Manhattan Contracts: Luxury contracts reach new 2024 high; 50 West 66th Street signs highest contract to date

By CityRealty Staff | From Future New York Monday, March 18, 2024

Rendering of a loggia at 50 West 66th Street

From March 11-17, 2024, a whopping 40 luxury contracts ($4 million and up) were signed in Manhattan. Not only does this represent 12 more luxury contracts than last week, but Olshan Realty's luxury market report ("Olshan") notes that this was the largest total since mid-May 2023, when 40 contracts were also signed. Olshan notes that the majority of last week's luxury contracts took place at the lower end of the market with more than half asking below $5.5 million. However, some high-priced contracts were nevertheless signed during this time.

One week after 50 West 66th Street had the second-highest contract, the Extell-developed tower is back on top with Residence #41NS, which was asking $46,750,000. Olshan notes that this is a combination of two units containing five bedrooms, five full baths, two powder rooms, and two private loggias overlooking Central Park. Details were not available on the buyer, but we can say with certainty that this is the most expensive contract in the building to date.

It is one of ten reported contracts signed since sales quietly began in late 2022. Since then, developer Extell has felt optimistic enough about the project to increase prices, raising the building's total anticipated sellout up $152 million to $1.760 billion. Construction of the 775-foot-tall tower has not topped out yet, and closings are not expected until later this year.

50 West 66th Street had the top contract by an extremely comfortable margin. The second-highest contract for 60 Bank Street was asking $11,500,000 in the top townhouse contract. It entered contract asking $12,550,000 in May 2023, but the deal fell through and it came back to the market with the lower price in December 2023. It was initially listed for $13,750,000 in April 2022.

Indeed, last week acted as a further demonstration of the West Village's popularity among luxury buyers, with four listings here ranking among the top ten contract prices. They included the West Village apartment that photographer Annie Leibovitz used as a live/work studio, which was asking $8,500,000 in the seventh-highest contract of the week. The contract comes roughly a month and a half after Ms. Leibovitz listed it in January 2024 and less than a month after the higher-than-expected sale of her Central Park West home.

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#10. 1010 Fifth Avenue, #6A
Last Ask: $7,900,000 (-2.5%)

Carnegie Hill | Cooperative | 5 Bedrooms, 4.5 Baths | 4,000 ft²

1010 Fifth Avenue, #6A (Compass)

From the Listing: Located at the corner of Fifth Avenue and 82nd Street, this 10-room apartment faces both the landmarked Vanderbilt Mansion and the Metropolitan Museum of Art’s iconic limestone façade, with Central Park beyond. Recently measured to be approximately 4,000 square feet, this home is gracious in space and details. The semi-private elevator landing leads into a large square foyer featuring polished mahogany doors and access to the entertaining and living quarters. The living room faces south toward the treetops and quiet of East 82nd Street, with a marble-mantled fireplace. Original hardwood floors, beamed ceilings and period moldings enhance the elegant entertaining spaces. Adjacent to the living room are the full and formal dining room and a paneled library. The large eat-in kitchen features two refrigerator/freezers, two dishwashers, a large wine cooler and a service pantry. A private storage bin transfers with the apartment. See floor plan and full details here.

1010 Fifth Avenue has 6 public availabilities from $900,000.

#9 (tie). 35 Hudson Yards, #7004
Last Ask: $7,995,000

Midtown West | Condominium | 3 beds, 3.5 baths | 3,099 ft²

35 Hudson Yards, #7004 (Corcoran Group)

Kitchen with integrated appliances and breakfast bar

From the Listing: This expertly planned three-bedroom residence boasts 10’10" ceilings, lavish satin finish wide plank French oak floors, and stunning views of the Hudson River from the corner Great Room. The windowed eat-in kitchen has been outfitted with luxurious Smallbone of Devizes cabinetry with opal white marble counters and backsplash. Full suite of Gaggenau appliances, inclusive of a wine fridge and coffee maker, truly make this kitchen extraordinary. The primary bedroom boasts two large walk-in closets and a luxurious windowed en suite bathroom which is wrapped in stunning iceberg quartzite, complete with stunning double vanity with Kinon panels, and full depth soaking tub. The second and third bedrooms are both equipped with en-suite baths. See floor plan and full details here.

35 Hudson Yards has 11 public availabilities from $5,300,000.

#9 (tie). Hillrose28, #PH1
Last Ask: $7,995,000

Gramercy Park | Condominium | 4 Bedrooms, 4 Baths | 3,114 ft²

Hillrose28, #PH1 (Serhant LLC)

From the Listing: Welcome to Penthouse 1 at Hillrose28, a stunning contemporary four-bedroom, four-bath in Manhattans historic Rose Hill neighborhood. As you enter, your own private elevator opens onto the gallery of the expansive first floor. A grand living room with floor-to-ceiling windows provides breathtaking views of the city skyline and natural light throughout. The 365-square-foot private balcony off the living space, facilitates a seamless indoor-outdoor lifestyle. The windowed, eat-in kitchen is ideal for entertaining and was custom designed by Andres Escobar and produced by Scavolini. See floor plan and full details here.

