Huguette Clark (Photo courtesy of Emptymansionsbook.com) | 907 5th Avenue (Sotheby's International)
Manhattan Sales:
- For the week ending January 17, 2025, $361,554,293 worth of transactions across 183 condo, condop, and cooperative deals were recorded
- 93 condo sales came to an aggregate price of $192,683,613
- Five condop sales came to an aggregate price of $14,125,000
- 85 co-op sales came to an aggregate price of $152,545,680
In this article:
In the world of Manhattan real estate, there is generally a two-week lag between the date a sale takes place and the date it is recorded by the city. As such, the second full week of January 2025 would have a record of sales that took place over the week of Christmas and New Year's Day, which could explain the week-over-week dip. However, this week still saw expensive sales recorded at high-profile buildings, both prestigious prewar cooperatives and daring new construction.
In life, copper heiress Huguette Clark was notoriously private. While she enjoyed some success as a painter, and had an active social life into the mid-20th century, she went into seclusion following her mother's death in 1963, with her staff and her massive doll collection as her main sources of company. By the time of her death in 2011, she had been living in hospitals under a series of pseudonyms for 20 years.
Appropriately enough, The Real Deal notes that the sale of her former Fifth Avenue penthouse took place in an off-market deal: Residence #12W at the J.E.R. Carpenter-designed 907 Fifth Avenue closed for $37,500,000 in the week's top sale by far.
Public records show that Chella Safra, widow of Banco Safra co-founder Moise Safra, bought the penthouse from a trust linked to hedge fund founder Boaz Weinstein. Mr. Weinstein bought it from Ms. Clark's estate for $25.5 million in May 2012. A storage room was included in the most recent sale.
Appropriately enough, The Real Deal notes that the sale of her former Fifth Avenue penthouse took place in an off-market deal: Residence #12W at the J.E.R. Carpenter-designed 907 Fifth Avenue closed for $37,500,000 in the week's top sale by far.
Public records show that Chella Safra, widow of Banco Safra co-founder Moise Safra, bought the penthouse from a trust linked to hedge fund founder Boaz Weinstein. Mr. Weinstein bought it from Ms. Clark's estate for $25.5 million in May 2012. A storage room was included in the most recent sale.
Meanwhile, Upper West Side apartments were in high demand among luxury buyers last week. The week's top condo sale and second-highest overall was Residence #29C at One West End, which sold for $9,425,000. While this marks a reduction from the last asking price of $10 million, the sellers nevertheless make a profit, having bought the four-bedroom unit with open Hudson River views for $8,120,909 in May 2018.
The buyer made the purchase through an LLC and will enjoy access to the building's resort-style amenities, which include a state-of-the-art fitness center, a 75-foot glass-enclosed swimming pool, and a 12,000-square-foot landscaped terrace with cabanas, grills, and dining areas. Another perk is a 421a tax abatement in effect until 2037.
The buyer made the purchase through an LLC and will enjoy access to the building's resort-style amenities, which include a state-of-the-art fitness center, a 75-foot glass-enclosed swimming pool, and a 12,000-square-foot landscaped terrace with cabanas, grills, and dining areas. Another perk is a 421a tax abatement in effect until 2037.
(101 Central Park West, #16/17A - Sotheby's International Realty)
But while amenity-rich new Upper West Side condos have dominated headlines in recent years, the prewar buildings that brought the neighborhood to prominence have not been forgotten: The sale at One West End was trailed by Residence #16/17A at prestigious prewar cooperative 101 Central Park West. It closed for $7,500,000 in the third-highest sale of the week, or slightly below the $7.995 million ask when it entered contract in November 2024.
The duplex apartment was listed for $8.75 million in May 2024 by the estate of broadcasting/music executive Irwin Segelstein and his wife Bernice. When The New York Times announced the listing last spring, it noted that the couple had bought it from the family of orchestra leader Meyer Davis for $115,000 in October 1976. They then embarked on a series of renovations; as the apartment has changed hands for the first time in 48 years, the buyers will likely have to do the same. But it will be hard to improve upon the grand proportions, private terrace, and views of Central Park.
