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88&90 Lex's Penthouse A went into contract last week with an asking price of $11 million (Corcoran) 88&90 Lex's Penthouse A went into contract last week with an asking price of $11 million (Corcoran)
According to Olshan Realty's weekly market report, 25 contracts were signed last week for condos, co-ops, and townhouse priced at and above $4 million. This week was an especially strong one for condos, which comprised 21 out of 25 signed contracts. A high-floor duplex at Time Warner Center, #70B, was this week's biggest signing, with a listing price of $15 million.

Claiming the fourth spot is a potentially record-breaking deal at 88&90 Lex, a Gramercy-area condo development wholly reimagined by HFZ Capital with Workshop/APD helming the design. Most recently listed for $11 million, the sale of 90 Lexington's Penthouse A would become the priciest closing in a building bearing Lexington Avenue as its primary address. If sold at or near its asking price, the penthouse dethrones current record holder 325 Lexington, #PHB, which closed for $8,655,125 in June 2015.
Once thought as too far east, and downmarket when compared to Fifth, Park, and Madison Avenues, Lexington Avenue has undergone a residential renaissance in recent decades, from its genesis at Gramercy Park to its elevational apex in Carnegie Hill. South of Midtown, the relatively narrow thoroughfare is characterized by light traffic, a hodgepodge of restaurants (see "Curry Hill"), and lower-scaled buildings when compared to neighboring avenues. Other recent and notable condo buildings on the stretch, which often don't bear the Lexington moniker, include One Beacon Court, The Touraine, The Lucida, The Hayworth, and 121E22.
90-Lexington Avenue-03 90 Lexington Avenue (in the distance) where a penthouse listed for $11M fell into contract last week. (CityRealty)
As far as sales are concerned, we would not have been surprised to see fashion icon Giorgio Armani's $17.5 million purchase of T-Mobile CEO John Legere's penthouse at 91 Central Park West as the week's biggest sale. However, as has been happening quite often at 220 Central Park South, a buyer swooped in and claimed the top spot with a purchase of #59A, a three-bedroom home, for $36.05 million.

The Armani-Legere transaction is the second-largest sale of the week, and they weren't the only bold-faced names among our top sales. Broker Robert Futterman sold his Meatpacking District apartment for $8.5 million in the fourth-highest sale.
There were 196 condo, condop, and co-op sales recorded in Manhattan last week with the average price of a condo coming in at $2.46 million and co-ops averaging $1.28 million. See full list below.

Top Contracts
Condo | 3 beds, 3.5 baths | 3,491 ft2
Time Warner Center Exterior of Time Warner Center (Core Real Estate)
Time-Warner-Center-03 Great room at Time Warner Center's #70B (Core)
Time warner center nyc condo
From the listing:

Residence 70B at the coveted Time Warner Center is 3,491 square feet of unobstructed sweeping views of Central Park to the east, and the Hudson River to the north, from every room across two levels of unrivaled luxury accessible by a private elevator or beautiful architectural staircase. Enter the main entertaining level where an entry foyer and powder room give way to the expansive living and dining rooms. The open chef's kitchen is outfitted with warm Norwegian wood walnut paneling to create a modern, beautiful effect. The sculptural staircase leads to the private living quarters. The upper level's flexible floor plan lends itself to transform the home's three bedrooms into an open, grand loft.

Adjacent to the master bedroom, the master bath is marked by privacy glass that allows for either translucency or transparency as desired. Located in the cultural nexus of New York City at Columbus Circle, the Time Warner Center's white-glove services include a full-time doormen, concierge and security, in addition to an on-site garage, fitness center, landscaped roof deck, screening room, children's playroom and private conference room. Residents of TWC also enjoy access to the building's designer shops, grocers and restaurants, as well as the neighboring Mandarin Oriental's indoor pool, spa, and health club.
10 Available Listings from $4.1M

Condo | 4 beds, 4.5 baths | 4,158 ft2
152 Elizabeth Street 152 Elizabeth Street (Compass)
From the listing:

Private, key-operated elevator access opens to a serene entry gallery laid in Pietra Cardosa stone. Recessed, ambient, and cove lighting by celebrated designer Cooley Monato provide a soft glow, and a state-of-the-art humidification system is ideal for the preservation of artwork. The residence is framed by 14-20" Dinesen Heart Oak flooring and wrapped oak corridors, concealed ventilation systems, and architectural wall reveals.

