NYC Contracts: One of 1122 Madison's last availabilities leads Manhattan deals; Brooklyn Heights townhouse is borough's priciest of 2026

1122 Madison Avenue (Naftali Group/DBOX)

Monday, Jul 13, 2026 By CityRealty Staff, CityRealty contributor

From July 6-12, 2026, 228 residential contracts were signed in Manhattan. This was a return to a full business week and showed an 18 percent week-over-week increase in the number of contracts signed. The aggregate dollar amount also ticked up during this time despite only one uber-luxury contract over $10 million being signed in the borough last week.

Brooklyn Heights townhouse sets 2026 borough record

192 Columbia Heights, Brooklyn Heights townhouse

192 Columbia Heights (Serhant)

The top contract reported last week was for 192 Columbia Heights, a townhouse in Brooklyn Heights asking $24.5 million. While the sale appears to have taken place in an off-market deal on June 30, the brokerage reported the contract on Monday, July 6, and the NYC Department of Finance recorded the sale for the ask on the same day. Not only does 6sqft note that this is Brooklyn's most expensive real estate deal of 2026 to date, but The New York Times reports that it is Brooklyn's highest price per square foot in the borough and third most expensive residential sale in Brooklyn's history.

Both parties are identified in public records as LLCs, but show that the most recent seller bought the townhouse from Granite Broadcasting CEO W. Don Cornwell for $11.75 million in November 2018. The 25-foot-wide, 6,625-square-foot brownstone was built in 1856 and was recently renovated by architect Nicholas Schuybroek. Features include a parlor floor with 14' ceilings, fireplaces in the living room and primary suite, a formal dining room with access to a deck overlooking New York Harbor, a kitchen with dumbwaiter to the parlor level, and a top-floor home gym.

View of lower Manhattan from 192 Columbia Heights

1122 Madison Avenue nears sellout in highly coveted UES neighborhood

1122 Madison Avenue, Upper East Side condominium

1122 Madison Avenue (Naftali Group/DBOX)

The week's top apartment contract, top Manhattan deal, and second-highest overall was for Residence #14NORTH at 1122 Madison Avenue, which was asking $21.175 million. The contract was signed about four months after a penthouse in the building entered contract with an $89.5 million ask, which would be the most expensive condo ever sold on the Upper East Side. Only three units remain in the building, and the two public availabilities are a pair of floor-through five-beds starting at $38.95 million.

Like all units in the building, the half-floor, five-bedroom Residence #14NORTH features interiors by Studio Sofield, 10' ceilings, European white oak parquet de Versailles-inspired flooring, grandly scaled living space, and bedrooms thoughtfully positioned for privacy. Just off the formal dining room, the eat-in kitchen features a generous island, Pentelikon Premium marble slab countertops and backsplash, and professional-grade appliances by Sub-Zero, Wolf, and Miele. The primary suite has double exposures, dual walk-in closets, and a windowed bath clad in semi-polished Silver Mist marble.

1122 Madison Avenue, Upper East Side, NYC condos

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Residents of 1122 Madison Avenue will arrive to an attended lobby, and wellness amenities will include a fitness center with training studio by The Wright Fit, a squash/sports court, and a spa with sauna, steam room, and cold plunge. On the third floor, leisure amenities will include a private dining room, a lounge with a leathered marble bar, a drawing room lounge with a bas-relief-topped fireplace, a billiards lounge, and a children's playroom.

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1122 Madison Avenue, Upper East Side condo

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Jacqueline Kennedy Onassis Reservoir Fountain

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Residents of 1122 Madison Avenue will also enjoy a prime Upper East Side address, a recent Legionnaires' disease outbreak notwithstanding. The building is located directly behind the Jacqueline Kennedy Onassis Reservoir Fountain, which dates back to 1917 and was restored and reinstalled in 2009 to give it both a decorative and functional role of providing aeration for the Reservoir. It is also located in close proximity to the Metropolitan Museum of Art, The Frick Collection, the Guggenheim, Michelin-starred restaurants, and designer flagships on Madison Avenue.

The latest contract at 1122 Madison Avenue comes at a time when, as Corey Cohen of Compass put it, one can practically watch the next cycle of Upper East Side residences being underwritten in real time as buyers show a willingness to pay for new construction, spacious layouts, and the freedoms that come with condo ownership. Earlier this summer, developer Naftali Group filed permits to demolish floors 6-33 of 800 Fifth Avenue, the postwar rental they acquired from Spitzer Enterprises in August 2025, in preparation to replace it with a new 26-story boutique condominium with a Landmarks-approved limestone facade designed by Robert A.M. Stern Architects and 55 units being underwritten at roughly $11,000 per square foot.

