The Giorgio Armani Residences (Danilo Scarpati; Courtesy of Beehive Studio for Armani)
Manhattan Sales:
- For the week ending January 31, 2025, $509,242,230 worth of transactions across 247 condo, condop, and cooperative deals were recorded
- 110 condo sales came to an aggregate price of $324,153,357
- One condop sale was recorded for $4,095,000
- 136 co-op sales came to an aggregate price of $177,993,873
In this article:
Manhattan's Upper East Side has traditionally been a hotbed of luxury real estate, and remains so in the present day. But over the past few decades, Tribeca has evolved from an industrial area to a wealthy enclave. Listings in these neighborhoods accounted for all five of Manhattan's most expensive sales for the last week of January 2025.
Last week, a total of $44,456,500 across two sales was recorded at The Giorgio Armani Residences. Both units were originally asking $25 million and closed for under ask, but were neck and neck for the highest-priced sale of the week. They both boast interiors by Giorgio Armani, gracious living space, chef-caliber kitchens, bedrooms with generous closet space, private outdoor space, and access to a thoughtfully curated amenity package.
The full-floor Residence #5 had the week's top sale at $22,456,500. This four-bedroom residence spans nearly 4,900 interior square feet and offers a total of 827 square feet of private outdoor space across three balconies. The buyer conducted the transaction with an LLC.
Penthouse #10 was hot on its heels, closing at an even $22,000,000, or $3 million below ask. The three-bedroom residence is encircled with a planted wraparound terrace, and it also features two private balconies. The buyer is listed in public records as philanthropist Elsa Brule.
The full-floor Residence #5 had the week's top sale at $22,456,500. This four-bedroom residence spans nearly 4,900 interior square feet and offers a total of 827 square feet of private outdoor space across three balconies. The buyer conducted the transaction with an LLC.
Penthouse #10 was hot on its heels, closing at an even $22,000,000, or $3 million below ask. The three-bedroom residence is encircled with a planted wraparound terrace, and it also features two private balconies. The buyer is listed in public records as philanthropist Elsa Brule.
Giorgio Armani Madison Avenue boutique
Armani Ristorante
In addition to the residential amenities, the buyers enjoy close proximity to fine dining and Madison Avenue flagship boutiques. However, none are more convenient than the Giorgio Armani flagship that reopened in the base of the building in fall 2024. The boutique generated over $1 million in only three days of business.
Moreover, while Mr. Armani traditionally holds his runway presentations at Milan's Fashion Week, he presented his spring 2025 collection at the Park Avenue Armory last fall to mark the opening of the boutique. Coincidentally, the most recent closings were recorded shortly before the first day of the fall 2025 shows at New York Fashion Week.
Moreover, while Mr. Armani traditionally holds his runway presentations at Milan's Fashion Week, he presented his spring 2025 collection at the Park Avenue Armory last fall to mark the opening of the boutique. Coincidentally, the most recent closings were recorded shortly before the first day of the fall 2025 shows at New York Fashion Week.
The Giorgio Armani Residences' Landmarks Preservation Commission-approved design drew inspiration from the surrounding prewar architecture that remains in demand. The week's top co-op sale and fifth-highest overall took place at 920 Fifth Avenue, a J.E.R. Carpenter-designed cooperative almost directly west of The Giorgio Armani Residences. Residence #8A closed for $15,000,000 in a sale recorded about two months after it entered contract with a $17 million ask.
140 Franklin Street, #2B (Compass)
The week's top sale outside of The Giorgio Armani Residences was also the top Downtown sale: Residence #2 at 24 Leonard Street sold for $21,188,000. This seven-unit boutique condominium was finished in 2019, but its design was inspired by the surrounding architecture in the Tribeca West Historic District. The buyer used an LLC (as did the seller) and is set to enjoy such perks as a spacious floor plan, an attended lobby, a fitness center, and deeded parking for purchase.
It was trailed by Residence #2B at 140 Franklin Street. Original steel columns from the building's time as a wrapping paper factory are still on display in this spacious loft apartment, and the interiors have been updated with a chef's kitchen, a custom wet bar, a library with custom bookshelves, and a super-luxe primary suite. The $16,000,000 closing price is about half the $30.5 million the sellers, entrepreneur/film and Broadway producer Amy Nauiokas and her husband, business executive Michael Harrison, originally sought when they listed it in May 2015, but is still more than 4.5 times what they paid for it in April 2009, and was high enough for the fourth most expensive sale of the week.
Also of note last week, Residence #24C at 220 Central Park South sold for $12,500,000, a price just short of the top five sales. The two-bedroom, two and a half-bath unit was listed for $13.7 million in the building's initial offering plan, and the buyer was identified through an LLC.