Hillrose28 has 1 listing for rent for $5,995/month.

#8. Selene, #51A
Last Ask: $8,250,000 (-7.3%)

Midtown East | Condominium | 3 Bedrooms, 3.5 Baths | 3,385 ft²

Selene, #51A (Corcoran Sunshine Marketing Group)

From the Listing: Residence 51A is a 3,385-square-foot full-floor home offering sweeping, panoramic views in every direction. A grand arrival gallery leads to a stunning great room and kitchen and dining area with three sprawling exposures with luminous floor-to-ceiling windows. The Foster + Partners-designed open chef's kitchen features wire-brushed oak cabinetry with integrated pulls and bronze detailing, cabinet-fronted Gaggenau stainless steel appliances, and Italian Carrara marble knife edge countertop and backsplash with embedded ventilation and LED lighting - a true culinary delight that allows for seamless entertaining. Privately located at the opposite end of this impressive residence is the double-exposure primary suite, featuring an expansive dressing area and a luxurious spa-inspired en suite windowed bathroom. See floor plan and full details here.

Selene has 8 public availabilities from $1,775,000.

#7. Hudson River Dioramas, #5
Last Ask: $8,500,000

West Village | Condominium | 2 Bedrooms, 2.5 Baths | 3,153 ft²

Hudson River Dioramas, #5 (Corcoran Group)

From the Listing: A rare find, this full-floor loft space with an open flexible layout is currently set up as an artist's photography studio. Entering through a keyed elevator and into the main living space with expansive river and downtown corner views offering wood-burning fireplace, heated bluestone floors, wet bar and open eat-in kitchen. Discover the library nook with custom bookshelves that can be redesigned into a third bedroom. The primary ensuite bedroom with well-proportioned walk-in closet has a double south and east exposure. The primary bathroom, currently set up with a printer, has a soaking tub with capped off shower and toilet. Steal away from the hustle and bustle of city life and into this tranquil surrounding. See floor plan and full details here.

Hudson River Dioramas has no public availabilities.

#6. 118 West 87th Street, #TH
Last Ask: $8,950,000

Broadway Corridor | Townhouse | 5 Bedrooms, 6+ Baths

118 West 87th Street, #TH (Sothebys International Realty)

From the Listing: Originally built at the turn of the century, this sun-filled home has been updated over the years creating a seamless integration of timeless, original details with the state-of-the-art luxuries desired for exceptional, modern living. The garden level features a large and inviting south-facing garden adorned with beautiful tile work. The chef’s kitchen is equipped with top-of-the line appliances, a center island and a comfortable eat-in area which opens out to the garden. The parlor floor has an enviable flow, suitable for the most glamourous entertaining. Oversized windows frame a formal living room anchored by a wood-burning fireplace, and an adjacent dining room with ample room to host large occasions. See floor plan and full details here.

#5. 175 West 10th Street, #PH6
Last Ask: $8,995,000

West Village | Condominium | 3 Bedrooms, 3 Baths | 3,049 ft²

175 West 10th Street, #PH6 (Compass)

From the Listing: This impeccably-designed modern showplace, meticulously renovated by Architectural Digest AD 100 List interior designer Ken Fulk, is truly ethereal and one of a kind. Features include floor-to-ceiling windows, four outdoor spaces affording breathtaking city views that stretch from One World Trade Center to Central Park, a private entry foyer clad in black cerused oak, open-plan living-dining areas, and kitchen with custom cabinetry, Breccia Capraia countertops, and Gaggenau appliances. On the second floor, there sits another bedroom equipped with a wet bar, full bath, and wraparound terrace. There is a wraparound terrace with an outdoor kitchen. Designated storage unit included. See floor plan and full details here.

175 West 10th Street has 1 public availability asking $5,850,000.

#4. 150 Charles Street, #3GN
Last Ask: $9,495,000

West Village | Condominium | 3 Bedrooms, 3.5 Baths | 2,537 ft²

150 Charles Street, #3GN (Douglas Elliman Real Estate)

From the Listing: Introducing 3GN, a 3-bedroom, 3.5-bathroom custom designed by Jeremiah Brent at the prominent 150 Charles Street in Manhattan's West Village. This beautifully renovated residence, once featured in Architectural Digest, offers a blend of modern luxury and functional style, providing an unparalleled living experience. Upon entry, you are greeted with a beautiful foyer featuring a glass casement windowed doorway and a half bath. The main living area boasts 11-foot ceilings and is flooded with natural light from the wall of windows overlooking Charles Street. High-quality custom millwork can be seen throughout the L-shaped dining banquette, bookshelf casings, and ceiling paneling. The open kitchen is equipped with SubZero, Wolf, and Miele appliances and is finished with Waterworks unlacquered brass hardware. Residence 3GN also includes a private storage unit. See floor plan and full details here.

