Manhattan Contracts: Contract signings down in March 2024; NYC supertalls see drop from pre-pandemic prices

By CityRealty Staff | From Great Listings Monday, April 1, 2024

View of Billionaires' Row from high-floor unit at Selene

As March 2024 drew to a close, the number of contracts signed in Manhattan was enough to bring the month to a nine-month high in terms of signed contracts. But it was not all sunshine for the Manhattan market. The number of contract signings was down 10.1% year-over-year and down 31% from the fever pitch of March 2022. However, it must be noted that Holy Week and Easter fell in April both those years and would not have impacted March sales, as the holidays may very well have this year. Finally, several of the Midtown supertall listings that ranked among the top contracts signed from March 25-31, 2024 reflected deep cuts from their initial, prepandemic listing prices.

The top contract recorded was for the full-floor unit spanning the eighth floor of 1125 Fifth Avenue, which was asking $9,995,000, following its most recent price reduction in January 2024 and down from a $13,500,000 asking price when it was listed in April 2023. The buyer of the five-bedroom home was not identified, but they are clearly in esteemed company: Not only were Bette Midler and her family longtime residents of the Emery Roth-designed building, but, as the co-op's board does not allow more than $1.1 million in mortgage financing, they clearly have deep pockets.

It was closely trailed by Residence #52A at Selene, which was asking $9,300,000; a price good enough for the top condo contract of the week, but representing a 57% price reduction from the original asking price of $22 million. Between its triple exposures and high floor in a Foster + Partners-designed building, the unidentified buyer will enjoy wide-spreading city views. They will also enjoy a custom kitchen, an ultra-private primary suite with an expansive dressing area, four floors of amenity offerings, and special privileges at Le Jardinier, the Michelin-starred restaurant an elevator ride away.

Some luxury buyers appreciate the history of New York's prewar buildings, while others are drawn to eye-catching new construction. And as 111 West 57th Street shows, still others have found a way to have the best of both worlds: Landmark Residence #12N had the third-highest contract with an asking price of $9,250,000; Landmark Residence #12S, the only other unit on the floor, had the seventh-highest contract with a $6,995,000 ask. They are both located in the reimagined Steinway Hall component of the Billionaires' Row supertall and feature prewar-inspired layouts and features, not to mention access to the building's modern amenities and services. Both listings also experienced price reductions in recent weeks.

#10. 14 West 11th Street, #GARDEN
Last Ask: $6,000,000

Greenwich Village | Cooperative | 3 Bedrooms, 3.5 Baths

14 West 11th Street, #GARDEN (Compass)

From the Listing: Rarely offered, fully renovated, 3-bedroom, 3.5-bathroom duplex in an architecturally significant Greek-Revival townhouse on Greenwich Village’s historic Gold Coast! The 4-zone central air system with WiFi controls ensures comfort and convenience, while the open-concept kitchen offers a seamless flow for entertaining and everyday living. Custom lighting, shades, and speakers enhance the living space's sophistication. The home features a spacious living room adorned with classic arched windows, wide plank floors, a dining area perfect for entertaining, and a primary bedroom suite with a luxurious spa-like bathroom that includes radiant heated marble floors and a steam shower. With garden access from both the parlor level, as well as primary bedroom, one can enjoy the beautifully landscaped garden. See floor plan and full details here.

14 West 11th Street has no current availabilities.

#9 (tie). 50 Madison Avenue, #RU7
Last Ask: $6,500,000

Flatiron/Union Square | Condominium | 3 Bedrooms, 3.5 Baths | 2,646 ft²

50 Madison Avenue, #RU7 (Corcoran Group)

From the Listing: Enjoy 29 feet of unobstructed direct views of Madison Square Park along with the iconic Flatiron and Met Life Clock buildings. This three-bedroom, three-and-a-half-bath corner unit, renovated with the help of superstar designer, Ryan Korban, features remarkable light and views with all the bells and whistles. Ebonized oak flooring throughout provides a sophisticated palette. A chef's kitchen is massive and open to the expansive and bright great room. The grand primary suite has over 150 square feet of custom closets and fashionable media and storage units. See floor plan and full details here.

