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A blog from CityRealty (Links below will take you to the 6sqft site)

Features

The Puck Building in Nolita and rendering of The Puck Penthouses The Puck Building in Nolita and rendering of The Puck Penthouses
Manhattan Sales:

  • The third full week of May 2022 recorded $551.8 million worth of transactions across 293 condo, condop, and cooperative deals
  • 130 condo sales came to a median price of $1.71 million ($1,675 per square foot)
  • Nine condop sales came to a median price of $802K
  • 154 co-op sales came to a median price of $868K

The past week was a somewhat slow time for Manhattan sales compared to recent weeks. Between rising interest rates, stocks nearing bear market, and rising coronavirus cases in New York, it is hard to pinpoint any one reason for it. However, one thing we can say for certain is that character-rich neighborhoods and timeless architecture will never go out of style. Authentic New York City lofts are few and far between, and classic layouts and exquisite craftsmanship will never lose value to luxury buyers.
The top sale of the past week was an apartment at The Puck Penthouses that does not appear to be connected to Josh Kushner and Karlie Kloss, the power couple that upgraded from one penthouse in the building to another. The four-bedroom, 5,672-square-foot apartment sold for $22,000,000, making it one of the most expensive ever recorded in NoLita.
1045-Madison-Avenue-01 Prewar-inspired architecture is still going strong in New York. (The Benson, #6, home of one of the past week's top sales - Compass)
On the Upper East Side, traditionally inspired buildings are still going strong. The past week's top uptown sale and second-highest overall took place at The Benson, where Residence #6 closed for $14,400,000, or slightly above the last listing price of $13,995,000. It is also above the $12,800,000 it closed for earlier this year.
A few blocks north, the top co-op sale and third-highest of the past week took place at the Robert A.M. Stern-designed 1228 Madison Avenue, where #11 closed for $9,804,000. The purchasers are listed as John Zoitas, founder of Westside Market, his son George Zoitas, and his daughter-in-law Callie Zoitas. The building is a short distance from Westside Market's Upper East Side outpost, and the full-floor apartment features an eat-in kitchen with top-of-the-line appliances.

Manhattan Contracts:

  • From May 16-22, 2022, a total of 326 townhouses, condos, co-ops, and condops entered contract
  • The average time on the market was 87 days
  • The total sticker price sum came to $474.9 million, and the median last asking price came to $1.2 million
  • There were a total of 115 condo deals came to a total of $272 million. They came to a median asking price of $1.6 million and spent an average of 79 days on the market
  • The 5 condop deals came to a total of $4.9 million and a median last asking price of $749K. They spent an average of 49 days on the market
  • The 114 co-op deals aggregated to $166 million and came to a median last asking price of $868K. They spent an average of 63 days on the market
  • Four townhouse deals came to a total of $31.9 million and a median last asking price of $8.3 million. They spent an average of 505 days on the market
25-North-Moore-Street-01 A Tribeca condo at The Atalanta took the top contract with a $22 million asking price
It was a quiet week for luxury contracts side as well as sales. Olshan Realty's market report says that the total of 23 luxury contracts represents a steep drop from last week, and that it was the lowest number since the first week of January 2022, when 21 contracts were signed. However, it is also worth noting that at the height of the pandemic in 2020, the weekly average was only 12 luxury contracts per week.
The top contract of the past week was a full-floor loft at The Atalanta, which has an asking price of $22,000,000 and an address in a warehouse-turned condominium in the heart of the Tribeca West Historic District. The apartment retains many of its historic features, but has been gut renovated with state-of-the-art appliances and smart tech. The unidentified seller purchased the floor for $15.3 million in 2005.
The top uptown and second-highest contract took place at 1030 Fifth Avenue, a 16-unit cooperative designed by J.E.R. Carpenter and dating back to 1925. Apartment #2W, a massive corner apartment, entered contract with an asking price of $13,250,000. The buyer was not identified, but it's safe to say they had both the finances and social status to impress the co-op board - the building only allows 30% financing.







