View from a penthouse at The Hubert which garnered last week's second-highest contract-signing
In the second week of November 2020, only 74 recorded sales came to a tepid total of $114.5 million, the lowest recorded this year. 41 condo sales were recorded and closed at a median of $1.4 million, or $1,311 per square foot. On the co-op side, a total of 32 sales were recorded and came to a median price of $975,887. While sales prices remain relatively stable, in the third quarter of 2020, Manhattan apartment sales volume was down 67% compared to their high in 3Q 2013 and 47% down when compared to the same period last year. A full, sortable list of apartment sales may be found below.
Many of the deals recorded in the past week were closed during the anxiety-filled days leading up to the presidential election, a time when many buyers were likely waiting on results to pull the trigger on a deal. We expect to see stronger numbers in the coming weeks, and the number of high-end contract signings seem to hint at strong fourth-quarter numbers.
New development condos in architecturally adventurous, amenity-rich buildings made up the majority of the top sales. However, New York's historic buildings have not been forgotten: The top sale took place at 920 Fifth Avenue, a prestigious J.E.R. Carpenter-designed cooperative where a three-bedroom apartment sold for $7.7 million.
Many of the deals recorded in the past week were closed during the anxiety-filled days leading up to the presidential election, a time when many buyers were likely waiting on results to pull the trigger on a deal. We expect to see stronger numbers in the coming weeks, and the number of high-end contract signings seem to hint at strong fourth-quarter numbers.
New development condos in architecturally adventurous, amenity-rich buildings made up the majority of the top sales. However, New York's historic buildings have not been forgotten: The top sale took place at 920 Fifth Avenue, a prestigious J.E.R. Carpenter-designed cooperative where a three-bedroom apartment sold for $7.7 million.
Living room at The Benson via Hayes Davidson
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From November 9-15, 22 contracts were signed for Manhattan apartments and townhouses priced at $4 million and up. Olshan Realty's market report notes that this was the highest total since the first week in March, just before New York City went on lockdown in response to the coronavirus pandemic. The total weekly asking price sales volume shot up from last week's total of $97,183,995 to $188,514,000.
The top contract of the week takes place at The Benson, a rare condo offering on the Upper East Side's Madison Avenue that launched sales earlier this fall. A massive duplex penthouse featuring seven bedrooms, a gas fireplace, and three private terraces entered contract with an asking price of $35 million. Developer Miki Naftali told The Wall Street Journal that the penthouse was priced more reasonably than its counterparts all over Manhattan.
The second-highest contract of the past week was a penthouse in The Hubert asking $21 million. The apartment features grand proportions, triple exposures, a wood-burning fireplace, state-of-the-art kitchen, sumptuous bedroom suites, and spectacular skyline views. Listing broker Richard Orenstein of Brown Harris Stevens says, "Extraordinary apartments still sell for extraordinary prices."
The top contract of the week takes place at The Benson, a rare condo offering on the Upper East Side's Madison Avenue that launched sales earlier this fall. A massive duplex penthouse featuring seven bedrooms, a gas fireplace, and three private terraces entered contract with an asking price of $35 million. Developer Miki Naftali told The Wall Street Journal that the penthouse was priced more reasonably than its counterparts all over Manhattan.
The second-highest contract of the past week was a penthouse in The Hubert asking $21 million. The apartment features grand proportions, triple exposures, a wood-burning fireplace, state-of-the-art kitchen, sumptuous bedroom suites, and spectacular skyline views. Listing broker Richard Orenstein of Brown Harris Stevens says, "Extraordinary apartments still sell for extraordinary prices."
Top Sales
920 Fifth Avenue via Brown Harris Stevesn
277 Fifth Avenue via The Corcoran Group
From the listing:
Designed by internationally acclaimed architect Rafael Vinoly with luxuriously appointed interiors by Jeffrey Beers International, this gracious home spans the entire western facade with north and south corner exposures. Floor-to-ceiling windows showcase panoramic Midtown views including the Empire State Building, the Chrysler Building, the Hudson River, One World Trade and beyond. A subtle and serene array of warm, natural materials complements the tower’s robust modern architecture. Perimeter columns establish an alternating rhythm of vertical floor-to-ceiling windows framing the views along multiple exposures and solid walls for displaying art. Interiors are graced with ceiling heights reaching over ten feet, in addition to a selection of warm woods and elegant natural stones.
