In the second week of April 2024, contracts throughout New York City dipped in terms of both the number signed and dollar value. It is unclear how much of this can be attributed to anxiety over still-high interest rates and tax day, or if this is a sign of a longer-term trend.
The highest-priced contract was for Penthouse 3BC at The Grand Millennium, a triplex unit with a movie screen and walk-up bar in the living room, a state-of-the-art kitchen, a paneled study, a smart home infrastructure, a private roof terrace, and an asking price of $15,995,000. While good enough for the highest-priced contract of the week, it is the result of a few price cuts, and public records show that the seller, identified by Crain's New York Business as former JP Morgan Chase executive Gordon Smith, is poised to take a loss on it, having paid $18.6 million for it in 2017.
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The Grand Millennium, #PH3BC (Compass
The Grand Millennium was part of an early wave of luxury condo development around Lincoln Center in the late 1990s. The high-rise converted and built upon a mid-century office building that held Tower Records. The luxury condo boom has spread to the Upper West Side as a whole in recent years: The sixth-highest contract of the week was for Residence #17A at The Westly, which was asking $7,600,000. This four-bedroom residence enjoys triple exposures, Midtown skyline views, and an expansive 2,752-square-foot layout.
Also on the Upper West Side, new skyline standout 50 West 66th Street is still going strong: A total of $12.7 million was signed across two contracts, with the three-bedroom Residence #15A asking $6,450,000 in the tenth-highest asking price of the week.
Also on the Upper West Side, new skyline standout 50 West 66th Street is still going strong: A total of $12.7 million was signed across two contracts, with the three-bedroom Residence #15A asking $6,450,000 in the tenth-highest asking price of the week.
136 East 65th Street, #TH (Douglas Elliman)
Also of note, 136 East 65th Street's asking price of $7,995,000 represents a small reduction, but was nevertheless good enough for the top townhouse contract of the week and fifth-highest overall. Daytonian in Manhattan notes that the house dates back to 1871 but would come to greatest prominence nearly 100 years later, when it was used for exteriors in the film adaptation of The Boys in the Band. Since then, it has been brought into the twenty-first century, though not at the expense of original architectural features.
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#10. 50 West 66th Street, #15A
Last Ask: $6,450,000
Central Park West | Condominium | 3 Bedrooms, 3.5 Baths | 2,097 ft2
50 West 66th Street, #15A (Corcoran Group)
#9 (tie). The Alvarado, #3B
Last Ask: $6,995,000 (-12.5%)
Carnegie Hill | Cooperative | 5 Bedrooms, 5 Baths | 4,100 ft2
The Alvarado, #3B (Douglas Elliman Real Estate)
#9 (tie).1289 Lexington Avenue, #16B
Last Ask: $6,995,000
Carnegie Hill | Condominium | 4 Bedrooms, 4.5 Baths | 3,270 ft2
1289 Lexington Avenue, #16B (Brown Harris Stevens Residential Sales LLC)
#8. 84 Mercer Street, #2B
Last Ask: $7,000,000 (-6.7%)
SoHo | Cooperative | 3 Bedrooms, 4 Baths | 6,000 ft2
84 Mercer Street, #2B (Compass)
#7. Lantern House, #2003
Last Ask: $7,200,000
Chelsea | Condominium | 4 Bedrooms, 4.5 Baths | 2,737 ft2
Lantern House, #2003 (Corcoran Sunshine Marketing Group)
#6. The Westly, #17A
Last Ask: $7,600,000
Riverside Dr./West End Ave. | Condominium | 4 Bedrooms, 3.5 Baths | 2,752 ft2
The Westly, #17A (Reuveni LLC)
#5. 136 East 65th Street, #NA
Last Ask: $7,995,000 (-3.1%)
Lenox Hill | Townhouse | 4 Bedrooms, 3.5 Baths | 4,500 ft2
136 East 65th Street, #NA (Douglas Elliman Real Estate)
#4. Morton Square, #L6BE
Last Ask: $9,000,000
West Village | Condominium | 3 Bedrooms, 3 Baths | 2,191 ft2
Morton Square, #L6BE (Bank Neary Inc)
#3. 42 Wooster Street, #5N
Last Ask: $9,995,000 (-13.8%)
SoHo | Condominium | 3 Bedrooms, 3.5 Baths | 4,848 ft2
42 Wooster Street, #5N (Brown Harris Stevens Residential Sales LLC)
#2. 10 Madison Square West, #11D
Last Ask: $12,500,000
Flatiron/Union Square | Condominium | 4 Bedrooms, 4.5 Baths | 3,309 ft2
10 Madison Square West, #11D (Compass)
#1. The Grand Millennium, #PH3BC
Last Ask: $15,995,000
Lincoln Center | Condominium | 6+ Bedrooms, 6+ Baths | 6,867 ft2
The Grand Millennium, #PH3BC (Compass)
Would you like to tour any of these properties?
Just complete the info below.
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