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For the final week of October 2020, 107 market-rate residential transactions were recorded on the island of Manhattan. While this amounts to $204 million in closed deals, this is nearly 50% off in weekly transactional volume during the same time this year, where the final full week of October 2019 had 206 apartments sold amounting to $331 million in closed sales. Nevertheless, in year of never-ending uncertainty, evidence of confidence in Manhattan's high-end market still exists.

55 condo deals aggregated to a total of $148.4 million in closings and came to a mean of $1.49 million, or $1,411 per square foot. The top sale of the week was a full-floor home at 520 Park Avenue, which went for $18,300,000 in an off-market deal.
While the sale at 520 Park Avenue is rather unexceptional in the Robert A.M. Stern-designed tower, which had four deals eclipse $60 million, the second-highest sale of the week came from the coastal glass-clad community of Waterline Square, where a high-floor home at One Waterline Square sold for $15,500,000, or $4,097 per square foot. This is the highest price per square foot sold in the three-building complex, and the only sale to have broken $10 million. Closings began in March 2020, shortly after the development opened for occupancy, and have so far racked up 91 closed deals amounting to $323,867,758 of apartments sold in both condo towers, One Waterline Square and Two Waterline Square. (Three Waterline Square is all rentals.)

One family's purchase of eight apartments for nearly $27 million accounts for a small fraction of that total. The buyers plan to rent out the apartments, which they perceived as a safe investment at the height of the coronavirus pandemic. Indeed, the complex had installed state-of-the-art MERV-13 and MERV-14 air filters long before the first case was ever reported, further adding to its appeal beyond spectacular views, sumptuous interiors, and endless amenity offerings.

812-Fifth-Avenue-01 Nelson Rockefeller via Wiki Commons; 812 Fifth Avenue via Compass
From October 26-November 1, a total of 17 contracts were signed for Manhattan apartments and townhouses priced at $4 million and up. The number of contracts is only up by one from last week, but Olshan Realty's market report observes that the asking price volume of $184,719,000 significantly jumped to bring it to the highest volume since the first week of March 2020 (in other words, just before New York City went on lockdown).

The top contract of the past week was also the highest of the entire pandemic period and the second-highest contract of 2020 overall: a garage at 322 West 11th Street marketed as a mega-mansion and listed for $45 million. A non-disclosure agreement prevented seller's broker Jim St. Andre of Compass from commenting on the deal, but he observed that the location was a key draw.

The West Village was also home to the week's top apartment contract, a penthouse at 166 Perry Street asking $20 million. It was quite a week for eye-catching new construction, but the classics have not been forgotten: An apartment at the J.E.R. Carpenter-designed 812 Fifth Avenue, asking $11.5 million and once owned by Nelson Rockefeller, rounds out the top five contracts.

Top Sales
1. 520 Park Avenue, #20 – $18,300,000

Upper East Side | Condo | 4 beds, 6 baths | 4,613 ft2
520-Park-Avenue-01 520 Park Avenue via Zeckendorf Development
2 Available Listings from $22.5M

2. One Waterline Square, 10 Riverside Boulevard, #36A – $15,500,000 ($4,097 / ft2)

Riverside Drive/West End Avenue | Condo | 4 beds, 5 baths | 3,783 ft2
10-Riverside-Boulevard-01 One Waterline Square via The Corcoran Group
From the listing:
This sprawling four-bedroom, four-bathroom residence with a powder room commands views to the south overlooking Downtown and west to the Hudson River through floor to ceiling windows with double exposure in the living room. The main suite features Hudson River views and two spacious closets. Each additional bedroom enjoys the privacy of an en suite bathroom and sweeping southern city and river views to enjoy a glorious sunset. The elegant open kitchen opens to an adjoining spacious dining room bathed in light from southern exposure. The laundry room includes a utility sink and large closet to ensure ample storage.
6 Available Listings from $3.8M

