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The Benson, home of the past week's top sale (Renderings via Hayes Davidson) The Benson, home of the past week's top sale (Renderings via Hayes Davidson)

Manhattan Sales:

  • In the last full week of March 2022, a total of 408 condo, co-op, and condop sales were recorded in Manhattan
  • The aggregate total of sales was $759,657,439
  • The sales came to a median price of $1.125M
  • 199 condo sales came to a median price of $1,520,000 ($1,590 per square foot)
  • 2 condop sales came to a median price of $529,500
  • 207 co-op sales came to a median price of $835K

1045-Madison-Avenue-02 The Benson circa March 2022 via CityRealty
The last full week of March 2022 was an especially impressive one for new development condos, with sponsor new development sales accounting for $189 million of the apartment deals of the past week. Leading the charge was #10/11 at The Benson, which closed for $27,950,000. Unit 10 was initally asking $13.3 million; unit 11 was initially asking $13.45 million (per the building's offering plan); and the final price includes the construction costs of combining the two into one massive, 8,386-square-foot duplex apartment. The original configuration of each floor was 6 bedrooms and 5.5 baths. Each floor has a fireplace, as well as the soaring ceilings, oversized windows, custom crown moldings, and luxurious bedroom suites found in every unit at The Benson.
Madison Avenue condos
A shielded buyer snagged two of these layouts and will combine them into a single residence.
The Benson's design by Peter Pennoyer Architects pays tribute to historic Upper East Side architecture with a limestone facade, setback terraces, and mullioned windows. It was the first new condominium to take shape in this cooperative-heavy section of Carnegie Hill in over 20 years, and luxury buyers took notice—the full-floor and duplex units sold out in less than a year, and regularly ranked among Manhattan's top luxury contracts during this time. Closings commenced earlier this winter and are coming in at an average price of $3,070 per square foot.
When this duplex entered contract in February 2021, buyer's broker Bo Poulsen of Brown Harris Stevens said his client (identified only as Leftshoe LLC) was originally looking for a single-family home, but "it offered a lifestyle you couldn't get in a townhouse." The lifestyle at The Benson includes 24-hour doorman and concierge service, a state-of-the-art fitness center, half-basketball court, spa and steam room, pet spa, screening room designed by Achille Salvagni with wet bar and popcorn machine, library with adjoining garden, and landscaped roof terrace with fire pit, built-in bar, and expansive views of Central Park.
Upper East Side condos

Manhattan Contracts:

  • From March 21-27, 2022, a total of 355 condos, co-ops, and condops entered contract
  • The total sticker price sum came to $720.7 million, and the median last asking price came to $1,250,000
  • The average time on the market plummeted to 79 days
  • The 135 condo deals spent an average of 97 days on the market, and the median last asking price was $1.95 million
  • The 199 co-op deals spent an average of 71 days on the market, and the median last asking price was $850K

The Benson was an early entrant in a condo building boom bringing prewar-inspired architecture with modern finishes and amenities to a rarefied section of the Upper East Side. Among the new developments is 109 East 79th Street, a 20-story condominium designed by Steven Harris Architects to feature Art Deco, Mid-Century, and Bauhaus influences. Olshan Realty's market report notes that 22 of the 31 units inside have sold with an asking price average of $3,860 per square foot; among them is #PH17, a 5-bedroom, 5.5-bath penthouse measuring 6,548 interior square feet with a 336-square-foot private terrace. At an asking price of $29,350,000, it had the top contract of the past week.
On the Upper West Side, a similar luxury condo building boom is taking place amidst protected architecture and historic districts. 200 Amsterdam Avenue was one of the most fiercely protested by local preservationists, but luxury buyers have been drawn to its sweeping views, high-end interiors, and luxurious amenity offerings that include a membership to the nearby Lincoln Center. #37A, a 5-bedroom, 5.5-bath full-floor home with a 116-foot private terrace, had the top Upper West Side contract and the second-highest overall contract with an asking price of $21,500,000

Top Sales
Carnegie Hill condos
From the Listing:
A duplex that is being constructed out of two floors in the new condo called The Benson. The original configuration of each floor was 6 bedrooms and 5.5 bathrooms. Each floor has a fireplace. The total square footage is 8,386 square feet. The Benson is an elegant boutique residence designed by the award-winning architect Peter Pennoyer as his tribute to the architectural legacy of the Upper East Side. Perfectly located at 79th Street and Madison Avenue, just one block from Central Park and the Metropolitan Museum of Art. The Benson's facade is comprised of hand-carved, hand-laid Indiana limestone, distinctive mullioned windows, a series of gracious set-back terraces detailed with intricate ironwork to exemplify the buildings classic uptown character.