Notable Sales
225-West-86th-Street
Romanoff Equities' portfolio includes several Meatpacking District properties, and Darryl Romanoff and his wife Stefanie have been fixtures at events to benefit the High Line. However, the power couple looked uptown for their apartment: Public records show that they recently closed on an apartment at The Belnord.
10 Available Listings for Sale from $4,150,000

30-East-72nd-Street
Emmy-nominated husband-and-wife production and writing team Robert and Michelle King signed a massive five-year deal with CBS Studios last fall, and another type of production may be in the works: The couple recently closed on an Upper East Side two-bedroom on the same floor as an apartment they already own, indicating that a combination unit might be in order.

Top Sales
293-Lafayette-Street-01

1045-Madison-Avenue-01 The Benson (CityRealty)
1045-Madison-Avenue-04
From the Listing:
FIRST RESALE AT THE BENSON: Six bed, five-and-a-half bath classically-designed Upper East Side residence. Designed by award-winning architect Peter Pennoyer, the sixth floor spans nearly 4,200 square feet of pristine, classic and elegant living space. Quintessential Upper East Side views of Madison Avenue and 79th Street are showcased through the oversized casement windows and accentuated by the nearly ten-foot ceilings and gorgeous Chevron-patterned oak floors throughout.

Upon arrival, a private landing and an intricately-designed metal and glass door greet you leading into the foyer, which features a beautiful barrel-vaulted ceiling. The custom design echoes throughout the home as you enter the expansive entertaining space, including the living room, dining room and library. All three rooms are lined with nearly full-height casement windows bathing the rooms with stunning western light. The gracious living room features three window bays and a custom mantlepiece framing the fireplace.
2 Available Listings for Sale from $17,500,000

1228-Madison-Avenue-01 1228 Madison Avenue, #11 (Corcoran)
1228-Madison-Avenue-02
1228-Madison-Avenue-03
From the Listing:
The eleventh floor at 1228 Madison Avenue is a 4 bedroom/4.5 bath full-floor home, spanning 3,523 square feet with north, east, south and west exposures, and views of Central Park and the Jacqueline Kennedy Onassis Reservoir. The elegant elevator vestibule leads to the dramatic 8’ white oak entry door, and opens into an entry foyer with custom stained white oak floor in a chevron pattern. The chevron pattern continues through the living spaces of the residence, leading to the gracious corner great room, bathed in natural light from oversized windows that look out onto Central Park. The sunny eat-in kitchen features white matte lacquer Molteni cabinetry with white oak tambour detail, and honed Calacatta Estremoz slab countertops, backsplash and island with seating for four, as well as a full-height pantry.
5 Available Listings for Sale from $8,050,000

67-Franklin-Street-01 Cast Iron House, #6A (Douglas Elliman)
67-Franklin-Street-02
67-Franklin-Street-03
From the Listing:
Residence 6A is an impressive five-bedroom, four-bathroom corner duplex with north and east exposures. Step directly off the elevator and take in the light and volume from the double-height great room with ceilings reaching 25’. At 4,250 square feet, the well-proportioned unit is thoughtfully finished with modern elements to welcome the new homeowner. The custom-designed kitchen features white matte lacquer cabinetry, Bianco Oro marble countertops, Dornbracht fixtures, and Gaggenau appliances. The open kitchen blends seamlessly into the 1,020-square-foot double-height great room outfitted with white oak plank flooring and double stacked 8’ windows. Two additional rooms flank the massive living area to allow for the perfect guest suite, library, or study.
1 Available Listing for Sale for $12,750,000

857-Fifth-Avenue-01 857 Fifth Avenue (CityRealty)
857-Fifth-Avenue-02 857 Fifth Avenue, #14 (Fox Residential Group)
857-Fifth-Avenue-04
From the Listing:
This elegant nine-room home has all the ingredients to create your own masterpiece. With wall-to-wall windows of gorgeous west, south, and east views, every room has brilliant light and open exposures. With one apartment per floor, you enter from a private elevator landing which opens into a large entry gallery. The entertaining rooms all flow from this gallery while the bedrooms are in a separate, private wing. The L-shaped living room has a working fireplace and a lovely terrace that hangs over Central Park. Adjacent to the living room is a beautiful wood paneled library, also with direct park views. Also off the main gallery is a well-proportioned dining room as well as the kitchen, of which there are two large staff rooms, a bathroom and laundry area. A powder room completes the entertaining space. There are three generous bedrooms – currently two bedrooms were made into a grand primary suite and three bathrooms.


