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Central Park Tower, home of the past week's top sale, via Extell Development Company Central Park Tower, home of the past week's top sale, via Extell Development Company
It remains to be seen what effect inflation and the S&P500's woes will have on the economy as a whole, but the turmoil has acted as a shot in the arm for New York real estate. Kate Wollman-Mahan of Coldwell Banker Warburg says that her clients have been acting with a sense of urgency because “they feel real estate will be a solid hedge against inflation.” Melissa Cohn, Regional Vice President and Executive Mortgage Banker of William Raveis Mortgage, reported that her markets in New York were as busy during the week of Christmas 2021 as they were in October, saying people were accelerating their purchase plans because of the possibility of rising interest rates. Add in the return of international buyers who had been shut out over the past several months, and it's little wonder that the holiday season, typically a quiet time for the real estate market, was exceptionally busy in 2021.

In this article:

220 Central Park South
220 Central Park South Midtown West
941 Park Avenue
941 Park Avenue Carnegie Hill
15 Hudson Yards
15 Hudson Yards Midtown West
The Greenwich Lane, 160 West 12th Street
The Greenwich Lane, 160 West 12th Street Greenwich Village
The Majestic, 115 Central Park West
The Majestic, 115 Central Park West Central Park West

  • From January 16-22, 2022, a total of 274 condo, co-op, and condop sales were recorded in Manhattan
  • The aggregate total of sales was $587,697,746
  • 136 condo sales came to a median price of $1.785 million
  • Five condop sales came to a median price of $1.199 million
  • 133 co-op sales came to a median price of $762,500

217-West-57th-Street-01 Central Park South skyline with Central Park Tower in center

“There is some economic uncertainty and volatility in the financial markets which are leading people to invest in real estate, traditionally regarded as a safer asset” - Parisa Afkhami, Coldwell Banker Warburg

Despite having nearly the same count of recorded closings, the aggregate of Manhattan condo sales was more than double their condo counterparts. The median price of the 133 co-op closings came in at $762,500, less than half the $1,785,000 median price of the 136 condo sales. Indeed, four of the top five sales last week were condos, with a three-bedroom home at Central Park Tower leading the charge at $17,357,000.

The second-highest sale of the past week was a $16,500,000 four-bedroom, four and a half-bath condo at 443 Greenwich Street, the industrial warehouse-turned-luxury condo that has become a celebrity favorite. The buyer made the purchase through an LLC, but the sale takes place one week after Justin Timberlake and Jessica Biel sold their penthouse for $29,000,000, and roughly around the time New York Ranger Jacob Trouba bought a $6,700,000 unit in the building from former field hockey Olympian Stuart Grimshaw (h/t The Wall Street Journal).
Top Manhattan contracts (l-r) #PH2 at The Greenwich Lane and #37A at 200 Amsterdam Avenue both reported contracts at asking prices of $21.5 million last week
From January 17-23, 2022, a total of 27 luxury contracts at $4 million and up were signed in Manhattan. This is two more than last week, and the week's total asking price sales volume came to $217,379,999 (per Olshan Realty's market report).

This was the same week that the family office of Joseph Tsai, co-founder of Alibaba, was identified as the buyer of a $188,000,000 penthouse at 220 Central Park South. It was previously owned by hedge fund titan Daniel Och, who paid $93 million for it in 2019. The Real Deal notes that between this purchase (which includes a maid's room on a lower floor) and a $157.5 million purchase of two other units in the building, Mr. Tsai's purchases at 220 Central Park South exceed the $238 million Ken Griffin paid for his record-setting home in the building.

According to the market report, two listings tied for the top contract with an asking price of $21,500,000. #PH2 at The Greenwich Lane is a 3,905-square-foot duplex condo with 3 bedrooms, 3.5 baths, and a large private terrace off the upper-level primary suite. The unidentified seller paid $16,376,715 for it in December 2016.

The other top contract was #37A, a 5-bedroom, 5.5-bath, 5,453-square-foot sponsor unit, at 200 Amsterdam Avenue. The apartment looks out on spectacular views in all directions, and a private terrace off the living room overlooks Central Park. Closings have recently commenced at the building, coming to an average price of $2,497 per square foot.

Top Sales
217-West-57th-Street-01 All images of Central Park Tower via Extell
Billionaires Row condos
Midtown skyscrapers
From the Listing:
This three-bedroom, three and a half-bathroom residence offers luxury living at an elevation of over 540 feet complete with unsurpassed Central Park views. This home features three exposures, soaring ceiling heights nearing 11 feet and 7-wide, floor-to-ceiling glass panels allowing for an abundance of natural light throughout the home.

