1158 Fifth Avenue, #PHB (Corcoran Group); Barbara Corcoran (
The first full week of May 2025 marks the third-highest weekly total for Manhattan contracts signed to date in 2025. The total number of sales saw a slight week-over-week decline, but several units priced over $10,000,000 led to a 12% increase in total dollar volume during this time. These included several units in new development condominiums, though apartments in venerable Fifth Avenue buildings put up a respectable showing in the ten highest-priced contracts of the week.
The week's top co-op contract and eighth-highest overall was for Penthouse B at 1158 Fifth Avenue, the former home of Corcoran Realty founder/Shark Tank star Barbara Corcoran. It was asking $12,000,000, but reportedly went for over the asking price with multiple bidders; the final price is not yet available. The contract was signed shortly after the four-bedroom duplex penthouse with a landscaped, Central Park-facing terrace went on the market.
Perhaps the unidentified buyer was watching the penthouse as closely as Ms. Corcoran. As the story goes, she delivered a letter to the penthouse in 1992 and asked the sellers to call her if they ever put the home on the market. She got the call more than 20 years later, buying it for $10,000,000 in 2015 and then embarking on an extensive renovation. She shared warm memories of her experience with The New York Times and announced her intention to stay in the neighborhood, albeit in a one-story penthouse.
Perhaps the unidentified buyer was watching the penthouse as closely as Ms. Corcoran. As the story goes, she delivered a letter to the penthouse in 1992 and asked the sellers to call her if they ever put the home on the market. She got the call more than 20 years later, buying it for $10,000,000 in 2015 and then embarking on an extensive renovation. She shared warm memories of her experience with The New York Times and announced her intention to stay in the neighborhood, albeit in a one-story penthouse.
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Madison House. PH60 (Douglas Elliman)
The week's top contract was for Penthouse #60A at Madison House, which was asking $25,000,000. Situated on the uppermost levels of NoMad's current tallest tower, the penthouse was initially listed for $23,500,000 in 2019 but went up to the current ask in October 2021. The price stayed unchanged since then, which may have been a factor in its length of time on the market.
While a growing crop of NoMad towers threatened to disrupt its views, the penthouse's position approximately 750 feet above street level rises above most of the surrounding buildings. They can be enjoyed from oversized windows throughout as well as a 222-square-foot private terrace off the Great Room. Interiors by Gachot feature a gracious entrance foyer, a double-height Great Room with fireplace, a separate kitchen with Gaggenau appliances, and an upper-level primary suite with wet bar, two walk-in closets, and dual en suite baths.
While a growing crop of NoMad towers threatened to disrupt its views, the penthouse's position approximately 750 feet above street level rises above most of the surrounding buildings. They can be enjoyed from oversized windows throughout as well as a 222-square-foot private terrace off the Great Room. Interiors by Gachot feature a gracious entrance foyer, a double-height Great Room with fireplace, a separate kitchen with Gaggenau appliances, and an upper-level primary suite with wet bar, two walk-in closets, and dual en suite baths.
The Madison House penthouse was closely trailed by Residence #16 at The Stanhope, which was asking $24,250,000. Originally the ballroom when the Fifth Avenue building was still the Stanhope Hotel, the full-floor apartment has some of the tallest ceilings in the building. The grand proportions and original architectural details are intact amidst a renovation by JEANGEORGe Interiors, and a staff apartment is available for separate sale.
The contract signing comes slightly under four years after the apartment was initially listed for $29,500,000 in September 2021. It has been on and off the market at gradually lower price points since then, and the unidentified seller stands to take a loss, having bought it for $27,376,940 in June 2012. High monthly fees owing to the building's land lease may have been a factor: They are $44,818 per month.
The contract signing comes slightly under four years after the apartment was initially listed for $29,500,000 in September 2021. It has been on and off the market at gradually lower price points since then, and the unidentified seller stands to take a loss, having bought it for $27,376,940 in June 2012. High monthly fees owing to the building's land lease may have been a factor: They are $44,818 per month.
The top Downtown sale and third-highest of the week was for Residence #WEST22D at One High Line, which was asking $14,695,000. The four-bedroom condo is located on a high floor in the all-residential West Tower, and the contract was signed at a time when Faena New York, the luxury hotel on the lower floors of the East Tower, is winding down interior work and accepting reservations starting in July 2025. Residents of both towers will be able to access the hotel's restaurant, spa, and other amenities and services as well as an array of residents-only amenities.
The Katharine, #2 (Compass)
In another new development Downtown, Residence #2 at The Katharine entered contract with a $13,250,000 asking price, the sixth-highest of the week. One of only eight units in the recently converted building, the parlor-level unit spans over 3,400 interior square feet and over 900 square feet of private outdoor space across two terraces, one off the living room and one off the primary bedroom. The signing comes a few weeks after sales launched in the building.