The duplex apartment was listed for $8.75 million in May 2024 by the estate of broadcasting/music executive Irwin Segelstein and his wife Bernice. When The New York Times announced the listing last spring, it noted that the couple had bought it from the family of orchestra leader Meyer Davis for $115,000 in October 1976. They then embarked on a series of renovations; as the apartment has changed hands for the first time in 48 years, the buyers will likely have to do the same. But it will be hard to improve upon the grand proportions, private terrace, and views of Central Park.
The fourth-highest sale of the week took place at supertall 432 Park Avenue, where Residence #38C closed for $7,225,000. Public records show that the seller, listed as an LLC, has taken a small loss on the two-bedroom, two and a half-bath home, having bought it from the sponsor for $7,735,785 in late 2015. They also identify the buyers as George Muzinich, president of finance firm Muzinich & Company, and his wife, Metropolitan Museum of Art docent Camille Muzinich.
(l-r) Lantern House and 450 Washington Street, home to the two units that tied for fifth-highest sale
To round out the top sales, two units tied for the week's fifth-highest price and top Downtown sale at $6,750,000.
These included Residence #703 at 450 Washington Street. The closing comes shortly after the three-bedroom, two and a half-bath unit with a massive private terrace entered contract with a $7.25 million ask in late December 2024. It was among $12,985,000 across three sales recorded in the building last week.
Also coming in at $6,750,000 was Penthouse #1015 at the High Line-adjacent Lantern House. While this price puts it among the highest-priced sales of the week, it also represents a $3 million reduction from the initial listing price when sales launched. It was asking $7.395 million when it entered contract in fall 2024.
The three-bedroom penthouse features the building's signature bay windows and a split bedroom layout, not to mention a private roof terrace with outdoor kitchen, space for separate dining and lounging areas, and views of the Hudson River. The buyer made the purchase with an LLC, and the sale brings Lantern House to nearly sold out.
The three-bedroom penthouse features the building's signature bay windows and a split bedroom layout, not to mention a private roof terrace with outdoor kitchen, space for separate dining and lounging areas, and views of the Hudson River. The buyer made the purchase with an LLC, and the sale brings Lantern House to nearly sold out.
Also of note last week, closings have commenced at Waldorf Astoria Residences New York. Located on top of the forthcoming hotel rooms, all units feature interiors by Jean-Louis Deniot, dedicated Concierge Closets, cerused white oak herringbone wood floors, kitchens with custom-designed cabinetry and Gaggenau appliances, primary baths with floor-to-ceiling honed white Bianca Carrara marble slab walls and radiant heated mosaic marble tile floor, and a choice of B&B Italia furnishing packages in two color palettes. In addition to the hotel's best-in-class staff and services, the buyers will enjoy access to 50,000 square feet of private residential amenities.
Manhattan's Top 5 Sales
Lantern House, #P1015 (Corcoran Sunshine Marketing Group)
From the Listing:
Dramatic three-dimensional bay windows are featured in every room at Lantern House offering charm, character and enhanced light and views keeping residents and their sense of home at the center of its design ethos. The gracious entry foyer leads to large corner great room with 11-foot, 6-inch ceilings, chevron-laid flooring, handsome fireplace with marble surround, and charming bay windows showcasing Hudson River views. Up a handsome oak- and bronze-clad staircase is the amazing roof terrace measuring over 1,000 square feet, a custom outdoor kitchen with refrigerator and grill, and plenty of space for a grand entertaining or a relaxing weekend at home!
Dramatic three-dimensional bay windows are featured in every room at Lantern House offering charm, character and enhanced light and views keeping residents and their sense of home at the center of its design ethos. The gracious entry foyer leads to large corner great room with 11-foot, 6-inch ceilings, chevron-laid flooring, handsome fireplace with marble surround, and charming bay windows showcasing Hudson River views. Up a handsome oak- and bronze-clad staircase is the amazing roof terrace measuring over 1,000 square feet, a custom outdoor kitchen with refrigerator and grill, and plenty of space for a grand entertaining or a relaxing weekend at home!