Designed by internationally acclaimed architect Rafael Vinoly with luxuriously appointed interiors by Jeffrey Beers International, this gracious home spans the entire western facade with north and south corner exposures. Floor-to-ceiling windows showcase panoramic Midtown views including the Empire State Building, the Chrysler Building, the Hudson River, One World Trade and beyond. A subtle and serene array of warm, natural materials complements the tower’s robust modern architecture. Perimeter columns establish an alternating rhythm of vertical floor-to-ceiling windows framing the views along multiple exposures and solid walls for displaying art. Interiors are graced with ceiling heights reaching over ten feet, in addition to a selection of warm woods and elegant natural stones.
14 Available Listings from $3M
3. 53W53, 53 West 53rd Street, #39B – $5,500,000 ($2,711 / ft2)
Midtown West | Condo | 2 beds, 3 baths | 2,975 ft2
Midtown West | Condo | 2 beds, 3 baths | 2,975 ft2
53W53 via The Corcoran Group
From the listing:
With interior design by New York-based architect, designer and artist Thierry Despont, Residence 39B is a 2,029-square-foot south and east-facing two bedroom featuring high ceilings, gracious proportions and the rich attention to detail of a bespoke privately commissioned home. Interior features include 4" wide plank solid American oak floors, fully customized kitchens and baths, and elegantly crafted furniture-grade over 9' tall mahogany doors with custom designed bronze hardware inspired by the tower's distinctive silhouette. Creating maximum flexibility, the open kitchen features polished statuary marble countertops and backlit backsplash with custom back-painted glass cabinetry by Molteni. Kitchen appliances include a Miele low profile cooktop, vented hood, oven, speed oven, coffee maker, and fully-incorporated dishwasher, and Sub-Zero refrigerator and wine refrigerator. The master bath is clad in Noir St. Laurent marble, golden travertine and Verona limestone with a custom carved stone vanity with free-standing medicine cabinet above. The master bath also features radiant heated floors and Dornbracht fittings and accessories.
With interior design by New York-based architect, designer and artist Thierry Despont, Residence 39B is a 2,029-square-foot south and east-facing two bedroom featuring high ceilings, gracious proportions and the rich attention to detail of a bespoke privately commissioned home. Interior features include 4" wide plank solid American oak floors, fully customized kitchens and baths, and elegantly crafted furniture-grade over 9' tall mahogany doors with custom designed bronze hardware inspired by the tower's distinctive silhouette. Creating maximum flexibility, the open kitchen features polished statuary marble countertops and backlit backsplash with custom back-painted glass cabinetry by Molteni. Kitchen appliances include a Miele low profile cooktop, vented hood, oven, speed oven, coffee maker, and fully-incorporated dishwasher, and Sub-Zero refrigerator and wine refrigerator. The master bath is clad in Noir St. Laurent marble, golden travertine and Verona limestone with a custom carved stone vanity with free-standing medicine cabinet above. The master bath also features radiant heated floors and Dornbracht fittings and accessories.
17 Available Listings from $2.7M
30 Warren Street via The Corcoran Group
From the listing:
#7B offers an impressive 2,209-square-foot 3-bedroom/3.5-bath residence with a generous 656-square-foot terrace. Situated in the southwest corner of the building, this home has an expansive living and dining room, and open kitchen. Underfoot, the residence boasts beautiful 4 and 5 inch custom ladder pattern oak flooring throughout. High performance soundproof windows and terrace doors by Schuco face west through which one enjoys direct natural light and open city views. The kitchen is beautifully appointed with white lacquer cabinetry and fluted glass doors, polished Tundra Gray marble counters and a seamless white polished glass back splash. The marble center island, with leather and brass accents, invites casual dining. Top-of-the-line, Miele appliances include a speed oven, refrigerator/freezer, oven, cooktop, and dishwasher, in addition to a Marvel wine refrigerator. The master bedroom suite includes an oversized walkin closet, and en-suite five-fixture marble master bath with Waterworks fixtures.