104 Willow Street, #TH (Compass)
The week's top Brooklyn contract and ninth-highest overall was for 104 Willow Street, a townhouse dating back to 1829 and asking $11,995,000. It was built by Scottish sheep importer Robert Glasgow, and his Merino sheep grazed in the backyard (h/t The New York Times); Acris records list the most recent seller as an LLC.
When 104 Willow Street was listed in August 2013, the sellers sought to break what was then a borough townhouse sales record of $12,000,000. As it traded for $10,625,000 in June 2014, this did not come to pass, but the seller still stands to make a profit if it closes for the ask. However, a new townhouse sales record is much further out of reach. Finance executive/Florida Panthers owner Vincent Viola's former home at 8 Montague Terrace currently holds the record at $25,500,000, and 295 Hicks Street, a rare new construction townhouse elsewhere in Brooklyn Heights, was listed for $26,000,000 in March 2025.
When 104 Willow Street was listed in August 2013, the sellers sought to break what was then a borough townhouse sales record of $12,000,000. As it traded for $10,625,000 in June 2014, this did not come to pass, but the seller still stands to make a profit if it closes for the ask. However, a new townhouse sales record is much further out of reach. Finance executive/Florida Panthers owner Vincent Viola's former home at 8 Montague Terrace currently holds the record at $25,500,000, and 295 Hicks Street, a rare new construction townhouse elsewhere in Brooklyn Heights, was listed for $26,000,000 in March 2025.
The Willow (Compass)
Also of note, a total of $5,600,000 across three listings was signed in the first contracts at The Willow, Naftali Group's forthcoming Gramercy building. The buyers of the one- and two-bedroom units can expect such perks as floor-to-ceiling divided light windows, open-concept living and dining space, kitchens with honed quartz countertops and Miele appliances, and luxurious primary baths with radiant floor heating.
Amenities by The Rockwell Group will include a light-filled library with courtyard access, a cinema screening room, the Glamercy Music Room for practicing instruments, and the speakeasy-inspired Mermaid Room. Remaining public availabilities start at $1,310,000.
Amenities by The Rockwell Group will include a light-filled library with courtyard access, a cinema screening room, the Glamercy Music Room for practicing instruments, and the speakeasy-inspired Mermaid Room. Remaining public availabilities start at $1,310,000.
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Highest-priced NYC Contracts: May 5-11, 2025
#10. The Apthorp, #2F
Last Ask: $8,895,000
Riverside Dr./West End Ave. | Condominium | 4 Bedrooms, 3.5 Baths | 4,200 ft2
The Apthorp, #2F (Douglas Elliman Real Estate)
#9. 104 Willow Street, #TH
Last Ask: $11,995,000
Brooklyn Heights | Townhouse | 5 Bedrooms, 4.5 Baths | 5,235 ft2
104 Willow Street, #TH (Compass)
#8. 1158 Fifth Avenue, #PHB
Last Ask: $12,000,000
Carnegie Hill | Cooperative | 4 Bedrooms, 4.5 Baths | 3,798 ft2
1158 Fifth Avenue, #PHB (Corcoran Group)
#7. 85 Charles Street, #TH
Last Ask: $12,995,000
West Village | Townhouse | 5 Bedrooms, 5 Baths | 4,928 ft2
85 Charles Street, #TH (Compass)
#6. The Katharine, #2
Last Ask: $13,250,000
Greenwich Village | Condominium | 4 Bedrooms, 4.5 Baths | 3,475 ft2
The Katharine, #2 (Compass)
#5. Beckford Tower, #25B
Last Ask: $13,500,000
Yorkville | Condominium | 5 Bedrooms, 5.5 Baths | 3,796 ft2
Beckford Tower, #25B (Compass)
#4. 180 East 88th Street, #PH46
Last Ask: $13,950,000
Carnegie Hill | Condominium | 4 Bedrooms, 4.5 Baths | 4,017 ft2
180 East 88th Street, #PH46 (Brown Harris Stevens Residential Sales LLC)
#3. One High Line, #WEST22D
Last Ask: $14,695,000
Chelsea | Condominium | 4 Bedrooms, 4.5 Baths | 4,063 ft2
One High Line, #WEST22D (Corcoran Sunshine Marketing Group)
#2. The Stanhope, #16
Last Ask: $24,250,000
Carnegie Hill | Condop | 6+ Bedrooms, 6+ Baths | 8,360 ft2
The Stanhope, #16 (Corcoran Group)
#1. Madison House, #PH60A
Last Ask: $25,000,000
Murray Hill | Condominium | 5 Bedrooms, 5.5 Baths | 5,151 ft2
Madison House, #PH60A (Douglas Elliman Real Estate)
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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