50 Madison Avenue has no current availabilities.

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#9 (tie).812 Park Avenue, #9/10C
Last Ask: $6,500,000 (-18.2%)

Park/Fifth Ave. to 79th St. | Cooperative | 4 Bedrooms, 4.5 Baths

812 Park Avenue, #9/10C (Corcoran Group)

From the Listing: Drenched in sunlight, this high-floor duplex residence in a J.E.R. Carpenter building boasts oversized grand rooms perfectly suited for gracious entertaining and everyday living. There are three bedroom suites and four and a half windowed bathrooms. Additionally there are two staff bedrooms that can be combined to make a fourth bedroom. The entertaining rooms include a living room with a wood burning fireplace, a formal dining room, a library, a windowed eat-in kitchen with a breakfast room and a butler's pantry. Throughout the magnificent home there are soaring ceilings, oversized windows, prewar architectural details, herringbone floors, and picturesque views. See floor plan and full details here.

812 Park Avenue has 3 public availabilities from $8,995,000.

#8. 53 West 53, #38B
Last Ask: $6,550,000

Midtown West | Condominium | 2 Bedrooms, 2.5 Baths | 2,033 ft²

53 West 53, #38B (Douglas Elliman Real Estate)

From the Listing: Balancing grand scale living with the intimate feeling of home, Residence 38B at 53 West 53 comprises 2,033 square feet, offering two bedrooms, two-and-a-half bathrooms, and south- and east-facing exposures. Gracious proportions and ceilings ranging up to approximately 10'9" set the awe-inspiring stage for world-renowned designer Thierry Despont's masterfully conceived interiors. Bespoke detailing typically reserved for privately commissioned homes abounds, while a rich yet soft palette of museum-quality finishes imbues each space with both modern glamour and timeless elegance. From the dramatic entry gallery, the generous corner great room is lined with floor-to-ceiling windows that artfully frame south- and east-facing views. See floor plan and full details here.

53 West 53 has 16 public availabilities from $2,899,000.

#7. 111 West 57th Street, #12S
Last Ask: $6,995,000

Midtown West | Condominium | 3 Bedrooms, 4.5 Baths | 3,601 ft²

111 West 57th Street, #12S (Corcoran Group)

From the Listing: Available for immediate occupancy, Landmark Residence 12S at 111 West 57th Street provides an unparalleled opportunity for one who enjoys modern conveniences within grand spaces reminiscent of the pre-war era. This residence offers three bedrooms, four-and-a-half bathrooms, and a study within 3,601 square feet of interior space. An elegant entry foyer offers white macauba stone floors, and the stunning powder room is finished in jewel onyx. A spacious living room provides southern exposure and custom smoke gray oak floors in a parquet pattern, while the adjacent dining room provides eastern exposure and plenty of space for entertaining. The separate kitchen features a wet bar and is finished with Cristallo Gold quartzite countertops and backsplash, custom hand-crafted cabinetry, and a full suite of Gaggenau appliances. See floor plan and full details here.

111 West 57th Street has 8 public availabilities from $6,895,000.

#6. 50 West 66th Street, #16B
Last Ask: $7,025,000

Central Park West | Condominium | 3 Bedrooms, 3.5 Baths | 2,424 ft²

50 West 66th Street, #16B (Corcoran Group)

From the Listing: 50 West 66th Street, slated to be one of the tallest and most important residential buildings that will transform the Upper West Side and the New York City skyline. The building boasts 50,000 square feet of amenity space including both an indoor and outdoor pool, squash court, full sized basketball and pickleball court, state of the art fitness center, Sky Lounge for entertaining and Porte cochere entrance. House residence 16B is a gracious 2,427-square-foot, 3-bedroom, 3.5-bath home. See full details here.

