Rendering of The Bellemont at 1165 Madison Avenue and Google CEO Eric Schmidt and his new NoHo purchase at 25 Bond Street
From October 31 to November 6, 2021, a total of 242 condo, co-op, and condop sales were recorded in Manhattan, coming to an aggregated total of $444.46 million and a median price of $991K. While this appears to show a dramatic drop from last week's total of 516 sales at $896.3 million, we should note that this appears to be due to the city's Election Day holiday on Tuesday, November 2 - no deals were recorded that day. The 102 condo deals came to a median price of $1.775 million, or $1,450 per square foot. The 131 co-op deals came to a median price of $775K.
The top sale of the week took place at 25 Bond Street in Noho, where a sprawling four-bedroom unit closed for $24,611,000, or 10.5 percent below the last listing price of $27.5 million. The New York Post reported on the sale and identified the buyer as former Google CEO Eric Schmidt, who purchased it as an investment property.
In this article:
25 Bond Street (Credit: Paul Warchol of Esto)
Mr. Schmidt bought the apartment from former Goldman Sachs executive Michael Daffey, who was a key player in the deal to construct the building in 2005. Mr. Daffey listed the apartment after buying an Upper East Side townhouse linked to Jeffery Epstein. The townhouse had a rich history before Mr. Epstein ever owned it, and Mr. Daffey is now planning an extensive renovation, both "spiritually and physically."
Further uptown, it was a good week for Waterline Square with two sales in the top five: A penthouse unit at Two Waterline Square closed for $15,150,573, and another high-floor home in the Kohn Pedersen Fox-designed building closed for $9,560,000. Additionally, at One Waterline Square, a condo measuring over 2,000 square feet closed for $5,615,000.
Rendering of The Bellemont, a forthcoming condominium designed by Robert A.M. Stern Architects (DBOX)
November 2021 opened with 46 luxury contracts ($4 million and up) signed in Manhattan. According to Olshan Realty’s market report, this is one fewer than last week, but nevertheless the fifth week in a row of 40 or more deals. The total weekly asking price sales volume came to $414,470,000.
Nine of the past week’s top ten contracts took place on the Upper East Side, and the top contract by far was #PHC/D, asking $66.5 million, at The Bellemont, a new 12-unit condominium developed by Naftali Group, designed by Robert A.M. Stern, and located at 1165 Madison Avenue. The Wall Street Journal announced the deal and noted that the buyer, identified only as a New Yorker who made the purchase off floor plans, is paying slightly more than the asking prices of $39.65 million for a seven-bedroom penthouse and $26.5 million for a four-bedroom penthouse for the developer to deliver a combined unit. This will result in a four-story apartment with 13,011 interior square feet, its own interior elevator, and eight private terraces totaling 2,350 exterior square feet. This is not the most expensive Upper East Side deal above 59th Street - the 2015 sale of a co-op at 834 Fifth Avenue for $77.5 million still holds that distinction - but it’s up there.
Google Earth aerial showing the location of The Bellemont
All renderings of The Bellemont via DBOX
The Bellemont features a classically inspired design, limestone facade, and dramatically scaled windows. All apartments feature interiors by Achille Salvagni, loft-like ceilings, high moldings, and large-scale polished doors. Residential amenities include a sophisticated attended lobby, a holistic fitness center, a regulation squash court, a state-of-the-art screening room, a well-thought children’s playroom, and a rooftop terrace with spectacular views of Central Park. The building is half a block from Central Park and close to Museum Mile, Madison Avenue shopping, and fine dining. Families will also appreciate the close proximity to top schools like The Dalton School, Spence School, Regis High School, and Saint David’s School.
Naftali Group’s recent Upper East Side condo, The Benson, quickly sold out earlier this year, and The Bellemont appears poised to follow suit. Apartment 5S entered contract last week with an asking price of $11.25 million, and another unit in the building is in contract with an ask of $8.6 million. Closings are expected to commence at the end of 2022.
200 East 83rd Street (Credit: DBOX)
Two apartments tied for the second-highest contract of the past week with asking prices of $27 million. One of these took place a few blocks south of The Bellemont at 200 East 83rd Street, another Robert A.M. Stern design, where #PHA entered contract. The 5,835-square foot condo features six bedrooms, seven baths, and a 40-foot private loggia with glimpses of Central Park. This is another Upper East Side condo off to a strong start: Prior to the official sales launch, 30 percent of the 86 units in the building were already in contract. Closings are estimated to begin in the second quarter of 2022.
