973 Fifth Avenue (Corcoran Group)
Manhattan's residential market typically experiences an uptick in the weeks leading to spring, and, despite cold weather and political and economic turmoil, the second full week of February 2025 was no exception. The number of contracts signed experienced a week-over-week uptick with the aggregate dollar amount spiking by over $75 million. This was helped along by high-priced contracts in some of the most prominent buildings from yesteryear and the present day alike.
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At a time when it has been speculated that we are living in a second Gilded Age, a townhouse from this period had the top contract of the week: The mansion at 973 Fifth Avenue entered contract with an asking price of $49,900,000. The limestone mansion was designed by Stanford White, the architect behind the Washington Square Arch, the original Penn Station, the Metropolitan and Harmonie Clubs, and countless mansions on Millionaires' Row. 973 Fifth Avenue took shape in 1910 and, more recently, found a buyer in the wake of a multi-year renovation that restored prewar architectural details to their original glory while integrating state-of-the-art infrastructure, top-of-the-line appliances, and luxurious finishes throughout.
While the mansion was asking more than twice the listing price of the next-highest contract, its asking price represents a sharp reduction from the $72.5 million the unidentified seller sought in 2023. They were not identified by name, but Mansion Global described them as someone who is "passionate about the history and architecture of the house." They bought the house for $42 million in 2012 and embarked on the renovation.
While the mansion was asking more than twice the listing price of the next-highest contract, its asking price represents a sharp reduction from the $72.5 million the unidentified seller sought in 2023. They were not identified by name, but Mansion Global described them as someone who is "passionate about the history and architecture of the house." They bought the house for $42 million in 2012 and embarked on the renovation.
Additionally, the Fifth Avenue mansion was not the only successful White design last week. A total of $21,515,000 across three deals was signed at 108 Leonard, the condo conversion of the McKim, Meade & White-designed headquarters of the New York Life Insurance Company. These included Residence #14E, a three-bedroom asking $10,750,000 in the ninth-highest contract of the week. Interiors feature massive arched windows, ceilings approximately 15 feet high, a fireplace in the living room, a kitchen with chef-caliber appliances, and an ultra-private primary suite with two walk-in closets, a midnight kitchen, and a supremely luxurious en suite bath.
Rendering of 140 Jane Street (Leroy Street Studio / BKSK Architects)
The week's top apartment contract and second-highest overall was for Residence #3N at the forthcoming 140 Jane Street, which was asking $22,000,000. Construction is still in early stages, but this four-bedroom, four and a half-bath unit makes approximately 60% of the units in the boutique building spoken for. The buyer was identified only as a local.
Owing to the protections of the Greenwich Village Historic District and multiple extensions, new construction is rare in Greenwich Village and the West Village. However, older buildings in these neighborhoods remain in demand: 48 Commerce Street, a five-story house dating back to 1844, had the week's second-highest townhouse contract and tied for the tenth-highest overall with an asking price of $8,500,000. The house was restored in 1994, and will be delivered vacant in a move that will allow the unidentified buyer to create a dream home with wood-burning fireplaces, at least six bedrooms, a front garden, a rear patio, and a rooftop terrace.
220 Central Park South in the Billionaires' Row skyline (Vornado Realty Trust)
Meanwhile, Billionaires' Row condos continue to command prices nearly as high as their elevations. Residence #33 at 111 West 57th Street had the week's fifth-highest contract with a $15,750,000 asking price. The three-bedroom, 3.5-bath Tower Residence directly overlooks Central Park.
Up the street at 220 Central Park South, Residence #23C was not far behind with a $13,650,000 asking price, the seventh-highest of the week. When Crain's New York Business announced the sale of another unit in the building, it noted that this two-bedroom, two and a half-bath unit was the only developer-owned unit remaining in the Robert A.M. Stern-designed condominium. The one public availability in the building is a resale unit asking $18,900,000.
