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817 Fifth Avenue via Brown Harris Stevens 817 Fifth Avenue via Brown Harris Stevens
Over the past seven days, the closed sales recorded in Manhattan aggregated to $400.7 million with an average price of $2.44 million from 164 closings. This is up from last week's total of $360.3 million.

The 75 condo sales aggregated to $309.2 million, averaging $4.122 million, or $1,995 per square foot. The 86 co-op sales aggregated to $88.98 million and averaged $1.024 million.
With a closing price of $99,903,375, #PH76 at 220 Central Park South is at the top of last week's sales. The four-bedroom, 8,200-square-foot penthouse also has 850 square feet of private outdoor space, which may be among the highest private terraces in New York City.

The second-highest sale took place at 17 Jane Street, a new West Village condominium that has kept a low profile and not publicly listed units. A duplex townhouse sold for $21,949,375. The top five sales were rounded out by high-profile listings - two at towering new additions to the skyline, and one sold by Academy Award-winning actress Jennifer Lawrence.
On the contract side, the past few weeks show that it is impossible to predict what effect the COVID-19 pandemic and the economic fallout will have on the real estate market. One week after last week's high of 15 contracts, only three contracts for Manhattan apartments priced $4 million and up were signed from July 27 to August 2. This week's total asking price sales volume came to $26,220,000.
Olshan Realty's market report notes that this the lowest total since the third week in May, at a time when the city was on lockdown and traditional showings were not allowed. But interestingly enough, the top contract of the week - #5 at 817 Fifth Avenue, asking $10.975 million - was signed by buyers who initially viewed the apartment via FaceTime. Confidentiality agreements prevent the brokers from going into greater detail, but they did note that buyers flew to New York to view the apartment in person before signing the contract.
The second-highest contract of the week took place at 111 Leroy Street, where #6 was asking $9.75 million. The developer of the new Hudson Square condominium notes that the deal was negotiated pre-pandemic, but the buyer took a pause to see how things would shake out, then renegotiated after the city opened again.

Top Sales

1. 220 Central Park South, #PH76 – $99,903,375 ($12,164 / ft2)

Midtown West | Condo | 4 beds, 5 baths | 8,200 ft2
220-Central-Park-South-01 All images of 220 Central Park South via Vornado Realty Trust

2. 17 Jane Street, #TH-W – $2,1949,375 ($4,312.25 ft2)

West Village | Condo | 4 beds, 4 baths | 5,090 sq ft
17-Jane-Street-01 Rendering of 17 Jane Street via Sciame
17-Jane-Street-02 Floor plans via Edward J. Minskoff Equities

3. One57, 157 West 57th Street, #67A – $17,220,000 ($3,841.18 ft2)

Midtown West | Condo | 3 beds, 4.5 baths | 4,483 ft2
157-West-57th-Street-01 One57 via Extell Development Company

4. Fifteen Hudson Yards, 15 Hudson Yards, #PH87C – $17189587 ($ ft2)

Midtown West | Condo | 3 beds, 3.5 baths | 5,118 ft2
15-Hudson-Yards-01 Fifteen Hudson Yards via Related Companies/Oxford Property Group

5. The Laurel, 400 East 67th Street, #PH31 – $9,990,000 ($2,452.74 ft2)

Lenox Hill | Condo | 4 beds, 4.5 baths | 4,073 ft2
400-East-67th-Street-01 All images of The Laurel via Compass
From the listing:
Arrive to your large private vestibule via key lock elevator and prepare to be awed by this sprawling penthouse with 12' ceilings, amazing 360-degree views and two floors of extraordinary landscaped outdoor space equipped with a kitchen, built-in ping pong table and numerous seating areas. Opaque glass front doors, with beautiful wrought iron detail, lead to the tremendous 53' × 21' great room with 12' ceilings. This room graciously accommodates a substantial dining area and double living room, separated by a two-sided limestone gas fireplace. Walls of windows in this extraordinary room and throughout the home offer open west, south, north and east city views encompassing the East River, 59th Street bridge and downtown Manhattan as far as the eye can see.

Top Contracts
Upper East Side | Condo | 4 beds, 4 baths | 3,450 ft2
817-Fifth-Avenue-01 All images of 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 Master 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.

Hudson Square | Condo | 4 beds, 4.5 baths | 3,370 ft2
111-Leroy-Street-01 All images of 111 Leroy Street via Douglas Elliman
From the listing:
Comprising the entire sixth floor, this 3,370-square-foot, 4-bedroom, 4.5-bathroom residence enters from a keyed elevator to a private vestibule, an appropriately gracious arrival to the exceptional home beyond, abounding with bespoke details and supreme craftsmanship in an entirely custom design by the esteemed Workshop/APD. Through the commanding blackened metal entry door, a formal cove-lit foyer segues to the massive 28' x 23'3 great room with ceilings up to approximately 14'0, where striking proportions and a serene yet distinguished palette of finishes foster an elegant, warm, loft-like sensibility, and floor-to-ceiling windows bathe the space in southern and western light. The adjoining windowed chef's kitchen features rich book-matched walnut millwork with blackened metal trim, honed Statuary marble countertops and waterfall island, Flos blackened steel track lights, and top appliances by Sub-Zero, Wolf, and Miele, including a 36-inch integrated refrigerator/freezer, 36-inch 5-burner gas cooktop, 30-inch wall oven, 30-inch steam oven, 30-inch microwave oven/warming drawer, integrated coffee maker and integrated dishwasher.
8 Available Listings from $6.45M

Upper West Side | Condo | 4 beds, 4.5 baths | 2,930 ft2
60-Riverside-Boulevard-01 All images of The Aldyn via Keller Williams
From the listing:
Living here means experiencing a truly turnkey, spectacular showplace. A gracious entry foyer introduces the elegance, with airy 11' ceilings, Brazilian cherry wood floors, and refined finishes at every turn. The spacious open-concept floorplan affords a seamless flow for entertaining, with a generous living and dining room brightened by walls of glass. Serve coffee or cocktails on your lovely balcony high above the river. The sleek kitchen is tailored to the chef, impeccably appointed with teak cabinetry, Blizzard quartzite countertops, a Caldia marble butcher block, and premium Miele and Smeg appliances. Relax in the open eating area and family room while gazing out at the soothing water and passing boats.

Occupying its own wing is the master retreat with western river views, abundant closet space including two large walk-ins, and a spa-inspired 5-fixture en-suite bath, with a Bianco Dolomite double vanity and floor, deep soaking tub by Zuma, and glass-enclosed shower. Three bedroom suites with private baths sit at the eastern wing for the comfort of family and guests. All baths are beautifully designed with brushed nickel Waterworks fittings and high-end fixtures. The powder room is additionally styled with a custom solid teak sink and back-lit lighting. Other highlights include motorized solar shades in every room plus blackout shades in bedrooms, top-grade Elan sound system throughout, a wine fridge, washer-dryer by Miele, central air, and a large basement storage unit.
10 Available Listings from $1.6M

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