Massimo Ferragamo and 655 Park Avenue
Over the past seven days, closed sales in Manhattan totaled $266.4 million with an average price of $2.01 million from 132 sales. These figures represent a 32% jump in aggregate sales from last week's total of $200.8 million.
The 63 condo sales aggregated $18.53 million with an average price of $2.94 million, or $1,859 per square foot. The 65 co-op sales came to a total of $75.2 million and an average price of $1.157 million.
The 63 condo sales aggregated $18.53 million with an average price of $2.94 million, or $1,859 per square foot. The 65 co-op sales came to a total of $75.2 million and an average price of $1.157 million.
Once again, 220 Central Park South dominated the week's top sales. A duplex unit with 1,700 square feet of outdoor space in the "Villa" section of the Billionaires' Row supertall sold for $49 million, followed closely by another apartment in the Villa section that sold for $30.5 million. It was a good week for towering new construction; the next highest sale took place at 35 Hudson Yards for nearly $7 million, followed closely by another unit several stories down. The one outlier among the top five sales was an Upper West Side apartment in a prewar cooperative that sold for $4.75 million.
In this article:
View from 655 Park Avenue owned by Massimo Ferragamo
Meanwhile, for the first time in the past four weeks, the number of signed contracts hit double digits: From August 17-23, 14 contracts were signed for Manhattan apartments priced at $4 million and above. Olshan Realty's luxury market report notes that this is the same total for the same week in 2019, and that the total asking price sales volume came to $99,395,000.
The top contract of the week is a massive Park Avenue duplex asking $12.8 million and owned by Massimo Ferragamo, the youngest son of Salvatore Ferragamo, founder of the namesake fashion house. The Olshan report notes that the apartment was originally listed for $18 million, yet the asking price is over three and a half times the $3.5 million purchase price Mr. Ferragamo paid in the mid-1990's. The apartment is a combination of two units and located about a mile north of the Fifth Avenue Ferragamo boutique.
While Mr. Ferragamo's apartment is at 655 Park Avenue, a stately J.E.R. Carpenter-designed prewar cooperative, the second-highest contract was decidedly more modern: #61WEST at 111 Murray Street, a new Tribeca condominium that has made a striking addition to the Lower Manhattan skyline, entered contract for $12.4 million. Buyer's broker Jason Walker described his client as a New Yorker who appreciated the building's views and amenities.
Top Sales
1. 220 Central Park South, #V-11
$49,000,000 ($10,166 / ft2)
Midtown West | Condo | 3 beds, 4 baths | 4,820 ft2
2 listings from $15 million
$49,000,000 ($10,166 / ft2)
Midtown West | Condo | 3 beds, 4 baths | 4,820 ft2
2 listings from $15 million
All images of 220 Central Park South via Vornado Realty Trust
2. 220 Central Park South, #V-3
$30,500,000 ($6,230 / ft2)
Midtown West | Condo | 5 beds, 6.5 baths | 4,896 ft2
2 listings from $15 million
$30,500,000 ($6,230 / ft2)
Midtown West | Condo | 5 beds, 6.5 baths | 4,896 ft2
2 listings from $15 million
3. 35 Hudson Yards, #7101
$6,978,750
Midtown West | Condo | 3 beds, 3.5 baths | 2,570 ft2
15 listings from $4.25 million
$6,978,750
Midtown West | Condo | 3 beds, 3.5 baths | 2,570 ft2
15 listings from $4.25 million
35 Hudson Yards via Related Companies
4. The Arbutus, 639 West End Avenue, #12AB
$4,750,000
Riverside Drive / West End Avenue | Co-op | 4 beds, 4.5 baths
$4,750,000
Riverside Drive / West End Avenue | Co-op | 4 beds, 4.5 baths
All images of The Arbutus via The Corcoran Group
From the listing:
Superbly situated on a high floor with oversized windows, four exposures and two corner rooms, this beautifully renovated 10-room home boasts brilliant natural light and protected open city views from every room. In addition, views overlook the exquisite landmark architecture so distinctive of the area. The elegance and scale of prewar architecture was preserved in this huge Upper West Side home that also imbues a modern esthetic for contemporary living.
