The Police Building via The Modlin Group
From June 13-19, a total of 384 condos, co-ops, and condop sales were recorded in Manhattan with an aggregate price of $677,776,327 and a median price of $1,224,000. The 197 condo sales closed at a median price of $1,575,000, or $1,496 per square foot. The 182 co-op sales came to a median price of $877,500.
The top sale of the past week was Daniel Humm's $14.5 million purchase at 40 Fifth Avenue in an off-market deal. While details are not available about the apartment itself, we know that the prewar building is a short walk away from Mr. Humm's three Michelin starred restaurant, Eleven Madison Park, which recently reopened with a new meatless menu. Mr. Humm purchased the apartment from M. Steven Ells, a co-founder of Chipotle.
The top sale of the past week was Daniel Humm's $14.5 million purchase at 40 Fifth Avenue in an off-market deal. While details are not available about the apartment itself, we know that the prewar building is a short walk away from Mr. Humm's three Michelin starred restaurant, Eleven Madison Park, which recently reopened with a new meatless menu. Mr. Humm purchased the apartment from M. Steven Ells, a co-founder of Chipotle.
Another notable downtown sale took place at The Police Building, a New York City Landmark and the co-op conversion of the former NYPD headquarters. The dramatic quadruplex penthouse in the building's cupola sold for $10 million, which the New York Post notes is one quarter of its original $40 million asking price. Previous owners include Calvin Klein, Steffi Graff, and Ahmass Fakahany, former global president and COO of Merrill Lynch; the buyer has been identified as Aaron Chaus, CEO and founder of Clear River Investments.
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220 Central Park South via Vornado Realty Trust
From June 14-20, 2021, a total of 41 contracts were signed for luxury listings (priced $4 million and up) in Manhattan with a total weekly sales volume of $378,223,000. It remains to be seen how such a strong streak will last amidst the summer slump the market typically sees as people go out of town, but Olshan Realty's market report notes that the streak of 30 or more contracts is now up to 20 straight weeks. The top deal took place at 220 Central Park South, where #54/55A, a four-bedroom duplex, entered contract with an asking price of $49,500,000. The buyer was not identified; the seller, car dealership owner Michael Cantanucci, bought the condo off floor plans in 2015 and closed for $38,184,375 in 2019.
As recent sales at 220 Central Park West and the nearby Central Park Tower demonstrate, apartments with Central Park views continue to rake in high sales. Savvy developers recognize that, and are already making plans for a new wave of Billionaires' Row towers: As part of the city's new Zoning for Accessibility program, Sedesco has proposed giving the city two new subway elevators at the F train's 57th Street station in exchange for adding 52,000 square feet to its proposed 1,100-foot-tall, 63-story Billionaires' Row skyscraper. The extra space would allow for 119 apartments, 158 hotel rooms, and a 10,212-square-foot restaurant.
As recent sales at 220 Central Park West and the nearby Central Park Tower demonstrate, apartments with Central Park views continue to rake in high sales. Savvy developers recognize that, and are already making plans for a new wave of Billionaires' Row towers: As part of the city's new Zoning for Accessibility program, Sedesco has proposed giving the city two new subway elevators at the F train's 57th Street station in exchange for adding 52,000 square feet to its proposed 1,100-foot-tall, 63-story Billionaires' Row skyscraper. The extra space would allow for 119 apartments, 158 hotel rooms, and a 10,212-square-foot restaurant.
50 West 58th Street / 41 West 57th Street (Rendering by OMA/Sedesco via Crain's New York)
The 41 contracts included five townhouses; among them was 5 East 74th Street, an ornate, Neo-Renaissance townhouse dating back to 1921. The last asking price of $19.75 million represents a 41.9 percent discount off the original asking price of $34 million, but it was nevertheless the third-highest contract of the past week.
When the townhouse originally went on the market in 2013, The New York Times identified the sellers as Harry Slatkin, founder of home fragrance brand Slatkin & Company, and his wife Laura, chief executive of Nest fragrances. The couple's renovation retained the original moldings and period details, but redid the bathrooms, created a grand marble kitchen on the first floor, and repainted principal rooms in the same shade of white that family friend Lenny Kravitz used in his Paris townhouse.
When the townhouse originally went on the market in 2013, The New York Times identified the sellers as Harry Slatkin, founder of home fragrance brand Slatkin & Company, and his wife Laura, chief executive of Nest fragrances. The couple's renovation retained the original moldings and period details, but redid the bathrooms, created a grand marble kitchen on the first floor, and repainted principal rooms in the same shade of white that family friend Lenny Kravitz used in his Paris townhouse.
