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Unit 61B in One57 (Extell) Unit 61B in One57 (Extell)
The Fourth of July did not slow down the Manhattan luxury market last week – 20 contracts were signed at $4 million and above, according to Olshan's latest market report. For the fifth time this year, the top contract came from a co-op: 14C at 888 Park Avenue, a four-bed, four-bath spread asking $14 million. It's been on the market since February 2017 and although has a ton of lovely pre-war features, like a wood-burning fireplace and library, it needs a renovation. The second contract came from the Rafael Vinoly-designed 277 Fifth Avenue, where a 2,333-square-foot condo was signed for $12 million. Out of the 28 listings that have come on the market so far, only 7 are not in-contract.
As for closings, the most expensive sale came from sponsor unit #61B at One57, which was discounted (19 percent) from $29 million to $23.5 million. The Jeffrey Beers-designed residence spans over 4,000 square feet and was bought by Giri Chakravarthi of Hudson Pacific Capital Partners. According to The Real Deal, this is one of five recent sales that contributed to the supertall's best sales quarter since the end of 2016, and discounts given by Extell was certainly a factor.
Last Week's Top 5 In-Contract:
4 beds, 4 baths | square feet n/a
Listed Feb 2017 (Halstead)
From the listing:
An elegant private elevator vestibule opens onto the 34-foot gallery of this classic high floor prewar ten-room apartment with high ceilings and impeccably maintained herringbone hardwood floors. Perfectly located on Park Avenue at 78th Street, the apartment, which is in the most desirable C line, has sunny east, west and north exposures. Four principal rooms of the apartment have oversized picture windows overlooking classic Park Avenue buildings.
No Available Listings, See Building Profile
3 beds, 3 baths | 2,333 square feet
Listed Jul 2, 2018 (Corcoran)
From the listing:
Soar high above Fifth Avenue in this one-of-a-kind double-height Loggia Residence on the 50th floor at 277 Fifth Avenue. Spanning the entire western facade with north and south corner exposures, this home is a gracious 2,333 SF (217 SM) 3BR/3.5BA with a 206 SF (19 SM) outdoor loggia terrace space. 20 ceilings in the residences living room and loggia create dramatic spaces while panoramic views Midtown and Downtown include the Empire State Building, the Chrysler Building, One World Trade, and the Hudson River.
7 Available Listings from $1.799M
4 beds, 4.5 baths | 4,447 square feet
Listed Nov 1, 2016 (Toll Brothers)
From the listing:
The largest and most dramatic residence at 100 Barrow, this duplex features multiple exposures and a gracious 749 SF terrace. On the lower entry level of the 4-bedroom, 4 -bathroom residence is an expansive living-dining area, an open kitchen, and a secluded guest suite, as well as a secondary sitting room or library. Upstairs are private en suite guest rooms, a playroom, and a master suite. Landscaped terrace feels like a private garden in the sky, with a fire pit and built-in barbeque perfect for casual outdoor entertaining.
2 Available Listings from $3.32M
4 beds, 4.5 baths | 3,129 square feet
Listed Jul 5, 2018 (Douglas Elliman)
From the listing:
This extraordinary 3,129 square feet, floor-through four bedroom, four and half bathroom residence features vibrant north and south exposures, 10 foot ceilings, fully restored, oversized mahogany windows, and white oak floors with chevron and plank patterns throughout. Get swept away upon arrival into this grand home, where a formal entry leads to a sprawling great room, perfect for living and entertaining.
11 Available Listings from $3.2M
4 beds, 4.5 baths | 3,000 square feet
Listed Jun 29, 2018 (Douglas Elliman)
From the listing:
This sprawling and stunning floor-through, four bedroom, four and a half bathroom home epitomizes timeless glamor, luxury, and elegance over its generous 3,000 square feet. Beauty abounds with vibrant north and south views, 10 foot ceilings, fully restored, oversized mahogany windows, and white oak floors with chevron and plank patterns throughout.
11 Available Listings from $3.2M
See the full list at Olshan Realty Inc. →
Last Week's Top 5 Closings:
3 beds, 3.5 baths | 4,193 square feet
Last Sold on Jun 27, 2018 (Extell Marketing)
From the listing:
The half floor three bedroom, three and a half bath residence delivers the sophistication, elegance and scale that one would expect from ONE57. Tasked with creating a turnkey home on the 61st floor, JBI designed an elegant and modern unit. Jeffrey Beers layered the interiors with warm furnishings and luxurious finishes to create an oasis designed for entertaining.
18 Available Listings from $3.395M
4 beds, 4 baths | square feet n/a
Last Sold on Jun 28, 2018 (Corcoran)
From the listing:
This extraordinary 12-room residence features a private elevator landing that leads to outstanding entertaining rooms with grand proportions, soaring 12.5-foot ceilings and unparalleled views. Floor-to-ceiling picture windows perfectly frame mesmerizing views of the East River and beyond. A stately 29-foot gallery leads to an elegant 32-foot x 20-foot Living Room with wood-burning fireplace and three large scale windows overlooking the East River, as well as a magnificent corner Library which opens into a fully landscaped wrap-around South terrace floating above the East River.
No Available Listings, See Building Profile
4 beds, 3.5 baths | 3,800 square feet
Last Sold on Jun 28, 2018 (Compass)
From the listing:
Let 50 Warren draw you in. This 3,800 s.f. floor-through loft, spanning a full city block end to end, has just been renovated to the most exacting degree and impeccable style, and given the crisp, airy interior this utterly elegant space calls for. With windows on four sides, 12-foot ceilings, and a graceful flow from room to room, the home seems to simply float.
1 Available Listing for $4.35M
3 beds, 3.5 baths | 2,351 square feet
Last Sold on Jun 27, 2018 (Douglas Elliman)
From the listing:
Panoramic serenity in this extraordinary 2,351 sq ft residence conceptualized by Ian Schrager and designed by Herzog & de Meuron, featuring 11' ceilings and sweeping, iconic views of the Hudson River, City Skyline, and Statue of Liberty. Masterfully designed for the modern lifestyle, the residence's open floor plan accommodates gracious living and entertaining, while maximizing light and offering an abundance of wall space for art.
7 Available Listings from $5.55M
2 beds, 2.5 baths | 1,728 square feet
Last Sold on Jun 26, 2018 (Douglas Elliman)
From the listing:
A dramatic entrance gallery leads you into an open floor plan with a gracious living and entertaining space, while maximizing light and views. A custom designed, Bulthaup Kitchen with Scandinavian Larch wood cabinets and hand selected Sivec marble slab countertops and backsplash. Fully integrated appliances include a Sub-Zero refrigerator/freezer, Wolf oven, Gaggenau cooktop, Miele dishwasher, Sub-Zero wine refrigerator, Wolf coffee/espresso machine and a Wolf steam oven.
7 Available Listings from $5.55M
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Content Specialist Sandra Herrera Sandra Herrera is a writer, editor, and graphic designer based in Brooklyn, NY.