The formal entry foyer and gallery lead to an expansive great room enhanced by north and east facing views. The gourmet kitchen with a large windowed breakfast room is complete with custom cabinetry by Smallbone of Devizes and premium Miele appliances. The south and east-facing primary bedroom suite features spectacular city views, two oversized walk-in closets and a luxurious marble-clad primary bathroom.
14 Available Listings for Sale from $7.45M
2 Available Listings for Rent from $25,000/month

443-Greenwich-Street-01 All images of 443 Greenwich Street via Sotheby's International Realty
Tribeca condos
Tribeca condo conversions
From the Listing:
Impossibly airy and flooded with light, this four-bedroom residence, on an enviable corner of a landmarked building, is the essence of unique contemporary style. Ceilings soar to over 10 feet, and every room has a window facing out over the treetops and streets of Tribeca, maximizing the natural glow and creating a coveted sense of volume and brightness. San Francisco–based designer Douglas Durkin—a member of the elite AD 100—guided the home’s aesthetics, which are replete with intriguing hues and textures, from blond wood floors and artful mirrors and light fixtures to stunning surfaces of marble and stone.

A key-locked elevator gives way to an alluring entry, a perfect introduction to this spectacular residence. The heart of the home is a tremendously scaled open-plan living room, dining room, and kitchen with multiple seating areas, striking arched windows, sturdy wood and metal columns offering hints of industrial modernism, and abundant lovely light. A sleek, streamlined space for both cooking and dining, the kitchen includes a Calacatta marble–topped island with counter seating, distinctive pendant lighting, and top-caliber stainless-steel appliances, including two Miele dishwashers and a built-in Miele coffee maker. Nearby is a casual dining area with a chic custom banquette set beside a sunny window. At the opposite end of the room, a substantial dining area easily accommodates festive groups for more formal entertaining.
1 Available Listing for Sale for $15.2M

720-Park-Avenue-01 720 Park Avenue via CityRealty
Park Avenue co-ops Interiors via Sotheby's International Realty
Upper East Side apartments
From the Listing:
Perfectly positioned in the East 70th to 73rd golden axis of Park Avenue’s most prestigious pre-war cooperatives designed by celebrated architect Rosario Candela, 720 Park Avenue offers classic, large scale apartments with exceptional volume. Located on the ninth and tenth floors, this desirable duplex apartment has undergone a three year comprehensive renovation to create a light-filled inviting home with high ceilings, plaster walls and moldings, mahogany doors, restored and replaced hardwood floors, central air conditioning, five wood burning fireplaces, new windows and fine millwork throughout.

A private elevator landing on the 9th floor leads to the large gallery with guest powder room and attractive curved staircase with custom designed Austrian bronze railing. The impressive plaster paneled south-facing living room measures 40’ in length, with a wood burning fireplace at each end, and features four sets of handsome casement windows with open city views. There is also an adjacent spacious bar/study for entertaining and a media closet. The formal dining room has built-in bookshelves on either side of the wood burning fireplace, and a well-fitted china and crystal closet. It is served by a large pantry and kitchen with custom cabinetry and marble countertops. Adjacent to the kitchen is a substantial double aspect informal sitting room/dining room which benefits from the addition of three new window openings. A rear staircase leads the bedrooms above, and a staff room with bathroom, currently set up as a laundry room with half bath, completes this floor.
2 Available Listings for Sale from $10.7M

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220-Central-Park-South-01 220 Central Park South via Vornado Realty Trust

551-West-21st-Street-01 551W21 via Brown Harris Stevens
5 Available Listings for Sale from $2.2M

Top Contracts
160-West-12th-Street-01 All images of The Greenwich Lane via Corcoran
Greenwich Village condos
Greenwich Village apartments
From the Listing:
Perched high above the city in Greenwich Village's most sought after address, Greenwich Lane, this captivating 3-bedroom/3.5-bathroom duplex penthouse home spans 3,905 square feet and is punctuated by an impressive 1,081-square-foot wrap terrace. The entire apartment is flooded with sunlight through floor to ceiling casement windows and doors and includes an open sweep of views south to the Freedom Tower and north to the Empire State Building. The Greenwich Lane Condominium located in the heart of the Village offers direct access to an enviable collection of amenities which include a 5,000-square-foot fitness center with 25-meter swimming pool, parking garage, fantastic playroom, 21-seat screening room and resident's events room with full kitchen. A personal parking space beneath the building are available for purchase.

Entry is through a separate foyer which opens to a voluminous sunny staircase gallery. The marvelously sun-drenched Great Room with a wall of south facing floor-to-ceiling windows wows with open views over the Village to the Freedom Tower in the distance. The spacious custom chef's kitchen with separate breakfast area and walk-in pantry is equipped with every convenience and includes a wall of floor-to-ceiling windows with stunning open south views. A walk-in coat closet with separate mudroom and spacious half bath tucked away off the entry complete the main level of the duplex.
3 Available Listings for Sale from $6M
160 West 12th Street

200-Amsterdam-Avenue-01 All images of 200 Amsterdam Avenue via Brown Harris Stevens
Upper West Side condos
Lincoln Center condos
From the Listing:
200 Amsterdam marks the arrival of a new classic, perfectly composed in the heart of the Lincoln Square neighborhood on Manhattan's Upper West Side. Elegant architecture by Elkus Manfredi, genre-defying design by CetraRuddy. All rising from the epicenter of New York's most culturally and intellectually rich neighborhood.

