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

Features

111 West 57th Street, #47, the past week's top sale (Douglas Elliman) 111 West 57th Street, #47, the past week's top sale (Douglas Elliman)
Manhattan Sales:

  • In the last full week of March 2022, a total of 375 condo, co-op, and condop sales were recorded in Manhattan
  • The aggregate total of sales was $774,857,099
  • 192 condo sales came to a median price of $1.88 million ($1,634 per square foot)
  • 14 condop sales came to a median price of $912K
  • 169 co-op sales came to a median price of $845K

The first quarter of 2022 draws to a close with the first interest rate increase in more than three years on the horizon and amidst uncertainty about the war in Ukraine, but that does not seem to have cooled the Manhattan real estate market. A report from Douglas Elliman found that in 2022, Manhattan reported the highest number of units ever sold during the first quarter of any year since at least 1989. Coldwell Banker Warburg concurs, with President Frederick Warburg Peters observing that "sales have remained brisk throughout the first quarter."

Billionaires' Row condos have long dominated the top sales charts this year, and the past week was no exception: A full-floor Tower Residence at 111 West 57th Street, New York's most slender buildings and one of its tallest, had the top sale at $26,708,622. The spectacular Great Room looks out on Central Park views through floor-to-ceiling windows, and the south-facing bedrooms face the iconic Midtown skyline.

A short distance away, the second-highest sale of the past week took place at 15 Central Park West, where a three-bedroom unit sold for $18,000,000 in an off-market deal. The seller was listed as Alan Howard.

32-West-76th-Street-01 32 West 76th Street, #TH (Sotheby's International Realty)
Manhattan Contracts:

  • From March 28-April 3, 2022, a total of 298 condos, co-ops, and condops entered contract
  • The total sticker price sum came to $596.6 million, and the median last asking price came to $1.195 million
  • The 114 condo deals came in at a median last asking price of $1.698 million
  • The 21 condop deals came to a median last asking price of $1.375 million
  • The 163 co-op deals came to a median last asking price of $895K

On the contracts side, data also indicates that Manhattan's real estate market is still going strong. The Elliman report found that the number of contracts signed in Q1 2022 increased 46 percent to 3,585, from the 2,457 signed during the same time period in 2021. This also shows a slight increase from the previous quarter's total of 3,559 deals.

The past week's top deal was for a seven-story, 22-foot-wide, 11,000+ square-foot townhouse at 32 West 76th Street that entered contract with an asking price of $25,975,000. The townhouse dates back to 1910, but a triple-mint renovation was completed in 2020. It features approximately 2,200 square feet of private outdoor space, including a ground-floor loggia, multiple private terraces, and a rooftop terrace with outdoor kitchen. Interiors boast a lofty parlor, a chef's kitchen, full-width bedroom suites, and cellar with arcade/game room, fitness center, temperature-controlled wine room, and double-height basketball court.

The top apartment contract and second-highest contract overall took place at the Jean Nouvel-designed 53 West 53rd, where Residence #56A entered contract with an asking price of $17,750,000. Olshan Realty's market report notes that this represents a 19.5 percent reduction from when it was listed off floor plans in 2015. The apartment measures 3 bedrooms, 3.5 baths, and 3,825 square feet.






Top Sales
111-West-57th-Street-01 111 West 57th Street, #47 (Douglas Elliman)
Billionaires Row condos
Midtown West condos
111-West-57th-Street-04
From the Listing:
This elegantly proportioned, full-floor 4,492-square-foot Tower Residence with three bedrooms and three and a half bathrooms is designed for gracious living on a grand scale. Its richly detailed finishes are conceived throughout by Studio Sofield, and demonstrate an extraordinary commitment to traditional materiality, quality and craftmanship. A formal central entrance gallery with white macauba stone floors offers dramatic views to both north and south. Double macassar ebony doors open into the spectacular Great Room which spans the full width of the Tower and boasts monumental ceiling heights of 14 feet. The floors are custom smoke-gray oak laid in an intricate parquet pattern. Floor-to-ceiling windows framed in bronze showcase views of Central Park that are unobstructed and perfectly centered.
10 Available Listings for Sale from $7.75M
1 Available Listing for Rent for $27,500/month

15-Central-Park-West-01 15 Central Park West
9 Available Listings for Sale from $4.5M
2 Available Listings for Rent from $15,000/month

200-Amsterdam-Avenue-01 200 Amsterdam (Brown Harris Stevens)
16 Available Listings for Sale from $4.3M
1 Available Listing for Rent for $34,500/month

514-West-24th-Street-01 The Fitzroy, #8 (Douglas Elliman)
West Chelsea condos
High Line condos
514-West-24th-Street-04
514-West-24th-Street-05
From the Listing:
Impeccably crafted and designed by visionary design team Roman and Williams and developed by JDS Development Group, Residence 8 at The Fitzroy is a full-floor, four-bedroom, five-and-a-half-bath, 4,512 square foot home. Enter directly from the keyed elevator into the gracious great room with 11-foot ceilings, oversized casement windows and two twin private terraces measuring 520 square feet in total. The main living area is further extended through a set of gorgeous French doors to the home’s private library, complete with its own en-suite bathroom. Along the eastern wing of the residence is the formal dining room and the stunning eat-in kitchen.

