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551 West 21st Street #12A was among this past week's top sales (Douglas Elliman) 551 West 21st Street #12A was among this past week's top sales (Douglas Elliman)
One week after Jon Bon Jovi's $22 million apartment in The Greenwich Lane found a buyer, a townhouse unit in the award-winning, LEED-certified complex on the former site of St. Vincent's Hospital had the top sale at $17,703,031. It would appear to offer the best of both worlds - all the privacy and space of a single-family home as well as direct access to the condominium's services and amenities, which include a state-of-the-art fitness center, 25-meter lap pool, screening room, and central garden with reflecting pool. The buyer and seller were identified only through LLCs.

The second-highest sale of the past week took place at the Foster + Partners-designed 551W21, where a high-floor home closed for $15,660,813, or only slightly less than the last listed price of $15.87 million. Features include direct elevator entry, 11' ceilings, a state-of-the-art kitchen, and dramatic views of the Hudson River and the Manhattan skyline.

Manhattan Sales:

  • From February 20-26, 2022, a total of 254 condo, co-op, and condop sales were recorded in Manhattan
  • The aggregate total of sales was $533,039,634, and came to a median price of $1.25 million
  • 122 condo sales came to a median price of $1.73 million ($1,630 per square foot)
  • 125 co-op sales came to a median price of $775K

157-West-57th-Street-01 Views from One57 #47C, one of the past week's top sales (Compass)
While February is typically a slow month for real estate, largely due to its brevity, that was not the case this year: February 2022 saw the count of transactions jump 107% year-over-year (Y-O-Y) and up 44% from 2020. Additionally, the average price paid for a NYC apartment is up a substantial 17% Y-O-Y, with condos leading the way rising from an average price of $2.49 million in Feb 2021 to $2.86 million this past month. Co-op prices increased less significantly but posted a 9% gain Y-O-Y from $1.17 million to $1.26 million in February 2022. Prices are expected to rise as inventory remains historically low and a limited number of new developments are in the pipeline.

Top Sales
Greenwich Village townhouses The Greenwich Lane Townhouses, #133 (Corcoran
NYC townhouse condos
From the Listing:
133 West 11th Street is a 6,574-square-foot newly constructed 22'4" wide townhouse with six levels and over 1,600 square feet of private outdoor space. Features of this single family home include a private elevator, 4 bedrooms with en suite baths, 4 powder rooms, and 2 fireplaces. The townhouse is uniquely set apart with 24-hour concierge, package delivery, and maintenance services, direct access to the private valet parking garage and exclusive membership to The Greenwich Lane's state-of-the-art fitness center that includes a 25 meter swimming pool, whirl pool, steam rooms, golf simulator, and treatment room all managed by La Palestra. This townhouse also enjoys the central garden and reflecting pool, residents' lounge, dining room with chef's kitchen, a luxurious 21-seat screening room, children's playroom, and bicycle and cold storage.

West Chelsea condos 551W21, #12A (Douglas Elliman)
Chelsea condos
From the Listing:
This fabulously designed residence in one of the most remarkable buildings in New York City will exceed expectations of the most discerning taste. The soul of this 4,271-square-foot, 4-bedroom, 4 and a half bathroom home are the unmatched panoramic windows providing each room with iconic 360-degree views of the Hudson River and the Manhattan Skyline via north, south, east and west exposures. From sunrise to sunset, enjoy wraparound views of this spectacular, remarkable city as well as the cruise ships and yachts that sail their way up the Hudson River.
2 Available Listings for Sale from $5.5M
1 Available Listing for Rent for $19,000/month

Midtown West condos One57, #47C (Compass)
Billionaires Row condos
From the Listing:
Exquisitely designed by Jeffery Beers, residence 47C at the iconic One57 has 3,466 square feet of luxurious living space. Breathtaking panoramic views of Central Park with triple exposures capture city skylines showcased through grand 11’ floor-to-ceiling windows south, east and north. As you enter the foyer with custom designed wood paneled walls the north facing window greets you with direct Central Park views and the iconic “Essex House” sign. The custom woodwork accents the spacious gallery that extends to the spectacular grand salon, which boasts continued sweeping views of Central Park and the city skyline. Iconic landmarks such as the Empire State Building and Chrysler Building are among the skyline views. An ideal setting for entertaining, this magnificent space is sun soaked with double corner exposures through gorgeous floor-to-ceiling windows.
12 Available Listings for Sale from $3.5M
4 Available Listings for Rent from $10,750/month

1045-Madison-Avenue-01 Entrance to The Benson via Hayes Davidson

151-East-78th-Street-01 Rendering of 151 East 78th Street via Peter Pennoyer Architects
Upper East Side condos 151 East 78th Street, #6 (Brown Harris Stevens)
Lenox Hill condos
From the Listing:
This is a private full floor residence with an elegant entry gallery with barrel vaulted ceiling and polished marble floor. The gallery opens to the grand living room flanked by a gracious formal dining room to the east and library to the west. The main rooms of this home have oak chevron floors, French pocket doors and floor-to-ceiling windows. There is a Smallbone of Devizes hand-crafted eat-in kitchen with center island, exceptional cabinetry with excellent storage and top-of-the line appliances. There is also a walk-in pantry for large food and household storage. The bedroom wing offers a stunning primary suite with four closets and a luxurious bath with large tub, steam shower, heated floors, double sinks and private water closet.
1 Available Listing for Sale for $11.25M

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