The other unit asking $27 million was the ninth floor at 67 Vestry Street, a 5,794-square-foot six-bedroom, 5.5-bath condo and the one downtown unit in the top 10 contracts. Andy Warhol was among the artists who lived in the loft building when it was the creative epicenter of Tribeca, and it has since been converted to luxury condos with expansive living space, high-end finishes, and hotel-caliber amenities. This comes less than four months after a penthouse in the building entered contract with a $45 million ask, and a small handful of current availabilities starts at $7.85 million. Occupancy is estimated for spring 2022.
Top Sales
All images of 25 Bond Street via Sotheby's International Realty
From the listing:
Stunningly imagined and meticulously realized, this sprawling 6,350-square-foot duplex features four bedrooms, four bathrooms and two powder rooms, a spacious home office suite as well as 2,450 square feet of private terraces. The epitome of discerning taste, this home looks over the chic NoHo cobblestone streets and boasts panoramic views of the iconic Manhattan skyline.
A keyed-elevator opens into an enormous north-facing 44-foot-long great room with 11-foot ceiling heights and a sliding window wall that opens to a 550-square-foot terrace. Ideal for entertaining, this penthouse features 4 wood-burning fireplaces and gleaming hardwood flooring throughout. The Bulthaup designed chef’s kitchen spares nothing: it includes Sub-Zero refrigerators, icemaker and a commercial-sized wine cooler, Fisher-Paykel dishwashers, a Miele cooktop and wall oven, a built-in espresso coffee maker and a walk-in pantry. Finishings include stainless steel countertops and a 20-foot-long wood block breakfast counter, as well as a custom-fitted walk-in pantry and mudroom. The adjacent dining room faces south through a wall of windows, and there is also a spacious guest suite/home office.
Stunningly imagined and meticulously realized, this sprawling 6,350-square-foot duplex features four bedrooms, four bathrooms and two powder rooms, a spacious home office suite as well as 2,450 square feet of private terraces. The epitome of discerning taste, this home looks over the chic NoHo cobblestone streets and boasts panoramic views of the iconic Manhattan skyline.
A keyed-elevator opens into an enormous north-facing 44-foot-long great room with 11-foot ceiling heights and a sliding window wall that opens to a 550-square-foot terrace. Ideal for entertaining, this penthouse features 4 wood-burning fireplaces and gleaming hardwood flooring throughout. The Bulthaup designed chef’s kitchen spares nothing: it includes Sub-Zero refrigerators, icemaker and a commercial-sized wine cooler, Fisher-Paykel dishwashers, a Miele cooktop and wall oven, a built-in espresso coffee maker and a walk-in pantry. Finishings include stainless steel countertops and a 20-foot-long wood block breakfast counter, as well as a custom-fitted walk-in pantry and mudroom. The adjacent dining room faces south through a wall of windows, and there is also a spacious guest suite/home office.
All images of Two Waterline Square via Corcoran
From the listing:
An impressively-situated terrace at the tallest point of Waterline Square offers a private hot tub and outdoor kitchen providing an ideal space for entertaining, while capturing one of the most comprehensive views of the New York City skyline and the Hudson River. This four-bedroom, five-and-a-half bathroom residence spans half of the thirty-eighth floor, and enjoys views to the north, south, and east. Each bedroom features an en suite bathroom, and the primary suite offers two walk-in closets, two bathrooms, a morning kitchen, and direct access to the terrace. Floor-to-ceiling windows throughout the residence ensure expansive views.
An impressively-situated terrace at the tallest point of Waterline Square offers a private hot tub and outdoor kitchen providing an ideal space for entertaining, while capturing one of the most comprehensive views of the New York City skyline and the Hudson River. This four-bedroom, five-and-a-half bathroom residence spans half of the thirty-eighth floor, and enjoys views to the north, south, and east. Each bedroom features an en suite bathroom, and the primary suite offers two walk-in closets, two bathrooms, a morning kitchen, and direct access to the terrace. Floor-to-ceiling windows throughout the residence ensure expansive views.
