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109 East 79th Street (via Corcoran) 109 East 79th Street (via Corcoran)
Manhattan Sales:

  • From May 29-June 4, 2022, $689.6 million worth of transactions across 312 condo, condop, and cooperative deals were recorded
  • 145 condo sales came to a median price of $1,950,000 ($1,859 per square foot)
  • Six condop sales came to a median price of 1,252,528
  • 161 co-op sales came to a median price of $911,000
While sales volume remains historically strong, May was the first time since prior to the pandemic that the number of sales were down year-over-year. May 2022 saw 1,262 deals recorded, just below May 2021 which saw 1,279 deals recorded. However, thanks to the booming condo market, especially of the Upper East Side super-luxury variety, the average price paid for an apartment is 23% higher year-over, jumping from $1.75 million in 2021 to $2.16 million this past month.

High-priced sales at One57, 432 Park Avenue, and 56 Leonard Street made the past week another good one for architecturally adventurous supertalls in hip neighborhoods. However, the top sale by far took place in a Rosario Candela-designed cooperative on the Upper East Side. An apartment in the highly selective building closed for $25,000,000.
The top condo sale and second-highest overall sale was a loft apartment in The American Express Carriage House in Tribeca. It closed for $15,000,000, or $1 million below the last asking price of $16 million when it entered contract in March 2022. The building has come a long way from its original use as stables, and this particular unit was designed by AD100 designer Robert Stilin.
60-Collister-Street-01 A condo at the American Express Carriage House at 60 Collister Street was NYC's top condo sale of the past week. (Compass)

Manhattan Contracts:

  • From May 30-June 5, 2022, a total of 243 townhouses, condos, co-ops, and condops entered contract
  • The average time on the market was 89 days
  • The total sticker price sum came to $469 million, and the median last asking price came to $1.295 million
  • There were a total of 106 condo deals, coming to a total of $279 million. They came to a median asking price of $1.793 million and spent an average of 88 days on the market
  • The 4 condop deals came to a total of $3 million and a median last asking price of $748K. They spent an average of 63 days on the market
  • The 108 co-op deals aggregated to $163 million and came to a median last asking price of $805K. They spent an average of 89 days on the market
  • The 5 townhouse deals came to a total of $29 million and a median last asking price of $5.8 million. They spent an average of 80 days on the market
The top contract of the past week was a half-floor residence at 109 East 79th Street with an asking price of $16,850,000. Olshan Realty's market report notes that this is the second time in 2022 that an apartment in the Steven Harris-designed condominium has taken the top spot, and other units have regularly ranked among Manhattan's top contracts. Indeed, as of this writing, 27 of the building's 31 units are in contract.
The second-highest contract of the past week took place in The Belnord, an Upper West Side condo conversion that gained new attention as the stand-in for the fictional Arconia in hit TV show Only Murders in the Building. A five-bedroom, four and a half-bath home entered contract with an asking price of $11,150,000.

Notable Sales
Lava Records founder/criminal justice reform advocate Jason Flom has reportedly not lived in The San Remo for years, but the Central Park West co-op he and ex-wife Wendi bought in happier times have nevertheless occupied the city's gossip pages. They have finally offloaded the apartment.

From the Listing:
With over 60 feet of prime Central Park West frontage, this exquisite four-bedroom, four-and-a-half bathroom residence offers beautiful treetop views, wonderful light and the grand scale you’d expect from New York’s preeminent apartment house architect, Emery Roth. Meant to mirror the loftiness and refinement of a fine private home, the sprawling layout spans approximately 4,200 square feet, including an impressive gallery entry, an immense corner living room with an adjacent formal dining room and an expansive library/den. The windowed chef’s kitchen features a sunny banquette and access to an oversized laundry/room pantry and staff/guest bedroom. Three bedroom suites — all featuring private baths and walk-in closets — are set down a quiet hallway for optimal privacy. All the hallmarks of coveted prewar architecture are center stage in this exceptional home, including herringbone hardwood floors, soaring ceilings and large casement windows. Additional details include bespoke millwork and built-ins, and abundant closet and storage space.
1 Available Listing for Sale for $6,250,000

In 2014, Veterinary Emergency Group founder Dr. David Bessler purchased his first emergency vet hospital. Eight years later, Veterinary Emergency Group has 27 outposts in 10 states, and "Dr. Dave" (as he is known in his appearances on Sesame Street to teach children about animal care) and his family have a new apartment in NoMad. Incidentally, Madison House is pet-friendly.

From the Listing:
This 1,402-square-foot two-bedroom, two and a half-bath residence opens into an elegant entry foyer, leading to a living and dining room encased with 10-foot tall windows with South and West views. Gachot-designed custom rift-cut cabinetry accentuates the open kitchen, with a honed Calacatta Borghini marble waterfall island and backsplash. Gaggenau appliances including a cooktop, combi-steam oven, convection double oven, refrigerator, and wine refrigerator outfit the kitchen. White oak 5-inch plank floors and 9-foot solid walnut doors are featured throughout the residence.
12 Available Listings for Sale from $3,225,000
2 Available Listings for Rent from $7,500/month

69-Washington-Place-01 69 Washington Place (Melone Architects)
With celebrity clientele like Angelina Jolie, Will Smith, and Travis Barker and Kourtney Kardashian, acclaimed decorator Waldo Fernandez spends much of his time in Los Angeles. His own Village pied-a-terre was featured in Elle Decor in 2016; but he has recently sold it.