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.

With floorplans inspired by the gracious layouts of pre-war apartment buildings, each residence at 200 Amsterdam has been reimagined for contemporary living. Residences offer 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.
19 Available Listings for Sale from $3.1M

115-Central-Park-West-01 All images of The Majestic via Sotheby's International Realty
Central Park West co-ops
Upper West Side apartments
From the Listing:
Imagine staggering views of Central Park and the dazzling Midtown skyline together with a brilliantly refined and renovated 11 into 9 Room apartment in the iconic Majestic. This exquisite, turnkey, prewar co-op with over 50 feet of frontage on the Park must be experienced in person.

Semi-private elevator landing enters onto an expansive 27-foot gallery with cerused oak paneling, parquet de Versailles flooring and custom marble base molding. To the east lies an enfilade of three rooms with stunning Park and City views — an elegant living room with wood-burning fireplace, a jewel box library wrapped in glove-soft leather, and a show-stopper solarium with unobstructed wrap corner windows beyond.

The primary suite is a study in pampered luxury with Loro Piana wallcoverings and a spectacular marble bathroom. The ingenious floorplan allows the library, solarium, bedroom and study to become a very large, private, hotel-like suite whenever the owner chooses.
5 Available Listings for Sale from $2.8M
The Majestic views

15-Hudson-Yards-01 All images of 15 Hudson Yards via Corcoran
Hudson Yards condos
Midtown West condos
From the Listing:
This is one of the last remaining penthouses on the coveted southeast corner of Fifteen Hudson Yards, where the views for miles extend past the Hudson River, Statue of Liberty, Freedom Tower and East River bridges to include, on a clear day, the Atlantic Ocean! From the moment you open the door to the wide art foyer, you are stunned by the wide open vistas. The giant great room with ceilings up to 10’10" and 13 floor-to-ceiling windows frame unforgettable Hudson River and Manhattan skyline views. The separate eat-in kitchen features a grand marble island, Bulthaup cabinetry with large pantry and Miele appliances including double ovens and wine storage, with a comfortable breakfast room for casual dining. The primary suite enjoys southerly river views, a windowed bathroom with soaking tub and large shower and generous closets (four in total). Three additional bedroom suites enjoy en-suite baths while the walk-in laundry room, service entrance and closets galore make this a truly special home!
11 Available Listings for Sale from $4.95M
2 Available Listings for Rent from $13,000/month

941-Park-Avenue-01 All images of 941 Park Avenue via Kleier Residential Inc.
Upper East Side co-ops
Carnegie Hill co-ops
From the Listing:
Elegant four-bedroom with library and four and a half baths. Meticulously designer renovated in 2018 with luxury finishes while maintaining the prewar details such as ten foot beamed ceilings, wood burning fireplace with original stone mantel, oak herringbone hardwood floors and elegant moldings.

A private elevator landing opens onto the grand entrance gallery. The magnificent south-facing living room with wood-burning fireplace and Venetian plaster walls leads to an elegant wood paneled library with custom built-ins and an exquisitely detailed powder room. Opposite the living room is a twenty-foot formal dining room with custom gold leaf ceiling, chair moldings and wainscotting. The huge open palatial chefs eat in kitchen and family room has three enormous windows, custom cabinetry, farmhouse sink by Shaws England, Sub-Zero separate full-sized refrigerator and freezer, six burner double oven Wolf gas range and two Bosch dishwashers. An ample pantry with double under the counter Sub-Zero wine coolers completes the picture.
1 Available Listing for Sale for $12M

46-Jane-Street-01 All images of 46 Jane Street via M. Woods & Associates
West Village townhouses
Village townhouses
From the Listing:
On one of the most prestigious blocks in the West Village, 46 Jane Street is a Greek Revival townhouse in a row of stately mid-19th century dwellings and is thus part of a continuous and elegant streetscape.

Like all Greenwich Village row houses, 46 Jane Street was once a one-family home and now offers an ideal opportunity to be restored to its original yet updated elegance. With a footprint of 22’ x 55’ (including the 4th floor terrace) on a 79’ lot, the scale and proportions provide a template for gracious townhouse living. The terrace has open treetop views and the south-facing garden is a secret oasis. The property is now four units with a two renovated duplexes but will be delivered vacant. Additional floor plans will be provided.

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Would you like to tour any of these properties?