3. 817 Fifth Avenue, #5FL – $9,999,000 ($2,976 / ft2)

Upper East Side | Condo | 4 beds, 4 baths | 3,800 ft2
817-Fifth-Avenue-01 817 Fifth Avenue via Brown Harris Stevens
From the listing:
The fifth floor at 817 Fifth Avenue retains all the elegance and perfection of its original classic prewar layout, offering a flawless flow of entertaining and living space. Directly overlooking Central Park is an oversized formal living room with a wood-burning fireplace, a formal dining room and a glamorous corner primary bedroom suite. With approximately 50 feet of park frontage, all these rooms offer spectacular Central Park views through unusually tall 6' windows.

Perfectly situated adjacent to the living room is a huge library/den, and all along the building's northern facade are three additional bedrooms, each of which has marvelously grand proportions, with abundant windows and light and overlooking beautiful, tree-lined 63rd Street. The windowed, eat-in kitchen area is massive, including a butler's pantry and breakfast room. Currently used as a sitting room, one chamber could be repurposed to function as a home office or additional bedroom, as per your needs. In addition, there is a service room, a laundry room and there are 4 full-windowed bathrooms with the ability to add another powder room, if so desired.

15-West-61st-Street-01 The Park Loggia via The Corcoran Group
17 Available Listings from $1.39M

5. The Park Loggia, 15 West 61st Street, #22A – $6,405,206 ($3,343 / ft2)

Lincoln Center | Condo | 3 beds, 3 baths | 1,916 ft2
From the listing:
Ideally situated on the prime south and east exposures of The Park Loggia, a brand new condominium in Manhattan's most coveted location. Residence 22A is a light filled three bedroom, two and a half bathroom featuring private outdoor space with views of Central Park and Columbus Circle. A gracious entry gallery with wide plank white oak floors leads to a chef's kitchen featuring a quartzite countertop, breakfast bar and full Miele appliance package, including double ovens and a wine refrigerator. The master suite has access to the outdoor space and features a large walk-in closet and spacious five-fixture marble master bathroom. Two additional south-facing bedrooms, a powder room and GE washer and vented dryer complete the package. Nearly 20,000 square feet of thoughtfully planned amenities, designed by AD 100 designers Pembrooke & Ives, includes ample indoor and outdoor spaces for entertaining, dining, fitness, and leisure activities to suit every taste.
17 Available Listings from $1.39M

Top Contracts
West Village | Townhouse | 5 stories
332-West-11th-Street-01 332 West 11th Street via Compass
From the listing:
332 West 11th Street represents the most rare breed of properties in the highly coveted West Village: an ultra wide building suitable for a mansion-sized single-family home. Measuring in at 50 feet of width with ceiling heights up to 14 feet, approximately 30,000 square feet of interior space, 5,000 square feet of rooftop terrace space and a curb cut, 332 West 11th offers the vast scale and volume associated with the few properties of its ilk. In fact, there are only 11 properties in the West Village that are over 40 feet wide that have been converted to, or are in the process of being converted to, single family homes. This is truly the most exclusive club in the most sought after neighborhood in the city.

332 West 11th also offers something that none of its peer mansion properties possess: sweeping penthouse grade views across Manhattan and outdoor space that rivals the finest penthouses in the city. One of the only drawbacks to owning a large single family home in Manhattan is that they typically do not have views, no less top of the world, iconic views. However, 332 West 11th's singular location among the low rise buildings of the Village position it perfectly to capitalize on epic midtown, Village and Hudson River views.

West Village | Condo | 6 beds, 5.5 baths | 6,845 ft2
166-Perry-Street-01 166 Perry Street via Nest Seekers
From the listing:
Features of this 6,845-square-foot home include stunning hardwood floors, wall-to-wall floor-to-ceiling windows with quadruple exposure and Hudson River views, wood-burning fireplaces, central heating and cooling, a laundry room with built-in storage and a utility sink and washer/dryer, an in-home gym with state-of-the-art equipment, a home office, and a pair of 78-foot-long terraces of 2,300 square feet, with lounge furniture, planters, and a private pool.