Top Sales
2 Available Listings from $3.3M
6 Available Listings from $2M
All images of The Police Building via The Modlin Group
From the listing:
Recently remodeled, the Cupola Penthouse has two separate wings: The north wing contains an over-sized, eat-in kitchen with marble island, Viking range, Sub-Zero refrigerator, Bosch dishwasher and windows and skylights that stream in natural sunlight. Adjacent is a formal dining room, full-size bath, and a large, warmly lit media room with coffered paneled ceiling. One flight up is the enormous primary suite, equipped with a massive walk-through dressing room and a separate sitting area. The primary bath is equally impressive with a Waterworks oval bathtub, shower, bidet, separate WC, and a custom made glass tile mural by Artistic Tile. The south wing has two en-suite bedrooms, a large family room with 23-foot high ceilings with exposed architectural beams, a fully equipped butlers pantry, and a laundry room.
Recently remodeled, the Cupola Penthouse has two separate wings: The north wing contains an over-sized, eat-in kitchen with marble island, Viking range, Sub-Zero refrigerator, Bosch dishwasher and windows and skylights that stream in natural sunlight. Adjacent is a formal dining room, full-size bath, and a large, warmly lit media room with coffered paneled ceiling. One flight up is the enormous primary suite, equipped with a massive walk-through dressing room and a separate sitting area. The primary bath is equally impressive with a Waterworks oval bathtub, shower, bidet, separate WC, and a custom made glass tile mural by Artistic Tile. The south wing has two en-suite bedrooms, a large family room with 23-foot high ceilings with exposed architectural beams, a fully equipped butlers pantry, and a laundry room.
Take your own private elevator or a dramatic spiral staircase up to the Dome Living Room, a 32-foot diameter circular room that offers 360-degree views of New York City. With 25-foot high ceilings and a dramatic double height curved staircase, this room is the piece de resistance. North and south terraces offer views of The Empire State Building, Brooklyn Bridge and much more. Finally, ascend one flight and be awed by the Dome Sanctuary, a one of kind space with 30-foot high ceilings, exposed brick walls, and four gigantic original clocks acting as your windows.
2 Available Listings from $2.65M
All images of 90 Morton Street via Reuveni Real Estate
From the listing:
A rare combination of form and functionality greet you as you enter this 3,249 square foot four bedroom, four and a half bathroom corner residence. Leaving the generous foyer behind, one is ushered through a gallery before being welcomed into the 40’ great room complete with vast blackened steel frame, double-paned glass windows. 12' ceilings are beamed and showcase the character and distinction of the buildings’ original use as a Printing House built in 1912.
The custom chef’s kitchen features top-of- the- line Gaggenau appliances including a 36’’ induction and vented cook-top, convection oven, speed oven, 36’’ refrigerator/freezer with a walnut veneer, Sub-Zero wine cooler, additional under island refrigeration, pot filler faucet and dishwasher. Seamless Quartzite countertops and blackened steel cabinets with fluted glass panels add a touch of downtown flair to the open and dramatic kitchen.
A rare combination of form and functionality greet you as you enter this 3,249 square foot four bedroom, four and a half bathroom corner residence. Leaving the generous foyer behind, one is ushered through a gallery before being welcomed into the 40’ great room complete with vast blackened steel frame, double-paned glass windows. 12' ceilings are beamed and showcase the character and distinction of the buildings’ original use as a Printing House built in 1912.
The custom chef’s kitchen features top-of- the- line Gaggenau appliances including a 36’’ induction and vented cook-top, convection oven, speed oven, 36’’ refrigerator/freezer with a walnut veneer, Sub-Zero wine cooler, additional under island refrigeration, pot filler faucet and dishwasher. Seamless Quartzite countertops and blackened steel cabinets with fluted glass panels add a touch of downtown flair to the open and dramatic kitchen.
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All images of 53W53 via Corcoran
From the listing:
With interior design by New York-based architect, designer and artist Thierry Despont, Residence 17D is a 2,770-square-foot south and east-facing two-bedroom featuring a 1,480-square-foot tree-lined terrace, high ceilings, gracious proportions and the rich attention to detail of a bespoke privately commissioned home. Interior features include 4" wide plank solid American oak floors, fully customized kitchens and baths, and elegantly crafted furniture-grade over 9’ tall mahogany doors with custom designed bronze hardware inspired by the tower’s distinctive silhouette. The windowed open kitchen features polished statuary marble countertops and backlit backsplash with custom back-painted glass cabinetry by Molteni. Kitchen appliances include a Miele low profile cooktop, vented hood, oven, speed oven, coffee maker, and fully-incorporated dishwasher, and Sub-Zero refrigerator and wine refrigerator. The primary bath is clad in Noir St. Laurent marble, golden travertine and Verona limestone with a custom carved stone vanity with free-standing medicine cabinet above. The primary bath also features radiant heated floors and Dornbracht fittings and accessories.