The kitchen is tailor-made by Milan-based firm Minimal and boasts honed Fango marble counters, a sliding island countertop, Italian Eucalyptus wood cabinetry, and a fully integrated Gaggenau appliance package. A loggia off the kitchen provides private outdoor space and south-facing views. Adjacent to the grand, open kitchen is a generously proportioned living room, ideal for casual lounging and formal entertaining alike. The hallmark of the great room is a gas-burning fireplace framed by Pietra Cardosa stone and an artisan plaster wall.
2 Available Listings from $5.985M

Condo | 5 beds, 6 baths | 4,205 ft2
207-West-79th-Street-05 207 West 79th Street (Exterior rendering via Corcoran)
207 West 79th-Street-04 Corcoran
From the listing:

Designed to perfection, this newly built 4,200-square-foot residence combines the classic appeal of a prewar home with the open spaces of modern living. The stunning sun filled rooms offer inspiring views and continuous light from impressive 7' custom windows, enhanced by 9'4" high ceilings. The grand south facing 50-foot entertaining space has hand laid oak flooring in a mansion weave pattern. The 19-foot epicurean windowed kitchen creates a natural focal point to gather and pause. Features include an enormous over sized island, White Sky marble counter tops and custom grey oak cabinetry. The classic Lefroy Brooks fixtures and appliances by Wolf, Subzero and Miele compliment this exceptional kitchen. A serene Master suite has uncommon sun light and an enviable dressing room/walk in closet. The master bath is a tranquil refuge where one can relax and be restored. The floor is a marble and porcelain Empire-style patterned tile and has radiant heat. Features include Bianco Bello marble walls and counter tops, a double vanity with fluting and faceting with brushed nickel Lefroy Brooks fixtures and a custom soaking tub by Waterworks. Secondary baths are rich with textures; from Calacutta marble accent walls to Bianco Beatriz vein-cut walls and white oak vanities. A powder room is complete with a Cristal Quartzite counter top and Calacatta marble mosaic flooring and accent wall. For your comfort central air and a large laundry room with a sink and washer/dryer. Additionally, a distinctive lighting plan was created for this residence.

Condo | 4 beds, 5 baths | 3,368 ft2
90 Lexington-Avenue-03 88&90 Lex, Penthouse A (Corcoran)
From the listing:

Thoughtfully designed by architect Workshop/APD, this residence offers a sprawling layout centered on gracious, 38 x 18 private courtyard with built-in grill and kitchenette a singular offering that is ideal for entertaining and everyday living. The courtyard is flanked by a large corner living/dining room and open kitchen with 114 ceilings and stunning Empire State Building Chrysler Building views. This four-bedroom residence also features a corner master bedroom suite that offers abundant closet space, a terrace with stunning skyline views of the Empire State Building and Chrysler Building, and a five-fixture master bathroom that includes French limestone flooring and wall tiles, travertine slab backsplash, radiant heated floors by NuHeat, and a WetStyle Cube Collection deep soaking tub. Additional bathroom details include: smoked oak vanity millwork, LED-illuminated medicine cabinet with mirror defogger, and Hansgrohe fixtures. The kitchen features custom cabinetry made from European oak, a polished glass composite slab countertop, an antique grey marble slab backsplash, Dornbracht fixtures, a Bertazzoni double-oven and cooktop, as well as a Sub-Zero refrigerator, freezer, and dual zone wine cooler. Additional interior details include cove and recessed overhead lighting, as well as elegant fumed grey oak floors, 8' solid wood interior doors, and concealed window pockets pre-wired for electronic solar shades.
17 Available Listings from $1.25M

Condo | 5 beds, 4.5 baths | 3,525 ft2
The Kent 200 East 95th Street-002 The Kent (CityRealty)
From the listing:

This exceptional 5-bedroom, 4.5-bathroom residence offers 3,525 square feet of living and entertaining space. Enter this gracious residence through a formal gallery and enjoy the spacious eat-in kitchen and expansive living and dining room. Expansive south, east and west-facing exposures offer open views of the city and East River.
8 Available Listings from $4.324M

Top Sales
Condo | 3 beds, 3 baths
4 Available Listings from $34,950/month
220-Central-Park-South-04 220 Central Park South (Vornado Realty Trust)

Co-op | 4 beds, 4 baths | 3,000 ft2
2 Available Listings from $1.875M
91-Central-Park West 91 Central Park West (via Compass)

Condo | 5 beds, 5 baths | 5,153 ft2
10 Available Listings from $1.795M

Condo | 3 beds, 3 baths | 3,599 ft2
345 West 13th Street 345 West 13th Street via Halstead

Condo | 2 beds, 2 baths | 2,314 ft2
17 Available Listings from $3,375M
Fifteen Hudson Yards (Related-Oxford/Corcoran)
15HY-NYC Fifteen Hudson Yards' entrance (Related Companies via Corcoran)
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