The gracious floor plan provides for a split-bedroom layout (two bedrooms in each wing) with five large formal and casual entertaining spaces. Beautifully renovated and move-in ready, the expansive layout and multiple entertaining rooms make this home extremely flexible. There can easily be 5-6 large bedrooms. Two oversized side by side living rooms can be opened for a massive formal expanse. In addition to the two living rooms (formal living room and den) the entertaining rooms include a huge formal dining room, an oversized eat-in chef’s kitchen and media room/home office connected by a pass-through to a second kitchen with full size refrigerator, dishwasher, microwave and washer and gas-vented dryer.
Superbly situated on a high floor with oversized windows, four exposures and two corner rooms, this beautifully renovated 10-room home boasts brilliant natural light and protected open city views from every room. In addition, views overlook the exquisite landmark architecture so distinctive of the area. The elegance and scale of prewar architecture was preserved in this huge Upper West Side home that also imbues a modern esthetic for contemporary living.
The gracious floor plan provides for a split-bedroom layout (two bedrooms in each wing) with five large formal and casual entertaining spaces. Beautifully renovated and move-in ready, the expansive layout and multiple entertaining rooms make this home extremely flexible. There can easily be 5-6 large bedrooms. Two oversized side by side living rooms can be opened for a massive formal expanse. In addition to the two living rooms (formal living room and den) the entertaining rooms include a huge formal dining room, an oversized eat-in chef’s kitchen and media room/home office connected by a pass-through to a second kitchen with full size refrigerator, dishwasher, microwave and washer and gas-vented dryer.
5. 35 Hudson Yards, #5903
$4,253,750
Midtown West | Condo | 2 beds, 3 baths | 1,893 ft2
15 listings from $4.25 million
$4,253,750
Midtown West | Condo | 2 beds, 3 baths | 1,893 ft2
15 listings from $4.25 million
Top Contracts
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Upper East Side | Co-op | 7 beds, 7 baths | 5,800 ft2
All images of 655 Park Avenue via Douglas Elliman
From the listing:
A private peaceful secure home with outstanding views and glorious light #8/9B has a classic floor plan unfolding from a private vestibule onto a spacious gallery-like hall. The beautifully proportioned living, dining, sitting, family rooms and a wood paneled library-combine to make this the perfect home for entertaining; while a beautifully appointed kitchen offers top-of-the-line appliances and cabinetry as well as a roomy breakfast nook. A charming bright semi-circular sunroom and sheltered veranda lead outward onto a magical 3,000-square-foot massive rooftop terrace.A lovely spiral staircase leads to the second floor, where an eat-in kitchen and second living room provide space for intimate family gatherings.
The apartment's current configuration includes seven bedrooms, including two master bedrooms with en-suite bath and separate maid's quarters. An office, and dressing room round out the floor plan, all of which could be repurposed as desired. Wood paneling, wood burning fireplaces,original crown moldings and Classical detailing appear throughout as well as seven walk-in closets, two storage rooms, four full baths and three baths with showers, all recently renovated.
A private peaceful secure home with outstanding views and glorious light #8/9B has a classic floor plan unfolding from a private vestibule onto a spacious gallery-like hall. The beautifully proportioned living, dining, sitting, family rooms and a wood paneled library-combine to make this the perfect home for entertaining; while a beautifully appointed kitchen offers top-of-the-line appliances and cabinetry as well as a roomy breakfast nook. A charming bright semi-circular sunroom and sheltered veranda lead outward onto a magical 3,000-square-foot massive rooftop terrace.A lovely spiral staircase leads to the second floor, where an eat-in kitchen and second living room provide space for intimate family gatherings.
