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A blog from CityRealty (Links below will take you to the 6sqft site)


640 Park Avenue, one of the city's most discerning co-ops, made the top spot 640 Park Avenue, one of the city's most discerning co-ops, made the top spot
A simple look at the numbers in the Olshan weekly market report shows that the Manhattan real estate is as strong as ever: 24 contracts were signed in Manhattan for over $4 million. However, money alone can't buy access to certain New York buildings. That makes it all the more remarkable that the top spot of the past week is occupied by a 17-into-14 simplex at 640 Park Avenue, a J.E.R. Carpenter-designed building and one of the city's most discerning and exclusive co-ops. The 6-bedroom, 6.5-bath apartment went into contract for $21 million, down from $25 million when it went on the market in February 2017.

An appreciation for architecture comes through in this week's top five in-contract listings. A half-floor condo at the Rosario Candela-designed 12 East 88th Street entered contract for $9.5 million after just under three months on the market. A few blocks away, a sprawling 5-bedroom, 5-bath co-op at 950 Park Avenue, another J.E.R. Carpenter design, entered contract for $8.25 million just as quickly.

While buyers are willing to pay top dollar for the old school of architecture, the new school makes an impressive showing at 565 Broome Street, the Pritzker Prize-winning Renzo Piano's first New York residential project. A 4-bedroom, 3.5-bath condo with a private terrace and pool entered contract for $15.5 million. Check out the top five in-contract listings below.
Last Week's Top 5 In-Contract Listings
6 bedrooms, 6.5 baths
640-Park-Avenue-1 Listing entered contract on June 7, 2018 (Sotheby's)
640-Park-Avenue-2 Master bedroom with wood-burning fireplace
640 Park Avenue #7FL floor plan #7FL floor plan
From the listing:
Accessed via a private elevator landing, this immensely gracious full-floor apartment is filled with sunlight throughout from four exposures. An elegant 25'6" gallery with wood-burning fireplace leads to a truly impressive suite of entertaining rooms which span 65' along Park Avenue and include a beautifully proportioned corner living room, an enormous dining room and a wood-paneled library. The south-facing bedroom wing is set apart from the public rooms by an exceedingly wide 7' gallery hallway.
4 bedrooms, 3.5 baths | 3,576 ft2
565-Broome-Street-1 Listed in contract June 5, 2018 (Douglas Elliman)
565-Broome-Street-2 City views
565 Broome Street #N16B floor plan #N16B floor plan
From the listing:
565 Broome SoHo is Pritzker Prize-winning architect Renzo Piano's first New York City residential project and comprised of only 22 residences. A breathtaking corner great room overlooks the spectacular 2,200-square-foot private terrace with a heated saltwater pool, outdoor kitchen, and outdoor shower. Floor-to-ceiling glass wraps this expansive space allowing for abundant natural light and spectacular north and east-facing vistas.
11 Available Listings from $2.38M
3 bedrooms, 3 baths | 2,656 ft2
1-Central-Park-South-1 Listing entered contract June 4, 2018 (Corcoran)
1-Central-Park-South-2 Central Park views
1 Central Park South #601 floor plan #601 floor plan
From the listing:
Spanning over 2,656 square feet at The Plaza Private Residences, this meticulously designed and exquisitely renovated condominium beholds over-12' ceilings, tremendous light, and awe-inspiring Central Park views. As you enter the grand foyer you are immediately mesmerized by the attention to detail by New York based designer Stephanie Stokes. The grandiose living room features exceptional ceiling height and volume that permits exceptional light throughout the living room and dining room.
24 Available Listings from $975K
5 bedrooms, 5 baths | 3,690 ft2
12-East-88th-Street-1 Listing entered contract June 9, 2018 (Corcoran)
12-East-88th-Street-2 Master suite
12 East 88th Street #10B floor plan #10B floor plan
From the listing:
Designed nearly a century ago by the famed Gilded Age architect, Rosario Candela, 12 East 88th Street offers a rare pedigree. #10B is a classic prewar condominium residence updated with modern conveniences, finishes, and features. The generously-scaled living/dining room, study, and kitchen face landmarked East 88th Street, offering charming, historic views of the block's landmarked townhomes.
6 Available Listings from $3.25M
5 bedrooms, 5 baths | 4,500 ft2
950-Park-Avenue-1 Listing entered contract June 4, 2018 (Corcoran)
950-Park-Avenue-2 Gracious gallery leading to all entertainment rooms
950 Park Avenue #2B floor plan #2B floor plan
From the listing:
This gracious and elegant 12-room residence in a J.E.R. Carpenter-designed co-op occupies the building's entire facade along Park Avenue (a span of 90 linear feet) with two major entertaining rooms along 82nd Street. This sprawling home offers grand scale rooms, 10' ceilings, and spectacular light streaming in through oversized windows. The one-of-a-kind corner living room, measuring 34' x 16', features a wood-burning fireplace and three oversized windows providing abundant light.
2 Available Listings from $2.725M
See the full list at Olshan Realty Inc. →
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Content Specialist Michelle Mazzarella Michelle is a contributing writer and editor for real estate news in New York City
Luxury Homes in Midtown | Newly Renovated Studio-2BR Homes View Property
Spacious 1 Bedrooms with outdoor space and in-residence w/d View Property
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