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10 East 76th Street (Serhant) 10 East 76th Street (Serhant)
Manhattan Sales:

  • In the last April 2022, a total of 317 condo, co-op, and condop sales were recorded in Manhattan
  • The aggregate total of sales was $636.8 million, and came to a median sales price of $1.35 million
  • 166 condo sales came to a median price of $1.733 million ($1,613 per square foot)
  • Seven condop sales came to a median price of $999K
  • 144 co-op sales came to a median price of $880K

151-West-58th-Street One Beacon Court, #PH51W, the past week's top sale (Compass)
The top sale of the past week was the penthouse at One Beacon Court, which closed for $33,000,000. The sale comes less than a year since hedge fund mogul and Mets owner Steve Cohen unloaded it at a dramatically reduced price of $30,500,000. A short time after that sale closed, the seller relisted the penthouse in October 2021; it entered contract in January 2022 with an asking price of $36,000,000.
The top downtown sale and second-highest sale of the past week took place in Tribeca, where a massive triplex maisonette closed for $17,250,000. It is located at 60 Collister Street, which was originally built in 1867 as a stable for American Express. When it was converted to a luxury boutique condominium, original details like exposed brick, cast-iron columns, and oversized windows were painstakingly restored with the blessing of the Landmarks Preservation Commission. In a review of the building, architecture critic Carter Horsley observed that the maisonette, also known as The Marble House, features a lower-level swimming pool, a 12-seat home theater, a game room with wet bar, and an office/music room.
The top co-op sale was a five-bedroom, five-bath home at 1010 Fifth Avenue, which sold for $10,950,000. The prewar building is located directly across the street from the Metropolitan Museum of Art and Central Park, the latter of which is highly appropriate, given its seller - philanthropist Elizabeth H. Atwood, who was the former treasurer of the Central Park Conservancy and now serves at Vice President of the Board of Trustees at The Battery.

Manhattan Contracts:

  • From April 25 - May 2, 2022, a total of 326 townhouses, condos, co-ops, and condops entered contract
  • The average time on the market was 79 days
  • The total sticker price sum came to $622 million, and the median last asking price came to $1.2 million
  • The 113 condo deals came in at a median asking price of $1.55 million, and spent an average of 81 days on the market
  • The 9 condop deals came to a median last asking price of $1.14 million, and spent an average of 29 days on the market
  • The 198 co-op deals came to a median last asking price of $895K and spent an average of 74 days on the market
  • Six townhouse deals came to a median last asking price of $6.65 million and spent an average of 205 days on the market

10 East 76th Street (Serhant) 10 East 76th Street (Serhant)
The top contract of the past week was 10 East 76th Street, which was originally built as a brownstone mansion at the height of the Gilded Age in the early 1880s. In 1906, wealthy couple Dora and Alfred Schiffer, who lived at 12 East 76th Street, bought the neighboring property and announced plans to combine the two into one magnificent home; while these did not come to fruition (much like John Legend and Chrissy Teigen’s plans for their Nolita penthouses), they did use architects Schwartz & Gross to transform the original brownstone into a Beaux Arts mansion with a limestone facade. Sadly, Mr. Schiffer died before the work was complete and Mrs. Schiffer never moved in. She sold the house to Gilded Age financier James Cox Brady (h/t Dayton in Manhattan).
Mr. Brady died in 1927, but his family lived in the house until 1946; it was converted to a doctor’s office with two apartments per floor that same year. In 1994, Claudio Guazzoni de Zanett, owner of hedge fund Zanett Asset Management, purchased the townhouse and used it as a 12,380-square-foot “family compound” that allowed extended family members to live under the same roof while still enjoying their privacy. When Mr. Zanett listed the townhouse in April 2018, it had two prices - $30 million in US dollars or $45 million in Bitcoin, Ethereum, or Ripple, the latter of which nods to the volatility of cryptocurrency. Most recently, at a time when we seem to be in the midst of another Gilded Age, the townhouse entered contract with an asking price of $29,975,000. It was not specified whether the unidentified buyer is paying cash or crypto for it.
The top apartment contract and second-highest overall took place at 111 West 57th Street, where Unit #45 was nipping at the townhouse’s heels with an asking price of $29,750,000. Olshan Realty’s market report notes that this grand full-floor residence’s price went up from $28.25 million, when it was listed off floor plans in 2016. Closings are now underway in the building, and the contract comes a few weeks after a $27.9 million sale was the highest of the week.

Top Sales
151-East-58th-Street-01 One Beacon Court
151-East-58th-Street-02 One Beacon Court, #PH51W (Compass)
From the Listing:
Soaring 700 feet above Manhattan lies the only duplex penthouse in the entire building: PH51/52W, the crowned jewel of One Beacon Court. Designed by renowned architect Charles Gwathmey, who was regarded as one of the most important modernist architects of the last 50 years. Upon entering this 9,000-square-foot, five-bedroom, six-and-a-half bath penthouse, you are welcomed by a magnificent living room with 24-foot high ceilings, showcasing views of Manhattan to the north and west including Central Park. Gwathmey’s elegant, contemporary finishes throughout the residence include white Venetian plaster walls, maple floors, Anigre wood and stainless steel. The dining room leads into the state-of-the-art chef’s kitchen, with counters of absolute black honed granite, a breakfast bar and a more casual dining area for additional seating.
4 Available Listings for Sale from $5.275M
1 Available Listing for Rent for $29,900/month

60-Collister-Street-01 The American Express Carriage House (Douglas Elliman)
From the Listing:
This grand triplex property in the TriBeCa Landmark District is reminiscent of a stately mansion within a pre-War, full service loft condominium with private parking. The main level starts at a gallery hall leading to a 77-foot living room and study enfilade on one side and an elegant dining room on the other, serviced by an enormous and exquisitely crafted kitchen and butler’s pantry. Two powder rooms and a sizeable coat closet are also on this floor. The lower level has an extraordinary, full-size marble swimming pool, surrounded by a sauna, steam room, lounge area, media room, and playroom or gym.