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450 Washington Street, #703 (Corcoran Sunshine Marketing Group)
From the Listing:
Direct Hudson River views set a magical tone for Residence #703, featuring a 1,376-square-foot river-front terrace, showcasing dazzling views over the Hudson River and stunning sunsets every day. The meticulously-detailed interiors include myriad modern details including 7-inch-wide plank white oak flooring and massive bronze-finished windows with Caesarstone window ledges. Open-concept kitchens feature Miele appliances, natural warm-toned quartzite countertops, crisp matte white lacquer cabinetry, architectural cove lighting and Dornbracht faucet fixtures.
Direct Hudson River views set a magical tone for Residence #703, featuring a 1,376-square-foot river-front terrace, showcasing dazzling views over the Hudson River and stunning sunsets every day. The meticulously-detailed interiors include myriad modern details including 7-inch-wide plank white oak flooring and massive bronze-finished windows with Caesarstone window ledges. Open-concept kitchens feature Miele appliances, natural warm-toned quartzite countertops, crisp matte white lacquer cabinetry, architectural cove lighting and Dornbracht faucet fixtures.
432 Park Avenue, #38C (Engel & Volkers)
From the Listing:
This 2,100-square-foot two-bedroom, two-and-a-half-bathroom home features soaring 12’-6” ceilings and 10’ × 10’ windows providing abundant light and dynamic views of Central Park and the city skyline through western and southern exposures. A gracious entry gallery leads to a large corner living and dining room perfect for entertaining. The windowed eat-in kitchen is outfitted with white lacquer and natural oak cabinetry, marble counters and floors, a large island, and marble breakfast bar with Central Park views.
This 2,100-square-foot two-bedroom, two-and-a-half-bathroom home features soaring 12’-6” ceilings and 10’ × 10’ windows providing abundant light and dynamic views of Central Park and the city skyline through western and southern exposures. A gracious entry gallery leads to a large corner living and dining room perfect for entertaining. The windowed eat-in kitchen is outfitted with white lacquer and natural oak cabinetry, marble counters and floors, a large island, and marble breakfast bar with Central Park views.
101 Central Park West, #16/17A (Sotheby's International Realty)
From the Listing:
An expansive light-filled aerie, Apartment 16/17A is a dramatic, 3,825-square-foot terraced duplex perched high atop one of Central Park West’s preeminent prewar cooperatives. Boasting rare dual exposures from 6 primary rooms, its location within the Central Park West Historic District protects the abundant sunlight and oblique views of Central Park and the New York City skyline. The generously proportioned reception rooms are distinguished by their superb scale and are adjacent to two terraces.
An expansive light-filled aerie, Apartment 16/17A is a dramatic, 3,825-square-foot terraced duplex perched high atop one of Central Park West’s preeminent prewar cooperatives. Boasting rare dual exposures from 6 primary rooms, its location within the Central Park West Historic District protects the abundant sunlight and oblique views of Central Park and the New York City skyline. The generously proportioned reception rooms are distinguished by their superb scale and are adjacent to two terraces.
1 Available Listing for Sale for $8,250,000
One West End, #29C (Douglas Elliman)
From the Listing:
Nestled in the heart of the sky, Residence 29C is an exquisite 4-bedroom, 4.5-bathroom haven boasting 3,917 square feet of luxurious living space with three stunning exposures: north, south and west. With wide walnut plank flooring spanning 7 feet, lofty ceilings reaching over 11 feet, and expansive floor-to-ceiling windows framing captivating skyline views, this home offers a unique blend of elegance and sophistication. The highlights of this one-of-a-kind residence are the magnificent almost 40 foot wide great room with western water views, and the impressive custom eat-in Scavolini kitchen, meticulously designed by Jeffery Beers.
Nestled in the heart of the sky, Residence 29C is an exquisite 4-bedroom, 4.5-bathroom haven boasting 3,917 square feet of luxurious living space with three stunning exposures: north, south and west. With wide walnut plank flooring spanning 7 feet, lofty ceilings reaching over 11 feet, and expansive floor-to-ceiling windows framing captivating skyline views, this home offers a unique blend of elegance and sophistication. The highlights of this one-of-a-kind residence are the magnificent almost 40 foot wide great room with western water views, and the impressive custom eat-in Scavolini kitchen, meticulously designed by Jeffery Beers.
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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