Manhattan Sales:
- For the week ending February 21, 2025, $445,937,153 worth of transactions across 180 condo, condop, and cooperative deals were recorded
- 89 condo sales came to an aggregate price of $258,141,431
- Five condop sales came to an aggregate price of $7,750,000
- 86 co-op sales came to an aggregate price of $180,045,722
In this article:
Almost exactly halfway through February 2025, the Presidents' Day federal holiday fell on Monday, February 17. This abbreviated the business week and resulted in fewer sales being recorded during this time by default, but some notable buildings still logged high-priced sales that set new superlatives for Manhattan.
At the Rosario Candela-designed 740 Park Avenue, which is widely considered one of New York's most prestigious cooperatives, Residence #4/5B closed for $45,000,000 in the top sale of the week and Manhattan's sixteenth highest co-op sale on record. Public records list the seller as a trust linked to philanthropist Julia Koch, whose summer 2022 purchase of Microsoft co-founder Paul Allen's penthouse at 4 East 66th Street for $101 million, set the record for most expensive co-op ever sold in the city.
The Real Deal announced the sale and noted that Ms. Koch's late husband, David Koch, bought the apartment for $17 million in 2004. The buyer did not conduct the transaction by name, but has been identified as hedge fund executive Ken Griffin, whose real estate holdings include the most expensive home in the United States at 220 Central Park South (h/t The Wall Street Journal).
The Real Deal announced the sale and noted that Ms. Koch's late husband, David Koch, bought the apartment for $17 million in 2004. The buyer did not conduct the transaction by name, but has been identified as hedge fund executive Ken Griffin, whose real estate holdings include the most expensive home in the United States at 220 Central Park South (h/t The Wall Street Journal).
As last week's top sales show, the prestige, history, and proportions of Park Avenue cooperatives still command respect among luxury buyers. At The Yosemite, an apartment building designed by J.E.R. Carpenter and located down the street from 740 Park Avenue, the full-floor Residence #10EW closed for an even $18,000,000. While just short of the $18.8 million ask when it entered contract in October 2024, this was still high enough for the week's second-highest co-op sale and fourth-highest overall.
Meanwhile, Downtown neighborhoods have risen in popularity, esteem, and price — a CityRealty analysis found that nearly half of the 25 most expensive transactions south of 30th Street took place over the last five years. Indeed, Ms. Koch's apartment had last week's top sale by a small margin. The penthouse at 67 Vestry Street closed for $41,400,000 in the week's top condo sale and second-highest overall.
When the penthouse entered contract with a $48 million ask in January 2025, it was speculated that it would wind up among the ten most expensive sales Downtown. While the unit sold for a $6.6M discount, it still holds the distinction of Downtown's twentieth most expensive sale on record.
When the penthouse entered contract with a $48 million ask in January 2025, it was speculated that it would wind up among the ten most expensive sales Downtown. While the unit sold for a $6.6M discount, it still holds the distinction of Downtown's twentieth most expensive sale on record.
67 Vestry Street, #PHA (Corcoran Group)
The Greenwich Lane
67 Vestry Street is a warehouse turned condominium, and the week's next-highest sale took place in another downtown development that marries history with new construction: The six-building Greenwich Lane complex is the residential redevelopment of the historic St. Vincent's Hospital in the Village, and Residence #6A at 155 West 11th Street closed for $19,422,500, the third highest price of the week.
While slightly below the ask when it entered contract in December 2024, public records show that the sellers still make a profit, having bought it from the sponsor for $13,522,992 in September 2016. They are identified as finance executive Robert Gendelman and his wife, acclaimed interior designer Stacey Gendelman. The buyer is listed as an LLC.
While slightly below the ask when it entered contract in December 2024, public records show that the sellers still make a profit, having bought it from the sponsor for $13,522,992 in September 2016. They are identified as finance executive Robert Gendelman and his wife, acclaimed interior designer Stacey Gendelman. The buyer is listed as an LLC.
Top Manhattan Sales
The Cortland, #17AW (CORE Group Marketing LLC)
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From the Listing:
Residence 17AW is 3,004 square feet with four bedrooms and four-and-a-half bathrooms. The expansive, open-plan living and dining areas feature unobstructed views of the Hudson River, a 29-foot corner great room, a windowed eat-in kitchen with a custom Olson Kundig-designed Jackbox, warm wood flooring, and floor-to-ceiling windows.
Residence 17AW is 3,004 square feet with four bedrooms and four-and-a-half bathrooms. The expansive, open-plan living and dining areas feature unobstructed views of the Hudson River, a 29-foot corner great room, a windowed eat-in kitchen with a custom Olson Kundig-designed Jackbox, warm wood flooring, and floor-to-ceiling windows.
