NYC Contracts: Condos by star architects lead the pack; Hendrix House swiftly hits 50% sold

By CityRealty Staff | From Future New York Monday, August 19, 2024

According to CityRealty’s Starchitect index, prices in condos designed by high-profile architects are down from the dizzying highs of 2019. However, if Manhattan’s top contracts from August 12-18, 2024 are any indication, such buildings remain in high demand among luxury buyers: Apartments in condos designed by Pritzker Prize laureate Christian de Portzamparc, Robert A.M. Stern Architects, and Bjarke Ingels Group demanded some of the highest asking prices of the week.

The top contract of the week was for Tower Residence #31 at 111 West 57th Street, which was asking $14,000,000. While this price represents a $3 million reduction from the figure listed in the super-skinny supertall's initial offering plan, the price cut is not as deep as some of the others in the tower soaring above the landmarked and refurbished Steinway Hall loft component. Like its Tower Residence counterparts, #31 features three bedrooms, three and a half baths, direct elevator entry, and views of Central Park.

It was closely trailed by another full-floor unit. Residence #57FL at Madison Square Park Tower had the week's top Downtown contract and second-highest overall with an asking price of $12,500,000. If it sells for this asking price, public records indicate that the unidentified seller will break even, having paid this price for the apartment in January 2020. It was initially listed for $13,995,000 in January 2024.

The week's top townhouse contract and fourth-highest overall was for 144 Waverly Place, which was asking $8,925,000. When its owner, RFR principal Michael Fuchs, listed it in June 2024, Crain's New York Business noted that it does not appear that he ever lived there, having purchased a nearby Village townhouse around the same time and rented out units at 144 Waverly Place. If it sells for this price, Mr. Fuchs will take a loss, having paid $9.2 million for it in 2019.

Also of note last week, three contracts were signed at Hendrix House, a new construction condominium on the southwest corner of East 25th Street and Second Avenue. All three studio through one-bedroom units feature floor-to-ceiling windows, open kitchens with high-end appliances, and Hendrix House's signature custom home offices with built-in desk and shelving system; the studio also has a private terrace. The contracts bring Hendrix House to over 50% sold.

The signings come less than two months after sales launched in the building and at a time when construction has recently topped out. Remaining availabilities start at $1,325,000.

Hendrix House (CORE Real Estate) | Photo from August 2024 showing the frame at full height (CityRealty)

Development and design team of Hendrix House on the roof

(l-r) Anthony Morali, Shaun Oster, Bentley Zhao, Wayne Norbeck, and Paris Forino at Hendrix House's topping-out ceremony (The Snap Market)

"Hendrix House is custom-tailored to realize innovative in-home and community spaces which celebrates the philosophy of community and interconnected living" — Bentley Zhao, Chairman & CEO, New Empire Corp.

One of several lounge areas and co-working spaces at Hendrix House

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#10. 400 Park Avenue South, #27C
Last Ask: $5,295,000 (-3.7%)

NoMad/Flatiron District | Condominium | 3 Bedrooms, 3 Baths | 2,819 ft²

400 Park Avenue South, #27C (Corcoran Group)

From the Listing: Known as the Fortress of Glassitude, the building's unique design allows for significant natural sunlight to permeate throughout the residences while offering stunning views of the surround. Unit #27C delivers on this praise and shows its strength with over 2,800 square feet of expansive living space. As you make your way throughout this luxurious residence, you'll find three extra-large bedrooms, three full bathrooms, and a home that has been kept in remarkable condition since its original purchase. The tour begins with the state-of-the-art kitchen that upholds Pedini glass-faced cabinetry, quartzite countertops and Miele appliances. 10-year tax abatement in effect. See full details here.

400 Park Avenue South has 2 public availabilities from $5,450,000.

#9 (tie). 2 Cornelia Street, #1004/1005
Last Ask: $5,500,000

Greenwich Village | Condominium | 4 Bedrooms, 3.5 Baths | 2,552 ft²

2 Cornelia Street, #1004/1005 (Serhant LLC)

From the Listing: Welcome to this sun-splashed high-floor corner duplex nestled on a coveted single-block street in one of the most exciting areas of Manhattan. Graced with nearly 11-foot ceilings and spectacular open city views, this sprawling 4-bedroom, 3.5-bathroom pre-war condo offers modern West Village living a block from Washington Square Park. On the lower level of the home, a lovely entryway with a reach-in coat closet flows into an expansive open-plan living room, dining room, and kitchen suffused with southern and eastern light. Beautiful stairs with built-in storage lead to a quiet upper level with three bedrooms and bathrooms. See full details here.