When Crain's New York Business announced the sale, it noted that this put the limestone-clad Billionaires' Row building one step closer to sellout. The one remaining developer-owned unit is Residence #23C, which is asking $13,650,000.
When Crain's New York Business announced the sale, it noted that this put the limestone-clad Billionaires' Row building one step closer to sellout. The one remaining developer-owned unit is Residence #23C, which is asking $13,650,000.
220 Central Park South (Vornado Realty Trust)
Top Manhattan sales
920 Fifth Avenue, #8A (Corcoran Group)
From the Listing:
This exceptional 8th floor, 11 into 10 room home, with above the tree tops Central Park views, is an exemplar of luxurious Fifth Avenue homes. Considered one of J.E.R. Carpenter's best designed residential buildings, he, as well as his daughter and son-in-law, chose to live at 920 Fifth Avenue. As you tour this stately and stunning prewar home, one discovers the apartment's many outstanding features-expansive Central Park views from 6 oversized windows in the living room and 3 main bedrooms, three wood burning fireplaces, a private elevator vestibule, high ceilings and Carpenter's masterful design. The apartment has two storage units - a large cage and a locker.
This exceptional 8th floor, 11 into 10 room home, with above the tree tops Central Park views, is an exemplar of luxurious Fifth Avenue homes. Considered one of J.E.R. Carpenter's best designed residential buildings, he, as well as his daughter and son-in-law, chose to live at 920 Fifth Avenue. As you tour this stately and stunning prewar home, one discovers the apartment's many outstanding features-expansive Central Park views from 6 oversized windows in the living room and 3 main bedrooms, three wood burning fireplaces, a private elevator vestibule, high ceilings and Carpenter's masterful design. The apartment has two storage units - a large cage and a locker.
140 Franklin Street, #2B (Compass)
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From the Listing:
Welcome to 140 Franklin Street, where historic charm meets contemporary luxury in this sprawling 6,300-square-foot residence, set within Tribeca's most revered landmark building. This majestic 7-bedroom home offers a single-level floor plan that is as grand as it is intimate, providing the ultimate in privacy, space, and refined living.
Stepping into the lavish foyer, you are immediately drawn to the extraordinary great room, setting the stage for the sheer magnificence that awaits. The main living area is a sight to behold—a vast 100-foot-long expanse with 12+ foot ceilings that soar, anchored by a wood-burning fireplace and framed by ornate original steel columns. Wide plank oak floors stretch across the room, while a wall of grand 10ft+ windows floods the space with natural light, offering sweeping views of Tribeca’s historic architecture.
Welcome to 140 Franklin Street, where historic charm meets contemporary luxury in this sprawling 6,300-square-foot residence, set within Tribeca's most revered landmark building. This majestic 7-bedroom home offers a single-level floor plan that is as grand as it is intimate, providing the ultimate in privacy, space, and refined living.
Stepping into the lavish foyer, you are immediately drawn to the extraordinary great room, setting the stage for the sheer magnificence that awaits. The main living area is a sight to behold—a vast 100-foot-long expanse with 12+ foot ceilings that soar, anchored by a wood-burning fireplace and framed by ornate original steel columns. Wide plank oak floors stretch across the room, while a wall of grand 10ft+ windows floods the space with natural light, offering sweeping views of Tribeca’s historic architecture.
24 Leonard Street, #2 (Berkshire Hathaway HomeServices)
From the Listing:
Welcome to unmatched elegance at 24 Leonard Street, Unit 2, residing proudly in the heart of New York City’s distinguished Tribeca. More than just a condo, it’s an embodiment of sophisticated living. This grand 5-bedroom, 5-bathroom home is a sublime fusion of tasteful classic allure given a contemporary touch, guaranteeing a supreme living experience underscored by pristine white oak rift and quartered floors with expansive 5″ wide planks. Upon exiting the elevator on the second floor, the inviting full-floor layout of your new haven awaits you. You will be captivated by the vast living room, heightened by a charming natural gas fireplace nestled within polished granite, ideal for inviting warmth on cool winter evenings. Adding a touch of grandeur is the awe-inspiring 14-foot cove ceiling that further elevates the expansive living space.