11 Available Listings for Sale from $2.3M
All images of Walker Tower via Core Group NYC
From the listing:
A building without peer, Walker Tower redefined the market and raised the bar for luxury living Downtown. Residence 10D offers an immaculate combination of indoor and outdoor living with coveted north and east exposures. Exceptional craftsmanship and striking attention to detail combine to showcase 3,199 interior square feet of grandeur. Completing the home is a 1,026-square-foot terrace which boasts unobstructed city views.
Enter through an elegant gallery with French herringbone oak flooring and 14-foot ceilings, adding opulence to each architecturally envisioned room. Sweeping 180-degree views of Midtown Manhattan and the Empire State Building are framed through grand scale, floor-to-ceiling tilt-and-turn windows throughout.
A building without peer, Walker Tower redefined the market and raised the bar for luxury living Downtown. Residence 10D offers an immaculate combination of indoor and outdoor living with coveted north and east exposures. Exceptional craftsmanship and striking attention to detail combine to showcase 3,199 interior square feet of grandeur. Completing the home is a 1,026-square-foot terrace which boasts unobstructed city views.
Enter through an elegant gallery with French herringbone oak flooring and 14-foot ceilings, adding opulence to each architecturally envisioned room. Sweeping 180-degree views of Midtown Manhattan and the Empire State Building are framed through grand scale, floor-to-ceiling tilt-and-turn windows throughout.
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1 Available Listing for Sale for $17.9M
City Prairie via Google
Interiors via Douglas Elliman
From the listing:
This beautiful full-floor five-bedroom (possible 7), five-and-a-half bathroom apartment is a serene getaway in the heart of Chelsea complete with a separate media room and office. Enjoy stunning views and amazing sunlight through oversized casement windows that line the entire eastern wall in the main living and dining area. High ceilings, palatial room proportions and French limestone flooring add a loft-like feel throughout the apartment.
The windowed chef’s kitchen features coordinating French limestone countertops and floors, an oversized black granite island and abundant storage. Appliances include an eight burner Viking range and double oven, two Miele dishwashers, two side-by-side Sub-Zero refrigerators and freezers and a built-in Miele espresso machine. Off of the kitchen is a wine room with two Sub-Zero wine refrigerators, offering storage for over 200 bottles of wine, and a laundry room with two Maytag washers and dryers. The large primary bedroom suite includes a large dressing room and an ensuite spa-like bathroom, complete with dual vanities and a walk-in steam shower.
This beautiful full-floor five-bedroom (possible 7), five-and-a-half bathroom apartment is a serene getaway in the heart of Chelsea complete with a separate media room and office. Enjoy stunning views and amazing sunlight through oversized casement windows that line the entire eastern wall in the main living and dining area. High ceilings, palatial room proportions and French limestone flooring add a loft-like feel throughout the apartment.
The windowed chef’s kitchen features coordinating French limestone countertops and floors, an oversized black granite island and abundant storage. Appliances include an eight burner Viking range and double oven, two Miele dishwashers, two side-by-side Sub-Zero refrigerators and freezers and a built-in Miele espresso machine. Off of the kitchen is a wine room with two Sub-Zero wine refrigerators, offering storage for over 200 bottles of wine, and a laundry room with two Maytag washers and dryers. The large primary bedroom suite includes a large dressing room and an ensuite spa-like bathroom, complete with dual vanities and a walk-in steam shower.
1 Available Listing for Sale for $8.5M
From the listing:
Positioned in Two Waterline Square, this three-bedroom, three-and-a-half bathroom one-of-a-kind residence captures Hudson River views to the west and south from every floor-to-ceiling window. All three bedrooms enjoy the privacy of an en-suite bathroom, while the powder room is conveniently located near the entry foyer, a secondary entrance located off the main living space, and a gorgeous southwest corner breakfast room. The primary suite has two walk-in closets, and features full western exposure ensuring beautiful river and sunset views.
Positioned in Two Waterline Square, this three-bedroom, three-and-a-half bathroom one-of-a-kind residence captures Hudson River views to the west and south from every floor-to-ceiling window. All three bedrooms enjoy the privacy of an en-suite bathroom, while the powder room is conveniently located near the entry foyer, a secondary entrance located off the main living space, and a gorgeous southwest corner breakfast room. The primary suite has two walk-in closets, and features full western exposure ensuring beautiful river and sunset views.