With interior design by New York-based architect, designer and artist Thierry Despont, Residence 17D is a 2,770-square-foot south and east-facing two-bedroom featuring a 1,480-square-foot tree-lined terrace, high ceilings, gracious proportions and the rich attention to detail of a bespoke privately commissioned home. Interior features include 4" wide plank solid American oak floors, fully customized kitchens and baths, and elegantly crafted furniture-grade over 9’ tall mahogany doors with custom designed bronze hardware inspired by the tower’s distinctive silhouette. The windowed open kitchen features polished statuary marble countertops and backlit backsplash with custom back-painted glass cabinetry by Molteni. Kitchen appliances include a Miele low profile cooktop, vented hood, oven, speed oven, coffee maker, and fully-incorporated dishwasher, and Sub-Zero refrigerator and wine refrigerator. The primary bath is clad in Noir St. Laurent marble, golden travertine and Verona limestone with a custom carved stone vanity with free-standing medicine cabinet above. The primary bath also features radiant heated floors and Dornbracht fittings and accessories.
17 Available Listings from $2.7M
Top Contracts
All images of 220 Central Park South via Vornado Realty Trust
From the listing:
One of only two of its kind in New York City's premier residential building, we proudly offer this exquisite 4 bedroom, 5 1/2 bathroom duplex with about 5,000 square feet. Located on the ideal height and with the best sight line within the building, there are breathtaking views from enormous picture windows in every room. This magnificent apartment is brand new, never lived in and new to the market. If you are looking for the absolute best, this is it.
With as much living space as a townhouse on just two floors, it offers magnificent living space, grand scale rooms, a sweeping staircase to the private bedroom level, its own internal elevator plus sweeping vistas of Central Park to the north and open city views to the south. The apartment has what has been described as most beautiful eat-in kitchen in the building, a formal dining room, marble clad baths of exquisite design, a large laundry room, and a huge corner primary bedroom suite with two large baths and an enormous dressing room.
One of only two of its kind in New York City's premier residential building, we proudly offer this exquisite 4 bedroom, 5 1/2 bathroom duplex with about 5,000 square feet. Located on the ideal height and with the best sight line within the building, there are breathtaking views from enormous picture windows in every room. This magnificent apartment is brand new, never lived in and new to the market. If you are looking for the absolute best, this is it.
With as much living space as a townhouse on just two floors, it offers magnificent living space, grand scale rooms, a sweeping staircase to the private bedroom level, its own internal elevator plus sweeping vistas of Central Park to the north and open city views to the south. The apartment has what has been described as most beautiful eat-in kitchen in the building, a formal dining room, marble clad baths of exquisite design, a large laundry room, and a huge corner primary bedroom suite with two large baths and an enormous dressing room.
2 Available Listings from $33M
All images of 378 West End Avenue via Compass
From the listing:
The residences at 378 West End Avenue are designed for the way people live today. Each of the fifty-eight residences, designed by COOKFOX and developed by Alchemy Properties, has gracious proportions and rich materiality. There is a wonderful interplay between the classic and contemporary. Top-of-the-line technology includes building water and air filtration systems, and elevators outfitted with state-of-the-art touchless technology.
The residences at 378 West End Avenue are designed for the way people live today. Each of the fifty-eight residences, designed by COOKFOX and developed by Alchemy Properties, has gracious proportions and rich materiality. There is a wonderful interplay between the classic and contemporary. Top-of-the-line technology includes building water and air filtration systems, and elevators outfitted with state-of-the-art touchless technology.
10 Available Listings from $3.6M
All images of 18 East 74th Street via Modlin Group LLC
From the listing:
Recalling the gravitas and gilding of a bygone era, this well-appointed Upper East Side limestone mansion features 8 bedrooms, 7 bathrooms and, a sound facing garden and a rooftop terrace. This home is spread out over seven stories and offers in excess of 10,300 square feet. Behind its striking neo-Italian Renaissance facade lies a home that exudes an unexpected aura of coziness along with its undeniable grandeur.
In the perfectly lit foyer, glass and wrought-iron doors open to a dual-level gallery tiled with black and white marble. The massive eat-in chef’s kitchen features marble finishes and top-of-the-line appliances. In addition to a designated service entrance, there is an internal service stairway that connects the kitchen to key service areas elsewhere in the home. Climbing the grand staircase to the parlor floor, a wide landing separates the front living room with three arched windows overlooking 74th Street, an original marble fireplace and ornate period moldings, from the lavish dining room, featuring yet another marble fireplace with white Ionic columns and roseate moldings framing the ceiling. Connecting to the formal dining room, the quaint butler’s pantry/full kitchen with its white tin ceiling and farmhouse sink is an original feature that has remained.
