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The Cortland The Cortland
From August 21-27, 2022, Manhattan's top residential real estate sale was #11D at 15 Central Park West, which closed for $28,000,000. The transaction appears to have taken place in an off-market deal, and the seller was identified as the William Kourakos Revocable Living Trust. The buyer was identified only as Moonlight Property LLC, and also bought a storage unit in the building for $2,450,000.
Indeed, the past week was a good week for buildings designed by Robert A.M. Stern Architects: Not only did an apartment at 15 Central Park West have the highest-priced sale, but closings have commenced at The Cortland, the West Chelsea building designed in collaboration with Olson Kundig. The majority of the five recorded closings have come in at or above asking price, and the average closing price of $2,720 per square foot comes in above the $2,315 per square foot average recorded in CityRealty's High Line Index.
High Line Index High Line Index (CityRealty)
However, in spite of The Cortland's recent success, none of its closed sales ranked high enough for the top five. The highest-priced downtown sale and second-highest overall took place at celebrity favorite 150 Charles Street in the West Village. Apartment #3DS closed for $15,500,000. The seller was listed as John McMonagle, founder and partner of hedge fund Candelo Capital Management. The buyer was identified only through an LLC, but perhaps that is understandable - previous residents at 150 Charles Street have included Jon Bon Jovi, Ben Stiller, and Irina Shayk.

Top Sales
15-Central-Park-West-01 15 Central Park West (CityRealty)
13 Available Listings for Sale from $3,995,000
3 Available Listings for Rent from $15,000/month

150-Charles-Street-01 150 Charles Street (Compass)
3 Available Listings for Sale from $7,500,000
1 Available Listing for Rent for $35,000/month

217-West-57th-Street-01 Central Park Tower (Extell)
14 Available Listings for Sale from $6,500,000
2 Available Listings for Rent from $25,000/month

35-Hudson-Yards-01 35 Hudson Yards (Corcoran)
From the Listing:
This expertly planned four bedroom residence boasts 10’10" ceilings, lavish satin finish wide plank French oak floors, and stunning views of the Hudson River from every room. The expansive corner Great Room and separate dining room make this the perfect home for entertaining! The windowed eat-in kitchen has been outfitted with luxurious Smallbone of Devizes cabinetry with opal white marble counters and backsplash. Full suite of Gaggenau appliances, inclusive of a wine fridge and coffee maker, truly make this kitchen extraordinary. The corner primary bedroom boasts two large walk-in closets and a luxurious windowed primary bathroom which is wrapped in stunning iceberg quartzite, complete with stunning double vanity with Kinon panels, and full depth soaking tub. The second, third, and forth bedrooms are all equipped with en-suite baths. The utility room with side-by-side washer/dryer, and handsome onyx-clad powder room, are both conveniently located off the main hallway. No detail was overlooked in this truly exquisite home.
14 Available Listings for Sale from $5,000,000
3 Available Listings for Rent from $28,000/month

From the Listing:
This corner three bedroom, three-and-a-half-bathroom residence offers quintessential Central Park views from an elevation of 400 feet. Soaring 14' ceiling heights and 7' wide floor-to-ceiling glass panels allow for an abundance of natural light throughout the home.

The formal entry foyer and gallery lead to an expansive great room featuring both north and east facing views. The open gourmet kitchen is complete with custom cabinetry by Smallbone of Devizes and premium Miele appliances. The intelligently designed floor plan features three en-suite bedrooms and a separate powder room. The primary bedroom suite features an oversized walk-in closet and a luxurious marble-clad bathroom.
14 Available Listings for Sale from $6,500,000
2 Available Listings for Rent from $25,000/month

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