11 Available Listings for Sale from $2.3M
Top Contracts
From the listing:
PHC and PHD were sold to one buyer in the new condo at 1165 Madison called The Bellemont which has been designed by architect Robert A.M. Stern. The combined unit spans the top 4 floors of the building and totals 13,011 square feet with 8 terraces totaling 2,350 square feet. Originally, PHC was designed as a 10-room duplex with 7 bedrooms, 8 bathrooms, a powder room and 3 terraces totaling 1,101 square feet. PHD was designed as a duplex with 5,101 square feet including 4 bedrooms, 4 bathrooms, and a powder room. PHD has 3 terraces that total 1,249 square feet. The units will be combined by the developer with the buyer paying the extra cost.
PHC and PHD were sold to one buyer in the new condo at 1165 Madison called The Bellemont which has been designed by architect Robert A.M. Stern. The combined unit spans the top 4 floors of the building and totals 13,011 square feet with 8 terraces totaling 2,350 square feet. Originally, PHC was designed as a 10-room duplex with 7 bedrooms, 8 bathrooms, a powder room and 3 terraces totaling 1,101 square feet. PHD was designed as a duplex with 5,101 square feet including 4 bedrooms, 4 bathrooms, and a powder room. PHD has 3 terraces that total 1,249 square feet. The units will be combined by the developer with the buyer paying the extra cost.
From the listing:
Penthouse A has 5,835 square feet including 6 bedrooms and 7 bathrooms. A 19-6 x 41' great room with a fireplace. opens onto a loggia/terrace measuring 432 square feet. The living room, primary bedroom, and formal dining room face west and view Central Park. The unit has a large eat-in kitchen.
Penthouse A has 5,835 square feet including 6 bedrooms and 7 bathrooms. A 19-6 x 41' great room with a fireplace. opens onto a loggia/terrace measuring 432 square feet. The living room, primary bedroom, and formal dining room face west and view Central Park. The unit has a large eat-in kitchen.
7 Available Listings for Sale from $2.4M
All images of 67 Vestry Street via Corcoran
From the listing:
This magnificent full floor spans 5,794 square feet and enjoys light and views in 4 directions, including over 75 feet of direct Hudson River frontage. This home boasts 20 windows, 16 of which are wood-framed, highly engineered, large-scaled Albertini tilt-and-turn windows from Italy that enjoy full or partial Hudson River views. East and south facing bedrooms have oversized loft-style casement windows. The loft offers a dramatic corner great room (one of the all-time Tribeca greats!) with over 1,500 square feet of living-entertaining space, and includes a custom gas fireplace with stone surround, and huge eat-in kitchen-living room with 3 large windows. The kitchen is appointed with brushed oak millwork, thick-slab Pentelico marble countertops with honed finish, a LaCanche range custom made in France, and a suite of Miele appliances. The range hood is fully vented to the outside. The residence has 6 bedrooms, 5 full bathrooms, a Blu de Savoie clad powder room, and a laundry room with sink.
This magnificent full floor spans 5,794 square feet and enjoys light and views in 4 directions, including over 75 feet of direct Hudson River frontage. This home boasts 20 windows, 16 of which are wood-framed, highly engineered, large-scaled Albertini tilt-and-turn windows from Italy that enjoy full or partial Hudson River views. East and south facing bedrooms have oversized loft-style casement windows. The loft offers a dramatic corner great room (one of the all-time Tribeca greats!) with over 1,500 square feet of living-entertaining space, and includes a custom gas fireplace with stone surround, and huge eat-in kitchen-living room with 3 large windows. The kitchen is appointed with brushed oak millwork, thick-slab Pentelico marble countertops with honed finish, a LaCanche range custom made in France, and a suite of Miele appliances. The range hood is fully vented to the outside. The residence has 6 bedrooms, 5 full bathrooms, a Blu de Savoie clad powder room, and a laundry room with sink.
