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228 West 11th Street, #TH (Brown Harris Stevens) 228 West 11th Street, #TH (Brown Harris Stevens)
Manhattan Contracts:

  • From July 4-10, 2022, a total of 183 townhouses, condos, co-ops, and condops entered contract
  • The average time on the market was 90 days
  • The total sticker price sum came to $352,853,362, and the median last asking price came to $1,145,000
  • There were 80 condo deals that came to a total of $174 million. They came to a median asking price of $1,499,000 and spent an average of 78 days on the market
  • The four condop deals came to a total of $3 million and a median last asking price of $554,500. They spent an average of 99 days on the market
  • The 96 co-op deals aggregated to $144 million and came to a median last asking price of $840,000. They spent an average of 96 days on the market
  • The three townhouse deals came to a total of $32 million and a median last asking price of $4.400,000. They spent an average of 166 days on the market

The past week was a quiet one on the contracts front, with only 183 deals being signed, a number down 16% from last week. However, it should be noted that the Fourth of July holiday took place during this time, so this is not an unexpected turn of events.
The top contract of the past week was for a townhouse at 228 West 11th Street that was asking $25,000,000. Olshan Realty's market report noted that this was a fairly fast sale, having been listed in mid-May 2022. The infrastructure has recently been updated, and the interiors feature six bedrooms, five baths, and two home office spaces. The garden has a heated cabana and a hot tub. Interestingly enough, it is two blocks west of the townhouse that took last week's top contract.
The top apartment contract and second-highest overall was for #2/3 at 740 Park Avenue, the Rosario Candela-designed "tower of power" that has counted Jacqueline Kennedy Onassis, Steven Schwarzman, and Vera Wang among its residents. The buyer and seller of #2/3 were not identified, but it is safe to say they both have deep pockets: The building does not allow financing. The apartment's asking price of $13,900,000 represents a 28.7% reduction from when it was listed two years ago for the first time in over 60 years.

Top Contracts
From the Listing:
Located on one of the most desirable blocks in the West Village between West 4th Street and Waverly Place, 228 West 11th Street is a gorgeous 25-foot wide single-family townhome built in the Greek revival style. Overlooking the magnificent St. John’s church gardens from two doors down, and with townhouse gardens on both sides and behind the property, the rear south exposures of this home provide abundant garden and tree views rarely seen anywhere in New York City, especially in a townhouse. This marvelous home is approximately 6,454 square feet of interior space and 2,461 square feet of exterior space including a gorgeous south garden with a private heated gazebo and hot tub, a large terrace off the parlor floor kitchen with stairs down to the garden, a full-width terrace off the primary bedroom and a magnificent planted roof deck with a heated cabana, sound system and open views in all directions.

740-Park-Avenue-01 740 Park Avenue, #2/3C (Brown Harris Stevens)
From the Listing:
Imagine living as only Rosario Candela could have designed it. When 2/3C was first designed, it was thought to be perfection in the sense that it struck the balance between the grandeur of townhouse living in New York city and the important benefits of living in a full service building. Apartment 2/3C has not been offered for sale for over 60 years. This five bedroom, spacious and extremely gracious apartment has 10’9" ceilings, fireplaces and very large, well-proportioned rooms.

A beautiful staircase graces the spacious entrance gallery, an architectural element which distinguishes Candela designed apartments, from all others. The very large dining room (25’4"x 20') may be configured formally or informally. The spectacular layout of the apartment (see floor plan) permits a large number of private bedrooms combined with public space, which can be converted to the needs of any owner today.
1 Available Listing for Sale for $27,500,000

138-Grand-Street-01 138 Grand Street, #PH6E (Douglas Elliman)
From the Listing:
Penthouse 6E at 138 Grand Street presents an extremely rare opportunity for a discerning buyer to purchase raw artist’s space and is being made available for the first time in almost 50 years. The longtime studio of a world-renowned artist, PH6E offers over 4,400 square feet of open space and light, and offers a one-of-a-kind opportunity to create an outstanding living/working space from a blank canvas. The right buyer has a free hand to completely customize this magnificent space to their own specifications. Roof rights are included in the purchase price.

225-West-86th-Street-01 The Belnord, #103 (Douglas Elliman)
From the Listing:
This Belnord home was sold unrenovated and delivered as-is to the buyer with limitless opportunity to create their own dream sanctuary in the Upper West Side’s most storied building. Originally built in 1908, this landmarked, Italian Renaissance edifice blends gracious pre-war proportions and history with all the modern conveniences and luxuries of today.
8 Available Listings for Sale from $4,150,000

10-Bond-Street-01 10 Bond Street, #4E (Compass)
From the Listing:
Stunning 3-bedroom, 3.5-bath Noho jewel in the coveted, boutique 2015-built 10 Bond, impeccably conceived and curated by Selldorf Architects. Arrive in this luxurious, light-bathed, 2,775-square-foot residence via direct elevator into an ambience of refined elegance, graced by airy 10’10’ ceilings and huge windows on triple exposures (south, east and west). Every quality detail has been thoughtfully executed to optimize beauty and comfort, such as 6"-wide solid oak floors, solid mahogany window sills, automated lighting and shade control by Lutron Homeworks, filtered fresh water, and fully-vented laundry equipment. The expansive great room is truly a showstopper for entertaining, lined with huge casement windows stretching from the fabulous corner living/dining room through to the media room and beyond, framing grand city views 98’ across the home!

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