,500,000 in the second-highest townhouse contract and fifth-highest of the week. It is also known as the Elinor Gimbel House in honor of an early owner, a brewery heiress and social activist who was married to a grandson of department store founder Adam Gimbel.
The circa-1899 home boasts such prewar features as soaring ceilings, grandly proportioned rooms, wood-burning fireplaces, and herringbone wood floors; however, modern touches include a kitchen with state-of-the-art appliances and finishes, a super-luxe full-floor primary suite, and a beautifully planted, brick-walled garden. Public records show that the seller paid $11,000,000 for it in July 2021.
The circa-1899 home boasts such prewar features as soaring ceilings, grandly proportioned rooms, wood-burning fireplaces, and herringbone wood floors; however, modern touches include a kitchen with state-of-the-art appliances and finishes, a super-luxe full-floor primary suite, and a beautifully planted, brick-walled garden. Public records show that the seller paid $11,000,000 for it in July 2021.
350 Sixth Avenue, Park Slope (Douglas Elliman) | https://www.cityrealty.com/nyc/park-slope/350-sixth-avenue/78654
Townhouses were also in demand for Brooklyn buyers. The top Brooklyn contract of the week was for 39 South Portland Avenue, a Fort Greene townhouse that was asking $8,750,000 in New York City's eighth-highest contract of the week overall. It entered contract early last week and the sale closed a few days later. Both parties conducted the transaction using LLCs, and public records show that the seller nearly doubled the $4,740,000 they paid for the house in May 2024.
39 South Portland Avenue was not the only successful prewar building in Brooklyn. In Park Slope, 350 Sixth Avenue was recently converted to a boutique condominium with four full-floor units. All four units are now in contract, with the building selling out in 20 days. The buyers are set to benefit from a 20-year tax abatement and enjoy such features as oversized windows, soaring ceilings, kitchens with premium appliances, generous storage space throughout, and private outdoor space.
While nothing else triumphed quite like 350 Sixth Avenue, the past week was nevertheless a good one for new development condominiums. A total of $6,878,000 across six contracts was signed at Vesta, a recently launched boutique condominium in Long Island City. In Manhattan, three contracts were signed at Claremont Hall in Morningside Heights, and two were signed at Lantern House in Chelsea. Multiple contracts were also signed at Williamsburg Green, 185 Ainslie Street also in Williamsburg, and Bergen Brooklyn in Boerum Hill.
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Top NYC Contracts: June 23-29, 2025
#10. One Brooklyn Bridge Park, #PH1401
Last Ask: $7,250,000 (-3.1%)
Brooklyn Heights | Condominium | 4 Bedrooms, 3.5 Baths | 4,638 ft2
One Brooklyn Bridge Park, #PH1401 (Compass)
204 West 21st Street, #TH (Sothebys International Realty)
#8. 39 South Portland Avenue, #TH
Last Ask: $8,750,000
Fort Greene | Townhouse | 6+ Bedrooms, 5 Baths | 6,360 ft2
39 South Portland Avenue, #TH (Douglas Elliman Real Estate)
#7 (tie). 956 Fifth Avenue, #11FL
Last Ask: $8,995,000
Park/Fifth Ave. to 79th St. | Cooperative | 5 Bedrooms, 4 Baths
956 Fifth Avenue, #11FL (Brown Harris Stevens Residential Sales LLC)
#6. 53 Leonard Street, #PH
Last Ask: $9,999,000
Tribeca | Condominium | 4 Bedrooms, 3.5 Baths | 3,287 ft2
53 Leonard Street, #PH (Compass)
163 East 78th Street, #TH (Sotheby's International Realty)
From the Listing: At 36 feet in width, 163 East 78th Street comprises a sublime house and divine garden perfectly attuned to today’s lifestyle. Its width, aside from imparting a delightful, horizontal sensibility (rare in a townhouse), ensures that each level functions as a true and purposeful destination. This extremely attractive red brick four-story townhouse is ideally located on an idyllic tree-lined street on the Upper East Side. Built in 1899 in the Italianate style by Henry Armstrong, the Elinor S. Gimbel House is blessed with fantastically tall French windows on the parlor and third floor. Most extraordinarily, the magnificent Garden 38’ x 36, is a true retreat, with brick walls, beautiful trees and plantings. See full details here.
#4. 400 Park Avenue South, #PH1
Last Ask: $14,000,000 (-9.7%)
Flatiron/Union Square | Condominium | 5 Bedrooms, 5.5 Baths | 4,020 ft2
400 Park Avenue South, #PH1 (Ostrov Realty Group Limited)
348 West 22nd Street, #TH (Leslie J Garfield & Co Inc)
#2. Superior Ink, #TH3
Last Ask: $18,000,000
West Village | Condominium | 5 Bedrooms, 5 Baths | 5,468 ft2
Superior Ink, #TH3 (Compass)
#1. 111 West 57th Street, #39
Last Ask: $20,500,000
Midtown West | Condominium | 3 Bedrooms, 3.5 Baths | 4,492 ft2
111 West 57th Street, #39 (Sothebys International Realty)
Would you like to tour any of these properties?
Just complete the info below.
Or call us at (212) 755-5544
Would you like to tour any of these properties?
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