#7B offers an impressive 2,209-square-foot 3-bedroom/3.5-bath residence with a generous 656-square-foot terrace. Situated in the southwest corner of the building, this home has an expansive living and dining room, and open kitchen. Underfoot, the residence boasts beautiful 4 and 5 inch custom ladder pattern oak flooring throughout. High performance soundproof windows and terrace doors by Schuco face west through which one enjoys direct natural light and open city views. The kitchen is beautifully appointed with white lacquer cabinetry and fluted glass doors, polished Tundra Gray marble counters and a seamless white polished glass back splash. The marble center island, with leather and brass accents, invites casual dining. Top-of-the-line, Miele appliances include a speed oven, refrigerator/freezer, oven, cooktop, and dishwasher, in addition to a Marvel wine refrigerator. The master bedroom suite includes an oversized walkin closet, and en-suite five-fixture marble master bath with Waterworks fixtures.
6 Available Listings from $1.82M
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5. 121 E 22nd, 121 East 22nd Street, #N806 – $4,752,015 ($1,914 / ft2)
Gramercy | Condo | 3 beds, 3.5 baths | 2,483 ft2
Gramercy | Condo | 3 beds, 3.5 baths | 2,483 ft2
121 E 22nd via Toll Brothers Real Estate
From the listing:
The thoughtfully designed homes, which range in size from studio to 5-bedroom, feature high ceilings, oversized windows, and wide plank, white oak floors. Select residences have private outdoor space. The elegant kitchens are equipped with Gaggenau appliances, polished quartz counter tops, and acid-etched, back-painted glass cabinetry with custom millwork interiors. The stunning master bathrooms feature Calacatta Paonazzo marble counter tops, tub decks, and accent walls, and are outfitted with white oak cabinetry, polished chrome Kallista fixtures and acid-etched glass shower doors.
The thoughtfully designed homes, which range in size from studio to 5-bedroom, feature high ceilings, oversized windows, and wide plank, white oak floors. Select residences have private outdoor space. The elegant kitchens are equipped with Gaggenau appliances, polished quartz counter tops, and acid-etched, back-painted glass cabinetry with custom millwork interiors. The stunning master bathrooms feature Calacatta Paonazzo marble counter tops, tub decks, and accent walls, and are outfitted with white oak cabinetry, polished chrome Kallista fixtures and acid-etched glass shower doors.
20 Available Listings from $1.31M
Top Contracts
Carnegie Hill | Condo | 7 beds, 7.5 baths | 6,632 ft2
Interiors via Hayes Davidson
From the listing:
New penthouse condo with 6,632 square feet of interior space including 7 bedrooms, 7.5 bathrooms and 2 terraces that total 752 square feet. This new building called The Benson is designed by Peter Pennoyer. in a traditional style as a new 15-unit condo on 18 floors. Amenities include a concierge/doorman, fitness center with a spa, half-court basketball, children's playroom, ground-floor library lounge that opens onto a garden. There is also a pet spa, a common roof garden with a bar.
New penthouse condo with 6,632 square feet of interior space including 7 bedrooms, 7.5 bathrooms and 2 terraces that total 752 square feet. This new building called The Benson is designed by Peter Pennoyer. in a traditional style as a new 15-unit condo on 18 floors. Amenities include a concierge/doorman, fitness center with a spa, half-court basketball, children's playroom, ground-floor library lounge that opens onto a garden. There is also a pet spa, a common roof garden with a bar.
Tribeca | Condo | 3 beds, 3.5 baths | 4,200 ft2
The Hubert via Brown Harris Stevens
From the listing:
This rare and magical full-floor loft with interiors by Thierry Despont is located in Tribeca's most sophisticated full service boutique condominium and features grand-scaled rooms, exquisite finishes and 360-degree views that are guaranteed to take your breath away. Step off the key-locked elevator to your private penthouse-in-the-sky where a wide entrance gallery paved with Basaltina stone leads to an expansive entertaining space wrapped in light from triple exposures and featuring soaring ceilings, a wood-burning fireplace, an open media area and astonishing city and river views from endless floor-to-ceiling casement windows. Beyond this great room, you'll find a large separate dining area which comfortably seats 12-14 guests, and an enormous state-of-the-art Bulthaup kitchen ideal for staging large scale dinner parties or events. Clearly designed for one who loves to cook and entertain, this incredible chef's kitchen features a large center-island, abundant custom cabinetry and top-of-the-line appliances including a Sub-Zero refrigerator, additional beverage refrigerators with a separate ice machine, two Miele dishwashers, double Wolf ovens and a six-burner Viking range with hood vented to the outside.