Further north at 50 West 66th Street, Residence #8D had the week's eighth-highest contract with a $12,250,000 asking price. The contract for the five-bedroom, five and a half-bath residence was signed roughly around the time the first closings were recorded in the Upper West Side's tallest residential building.
#10 (tie). 170 East End Avenue, #16A
Last Ask: $8,500,000 (-10.1%)
Yorkville | Condominium | 4 Bedrooms, Unknown Baths | 3,600 ft2
170 East End Avenue, #16A (Sothebys International Realty)
#10 (tie). 48 Commerce Street, #TH
Last Ask: $8,500,000
West Village | Townhouse | 6+ Bedrooms, 6+ Baths | 4,860 ft2
48 Commerce Street, #TH (The Agency Brokerage)
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50 West 66th Street, #8D (Corcoran Group)
From the Listing: House residence 8D is a gracious 3,889 square-foot, 5-bedroom, 5.5-bath home designed by Shamir Shah. The House Collection at 50 West 66th Street taps into the classic pre-war elegance of the Upper West Side. These homes feature gracious living spaces, and the finest finishes throughout, including Smallbone of Devizes custom-designed and crafted kitchens, Miele and Sub-Zero appliances, 8-inch oak flooring, ceiling heights up to 9''-8", strikingly appointed marble baths, generous closet space and a vented washer and dryer. See full details here.
50 West 66th Street has 8 public availabilities from $5,995,000.
#7. 220 Central Park South, #23C
Last Ask: $13,650,000
Midtown West | Condominium | 2 Bedrooms, 2.5 Baths | 2,455 ft2
220 Central Park South, #23C (Corcoran Group)
#6. 953 Fifth Avenue, #PH
Last Ask: $15,000,000
Park/Fifth Ave. to 79th St. | Cooperative | 3 Bedrooms, 3 Baths | 4,700 ft2
953 Fifth Avenue, #PH (Compass)
#5. 111 West 57th Street, #33
Last Ask: $15,750,000
Midtown West | Condominium | 3 Bedrooms, Unknown Baths | 4,492 ft2
111 West 57th Street, #33 (Sothebys International Realty)
#4. 730 Park Avenue, #9A
Last Ask: $16,000,000
Park/Fifth Ave. to 79th St. | Cooperative | 5 Bedrooms, Unknown Baths
730 Park Avenue, #9A (Sothebys International Realty)
200 East 75th Street, #PH3 (Compass)
From the Listing: Penthouse 3 is a 6-bedroom, 6 and a half-bathroom residence with a formal dining room, a library, and two pretty terraces. The dramatic foyer opens to the larger of the two terraces, which flows into the cozy library with a fireplace. The corner living room opens to a charming terrace connected to the formal dining room. The dining room is an architecturally special moment, with its curved and beautifully detailed corners. The large, beautifully designed, kitchen has a west-facing picture window, an island, and room for a table or sitting area. See full details here.
200 East 75th Street has 8 public availabilities from $3,375,000.
140 Jane Street, #3N (Corcoran Group)
From the Listing: Inspired by the rich heritage and architectural significance of the West Village, 140 Jane Street is a celebration of craft and context. Nestled on a tranquil cobblestone street with views of the Hudson River, this boutique condominium features fifteen immaculate residences designed inside and out by the acclaimed architecture firm Leroy Street Studio. With unique conservatories, private balconies, or terraces in nearly all residences, 140 Jane Street provides an enticing blend of indoor and outdoor living, alongside a collection of beautifully appointed amenities including a porte-cochere, automated parking garage, lap pool, hot tub, and private park. See full details here.
140 Jane Street has no public availabilities.
#1. 973 Fifth Avenue, #TH
Last Ask: $49,900,000
Park/Fifth Ave. to 79th St. | Townhouse | 6+ Bedrooms, 6+ Baths | 16,000 ft2
973 Fifth Avenue, #TH (Corcoran Group)
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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