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1040 Fifth Avenue, #9/10C, the top sale (Sotheby's International Realty) 1040 Fifth Avenue, #9/10C, the top sale (Sotheby's International Realty)
Manhattan Sales:

  • For the week ending June 2, 2023, $391,393,037 worth of transactions across 176 condo, condop, and cooperative deals were recorded
  • 85 condo sales came to an aggregate price of $248,370,692
  • Two condop sales came to an aggregate price of $470,000
  • 89 co-op sales came to an aggregate price of $142,552,345

Last week was somewhat quieter than it's been for most of the spring, possibly because of the Memorial Day holiday on May 29. However, a number of jaw-dropping sales nevertheless took place during this time, with the Upper East Side continuing to draw luxury buyers.

Apartment #9/10C, a duplex apartment at the Rosario Candela-designed 1040 Fifth Avenue, had the past week's top sale at $25,000,000, the asking price when it went into contract in December 2022. The listing noted that the apartment has been in the same family for over 50 years; public records linked it to legendary Metropolitan Museum of Art historian/curator Dietrich von Bothmer and his wife, Joyce von Bothmer. The apartment was initially listed for $32 million in April 2021, or roughly a year after Joyce von Bothmer's death.
Around the block, new construction condominium The Bellemont was home to the top condo sale and second-highest overall: The full seventh-floor unit sold for $19,139,063, or nearly $900K above the $18,250,000 asking price listed in The Bellemont's offering plan. It was trailed closely by the apartment one floor above, which closed for $19,088,025. Both units measure five bedrooms, six and a half baths, and over 6,000 interior square feet. Both sellers were identified only through LLCs.
On the Upper West Side, prestigious prewar co-ops also proved popular. The past week's fourth-highest sale took place at The Beresford, an Emery Roth-designed New York City Landmark in Central Park West. The three-bedroom Residence #14E closed for $10,600,000, or slightly above the last asking price. Public records list the seller as finance executive Jonathan Sobel and the buyers as Wasserstein Perella & Co. founding partner Bill Lamber and his wife, Sheila Lambert.
Further downtown, public records show that former General Electric vice chair Beth Comstock and her husband, tech executive Chris Travers, have sold their townhouse at 62 Jane Street for $9,100,000. While slightly below the initial asking price of $10,995,000, it is nevertheless over 1.5 times more than the couple paid for it in 2012. When The Wall Street Journal announced the listing at the beginning of 2023, it noted that the couple is spending more time at their home in the Hudson Valley and is looking to downsize to a smaller Manhattan home. The buyer made the purchase through an LLC.

1040-Fifth-Avenue-01 1040 Fifth Avenue (CityRealty)
Fifth Avenue co-ops 1040 Fifth Avenue, #9/10C (Sotheby's International Realty)
Carnegie Hill co-ops
Upper East Side co-ops
From the Listing:
Exceedingly large, the glorious and sunlit residence is comprised of 14 impeccably proportioned and scaled rooms, and has the good fortune to be situated in one of Carnegie Hill’s most prestigious and sought-after white-glove cooperative buildings. Upon entry, this celebrated apartment opens to a private elevator landing, and beyond there is an impressive marble-floored gallery. Graced by the original marble staircase with wrought iron balustrade, the gallery in turn anchors each of the principal entertaining rooms. Majestically perched over Central Park, the 30-foot living room includes two sets of double doors and a wood-burning fireplace.

1165-Madison-Avenue-01 The Bellemont, #7THFL (Compass)
Madison Avenue condos
From the Listing:
The Bellemont is a residential masterpiece designed by Robert A.M. Stern Architects with interiors by Achille Salvagni creating a new architectural legacy on the Upper East Side. Comprised of a limited collection of twelve elegant residences at the corner of Madison Avenue and 86th Street, this remarkable building is developed by Naftali Group and is just one block from Central Park. With a façade of sculpted hand-laid Indiana limestone graced with dramatically scaled windows, the building rises up from the street corner as if it had always been there welcoming residents through intricate metal-work doors on famed Madison Avenue.
1 Available Listing for Rent for $45,000/month

1165-Madison-Avenue-02 The Bellemont, #8THFL (Compass)
Upper East Side condos
From the Listing:
The common areas of The Bellemont reflect a careful curation of places residents will want to visit daily: an enchanting rooftop terrace with spectacular views of Central Park, a state-of-the-art screening room, regulation squash court, inspired children’s playroom, and a holistic fitness space with every asset needed for optimal performance. The sophisticated lobby at The Bellemont will be attended 24-hours with a doorman and concierge services.
1 Available Listing for Rent for $45,000/month

211-Central-Park-West-01 The Beresford, #14E (The Corcoran Group)
Central Park West co-ops
Upper West Side co-ops
NYC co-ops
From the Listing:
A rare opportunity to live in the legendary Beresford along Central Park West on a high floor 8 room apartment with unparalleled panoramic views of the Fifth Avenue skyline above the Central Park West canopy of trees. Renowned architect Alan Wanzerberg and a team of artisans just completed a no-expense spared renovation of this extraordinary residence with rooms of grand proportion.

Upon entering the apartment’s oversized Gallery, one faces the breathtaking views of Central Park through fully restored original steel casement windows. An impressive 29’ living room with wood-burning fireplace and stunning 20’ library (which can easily be used as a bedroom) both provide direct glorious views of the Park. Off the gallery is a formal dining room and elegant powder room.

A truly unique home with state-of-the-art mechanicals, three-zone HVAC, a whole house sound system with invisible speakers, Lutron and art lighting, motorized solar/blackout shades, Nanz hardware throughout, “Level 5” painting, extraordinary millwork with French burnished finishes and all achieved with a health-oriented environmental design objective.
8 Available Listings for Sale from $3,795,000

111-Jane-Street-01 111 Jane Street (CityRealty)

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