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800 Fifth Avenue, Upper East Side condominium

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"I've lived here for over 10 years. I love the neighborhood. If it were up to me, I would never leave...[but] there is nothing for rent around here" - Anonymous tenant of 800 Fifth Avenue

The building must be vacated by the end of the year, and about 200 tenants are now scrambling to find something comparable. The New York Post notes that it is not necessarily a question of money (rents ran as high as $30,000/month), but rather a lack of supply on Fifth Avenue for people whose lifestyles were more conducive to renting than owning. Many of the cooperatives lining upper Fifth Avenue do not allow owners to sublet; there is a five-year waitlist for 945 Fifth Avenue, a rare rental; and tenants dead set on staying in the area are facing jaw-dropping prices (e.g. a five-bedroom at Madison Avenue condominium The Benson that rented for $95,000/month earlier this year).

985 Fifth Avenue, Upper East Side condominium

Rendering of 985 Fifth Avenue (SLCE Architects for Landmarks Preservation Commission)

Developer Spitzer Enterprises constructed 985 Fifth Avenue as a rental in the 1960s; but this, too, is being cleared of tenants in preparation for its demolition. It will be replaced with a Landmarks-approved boutique condominium designed by SLCE with a classically-inspired limestone facade, a distinctive crown, multiple setbacks, 21 grandly scaled apartments, and amenities that include a fitness center, an indoor swimming pool, and several lounges.

985 Fifth Avenue, Upper East Side rental

Current conditions at 985 Fifth Avenue (CityRealty)

Upper West Side condos triumph among new development contracts

250 West 96th Street, Upper West Side condo

250 West 96th Street (Corcoran Group)

While the contract at 1122 Madison Avenue was the week's top sponsor deal by dollar amount, 250 West 96th Street was the best performer in terms of the number of contracts signed. Eight contracts, the most of any new development last week, were signed in the glassy new building on the corner of West 96th Street and Broadway. Buyers of the two- to three-bedroom apartments can move in immediately and enjoy access to amenities that include a fitness center with Pilates studio, a squash court with basketball hoop, a 75' saltwater lap pool, a spa with sauna and steam room, a music room, a children's playroom, a dining room with catering kitchen, a club lounge, and a roof terrace with outdoor cinema, grilling and dining areas, and Manhattan skyline views. The building is over 50 percent sold, and current availabilities range from a one-bedroom for $1.75 million to a four-bedroom for $5.94 million.

250 West 96th Street was not the only well-performing new development on the Upper West Side. Residence #10B at the RAMSA-designed Two Fifty West 81st entered contract with a $6.95 million ask, the seventh-highest of the week, and two contracts apiece were signed at One West End (one of which was in the top ten) and Vandewater.

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520 Fifth Avenue (center) from Olympic Tower

Beyond the Upper West Side, Residence #64B, one of the final remaining availabilities at 520 Fifth Avenue, entered contract with a $5.45 million ask. Multiple contracts were also signed at The Strathmore in Yorkville, 194 Bainbridge Street in Bedford-Stuyvesant, and Sophia in Prospect Lefferts Gardens.

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Top NYC Contracts: July 6-12, 2026

#10. River West Condominium, #8
Last Ask: $6,000,000

West Village | Condominium | 4 Bedrooms, 3.5 Baths | 2,400 ft²

River West Condominium, #8 (Compass)

From the Listing: Introducing the 8th floor at 296 West 10th, a sun-drenched, full-floor condo, where four exposures and a panoramic Hudson River view offer a rare vantage point over Manhattan. A key-locked elevator opens to a private foyer that divides the home into two distinct wings: a sprawling southern entertaining suite with a chef's kitchen and media room, and a serene northern wing with four generous bedrooms, including a primary suite with a gas fireplace, custom built-ins, and an ensuite bathroom overlooking the Hudson. See full details here.

River West Condominium has no public availabilities.

#9. 1100 Park Avenue, #6B
Last Ask: $6,350,000

Carnegie Hill | Cooperative | 3 Bedrooms, 3.5 Baths

1100 Park Avenue, #6B (Sotheby's International Realty)

From the Listing:
Perfectly located in a highly sought-after Carnegie Hill cooperative, this beautifully renovated three-bedroom, three-and-a-half-bath residence offers grand scale, exceptional light, and four rooms overlooking Park Avenue. This coveted B line apartment has been meticulously designed and thoughtfully renovated for both comfortable living and elegant entertaining. See full details here.

1100 Park Avenue has no public availabilities.

#8. Morton Square, #9BW
Last Ask: $6,495,000

West Village | Condominium | 3 Bedrooms, 3.5 Baths | 2,447 ft²

Morton Square, #9BW (Corcoran Group)

From the Listing: In one of the West Village's premier full-service condominiums, Residence 9BW at 1 Morton Square is an expansive 2,447 square foot home featuring panoramic river views, dramatic sunsets, and a gracious, flowing layout. Originally configured as a 3-bedroom with 3.5 baths, the home has been updated to a 2-bedroom with a home office/media room off of the living room that can easily be converted back to its original layout, and separated to become a true third bedroom. See full details here.