150 Charles Street has two listings for rent from $9,995/month.

#3. One High Line, #WEST27C
Last Ask: $11,195,000

Chelsea | Condominium | 3 Bedrooms, 3.5 Baths | 2,843 ft²

One High Line, #WEST27C (Corcoran Sunshine Marketing Group)

From the Listing: West 27C at One High Line is a 2,843-square-foot three-bedroom and three-and-a-half-bathroom (or two-bed plus guest suite) corner residence curated by Gabellini Sheppard Associates. This remarkable home features open northern and eastern exposure revealing expansive city skyline views from every room. Residence 27C home boasts a generous great room, and an open kitchen custom designed by Bulthaup, complete with White Princess Quartzite countertops and backsplash, a robust Gaggenau appliance package and stainless-steel fixtures by CEA Design. The primary suite, complete with floor-to-ceiling windows, welcomes natural light throughout the day. The elegant ensuite five-fixture bath is clad in Taj Mahal Quartzite and has radiant heat floors, custom Lumix double-sink vanity, Kaldewei soaking tub and integrated illuminated medicine cabinet. See floor plan and full details here.

One High Line has 35 public availabilities from $2,265,000.

#2. 60 Bank Street, #TH
Last Ask: $11,500,000

West Village | Townhouse | 6+ Bedrooms, 6+ Baths | 4,350 ft²

60 Bank Street, #TH (Leslie J Garfield & Co Inc)

From the Listing: Originally constructed in Italianate-style in 1854, the home is currently configured as a two-bedroom duplex apartment and four units on the upper floors. The 75’ lot offers a lush, landscaped garden that abuts several of the most expensive single-family townhouses in New York City. The south-facing setting floods each floor of the property, garden, and finished roof terrace with sunlight throughout the day. This one-of-a-kind townhouse offers a myriad of uses including an income- producing rental property, live-plus income opportunity, or can be delivered vacant and converted into a single-family mansion in the highly coveted West Village. See floor plan and full details here.

#1. 50 West 66th Street, #41NS
Last Ask: $46,750,000

Central Park West | Condominium | 5 Bedrooms, 5.5 Baths | 6,942 ft²

50 West 66th Street, #41NS (Douglas Elliman Real Estate)

From the Listing: This 6,942-square-foot residence is the combination of 2 units with spectacular Central Park views at Extell's new development tower between 65th and 66th Street off the Park, a stone's throw away from Lincoln Center. The 5-bedroom, 5 bathroom, 2 powder room unit offers soaring ceilings up to 14 feet with a 56-foot great room facing the park flanked by 2 large loggias. The apartment also features a 24' x 23' eat-in kitchen, family-room and home theater/library. See full details here.

50 West 66th Street has 9 public availabilities from $4,600,000.

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#10. 1010 Fifth Avenue, #6A
Last Ask: $7,900,000 (-2.5%)

1010 Fifth Avenue has 6 public availabilities from $900,000.

#9 (tie). 35 Hudson Yards, #7004
Last Ask: $7,995,000

35 Hudson Yards has 11 public availabilities from $5,300,000.

#9 (tie). Hillrose28, #PH1
Last Ask: $7,995,000

Hillrose28 has 1 listing for rent for $5,995/month.

#8. Selene, #51A
Last Ask: $8,250,000 (-7.3%)

Selene has 8 public availabilities from $1,775,000.

#7. Hudson River Dioramas, #5
Last Ask: $8,500,000

Hudson River Dioramas has no public availabilities.

#6. 118 West 87th Street, #TH
Last Ask: $8,950,000

#5. 175 West 10th Street, #PH6
Last Ask: $8,995,000

175 West 10th Street has 1 public availability asking $5,850,000.

#4. 150 Charles Street, #3GN
Last Ask: $9,495,000

150 Charles Street has two listings for rent from $9,995/month.

#3. One High Line, #WEST27C
Last Ask: $11,195,000

One High Line has 35 public availabilities from $2,265,000.

#2. 60 Bank Street, #TH
Last Ask: $11,500,000

#1. 50 West 66th Street, #41NS
Last Ask: $46,750,000

50 West 66th Street has 9 public availabilities from $4,600,000.

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