Top Sales
2 Available Listings for Sale from $3,250,000

60-Collister-Street-01 The American Express Carriage House, #3A (Compass)
From the Listing:
Massive 5,400-square-foot mint loft with private parking included! Meticulously designed by Robert Stilin, this mint condition 4-bed, 4.5-bath loft exemplifies the perfect balance of big open space and perfectly defined intimate living spaces that only the best lofts can provide. With soaring 10’10’ ceilings, 4 bedrooms, 4.5 bathrooms, a study, a library, gym and separate media room spread over 5,416 square feet, and three exposures that provide historic Tribeca views and fill the loft with light, this is truly a one of a kind property and home. The flow and finishes are perfection.
1 Available Listing for Sale for $11,995,000

432-Park-Avenue-01 432 Park Avenue (Douglas Elliman)
(DBOX for Macklowe Properties)
14 Available Listings for Sale from $5,250,000
2 Available Listings for Rent from $70,000/month

157-West-57th-Street-01 One57, #48C (Extell)
14 Available Listings for Sale from $3,325,000
4 Available Listings for Rent from $47,500/month

56-Leonard-Street-01 56 Leonard Street, #46EAST (Compass)
From the Listing:
Scraping the sky high above downtown Manhattan, Residence 46East in Herzog and de Meuron's masterpiece 56 Leonard is a modern four-bedroom, four-and-a-half-bathroom condominium residence located in the heart of Tribeca. Boasting three spacious terraces (today's most coveted luxury!), this extraordinary property offers indoor-outdoor living across nearly 4,000 combined interior and exterior square feet. Enveloped in floor-to-ceiling glass, every room in this sprawling aerie boasts show-stopping panoramic views that extend all the way to the horizon encompassing the entire iconic Manhattan skyline, Hudson River, Manhattan Bridge, East River, Woolworth Building, One World Trade and New York Harbor.
2 Available Listings for Sale from $3,350,000
2 Available Listings for Rent from $19,500/month

Top Contracts
109-East-79th-Street-01 109 East 79th Street, #6WEST (Corcoran)
From the Listing:
Graciously proportioned and strikingly designed by Steven Harris Architects, Residence 6 West is a 4,140-square-foot half-floor residence with north, south, and east exposures, and the architect’s signature attention to detail infused throughout. Offering five bedrooms, a formal dining room, five en suite baths, a powder room, and a laundry room, this home features 10’ ceilings in all primary rooms and a 17’6" ceiling in the living room. Elegant architectural details and materials throughout include expansive casement-style windows in a white bronze finish, 4" wide plank rift and quarter sawn American white oak flooring set in a chevron pattern in all living areas, recessed panel stile and rail doors with burnished nickel Nanz hardware, and custom plaster cornices in all primary rooms, hallways, vestibules, primary bathrooms, and powder rooms.

225-West-86th-Street-01 The Belnord, #1015 (Douglas Elliman)
From the Listing:
This unique five bedroom, four and a half bathroom home is the only residence off the landing. Masterfully re-envisioned by Robert A.M. Stern Architects, it offers 10-foot ceilings, fully restored, oversized mahogany windows, and white oak floors with chevron and plank patterns throughout. Upon arrival, a formal entry foyer leads into the expansive great room and adjacent dining room and open kitchen. The kitchen, overlooking Broadway, is custom designed by Molteni, featuring Calacatta Gold marble countertops and backsplash, white lacquer custom cabinetry, state-of-the-art appliances by Gaggaenau, and a 45-bottle Sub-Zero wine refrigerator. The lavish primary suite overlooks the 22,000 square foot private courtyard garden, and boasts an abundance of closet space, a mixed foyer entry way, and a spa-like, windowed bathroom.
9 Available Listings for Sale from $4,150,000

7-Bond-Street-01 7 Bond Street (CityRealty)
7-Bond-Street-02 7 Bond Street, #PH6CD (Douglas Elliman)
From the Listing:
A dramatic, one-of-a-kind duplex penthouse loft, located on Noho’s most desirable cobblestone block, PH6C at 7 Bond Street offers 3,066 square feet of architecturally stunning interior living space and a spacious 1,000+ square foot private roof deck. With 3 bedrooms, 2.5 bathrooms, a home office and ceilings reaching nearly 16 feet, this unique and sun filled space is one not to be missed. The enormous great room is flanked with windows and a skylight which floods the loft with direct sun. The private roof terrace boasts panoramic downtown views and is complete with planked wood and stone decking.

44-Jane-Street-01 44 Jane Street, #HOUSE (Sotheby's International Realty)
From the Listing:
This 22.5-foot wide townhouse was built in 1846 and retains much of its historic charm, including original period doors, molding and millwork. It is part of a row of handsome townhouses on a picturesque West Village block. Delivered vacant.

385-West-12th-Street-01 385 West 12th Street, #TH3 (Compass)
From the Listing:
An extraordinary 25-foot wide, 4-bedroom, 4-bath townhouse with over 4,300 square feet of sprawling living space and a glorious 25 x 23-foot wide garden off of the living room in the heart of the coveted West Village. This beautifully detailed home features Brazilian walnut flooring, a 48-inch Viking range with double ovens, a plumbed Miele Coffee system, Sub-Zero refrigerator, 27-inch Sub-Zero wine refrigerator, Miele dishwasher, Miele washer/dryer, a fully integrated home automation system from Control 4, as well as Lutron solar and blackout shades in the home.
1 Available Listing for Sale for $16,500,000

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