The apartment's current configuration includes seven bedrooms, including two master bedrooms with en-suite bath and separate maid's quarters. An office, and dressing room round out the floor plan, all of which could be repurposed as desired. Wood paneling, wood burning fireplaces,original crown moldings and Classical detailing appear throughout as well as seven walk-in closets, two storage rooms, four full baths and three baths with showers, all recently renovated.
3 Available Listings from $4.7M
Tribeca | Condo | 5 beds, 6.5 baths | 4,014 ft2
All images of 111 Murray Street via Douglas Elliman
From the listing:
At 4,014 square feet, this exceptional 5-bedroom, 6.5-bathroom residence with ceilings up to approximately 11'2 comprises an entire half floor, offering expansive north, south, and west-facing views that include cinematic panoramas of the Hudson River, views to the Empire State Building and beyond. From a private elevator vestibule, a grand set of double doors reveals a formal entry foyer that leads to a breathtaking corner living and dining room. Floor-to-ceiling glass wraps the gentle curve of this sprawling 30' x 25'7" space for exceptional natural light and spectacular north- and west-facing vistas.
The adjacent eat-in kitchen, with an entire wall of floor-to-ceiling windows, center island breakfast bar, and dual points of entry, allows for seamless entertaining and intimate daily living alike. Meticulously designed by AD100 designer David Mann, the custom Molteni kitchen offers cerused White Oak cabinetry trimmed in custom soft black metal, Calacatta Borghini marble island with book-matched waterfall, countertop, and backsplash, Dornbracht fixtures in a custom soft black matte finish, two pantries, and top-of-the-line appliances by Wolf, Miele, and Sub-Zero including a 30" refrigerator, 18" freezer, 42" six-burner gas cooktop with built-in canopy hood, two integrated dishwashers, wall oven with warming drawer, steam oven, speed oven, wine refrigerator, and integrated coffee system.
At 4,014 square feet, this exceptional 5-bedroom, 6.5-bathroom residence with ceilings up to approximately 11'2 comprises an entire half floor, offering expansive north, south, and west-facing views that include cinematic panoramas of the Hudson River, views to the Empire State Building and beyond. From a private elevator vestibule, a grand set of double doors reveals a formal entry foyer that leads to a breathtaking corner living and dining room. Floor-to-ceiling glass wraps the gentle curve of this sprawling 30' x 25'7" space for exceptional natural light and spectacular north- and west-facing vistas.
The adjacent eat-in kitchen, with an entire wall of floor-to-ceiling windows, center island breakfast bar, and dual points of entry, allows for seamless entertaining and intimate daily living alike. Meticulously designed by AD100 designer David Mann, the custom Molteni kitchen offers cerused White Oak cabinetry trimmed in custom soft black metal, Calacatta Borghini marble island with book-matched waterfall, countertop, and backsplash, Dornbracht fixtures in a custom soft black matte finish, two pantries, and top-of-the-line appliances by Wolf, Miele, and Sub-Zero including a 30" refrigerator, 18" freezer, 42" six-burner gas cooktop with built-in canopy hood, two integrated dishwashers, wall oven with warming drawer, steam oven, speed oven, wine refrigerator, and integrated coffee system.
13 Available Listings from $2.075M
Greenwich Village | Condo | 4 beds, 4.5 baths | 3,088 ft2
All images of The Greenwich Lane via Douglas Elliman
From the listing:
A spectacular sun-flooded, designer loft in the West Village's premiere boutique full-service condominium is move-in ready. This well drawn home offers a spectacular marriage of open lofted family and entertaining living space and four grand private bedroom suites.
Down a formal gallery suited for large scale art you enter the tremendous 27' wide Great Room, which overlooks the lush central common garden from four south-facing oversized casement windows. This sun-blasted Great Room offers separate dining and living areas and a contiguous open top-of-the-line chef's kitchen with a large marble eat-on island.