Recalling the gravitas and gilding of a bygone era, this well-appointed Upper East Side limestone mansion features 8 bedrooms, 7 bathrooms and, a sound facing garden and a rooftop terrace. This home is spread out over seven stories and offers in excess of 10,300 square feet. Behind its striking neo-Italian Renaissance facade lies a home that exudes an unexpected aura of coziness along with its undeniable grandeur.
In the perfectly lit foyer, glass and wrought-iron doors open to a dual-level gallery tiled with black and white marble. The massive eat-in chef’s kitchen features marble finishes and top-of-the-line appliances. In addition to a designated service entrance, there is an internal service stairway that connects the kitchen to key service areas elsewhere in the home. Climbing the grand staircase to the parlor floor, a wide landing separates the front living room with three arched windows overlooking 74th Street, an original marble fireplace and ornate period moldings, from the lavish dining room, featuring yet another marble fireplace with white Ionic columns and roseate moldings framing the ceiling. Connecting to the formal dining room, the quaint butler’s pantry/full kitchen with its white tin ceiling and farmhouse sink is an original feature that has remained.
All images of Lantern House via Related
From the listing:
This triple-corner 22nd floor penthouse features 180-degree city and river views from this generous 2,614-square-foot 3-bedroom home and its beautiful terrace facing west over the Hudson River.
Penthouse 2201’s unique Great Room features three expansive bay windows including western sunset views over the Hudson and unobstructed, panoramic city views from Hudson Yards to the Empire State Building. With 12-foot ceilings, this distinctive penthouse features chevron-laid flooring and handsome fireplace with marble surround. The open kitchen, designed by March & White and including custom bronze finished trim and hardware, incorporates Gaggenau appliances and an impressive array of additional features including a seventy-bottle full-height wine cooler, double wall ovens, a custom suspended light fixture of bronze-finished metal and specialty glass, convex fluted oak cabinetry, and Calacatta Venato marble slab countertops and backsplash.
This triple-corner 22nd floor penthouse features 180-degree city and river views from this generous 2,614-square-foot 3-bedroom home and its beautiful terrace facing west over the Hudson River.
Penthouse 2201’s unique Great Room features three expansive bay windows including western sunset views over the Hudson and unobstructed, panoramic city views from Hudson Yards to the Empire State Building. With 12-foot ceilings, this distinctive penthouse features chevron-laid flooring and handsome fireplace with marble surround. The open kitchen, designed by March & White and including custom bronze finished trim and hardware, incorporates Gaggenau appliances and an impressive array of additional features including a seventy-bottle full-height wine cooler, double wall ovens, a custom suspended light fixture of bronze-finished metal and specialty glass, convex fluted oak cabinetry, and Calacatta Venato marble slab countertops and backsplash.
33 Available Listings from $1.8M
All images of 140 Franklin Street via Lets Reimagine Real Estate
From the listing:
With 19th century architectural history and generous proportions, this 4-5-bedroom lofted duplex penthouse designed by renowned architect, Winka Dubbeldam, in the heart of one of Tribeca’s most coveted doorman condo buildings welcomes you home. Experience privacy and luxury with only 11 other residences, and stunning designer details in this beautifully renovated home with a sprawling layout of over 5,000 square feet of interior, and 2,200 square feet of exceptionally landscaped terrace.
In the grand double-height great room defined by light, scale, volume, and proportion, you will find original cast-iron columns, a gracious 25-foot-long skylight illuminating the space throughout, a wood-burning fireplace, wide plank Brazilian wood flooring, and oversized south-facing windows. The apartment’s endless wall space creates the ideal backdrop for your enviable art collection, while multiple seating areas offer a sense of intimacy without compromising the openness and integrity of the loft. The entire apartment is outfitted with a high-end security system, Nest thermostats, Lutron lighting, and Sonos sound system. Rest comfortably knowing there is complete sound isolation between you and your neighbors.
With 19th century architectural history and generous proportions, this 4-5-bedroom lofted duplex penthouse designed by renowned architect, Winka Dubbeldam, in the heart of one of Tribeca’s most coveted doorman condo buildings welcomes you home. Experience privacy and luxury with only 11 other residences, and stunning designer details in this beautifully renovated home with a sprawling layout of over 5,000 square feet of interior, and 2,200 square feet of exceptionally landscaped terrace.
In the grand double-height great room defined by light, scale, volume, and proportion, you will find original cast-iron columns, a gracious 25-foot-long skylight illuminating the space throughout, a wood-burning fireplace, wide plank Brazilian wood flooring, and oversized south-facing windows. The apartment’s endless wall space creates the ideal backdrop for your enviable art collection, while multiple seating areas offer a sense of intimacy without compromising the openness and integrity of the loft. The entire apartment is outfitted with a high-end security system, Nest thermostats, Lutron lighting, and Sonos sound system. Rest comfortably knowing there is complete sound isolation between you and your neighbors.
1 Available Listing for $14M
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