23-East-22nd-Street-01 One Madison (CityRealty)
5 Available Listings for Sale from $3.75M

12-East-13th-Street-01 12 East 13th Street, #PH (Compass)
From the Listing:
Welcome to the PH of 12 East 13th Street, an exceptionally private three-story glass house that sits atop this 12-story boutique building in the most coveted location in New York City. A one-of-a-kind fairy tale home in the heart of Greenwich Village. Dramatic living at its finest. As you step off the elevator, your eyes draw upwards along the sculptural staircase. The open staircase is flooded with natural north-facing light from the three-story glass wall. Sun-filled by day and dramatic elegance at night. On one side, you have a formal dining room with a fireplace, an epic eat-in Kitchen with double dishwashers, an ice maker, garbage disposal, wine fridge, industrial size oven, and custom cabinetry. On the other end, you have a gigantic living room with its own fireplace, and in the center, you have the first terrace (yes, there are more than one).

From the Listing:
Welcome to #36B, a 2,367-square-foot residence in the premier 15 Central Park West featuring unobstructed views of Central Park and beyond. Enter through the foyer of this two-bed, two-and-a-half bath home be immediately greeted by soaring views of the park and plentiful natural light. Floor-to-ceiling windows frame the living space, while the adjoining dining area has overscale windows and dual storage window seats. Custom white rift oak shelving and storage are seamlessly integrated throughout, including a discreet paneled wall that accommodates a gas fireplace and conceals a television.
9 Available Listings for Sale from $4.5M
3 Available Listings for Rent from $15,000/month

1 Available Listing for Sale for $20M

Top Contracts
109-East-79th-Street-01 109 East 79th Street, #PH17 (Corcoran)
From the Listing:
Spanning a full floor and stretching to 6,548 square feet with 336 square feet of private outdoor space and offering 100’ of contiguous rooms and two balconies with south exposure, Penthouse 17 at 109 East 79 is a magnificent residence meticulously designed by Steven Harris Architects. Offering five bedrooms and a library, five ensuite bathrooms, and a powder room, this gracious home features 10’2" ceilings and south, east, north and west exposures.
2 Available Listings for Sale from $5.5M

200-Amsterdam-Avenue-01 200 Amsterdam Avenue, #37A (Brown Harris Stevens)
From the Listing:
Occupying the entire 37th floor of 200 Amsterdam, this sprawling 5,453-square-foot, five-bedroom, five and a half-bath condominium offers an elegant, modern plan where every room within offers dazzling views. A 116’ long terrace runs the entire length of the eastern perimeter of the residence. Features include ceiling heights of up to 10’, high performance central heating and cooling systems for individual climate control, air filtration, sound attenuation technology, dedicated laundry areas with washing machines and fully vented dryers, pre-wiring for cable, telephone and internet, motorized shades and high performance windows with Low-E coating and UV protection.
16 Available Listings for Sale from $4.3M
2 Available Listings for Rent from $10,500/month

280-West-11th-Street-01 280 West 11th Street, #TH (Brown Harris Stevens)
From the Listing:
280 West 11th Street is an elegant 25.67-foot-wide Federal townhome located on beautiful West 11th Street between West 4th Street and Bleecker Street. This six story home is now vacant and waiting for your creativity and imagination to create a grand mansion overlooking a massive garden. Originally built as of one of nine houses in 1818 for clothing merchant Aaron Henry, the home was redesigned by Emilio Levy in 1929 for C. Rosenthal and famed artist, pacifist, and feminist Anita Parkhurst Wilcox. With nearly 8,000 square feet of living space, eight wood burning fireplaces, and being part of an exclusive private garden club, this home presents a very rare opportunity in the West Village.

60-Collister-Street-01 The American Express Carriage House, #3A (Compass)
Tribeca condos
Tribeca lofts
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.

720-Park-Avenue-01 720 Park Avenue (CityRealty)
720-Park-Avenue-02 #12A (Sotheby's International Realty)
From the Listing:
Perched up high within one of Candela’s most prestigious and sought after prewar coops, this one of a kind residence boasts extraordinary scale and baronial proportions. With massive frontage along Park Avenue, the glorious and sun flooded rooms are perfectly suited to the grandest entertaining and the most gracious living. Noteworthy details include soaring ceilings as high as 14"9’, immaculate hardwood floors and marvelous period stone embellishments and mantle pieces. The private entry vestibule opens to a spectacularly grand gallery with a vaulted cathedral ceiling. The massive living room is distinguished by extraordinary 18th century English wood paneling and a wood-burning fireplace.
1 Available Listing for Sale for $10.7M

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