50 West 66th Street has 8 public availabilities from $4,600,000.

#5 (tie). SoHo Mews, #5EJ
Last Ask: $7,995,000

SoHo | Condominium | 5 Bedrooms, 4 Baths | 3,914 ft²

SoHo Mews, #5EJ (Serhant LLC)

From the Listing: This exquisite sprawling corner home is ideal for entertaining, and is also practical for family living, and features 5 bedrooms (currently set up as three bedroom suites plus a massive windowed second living room/double den), and 4 full bathrooms plus a powder room. Enjoy sun-flooded rooms from the glass curtain wall featuring floor-to-ceiling glass windows in every room, airy soaring 10'2" high ceilings, eastern and western exposures with partial sky views, and rare quietude with all windows facing historic and quiet Wooster Street and the condo's picturesque gardens. Enter this luxurious corner condo by a gracious foyer and impressive entrance gallery perfect for displaying a wall of art, that leads to a sun-blasted expansive Great Room spanning over 900 square feet with a 35-foot wall of floor-to-ceiling windows, soaring ceilings, and southeastern exposure with partial sky and picturesque views overlooking quiet and historic charming Wooster Street. See floor plan and full details here.

Soho Mews has 2 public availabilities from $2,550,000.

#5 (tie). 35 Hudson Yards, #6804
Last Ask: $7,995,000

Midtown West | Condominium | 3 beds, 3.5 baths | 3,099 ft²

From the Listing: This expertly planned three-bedroom residence boasts 10’10" ceilings, lavish satin finish wide plank French oak floors, and stunning views of the Hudson River from the corner Great Room. 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 primary bedroom boasts two large walk-in closets and a luxurious windowed en suite bathroom which is wrapped in stunning iceberg quartzite, complete with stunning double vanity with Kinon panels, and full depth soaking tub. The second and third bedrooms are both equipped with en-suite baths. See floor plan and full details here.

35 Hudson Yards has 11 public availabilities from $5,300,000.

#4. One High Line, #EAST19B
Last Ask: $8,190,000

Chelsea | Condominium | 3 Bedrooms, 3.5 Baths | 2,668 ft²

One High Line, #EAST19B (Corcoran Sunshine Marketing Group)

From the Listing: East 19B at One High Line is a 2,668-square-foot three-bedroom and three-and-a-half-bathroom residence curated by Gilles & Boissier. Residence 19B features northern and western exposure revealing Hudson River views from its elegant great room. Perfect for entertaining, the home's living and dining rooms blend seamlessly with the open kitchen with elegant Carnico Grigio marble floors, Molteni brushed Epicea wood and white lacquer cabinetry with cove lighting, and honed Calacatta Gold marble countertops and backsplash. A Calacatta Gold marble island with a brass patina frame is complemented by a raised St. Laurent marble. The corner primary suite, complemented floor-to-ceiling windows welcomes an abundance of natural light. See floor plan and full details here.

One High Line has 41 public availabilities from $2,265,000.

#3. 111 West 57th Street, #12N
Last Ask: $9,250,000 (-7.5%)

Midtown West | Condominium | 3 Bedrooms, 3.5 Baths | 3,535 ft²

111 West 57th Street, #12N (Corcoran Group)

From the Listing: Move right in to Landmark Residence 12N at 111 West 57th Street, which provides an unparalleled opportunity for one who enjoys modern conveniences within grand spaces reminiscent of the pre-war era. This residence offers three bedrooms, and three-and-a-half bathrooms within 3,535 square feet of interior space, and a gracious 817-square-foot terrace. An elegant, windowed entry foyer offers white macauba stone floors, and leads into a grand living room with custom smoke gray oak floors in a parquet pattern, fireplace, and a wet bar. The living room is situated next to a spacious formal dining room offering ample room for entertaining with the adjacent terrace. The separate kitchen is finished with Cristallo Gold quartzite countertops and backsplash, custom hand-crafted cabinetry, and a full suite of Gaggenau appliances. See floor plan and full details here.

