The second full week of March 2025 saw a surge in high-priced contracts across Manhattan, totaling nearly $650 million in residential deals—the highest weekly dollar volume in over a year. Leading the pack were homes in the city's tallest towers, most exclusive co-ops, and most luxurious penthouses and townhouses.
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838 Fifth Avenue, #6 (Compass)
The top contract of the week took place at 838 Fifth Avenue, which was originally constructed as an office building for the Union of American Hebrew Congregations and was converted to condos at the turn of the 21st century. Most recently, Residence #6 entered contract with a $24,500,000 asking price that includes the full-floor apartment, two wine cellars, two private storage rooms, and a separate studio apartment on the lobby level that can be used as staff or guest quarters.
The Real Deal identified the sellers as Allen Simon, inventor of the Wee Wee Pad, and his wife, Cynthia Simon. They initially listed the apartment for $42 million in summer 2018 with the wine cellars and storage rooms, and it has been on and off the market ever since. The couple bought the apartment from the sponsor for $10,818,000 in 2000.
The Real Deal identified the sellers as Allen Simon, inventor of the Wee Wee Pad, and his wife, Cynthia Simon. They initially listed the apartment for $42 million in summer 2018 with the wine cellars and storage rooms, and it has been on and off the market ever since. The couple bought the apartment from the sponsor for $10,818,000 in 2000.
Billionaires' Row skyline, home to three of the top ten contracts of the second full week of March 2025
Upper Fifth Avenue has long been a vanguard of New York's wealthiest, but the towers of Billionaires' Row also attract today's luxury buyers. One week after a Tower Residence at 111 West 57th Street had New York's top contract, the super-skinny supertall logged $41,250,000 across two deals. Residence #70 had the week's second-highest overall with an asking price of $20,750,000. One floor below, Residence #69 was not far behind with a $20,500,000 ask.
Both full-floor units feature formal entrance galleries, dramatic views of Central Park in the Great Rooms, north-facing chef's kitchens, and super-luxe primary suites with large dressing rooms and spa-like baths with polished nickel bathtubs. A duplex combination might not have been impossible, but it has been confirmed that two separate buyers signed the contracts.
While the apartments at 111 West 57th Street held their high-ranking spots by a comfortable margin, both prices represent reductions of nearly $10 million. Residence #70 was listed for $30.5 million when the building started marketing off floor plans, and Residence #69 was listed for $30.25 million during this time.
Both full-floor units feature formal entrance galleries, dramatic views of Central Park in the Great Rooms, north-facing chef's kitchens, and super-luxe primary suites with large dressing rooms and spa-like baths with polished nickel bathtubs. A duplex combination might not have been impossible, but it has been confirmed that two separate buyers signed the contracts.
While the apartments at 111 West 57th Street held their high-ranking spots by a comfortable margin, both prices represent reductions of nearly $10 million. Residence #70 was listed for $30.5 million when the building started marketing off floor plans, and Residence #69 was listed for $30.25 million during this time.
111 West 57th Street is a new addition to the Billionaires' Row skyline; up the street, One57 was an early standard-bearer. It was also home to the fourth-highest contract of the week: Residence #51A entered contract with an asking price of $15,680,000 less than a year and a half after it was listed for $17,750,000 in November 2023.
Public records show that the buyer, who bought it from the sponsor with an LLC, will take a loss, having paid $20,368,500 in May 2014. It must be noted that this only takes the sticker price into account and not a meticulous renovation that included, but was not limited to, smart home infrastructure, museum-quality art lighting, custom closets in all the bedrooms, and a custom folding table in the in-unit laundry room.
Public records show that the buyer, who bought it from the sponsor with an LLC, will take a loss, having paid $20,368,500 in May 2014. It must be noted that this only takes the sticker price into account and not a meticulous renovation that included, but was not limited to, smart home infrastructure, museum-quality art lighting, custom closets in all the bedrooms, and a custom folding table in the in-unit laundry room.
77 Greenwich Street in the Financial District skyline
Also of note last week, a total of $21,288,000 across five deals was signed at 77 Greenwich Street. The three- and four-bedroom units all feature floor-to-ceiling windows facing water views, custom-designed Poliform kitchens, primary suites with spa-inspired baths, and in-unit laundry. The buyers will be able to move in immediately and enjoy access to amenities like a 12th-floor dog run and upper-level Cloud Club with fitness center, dining room, and fireplace lounge enhanced by 360-degree city views. These deals bring the building to 65% sold, and remaining availabilities range from $1.4 million for a one-bedroom to $9.75 million for a four-bedroom penthouse with private loggia.
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NYC’s 10 Priciest Contracts: March 9-16, 2025
#10. 171 East 73rd Street, #TH
Last Ask: $13,450,000 (-2.9%)
Lenox Hill | Townhouse | 6+ Bedrooms, 6+ Baths | 7,100 ft2
171 East 73rd Street, #TH (Serhant)
The Tower at Gramercy Square
From the Listing: Upon entering this massive home, you are greeted by a dramatic and spacious foyer. Immediately you have the option of entering the impressive great room, or the nearly 800-square-foot expansive eat-in kitchen. The kitchen is composed of custom-designed cabinetry by Italy-based Canova with top-of-the-line Sub-Zero and Wolf appliances, rich Calacatta marble and elegant Lefroy Brooks fixtures. The master suite and the three additional bedrooms are situated on opposite sides of the unit; easily closed off and separated from each other. The primary bedroom suite features two walk-in closets and a windowed five-fixture primary bath with radiant-heated marble floors, a soaking tub, and glass-enclosed shower. See full details here.
The Tower at Gramercy Square has 11 public availabilities from $1,175,000.
#8. 308 West 88th Street, #TH
Last Ask: $13,850,000
Riverside Dr./West End Ave. | Townhouse | 5 Bedrooms, 6+ Baths | 8,505 ft2
308 West 88th Street, #TH (Corcoran Group)
#7. The Astor, #PH2
Last Ask: $13,950,000
Broadway Corridor | Condominium | 5 Bedrooms, 6+ Baths | 4,805 ft2
The Astor, #PH2 (Douglas Elliman Real Estate)
#6. 820 Fifth Avenue, #MAISONETTE
Last Ask: $14,000,000
Park/Fifth Ave. to 79th St. | Cooperative | 4 Bedrooms, 5.5 Baths
820 Fifth Avenue, #MAISONETTE (Brown Harris Stevens Residential Sales LLC)
#5. 35 Hudson Yards, #8701
Last Ask: $15,000,000
Midtown West | Condominium | 5 Bedrooms, 5.5 Baths | 4,621 ft2
35 Hudson Yards, #8701 (Corcoran Sunshine Marketing Group)
#3. 111 West 57th Street, #69
Last Ask: $20,500,000
Midtown West | Condominium | 3 Bedrooms, 3.5 Baths | 3,873 ft2
111 West 57th Street, #69 (Sothebys International Realty)
#2. 111 West 57th Street, #70
Last Ask: $20,750,000
Midtown West | Condominium | 3 Bedrooms, 3.5 Baths | 3,873 ft2
111 West 57th Street, #70 (Sothebys International Realty)
#1. 838 Fifth Avenue, #6
Last Ask: $24,500,000
Park/Fifth Ave. to 79th St. | Condominium | 4 Bedrooms, 5.5 Baths | 5,427 ft2
838 Fifth Avenue, #6 (Compass)
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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