2 Cornelia Street has 1 public availability asking $2,100,000.

#9 (tie).18 Gramercy Park South, #M1
Last Ask: $5,550,000

Gramercy Park | Condominium | 2 Bedrooms, 3.5 Baths | 3,750 ft²

18 Gramercy Park South, #M1 (Above image via Robert A.M. Stern Architects | Nest Seekers LLC)

From the Listing: Custom hand-carved molding adorns the ceiling, creating a dramatic and grand entrance to the main level of this spectacular residence. To the left of the entrance foyer on the main level, you enter the primary bedroom suite, a serene sanctuary. Features include a separate dressing room with storage and custom-fitted closets throughout. On the main level, there is a beautiful en-suite bath and large custom closets. Light streams in from the large eastern windows making this room warm and inviting. As you continue on to the sitting room the staircase features a beautiful custom design in polished nickel railing. Estate sale -- original price was $7,500,000, plus owners' renovation cost was over $2 million. Key to Gramercy Park included. See full details here.

18 Gramercy Park South has 1 public availability asking $39,999,000.

#8. One High Line, #EAST18D
Last Ask: $6,055,000

Chelsea | Condominium | 2 Bedrooms, 2.5 Baths | 1,856 ft²

One High Line, #EAST18D (Corcoran Sunshine Marketing Group)

From the Listing: East 18D at One High Line is an 1,856-square-foot two-bedroom and two-and-a-half-bathroom corner residence featuring north and east exposures. This exceptional home boasts a generous great room finished with natural oak chevron floors and open kitchen with elegant Carnico Grigio marble floors, Molteni brushed Epicea wood and white lacquer cabinetry with cove lighting, and honed Calacatta Gold marble countertops and backsplash. A Calacatta Gold marble island complements the space, offering ample opportunities for seamless entertaining. Fully integrated appliances include a Gaggenau refrigerator, convection oven, speed oven, and Miele ventilation hood, dishwasher, and undercounter wine refrigerator. The oversized corner primary suite offers floor to ceiling windows capturing views of the city skyline and beyond. See full details here.

One High Line has 34 public availabilities from $2,230,000.

#7. XOCO 325, #2
Last Ask: $6,450,000

SoHo | Condominium | 2 Bedrooms, 2.5 Baths | 2,871 ft²

XOCO 325, #2 (Serhant LLC)

From the Listing: Residence 2 at the landmarked 23-25 Wooster Street is a spacious 50' wide full floor loft featuring 2,871 square feet with 2 oversized bedrooms and 2.5 baths. This unique residence is part of the full service XOCO condominium at 325 West Broadway, complete with 24-hour doorman and fitness center and can also be accessed from the main lobby at 325 West Broadway. A discreet, keyed elevator opens directly into a foyer entrance leading into an expansive Great Room overlooking XOCO 325's lush interior garden. Adjacent to the Great Room, an arched brick wall leads to a spacious Media Room also with a western exposure onto the garden. Design details include restored Douglas Fir wood beamed ceilings, exposed original brick walls and arches. See full details here.

XOCO 325 has no public availabilities.

#6. 130 William, #PH61B
Last Ask: $6,950,990

Financial District | Condominium | 3 Bedrooms, 3.5 Baths | 2,470 ft²

130 William, #PH61B (Corcoran Sunshine Marketing Group)

From the Listing: Penthouse 61B is a three-bedroom, three-and-a-half bathroom home featuring ceilings up to 11 feet and a generous private outdoor space. Oversized arched windows with elegant bronze detailing frame panoramic river and New York City skyline views with all four exposures. The outdoor loggia spans the full width of the residence, reaching nearly 80 feet. Interior finishes include wide-plank white oak flooring and oil rubbed bronze fixtures custom designed by Sir David Adjaye. The living and dining area with direct loggia access boasts an open kitchen with custom Pedini Italian textured blackened oak cabinetry with blackened steel insets, Salvatori Pietra Cardosa marble countertops and backsplash hand-selected from the Apuan Alps in Tuscany with a Salvatori Nero Marquina cantilever providing additional seating. See full details here.

130 William has 12 public availabilities from $1,925,990.

#5. 46 Laight Street, #MAISONETTE
Last Ask: $7,990,000

Tribeca | Condominium | 5 Bedrooms, 4.5 Baths | 5,202 ft²

46 Laight Street, #MAISONETTE (Serhant LLC)

From the Listing: Nestled at the corner of cobblestoned Laight Street in Tribeca's Historic District, this stunning triplex boasts 5 bedrooms, 4.5 bathrooms, and a private garage with multiple outdoor spaces across three floors, totaling an impressive 5,202 square feet. A private key-locked elevator opens into an expansive 22-foot-wide living room with abundant southern natural light, 10-foot beamed ceilings, and a marble gas fireplace. Moving to the second level, you'll find three loft-like bedrooms, each with soaring 11-foot ceilings and access to their own full bathrooms. The third level welcomes you with an oversized recreation room, two generous-sized bedrooms with access to a large 25-foot terrace, a full bathroom, and an additional laundry room with added storage. See full details here.