The lower level of the home flows into formal living and dining rooms with river views and an abundance of natural light. The living room boasts a wood-burning fireplace and leads into a lovely lounge adorned with a billiards table and a full wet bar. Just off the dining room is a spacious kitchen equipped with an eat-in island, custom two-tone cabinets, sleek countertops, a breakfast nook, and a suite of high-end stainless steel appliances from Wolf, Miele, and Sub-Zero. A pair of bedrooms with sublime en suite bathrooms and custom closets finish the lower level.
2 Available Listings from $2.5M

Midtown West | Condo | 5 beds, 7 baths | 4,508 ft2
53-West-53rd-Street-01 53W53 via The Corcoran Group
From the listing:
This expansive half-floor five-bedroom residence features north, south, east, and west exposures with floor-to-ceiling glass, high ceilings and gracious proportions with custom design by New York-based architect, designer and artist Thierry Despont. Demonstrating extraordinary quality and craftsmanship, the interiors include 4" wide plank solid American oak floors, elegantly crafted furniture-grade 9' tall walnut doors with custom designed bronze hardware inspired by the towers distinctive silhouette. The luxurious kitchen is crafted by Molteni with custom white back-painted glass cabinetry, polished statuary marble countertops and backlit backsplash complete with a suite of premium appliances by Miele and Sub-Zero. The signature master bath is clad in Noir St. Laurent marble, golden travertine and Verona limestone and features a custom carved stone vanity and Thierry Despont designed round polished-nickel vanity mirrors with storage that can be raised or lowered according to ones height. The master bath and all en suite secondary baths feature radiant heat floors and Dornbracht fittings.
17 Available Listings from $2.7M

Tribeca | Condo | 6 beds, 5.5 baths | 6,443 ft2
7-Hubert-Street-01 The Hubert via Douglas Elliman
From the listing:
Total privacy with two private entrances, two private outdoor spaces, and private garage! Three Collister Street is a sophisticated townhouse with five bedrooms, four full baths, and two half baths. Its own private garage and elevator as well as access to all the luxury amenities and white-glove services of the 7 Hubert condominium make this a truly rare and special home.

As you step inside, you are instantly drawn to the enormous, light-filled great room with its 20' floor to ceiling windows that perfectly frame the home's private landscaped garden against a backdrop of open sky. With the open chef's kitchen (Sub-Zero and Thermador appliances) and large dining area right off the great room, the main level of this home is ideal for seamless indoor-outdoor entertaining as well as cozy game nights by the fireplace.
4 Available Listings from $7.25M

Upper East Side | Co-op | 4 beds, 4.5 baths
812-Fifth-Avenue-01 812 Fifth Avenue via Compass
From the listing:
Own a full floor of American history on Fifth Avenue: exceptional residence available for the first time in almost 60 years. Seventy five feet of unobstructed views overlooking all of Central Park unfold at this rare white-box opportunity, ideally situated in the heart of the most desired block on Fifth Avenue.

This storied home was acquired in 1963 by the 41st Vice President Nelson Aldrich Rockefeller. Mr. Rockefeller broke through the building's South wall and connected to 810 Fifth Avenue; installing a flight of six shallow steps to his home on the 12th floor. After his death in 1979, the apartments were re-divided and the 15th floor is now being offered for the first time since the original sale.

Situated on the 15th floor of the storied white-glove cooperative, this gracious 3,990-square-foot gem boasts an expansive 295-square-foot terrace. The generous light-filled interiors await your customization. Boasting nine rooms, with four bedrooms and plans for a fifth, there are several floor plan possibilities available to suit your needs. Your private elevator opens into a spacious gallery introducing an upscale ambience for luxury living and entertaining.

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