111 West 57th Street has 8 public availabilities from $6,895,000.

#2. Selene, #52A
Last Ask: $9,300,000

Midtown East | Condominium | 3 Bedrooms, 3.5 Baths | 3,385 ft²

Selene, #52A (Corcoran Sunshine Marketing Group)

From the Listing: Residence 52A is a 3,385-square-foot full-floor home offering sweeping, panoramic views in every direction. A grand arrival gallery leads to a stunning great room and kitchen and dining area with three sprawling exposures with luminous floor-to-ceiling windows. The Foster + Partners-designed open chef's kitchen features wire-brushed oak cabinetry with integrated pulls and bronze detailing, cabinet-fronted Gaggenau stainless steel appliances, and Italian Carrara marble knife edge countertop and backsplash with embedded ventilation and LED lighting - a true culinary delight that allows for seamless entertaining. Privately located at the opposite end of this impressive residence is the double-exposure primary suite, featuring an expansive dressing area and a luxurious spa-inspired en suite windowed bathroom. See floor plan and full details here.

Selene has 9 public availabilities from $1,775,000.

#1. 1125 Fifth Avenue, #8thFloor
Last Ask: $9,995,000

Carnegie Hill | Cooperative | 5 Bedrooms, 6+ Baths

1125 Fifth Avenue, #8thFloor (Sothebys International Realty)

From the Listing: Rarely available, this gracious 4,500 -square-foot full-floor home in the beloved 1125 Fifth Avenue offers spectacular sweeping views of Central Park and the Reservoir from all public rooms, and sunny open skyline views from all other secondary rooms. Entering via a private landing into the gracious 25-foot gallery, you’re immediately greeted by high ceilings, herringbone floors, and streaming light. The grand scaled living room with corner Park exposure and a fireplace opens up to a stately dining room, offering 50 feet of direct Central Park/Reservoir frontage. The private quarters offer five large bedrooms off a long hallway perfect for displaying your art collection. Each home conveys with private, separate storage in the basement. See floor plan and full details here.

1125 Fifth Avenue has no public availabilities.

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#10. 14 West 11th Street, #GARDEN
Last Ask: $6,000,000

14 West 11th Street has no current availabilities.

#9 (tie). 50 Madison Avenue, #RU7
Last Ask: $6,500,000

50 Madison Avenue has no current availabilities.

Select which properties are of interest to you:

#9 (tie).812 Park Avenue, #9/10C
Last Ask: $6,500,000 (-18.2%)

812 Park Avenue has 3 public availabilities from $8,995,000.

#8. 53 West 53, #38B
Last Ask: $6,550,000

53 West 53 has 16 public availabilities from $2,899,000.

#7. 111 West 57th Street, #12S
Last Ask: $6,995,000

111 West 57th Street has 8 public availabilities from $6,895,000.

#6. 50 West 66th Street, #16B
Last Ask: $7,025,000

50 West 66th Street has 8 public availabilities from $4,600,000.

#5 (tie). SoHo Mews, #5EJ
Last Ask: $7,995,000

Soho Mews has 2 public availabilities from $2,550,000.

#5 (tie). 35 Hudson Yards, #6804
Last Ask: $7,995,000

35 Hudson Yards has 11 public availabilities from $5,300,000.

#4. One High Line, #EAST19B
Last Ask: $8,190,000

One High Line has 41 public availabilities from $2,265,000.

#3. 111 West 57th Street, #12N
Last Ask: $9,250,000 (-7.5%)

111 West 57th Street has 8 public availabilities from $6,895,000.

#2. Selene, #52A
Last Ask: $9,300,000

Selene has 9 public availabilities from $1,775,000.

#1. 1125 Fifth Avenue, #8thFloor
Last Ask: $9,995,000

1125 Fifth Avenue has no public availabilities.

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