This rare and magical full-floor loft with interiors by Thierry Despont is located in Tribeca's most sophisticated full service boutique condominium and features grand-scaled rooms, exquisite finishes and 360-degree views that are guaranteed to take your breath away. Step off the key-locked elevator to your private penthouse-in-the-sky where a wide entrance gallery paved with Basaltina stone leads to an expansive entertaining space wrapped in light from triple exposures and featuring soaring ceilings, a wood-burning fireplace, an open media area and astonishing city and river views from endless floor-to-ceiling casement windows. Beyond this great room, you'll find a large separate dining area which comfortably seats 12-14 guests, and an enormous state-of-the-art Bulthaup kitchen ideal for staging large scale dinner parties or events. Clearly designed for one who loves to cook and entertain, this incredible chef's kitchen features a large center-island, abundant custom cabinetry and top-of-the-line appliances including a Sub-Zero refrigerator, additional beverage refrigerators with a separate ice machine, two Miele dishwashers, double Wolf ovens and a six-burner Viking range with hood vented to the outside.
3 Available Listings from $7.25M
Greenwich Village | Condo | 4 beds, 5 baths | 7,693 ft2
Delos Residences via Douglas Elliman
From the listing:
Located on a tree-lined street in the heart of historic Greenwich Village, 66 East 11th is a boutique condominium featuring just six residences, with this one-of-a-kind 7,693-square-foot triplex penthouse and colossal 2,300-square-foot rooftop oasis sitting at the top. Complete with open southern, eastern, and northern exposures, this incredible home offers fantastic light, enormous proportions, and beautiful views of both uptown and downtown landmarks. The residence features four bedrooms, each with an en suite bathroom, two living areas, an open chef's kitchen with scullery, rooftop featuring a solarium with the potential for a pool, a powder room serving each floor and full wiring and home-automation systems.
Located on a tree-lined street in the heart of historic Greenwich Village, 66 East 11th is a boutique condominium featuring just six residences, with this one-of-a-kind 7,693-square-foot triplex penthouse and colossal 2,300-square-foot rooftop oasis sitting at the top. Complete with open southern, eastern, and northern exposures, this incredible home offers fantastic light, enormous proportions, and beautiful views of both uptown and downtown landmarks. The residence features four bedrooms, each with an en suite bathroom, two living areas, an open chef's kitchen with scullery, rooftop featuring a solarium with the potential for a pool, a powder room serving each floor and full wiring and home-automation systems.
1 Available Listing for $8.95M
Greenwich Village | Townhouse | 6 beds, 6 baths
155 West 12th Street via CityRealty
From the listing:
Handsome and elegant 21' wide Village townhouse with a wonderfully deep garden situated mid-block on West 12th between 6th and 7th Avenues. Beautiful double parlor with kitchen extension overlooking the garden.
Handsome and elegant 21' wide Village townhouse with a wonderfully deep garden situated mid-block on West 12th between 6th and 7th Avenues. Beautiful double parlor with kitchen extension overlooking the garden.
East Village | Townhouse
Google Streetview of 45 Second Avenue
From the listing:
The subject property is a 'horizontal', multi-family and commercial property located in the Lower East Side Landmark District. This property is subject to NYC Rent Stabilization and Landmark restrictions. There are currently two commercial spaces (one vacant) and one with a lease until December 2022 with tenant who is open to a buyout, and six floor-through apartments (the two owner units are vacant, one apartment is free market, two apartments are rent stabilized without leases and one apartment is rent stabilized with lease). Estate sale opportunity.
The subject property is a 'horizontal', multi-family and commercial property located in the Lower East Side Landmark District. This property is subject to NYC Rent Stabilization and Landmark restrictions. There are currently two commercial spaces (one vacant) and one with a lease until December 2022 with tenant who is open to a buyout, and six floor-through apartments (the two owner units are vacant, one apartment is free market, two apartments are rent stabilized without leases and one apartment is rent stabilized with lease). Estate sale opportunity.
Would you like to tour any of these properties?
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Or call us at (212) 755-5544
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