Morton Square has one public availability asking $3.495 million.

#7. Two Fifty West 81st, #10B
Last Ask: $6,950,000

Riverside Dr./West End Ave. | Condominium | 4 Bedrooms, 3.5 Baths | 2,500 ft²

Two Fifty West 81st, #10B (Brown Harris Stevens Residential Sales LLC)

From the Listing: Grand and gracious is what comes to mind when one arrives at one of Robert A. M. Stern's finest new state-of-the-art buildings located at 81st and Broadway prime and convenient Upper West Side. This sprawling and spacious 4-bedroom home boasts almost 2,500 square feet, freshly curated by Kimberley Chapman Interiors! With an entrance gallery which is 18 feet long, it certainly sets the stage to experience the beautiful Great Room of 26 x 17 feet where life truly will be lived. See full details here.

Two Fifty West 81st has no public availabilities.

#6. 232 East 68th Street, #TH
Last Ask: $7,500,000

Lenox Hill | Townhouse | 4 Bedrooms, 5.5 Baths | 6,000 ft²

232 East 68th Street, #TH (Corcoran Group)

From the Listing: Located on one of the Upper East Side's most historic and pristine townhouse blocks, 232 East 68th Street is a beautifully appointed, 18ft wide, two-family townhouse featuring a gated arrival and brand-new facade. Offering over 6,000 square feet of move-in condition interior space plus 1,800 square feet of exterior, accessible by three separate entrances, the home is as versatile as it is distinguished - currently configured as an owner's triplex plus a rental duplex above yet easily reimagined as a magnificent single-family residence or community facility property. See full details here.

#5. One West End, #25F
Last Ask: $7,950,000

Riverside Dr./West End Ave. | Condominium | 4 Bedrooms, 4.5 Baths | 2,835 ft²

One West End, #25F (Compass)

From the Listing: Introducing Residence #25F at the renowned One West End Avenue, a sprawling 2,835-square-foot four-bedroom, four-and-a-half-bathroom home designed by Jeffrey Beers, boasting unobstructed Hudson River views through dramatic floor-to-ceiling windows. The thoughtfully designed layout pairs expansive living and entertaining spaces with refined contemporary finishes throughout.

Furniture is available for purchase separately. The building’s 421-a tax abatement remains in effect through 2040. See full details here.

One West End has 4 public availabilities from $1.95 million.

#4. 108 East 78th Street, #TH
Last Ask: $8,850,000

Park/Fifth Ave. to 79th St. | Townhouse | 4 Bedrooms, 4.5 Baths | 5,500 ft²

108 East 78th Street, #TH (Corcoran Group)

From the Listing: This turn-of-the-century four-story townhouse exudes the charm, elegance, and grandeur of its vintage. The house is approximately 5,500 square feet, 18 feet wide and built 60 feet deep, with an enchanting south-facing garden. Ceiling heights on the parlor floor are almost 13 feet, over 11 feet on the third floor and over 10 feet on the fourth floor. Many of the rooms retain 19th century Beaux-Arts details and the scale of the rooms give a sense of mansion-like proportions. See full details here.

#3. The Steiner Building, #7AB
Last Ask: $9,995,000 (-14.9%)

Chelsea | Condominium | 5 Bedrooms, 3.5 Baths | 4,042 ft²

The Steiner Building, #7AB (Compass)

From the Listing: Set in one of NYC’s most sought after neighborhoods, this stunning home spans over 4,000 square feet of luxurious living, wonderfully cared for and brought to life with exceptional modern design and impressive upgrades. Recently reimagined, this 4/5 bedroom, 3.5 bath loft encompasses the entire west side of the 7th floor, and offers a fantastic layout that can easily be reconfigured to your personal preference. See full details here.

The Steiner Building has no public availabilities.

#2. 1122 Madison Avenue, #14NORTH
Last Ask: $21,175,000

Carnegie Hill | Condominium | 5 Bedrooms, 4.5 Baths | 3,809 ft²

1122 Madison Avenue, #14NORTH (Corcoran Sunshine Marketing Group)

From the Listing: Designed by Studio Sofield with unrivaled quality and timeless style, half-floor Residence 14 North spans 3,809 square feet with Central Park views from an enfilade of entertaining rooms including the 27'x18' corner great room. Offering five bedrooms, four bathrooms, a powder room, a formal dining room overlooking the park, and a library naturally extending the great room through a pocket door, this elegant home features 10' ceilings, and west, east, and north exposures. See full details here.