Welcome to unmatched elegance at 24 Leonard Street, Unit 2, residing proudly in the heart of New York City’s distinguished Tribeca. More than just a condo, it’s an embodiment of sophisticated living. This grand 5-bedroom, 5-bathroom home is a sublime fusion of tasteful classic allure given a contemporary touch, guaranteeing a supreme living experience underscored by pristine white oak rift and quartered floors with expansive 5″ wide planks. Upon exiting the elevator on the second floor, the inviting full-floor layout of your new haven awaits you. You will be captivated by the vast living room, heightened by a charming natural gas fireplace nestled within polished granite, ideal for inviting warmth on cool winter evenings. Adding a touch of grandeur is the awe-inspiring 14-foot cove ceiling that further elevates the expansive living space.
3 Available Parking Spaces for Sale from $350,000
The Giorgio Armani Residences, #PH10 (Douglas Elliman)
From the Listing:
The Tenth Floor Penthouse Residence is an exclusive full-floor 3-bedroom, 3.5-bath realm of luxury spanning 3,108 interior square feet with a 1,279-square-foot wraparound planted terrace and two private balconies. From a private elevator landing, an opulent entrance gallery set in Gascogne Beige honed Limestone slab floors with Gascogne Blue accents, sets a tone of elegance from the moment you enter. Just off the glass-wrapped living and media rooms sits a private balcony with views to Central Park and the Manhattan skyline. European White Oak custom-designed Parquet de Versailles flooring graces the common spaces, while rift-sawn 8” plank flooring adorns the corridors and bedrooms.
The kitchen is a masterpiece, featuring Custom White Oak Molteni cabinetry with Black Oak Rovere Nero interiors. The Honed Quarzo Bianco marble countertop and backsplash exude sophistication, while the Honed Bardiglio Imperiale Blue marble island stands as a culinary work of art. The Kallista sink and faucet add a touch of refinement to this gourmet space.
The Tenth Floor Penthouse Residence is an exclusive full-floor 3-bedroom, 3.5-bath realm of luxury spanning 3,108 interior square feet with a 1,279-square-foot wraparound planted terrace and two private balconies. From a private elevator landing, an opulent entrance gallery set in Gascogne Beige honed Limestone slab floors with Gascogne Blue accents, sets a tone of elegance from the moment you enter. Just off the glass-wrapped living and media rooms sits a private balcony with views to Central Park and the Manhattan skyline. European White Oak custom-designed Parquet de Versailles flooring graces the common spaces, while rift-sawn 8” plank flooring adorns the corridors and bedrooms.
The kitchen is a masterpiece, featuring Custom White Oak Molteni cabinetry with Black Oak Rovere Nero interiors. The Honed Quarzo Bianco marble countertop and backsplash exude sophistication, while the Honed Bardiglio Imperiale Blue marble island stands as a culinary work of art. The Kallista sink and faucet add a touch of refinement to this gourmet space.
The Giorgio Armani Residences, #5 (Douglas Elliman)
From the Listing:
With grand proportions and an open layout comprising 4,869 square feet, this striking four-bedroom, four-and-a-half-bath has been masterfully designed by Giorgio Armani to evoke an unparalleled sense of space and light. The elegantly appointed contemporary interiors feature white oak flooring in a custom Parquet de Versailles pattern, soaring 10′ ceilings, 8 ‘ tall oversized windows, marrying classic Upper East Side luxury with a sophisticated modern sensibility. This home is flooded in light and offers quintessential treetop views of Madison Avenue and picturesque landmarked 65th Street.
A private elevator landing opens to the elegant entry foyer and a formal gallery clad in Gascongne Beige honed limestone floors with Gascogne Blue accents. An expansive 30′ × 22′ corner living room with gas fireplace set in Calacatta Caldia marble is ideally crafted for lavish entertaining and opens onto a 460 sq ft terrace. An adjacent formal butler’s pantry seamlessly transitions to an intimate media room and a second, beautifully landscaped private terrace.
With grand proportions and an open layout comprising 4,869 square feet, this striking four-bedroom, four-and-a-half-bath has been masterfully designed by Giorgio Armani to evoke an unparalleled sense of space and light. The elegantly appointed contemporary interiors feature white oak flooring in a custom Parquet de Versailles pattern, soaring 10′ ceilings, 8 ‘ tall oversized windows, marrying classic Upper East Side luxury with a sophisticated modern sensibility. This home is flooded in light and offers quintessential treetop views of Madison Avenue and picturesque landmarked 65th Street.
A private elevator landing opens to the elegant entry foyer and a formal gallery clad in Gascongne Beige honed limestone floors with Gascogne Blue accents. An expansive 30′ × 22′ corner living room with gas fireplace set in Calacatta Caldia marble is ideally crafted for lavish entertaining and opens onto a 460 sq ft terrace. An adjacent formal butler’s pantry seamlessly transitions to an intimate media room and a second, beautifully landscaped private terrace.
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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