1045-Madison-Avenue-01 The Benson (CityRealty)
2 Available Listings for Sale from $17.5M

1010-Fifth-Avenue-01 1010 Fifth Avenue, #13CDE (Sotheby's International Realty)
From the Listing:
Perched on the 13th floor in a landmarked district and nestled among the finest museums, boutiques, restaurants and schools, and with Central Park at its doorstep, this sophisticated and sprawling 16 into 11 room is a light-filled sanctuary spanning nearly 5,000 square feet and boasting extraordinary natural sunlight throughout from all four exposures. Offering unobstructed views over landmarked buildings all the way south to Midtown Manhattan, this beautiful and serene 5-bedroom, 5-bathroom home accommodates both grand entertaining and intimate gatherings. The private elevator vestibule opens on to an impressive 32-foot central gallery. The large-scaled south-facing living room and stunning wood paneled library are flooded with sunlight all day, both with exquisite wood burning fireplaces as their centerpieces. The stately formal dining room features unobstructed views to the east over landmarked buildings and can easily accommodate 20 guests.
4 Available Listings for Sale from $3.2M


Top Contracts
10-East-76th-Street-01 10 East 76th Street, #HOUSE (Serhant)
From the Listing:
With approximately 12,380 interior square feet, 2,500 exterior square feet, and 13-foot majestic ceilings, this unique limestone mansion is offered for sale. Fabulously situated on a premier block of the Upper East Side’s Gold Coast between Fifth and Madison Avenues, this palatial 22-foot wide townhome is the tallest townhome on the block, towering above all the others around it. A grand, solid-bronze gated entrance leads into an elegant entry vestibule which opens into a stately marbled reception gallery with an impressive wood-burning fireplace and original mosaic tiled floors that have an added European patina. For 24 years, this majestic limestone mansion served as a family compound for its European owner, affording seven private living areas including the fifth and sixth floors combined as a separate penthouse.

111-West-57th-Street-01 111 West 57th Street, #45 (Corcoran)
From the Listing:
Tower Residence 45 at 111 West 57th Street is a grand 4,492 square foot full floor residence. Breathtaking by design, this residence features unobstructed, perfectly centered views of Central Park and beyond to north, while views to the south provide a panoramic tableau featuring the Empire State Building, World Trade Center, Statue of Liberty, and many more of New York City’s iconic landmarks. Direct elevator access leads into the grand entry gallery finished with white macauba stone floors. Dramatic double doors lead into the expansive 50-foot great room highlighted by ceiling heights up to 14 feet, intricately patterned floors in custom smoke-gray solid oak, and floor-to-ceiling windows through which to enjoy the views.
10 Available Listings for Sale from $7.75M
1 Available Listing for Rent for $27,500/month

66-East-79th-Street-01 66 East 79th Street, #9 (Douglas Elliman)
From the Listing:
Controlling the entire 9th floor high atop one of the Upper East Side’s most coveted boutique white glove prewar buildings, this immaculate and sophisticated high floor four bedroom, four and a half bathroom home is blissfully appointed and exudes a timeless elegance based on a fresh interpretation of prewar classicism. This sun-drenched 10 room home showcases 4 corner exposures and 25 windows. Meticulously redesigned with studied proportions, the residence features high ceilings, cerused oak wood-paneled walls and chevron pattern oak floors, and oversized windows looking out over Park Avenue, with side views of Central Park.

635-Park-Avenue-01 The Adelaide (CityRealty)
635-Park-Avenue-02 The Adelaide, #2NDFLOOR (Sotheby's International Realty)
From the Listing:
Accessed via a private elevator landing, this immensely gracious full floor apartment is filled with sunlight throughout from three exposures. An elegant circular gallery, a signature of architect J.E.R Carpenter, leads to a truly impressive suite of entertaining rooms which include a beautifully proportioned living room, an enormous dining room, and a wood-paneled study, each of which enjoy wood burning fireplaces. There is also a lovely and well-placed powder room. The private quarters consist of a majestic primary bedroom suite with an enchanting and large mirrored dressing room and two luxurious bathrooms. A book lined library/sitting room connects the primary bedroom with two additional attractive bedrooms, one of which is a sunny corner and both with Park Avenue facing windows.

From the Listing:
Located in the tower of Robert A.M. Stern’s definitive parkside address, Fifteen Central Park West, this corner three-bedroom home offers partial Central Park views through northern, eastern, and western exposures. A gracious foyer welcomes you to this well-proportioned 2,519-square-foot residence and leads to the expansive corner living room with large windows offering dynamic city views of Lincoln Center and a beautiful planted garden below. This quiet and generous space and the adjacent formal dining room, both bathed in natural light, are perfect for entertaining. The windowed, marble-clad eat-in chef’s kitchen features a breakfast bar, large center island, and top-of-the-line appliances.
11 Available Listings for Sale from $4.495M
4 Available Listings for Rent from $15,0 00/month

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