10 Available Listings for Sale from $3,900,000
The Yosemite, #10EW (Douglas Elliman)
From the Listing:
Nestled within the prestigious confines of 550 Park Avenue, this full-floor sanctuary effortlessly marries the quintessence of New York's bygone era with the pinnacle of modern luxury and design. Spanning an impressive 7,000 square feet, this residence, meticulously reimagined by the renowned interior designer David Kleinberg, stands as a beacon of unparalleled perfection, offering panoramic views of the Manhattan skyline from every cardinal direction. The entrance unfolds into a grand, circular foyer, leading to an extraordinary gallery that serves as the backbone of this architectural marvel, designed for the display of fine art and the seamless flow between resplendent living spaces.
Nestled within the prestigious confines of 550 Park Avenue, this full-floor sanctuary effortlessly marries the quintessence of New York's bygone era with the pinnacle of modern luxury and design. Spanning an impressive 7,000 square feet, this residence, meticulously reimagined by the renowned interior designer David Kleinberg, stands as a beacon of unparalleled perfection, offering panoramic views of the Manhattan skyline from every cardinal direction. The entrance unfolds into a grand, circular foyer, leading to an extraordinary gallery that serves as the backbone of this architectural marvel, designed for the display of fine art and the seamless flow between resplendent living spaces.
2 Available Listings for Sale from $3,000,000
The Greenwich Lane, #6A (Corcoran Group)
From the Listing:
Welcome to 155 West 11th Street, Unit 6A. The interiors feature spacious, light-filled rooms with floor-to-ceiling glass windows and doors, rich oak hardwood floors, and custom millwork throughout. The entryway features custom suede paneling with a mosaic marble design, leading into the main entertaining areas. The living room, with Venetian plaster walls and ceilings, flows into the adjacent chef's kitchen, which includes custom-paneled cabinetry, veined grey marble backsplash and custom blue/grey marble island, and high-end Sub-Zero and Wolf appliances.
Welcome to 155 West 11th Street, Unit 6A. The interiors feature spacious, light-filled rooms with floor-to-ceiling glass windows and doors, rich oak hardwood floors, and custom millwork throughout. The entryway features custom suede paneling with a mosaic marble design, leading into the main entertaining areas. The living room, with Venetian plaster walls and ceilings, flows into the adjacent chef's kitchen, which includes custom-paneled cabinetry, veined grey marble backsplash and custom blue/grey marble island, and high-end Sub-Zero and Wolf appliances.
1 Available Listing for Sale for $3,295,000
67 Vestry Street, #PHA (Corcoran Group)
From the Listing:
Boasting over 6,200 square feet of luxurious interior space and an expansive 1,875 square feet over 5 private outdoor terraces, this residence offers the ultimate blend of sophistication and comfort. Perched majestically above the Hudson River to the West with dramatic open sunset and Lady Liberty views, Penthouse A features a flexible layout ideal for a chic Pied-à-Terre or a spacious family retreat. The 12th floor hosts a grand, sun-drenched great room with a gas fireplace and sweeping river views, as well as a dining room and large kitchen complemented by terraces on both ends for indoor-outdoor living at its finest. Ascend to the rooftop oasis, where a powder room awaits for added convenience, along with two levels of private terraces offering endless possibilities for relaxation and recreation.
Boasting over 6,200 square feet of luxurious interior space and an expansive 1,875 square feet over 5 private outdoor terraces, this residence offers the ultimate blend of sophistication and comfort. Perched majestically above the Hudson River to the West with dramatic open sunset and Lady Liberty views, Penthouse A features a flexible layout ideal for a chic Pied-à-Terre or a spacious family retreat. The 12th floor hosts a grand, sun-drenched great room with a gas fireplace and sweeping river views, as well as a dining room and large kitchen complemented by terraces on both ends for indoor-outdoor living at its finest. Ascend to the rooftop oasis, where a powder room awaits for added convenience, along with two levels of private terraces offering endless possibilities for relaxation and recreation.
740 Park Avenue, #4/5B (Corcoran Group)
From the Listing:
Considered by many to be the grandest floor plan ever created by Rosario Candela, this highly coveted, and rarely available B-line of approximately 8,500 square feet has recently undergone a full renovation by Peter Marino.
Considered by many to be the grandest floor plan ever created by Rosario Candela, this highly coveted, and rarely available B-line of approximately 8,500 square feet has recently undergone a full renovation by Peter Marino.
2 Available Listings for Sale from $24,000,000
Would you like to tour any of these properties?
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Or call us at (212) 755-5544
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