443-Greenwich-Street-01 443 Greenwich Street
2 Available Listings for Sale from $27.5M


Top Contracts
32-West-76th-Street-01 32 West 76th Street, #TH (Sotheby's International Realty)
Upper West Side townhouse
Central Park West townhouses
32-West-76th-Street-04
32-West-76th-Street-05
From the Listing:
Located on the premier Central Park block of the Upper West Side, 32 West 76th Street is an exceedingly rare offering: a 22-foot wide townhouse with a full extension that extends into an excavated cellar level, delivered with a triple-mint renovation to the highest specification and completed in 2020. Characterized by a one-of-a-kind copper clad rounded bay window, the home is situated prominently in the center of the block. Sprawling over seven stories with more than 11,100 interior square feet, the home is of a magnitude rarely seen in Manhattan real estate. It has six bedrooms and 6 bathrooms, with 3 powder rooms. There is an additional ~2,200 square feet of outdoor space, inclusive of a ground-floor loggia, multiple terraces off of the guest bedrooms, and a spectacular rooftop terrace with full outdoor kitchen and multiple seating areas.

53-West-53rd-Street-01 53W53 (Gilles Ashford)
Midtown West condos 53W53, #56A (Douglas Elliman)
Billionaires Row condos
53-West-53rd-Street-04
From the Listing:
Balancing grand scale living with the intimate feeling of home, Residence 56A at 53 West 53 comprises 3,825 square feet, offering three bedrooms and a windowed study, three-and-a-half bathrooms, and north- and east-facing exposures. Gracious proportions and ceilings ranging up to approximately 11 feet set the awe-inspiring stage for world-renowned designer Thierry Despont’s masterfully conceived interiors. Bespoke detailing typically reserved for privately commissioned homes abounds, while a rich yet soft palette of museum-quality finishes imbues each space with both modern glamour and timeless elegance.
16 Available Listings for Sale from $2.9M
4 Available Listings for Rent from $8,000/month

988-Fifth-Avenue-01 988 Fifth Avenue (CityRealty)
988-Fifth-Avenue-01 988 Fifth Avenue, #12FL (Brown Harris Stevens)
Fifth Avenue condos
Carnegie Hill condos
From the Listing:
This stunning and impressive full floor 3,400-square-foot prewar condominium residence boasts commanding open views over Central Park and the Manhattan skyline. The home occupies the entire twelfth floor which was specifically designed by the developer for grand entertaining. The massive entertainment rooms have soaring 12+ foot ceilings throughout and the grand 26’ x 28’ square living room, with wood burning fireplace, takes full advantage of its perch. With multiple oversize west and north-facing windows, it is one of the most extraordinary living rooms ever built on Fifth Avenue. Its corner position commands spectacular views of Central Park, the entire West Side, and Midtown skyline.

35-Hudson-Yards-01 35 Hudson Yards
Hudson Yards condos 35 Hudson Yards, #7501 (Corcoran)
NYC supertalls
35-Hudson-Yards-04
35-Hudson-Yards-05
From the Listing:
This expertly planned four bedroom residence boasts 10’10" ceilings, lavish satin finish wide plank French oak floors, and stunning views of the Hudson River from every room. The expansive corner Great Room and separate dining room make this the perfect home for entertaining! The windowed eat-in kitchen has been outfitted with luxurious Smallbone of Devizes cabinetry with opal white marble counters and backsplash. Full suite of Gaggenau appliances, inclusive of a wine fridge and coffee maker, truly make this kitchen extraordinary.
14 Available Listings for Sale from $4.95M
4 Available Listings for Rent from $26,000/month

275-West-10th-Street-01 The Shephard, #4C (Corcoran)
West Village condos
275-West-10th-Street-03
275-West-10th-Street-04
275-West-10th-Street-05
From the Listing:
Designed for today’s modern living, this light-filled home with a gracious layout and elegant proportions features a corner living room nestled into the curve of the building’s original architecture and a south facing oversized eat-in kitchen. Situated on the desirable southwest corner of the building, all rooms are sunny and outward facing with views of tree lined streets as well as a partial Hudson River exposure from the living room. This unique residence has wonderful architectural details including 16 large, rounded windows and barrel-vaulted ceilings, beautifully proportioned rooms and superb separation of living spaces and bedrooms.
1 Available Listing for Sale for $1.7M
1 Available Listing for Rent for $6,500/month

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