3 Available Listings for Sale from $7.85M
180 East 88th Street via CityRealty
Interiors via Corcoran
From the listing:
Residence 42 encases unparalleled views from 387 feet above in every direction. This full floor home is only one of three offerings for this 4,017-square-foot five bedroom, four baths and powder room. Pre-war style inspired detailing has been refreshed to meet modern luxury expectations, including a formal elliptical private entry gallery with coved ceilings and custom plaster wainscoting complimented by herringbone flooring. The primary entertaining areas feature custom-designed plaster cove ceilings, wainscoting and picture rail, paired with rich 7.5-inch wide Austrian White Oak Flooring and expansive tall tilt & turn Albertini Italian windows. Residence 42 features expansive entertaining with a large living room and formal dining room with south and west views offering a canvas of Central Park and the midtown skyline. A separate den with views of the Empire State Building and the midtown skyline awaits your imminent welcome upon arrival.
Residence 42 encases unparalleled views from 387 feet above in every direction. This full floor home is only one of three offerings for this 4,017-square-foot five bedroom, four baths and powder room. Pre-war style inspired detailing has been refreshed to meet modern luxury expectations, including a formal elliptical private entry gallery with coved ceilings and custom plaster wainscoting complimented by herringbone flooring. The primary entertaining areas feature custom-designed plaster cove ceilings, wainscoting and picture rail, paired with rich 7.5-inch wide Austrian White Oak Flooring and expansive tall tilt & turn Albertini Italian windows. Residence 42 features expansive entertaining with a large living room and formal dining room with south and west views offering a canvas of Central Park and the midtown skyline. A separate den with views of the Empire State Building and the midtown skyline awaits your imminent welcome upon arrival.
9 Available Listings for Sale from $1.5M
All images of 109 East 79th Street via Noe & Associates with The Boundary
From the listing:
Residence 14 West is a gracious 3,492-square-foot half-floor residence with custom design by Steven Harris Architects. Featuring four bedrooms, four en suite bathrooms, and a powder room, this home offers 10’0" ceilings and north, south, and east exposures. Elegant architectural details and materials throughout include expansive casement-style windows in a white bronze finish, 4" wide rift and quarter sawn American white oak flooring set in a chevron pattern in all living areas, recessed panel stile and rail doors with burnished nickel Nanz hardware, and custom plaster cornices in all primary rooms, hallways, vestibules, primary bathrooms, and powder rooms.
Residence 14 West is a gracious 3,492-square-foot half-floor residence with custom design by Steven Harris Architects. Featuring four bedrooms, four en suite bathrooms, and a powder room, this home offers 10’0" ceilings and north, south, and east exposures. Elegant architectural details and materials throughout include expansive casement-style windows in a white bronze finish, 4" wide rift and quarter sawn American white oak flooring set in a chevron pattern in all living areas, recessed panel stile and rail doors with burnished nickel Nanz hardware, and custom plaster cornices in all primary rooms, hallways, vestibules, primary bathrooms, and powder rooms.
5 Available Listings for Sale from $5.5M
625 Park Avenue via Compass
Interiors via Douglas Elliman
From the listing:
Located on the second floor with tree-lined views of Park Avenue, residence 1 A-D has been meticulously transformed and redesigned by renowned designer Trisha Reger. 625 Park Avenue, located on 65th Street, is one of Manhattan’s most prominent prewar coops with full white glove services. This 15-story building was designed by J.E.R. Carpenter in 1931.
An elegant foyer provides a grand introduction to this second floor home. The current floor plan includes 9 rooms with 3 bedrooms, 4.5 bathrooms, an expansive and open living/dining room, private outdoor terrace, formal library, an eat-in chef’s kitchen, and media room. This can be easily transformed back to the original layout of 5 bedrooms and 5.5 baths.
Located on the second floor with tree-lined views of Park Avenue, residence 1 A-D has been meticulously transformed and redesigned by renowned designer Trisha Reger. 625 Park Avenue, located on 65th Street, is one of Manhattan’s most prominent prewar coops with full white glove services. This 15-story building was designed by J.E.R. Carpenter in 1931.
An elegant foyer provides a grand introduction to this second floor home. The current floor plan includes 9 rooms with 3 bedrooms, 4.5 bathrooms, an expansive and open living/dining room, private outdoor terrace, formal library, an eat-in chef’s kitchen, and media room. This can be easily transformed back to the original layout of 5 bedrooms and 5.5 baths.
1 Available Listing for Sale for $16M
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