Top Contracts
25-North-Moore-Street
25-North-Moore-Street
25-North-Moore-Street
From the Listing:
Nestled within Tribeca’s Historic residential district but with an elevation high above any other historic building grants this home unprecedented sweeping open views from the north, east, south, and west. Residence 16, is an epic full floor over 7,000-square-foot gut-renovated loft home at the Atalanta. This boutique full-service loft sits on the quaintest North Moore block.

A two year gut renovation, imagined by the renowned Clodagh Design House, created a grand layout which maximizes the loft’s scale leaving rich architectural details, exceptional room proportions, and wonderful entertaining expanses that put the focus on the one-of-kind iconic views from every single room in the home. A Savant smart home controls of every room’s lighting, blackout and solar shades, 14-zone central heating and cooling, and audio and video remotely.

1030-Fifth-Avenue-01 1030 Fifth Avenue (CityRealty)
1030-Fifth-Avenue-02
1030-Fifth-Avenue-04
From the Listing:
Perfectly situated in the premier white-glove J.E.R. Carpenter co-operative, 1030 Fifth Avenue, this extraordinary southwest corner twelve into ten room home has been beautifully renovated by Architectural Digest Top 100 interior designer Alex Papachristidis with Silver Lining executing the construction. Drenched in sunlight, the residence has 10’2" ceilings and picturesque views over Fifth Avenue of Central Park.

There are four bedrooms, four full bathrooms, and a powder room. Filled with prewar architectural details, there are two wood-burning fireplaces, enormous windows, and four-zone central air conditioning. This spectacular home is one of those rare residences that not only provides a grand space for entertaining but also has elegant private living quarters with all the comforts one could possibly hope for in a home.

200-Amsterdam-Avenue-01 200 Amsterdam Avenue, #33B (Brown Harris Stevens)
200-Amsterdam-Avenue-02
200-Amsterdam-Avenue-04
From the Listing:
Accessed via a semi-private landing this 2,692-square-foot, three-bedroom, three and a half-bath condominium combines an elegant, modern plan with views of Central Park, the Upper West Side and the Hudson River. A gracious foyer and gallery lead to the stunning corner living and dining area off of which there is a 305-square-foot terrace nearly 60’ in length. The spacious open kitchen includes a stunning Calacatta marble island which provides seating for three and abundant work space and storage.
16 Available Listings for Sale from $4.3M

483-West-22nd-Street-01 483 West 22nd Street, #TH (Compass)
483-West-22nd-Street-02
483-West-22nd-Street-03
483-West-22nd-Street-04
From the Listing:
Brand new 1836 Chelsea Seminary Townhouse on the best block in the Chelsea Historic District. Pristine and picture-perfect, this stunning property has been artfully and soulfully gut-renovated with no stone unturned. Extraordinary attention to detail with flawless, luxe finishes including Armac Martin hardware, Allied Maker fixtures, and gallery quality brass Monopoint lighting everywhere you look. Mechanically modern in every way, including a four-zone state-of-the-art HVAC, full water filtration, and smart wired. You will have to do nothing except decorate!

1-Morton-Square-01 Morton Square, #PHAE (Corcoran)
1-Morton-Street-02
1-Morton-Street-04
From the Listing:
Sweeping river views and majestic skyline vistas arrest the eye in this full-floor, nearly 6,000 square foot West Village penthouse. Luxurious living awaits just off the private elevator landing. Enter a gracious foyer that gives way to a 30-foot-long living room that is complemented by a wood-burning fireplace with a one of a kind mantle and an elegant powder room. For the wine collector, a custom 1,000-bottle sculptural glass wine enclosure graces the living room. Just beyond, and ideal for entertaining, is the corner formal dining room, light-drenched by a bowed wall of floor-to-ceiling windows. There is wide plank wood floor throughout.
2 Available Listings for Sale from $3.7M
1 Available Listing for Rent for $15,000/month

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