A second gallery to the bedroom suites offers great privacy and distance from your living space. Each of the well proportioned bedrooms have tree-lined quaint West Village views and allow additional space for desks to study, nooks for reading, and/or couches for lounging. Custom built-ins and closets, electric privacy and black out shades, and cozy window seats round out these suites.
A spectacular sun-flooded, designer loft in the West Village's premiere boutique full-service condominium is move-in ready. This well drawn home offers a spectacular marriage of open lofted family and entertaining living space and four grand private bedroom suites.
Down a formal gallery suited for large scale art you enter the tremendous 27' wide Great Room, which overlooks the lush central common garden from four south-facing oversized casement windows. This sun-blasted Great Room offers separate dining and living areas and a contiguous open top-of-the-line chef's kitchen with a large marble eat-on island.
A second gallery to the bedroom suites offers great privacy and distance from your living space. Each of the well proportioned bedrooms have tree-lined quaint West Village views and allow additional space for desks to study, nooks for reading, and/or couches for lounging. Custom built-ins and closets, electric privacy and black out shades, and cozy window seats round out these suites.
West Village | Condo | 3 beds, 3.5 baths | 2,626 ft2
All images of Superior Ink via Compass
From the listing:
Floating at just the perfect eye-level is one of New York City's rarest, most compelling, and majestic river and park views. Here is a lofty diamond a rambling trophy home offering stupendous light and space, and a coveted front row seat to one of the most magical maritime panoramas in the world.
Inside is a thoughtfully upgraded residence created and designed to showcase its unsurpassed theatrical waterscape from most every one of its generously proportioned rooms. Boasting a dramatic, inviting, open-plan living/dining room a grand, lofty expanse with Western and Northern exposures, cinematic river and park views, soaring ceilings, a Juliette balcony, and ideal proximity to the big, open, eat-in cook's kitchen this space lives large and stands out for all the right reasons.
Floating at just the perfect eye-level is one of New York City's rarest, most compelling, and majestic river and park views. Here is a lofty diamond a rambling trophy home offering stupendous light and space, and a coveted front row seat to one of the most magical maritime panoramas in the world.
Inside is a thoughtfully upgraded residence created and designed to showcase its unsurpassed theatrical waterscape from most every one of its generously proportioned rooms. Boasting a dramatic, inviting, open-plan living/dining room a grand, lofty expanse with Western and Northern exposures, cinematic river and park views, soaring ceilings, a Juliette balcony, and ideal proximity to the big, open, eat-in cook's kitchen this space lives large and stands out for all the right reasons.
3 Available Listings from $2.3M
Lincoln Center | Condo | 4 beds, 3.5 baths | 2,605 ft2
All images of 30 Lincoln Plaza via Douglas Elliman
From the listing:
This massive condominium sits high above Central Park, offering direct views from every room. Lived in by only one owner, it is in pristine new condition. The entryway into the apartment immediately opens up in to the large entertaining space with open kitchen, living room and dining room. The kitchen includes a Wolf stove, Miele dishwasher, SubZero refrigerator/freezer, wine fridge, custom white lacquered cabinetry and granite countertops.
The spacious en-suite master bedroom has a huge walk-in closet and over-sized 5 fixture bathroom with another walk in closet. There is a generous laundry room with extra storage. All of the closets have been custom fitted and there are beautiful oak floors throughout.
This massive condominium sits high above Central Park, offering direct views from every room. Lived in by only one owner, it is in pristine new condition. The entryway into the apartment immediately opens up in to the large entertaining space with open kitchen, living room and dining room. The kitchen includes a Wolf stove, Miele dishwasher, SubZero refrigerator/freezer, wine fridge, custom white lacquered cabinetry and granite countertops.
The spacious en-suite master bedroom has a huge walk-in closet and over-sized 5 fixture bathroom with another walk in closet. There is a generous laundry room with extra storage. All of the closets have been custom fitted and there are beautiful oak floors throughout.
4 Available Listings from $2.5M
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