46 Laight Street has 2 public availabilities from $8,495,000.

#4. 144 Waverly Place, #TH
Last Ask: $8,925,000

Greenwich Village | Townhouse | 5 Bedrooms, 5 Baths | 6,300 ft²

144 Waverly Place, #TH (Douglas Elliman Real Estate)

From the Listing: Located on one of the most unique and charming blocks in the heart of Greenwich Village sits this nearly 23'-wide, five-story townhouse. The home spans 6,300 square feet, spread across five grand levels and features an enormous owner's duplex with private south-facing garden flooded as well as three additional sun-filled floor-through apartments. Facing historic Gay Street, 144 Waverly Place offers the ability to create a magnificent single-family mansion on an incredibly charming Greenwich Village block. See full details here.

#3. 235 West 71st Street, #PH
Last Ask: $8,999,000 (-17.8%)

Broadway Corridor | Condominium | 5 Bedrooms, 4.5 Baths | 5,876 ft²

235 West 71st Street, #PH (The Agency Brokerage)

From the Listing: Welcome to a majestic floor-through home within a charming brick-clad building. Featuring nearly 5,000 interior square feet, enjoy a spacious layout that encompasses five bedrooms and four-and-a-half bathrooms. No summer home is required with this magnificent penthouse—a true entertainer’s delight. The building lends turn-of-the-century charm, exquisite construction by renowned architect Mario Arbore and the convenience of all new mechanicals and interiors. See full details here.

235 West 71st Street has no public availabilities.

#2. Madison Square Park Tower, #57FL
Last Ask: $12,500,000

Flatiron/Union Square | Condominium | 4 Bedrooms, 5 Baths | 4,658 ft²

Madison Square Park Tower, #57FL (Coldwell Banker Warburg)

From the Listing: Introducing the epitome of luxury living at 45 East 22nd Street, Madison Square Park Tower. This exquisite turnkey condominium home encompasses the entire 57th floor, offering unparalleled 360-degree panoramic views of the Manhattan skyline from every angle. Spanning over 4,600 square feet, with its own private elevator landing, Residence 57 boasts unmatched grandeur. With 10-foot ceilings throughout, 4 spacious bedrooms, 4.5 bathrooms, and a 40-foot, open living and dining room, there is ample space for both relaxation and entertainment. The views of the Manhattan skyline are iconic, with the living/dining room peering directly at legendary Manhattan landmarks like the Empire State Building, Chrysler Building, Clocktower and more. See full details here.

Madison Square Park Tower has 3 public availabilities from $3,250,000.

#1. 111 West 57th Street, #31
Last Ask: $14,000,000

Midtown West | Condominium | 3 Bedrooms, 4 Baths | 4,492 ft²

111 West 57th Street, #31 (Sothebys International Realty)

Identical floor plan to #31

From the Listing: 111 West 57th Street, an elegant tower of glass, terracotta and bronze, rising to 1,428’ and perfectly centered, overlooking Central Park. It is the premier condominium along West 57th Street, offering extraordinary views, boutique sophistication, and an unparalleled level of privacy and highly-personalized services. Residents at 111 West 57 will enjoy exclusive concierge service and a rare, private porte cochère entrance on 58th Street for the utmost in security and privacy. See floor plan and full details here.

111 West 57th Street has 7 public availabilities from $13,000,000.

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In this article:

"Hendrix House is custom-tailored to realize innovative in-home and community spaces which celebrates the philosophy of community and interconnected living" — Bentley Zhao, Chairman & CEO, New Empire Corp.

Select which properties are of interest to you:

#10. 400 Park Avenue South, #27C
Last Ask: $5,295,000 (-3.7%)

400 Park Avenue South has 2 public availabilities from $5,450,000.

#9 (tie). 2 Cornelia Street, #1004/1005
Last Ask: $5,500,000

2 Cornelia Street has 1 public availability asking $2,100,000.

#9 (tie).18 Gramercy Park South, #M1
Last Ask: $5,550,000

18 Gramercy Park South has 1 public availability asking $39,999,000.

#8. One High Line, #EAST18D
Last Ask: $6,055,000

One High Line has 34 public availabilities from $2,230,000.

#7. XOCO 325, #2
Last Ask: $6,450,000

XOCO 325 has no public availabilities.

#6. 130 William, #PH61B
Last Ask: $6,950,990

130 William has 12 public availabilities from $1,925,990.

#5. 46 Laight Street, #MAISONETTE
Last Ask: $7,990,000

46 Laight Street has 2 public availabilities from $8,495,000.

#4. 144 Waverly Place, #TH
Last Ask: $8,925,000

#3. 235 West 71st Street, #PH
Last Ask: $8,999,000 (-17.8%)

235 West 71st Street has no public availabilities.

#2. Madison Square Park Tower, #57FL
Last Ask: $12,500,000

Madison Square Park Tower has 3 public availabilities from $3,250,000.

#1. 111 West 57th Street, #31
Last Ask: $14,000,000

111 West 57th Street has 7 public availabilities from $13,000,000.

This is your member's center

In this article:

"Hendrix House is custom-tailored to realize innovative in-home and community spaces which celebrates the philosophy of community and interconnected living" — Bentley Zhao, Chairman & CEO, New Empire Corp.

Select which properties are of interest to you:

Select which properties are of interest to you:

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