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The Photo Arts Building, #8 (Brown Harris Stevens) The Photo Arts Building, #8 (Brown Harris Stevens)
Manhattan Sales:

  • For the week ending February 24, 2023, $245,267,554 worth of transactions across 147 condo, condop, and cooperative deals were recorded
  • 62 condo sales came to an aggregate price of $136,458,486
  • Four condop sales came to an aggregate price of $8,198,800
  • 81 co-op sales came to an aggregate price of $100,610,268

The week ending February 24, 2023 recorded significantly fewer closings than the previous week by default, as the Presidents' Day federal holiday fell on Monday, February 20. Nevertheless, a number of significant sales took place during this time.

The top sale took place at 12 East 12th Street, which is best known for housing local mainstay Gotham Restaurant (nee Gotham Bar and Grill) on the ground floor. The loft building is also home to condo apartments on top, having been converted to residential decades after its 1907 construction, and the entire sixth floor closed for $9,475,000.

A few blocks north of 12 East 12th Street, The Photo Arts Building has gone from industrial building to photographers' lofts to residential over the past several decades. The estate of AIG executive Ronald Shelp and his wife June listed their full-floor apartment in the building for $6,250,000 in fall 2022, and it has closed for just under the asking price at $6,200,000. Aside from the Smithsonian's selection of pieces to add to their permanent collection, there is no further word on the couple's extensive collection of art from the American South.

Top Sales
12-East-12th-Street-01 12 East 12th Street (CityRealty)
1 Available Listing for Sale for $11,250,000
1 Available Listing for Rent for $9,500/month

90-East-End-Avenue-01 90 East End Avenue, #7A (The Corcoran Group)
East End Avenue condos
Yorkville condos
Upper East Side condos
From the Listing:
With approximately 5,300 square feet, this apartment has it all, spanning the entire front of East End Avenue, with amazing light and open views of Carl Schurz Park from your floor to ceiling windows. You will enjoy a spacious layout with oversized living and dining room, library, 5 large bedrooms (all bedrooms have en-suite baths), a media room, separate laundry room with double washers and dryers and generous bonus spaces. There is a magnificent chef’s kitchen with custom designed bespoke cabinetry, huge center island, top appliances including a Wolf stove, 6-foot Dacor side-by-side refrigerator and freezer, two Bosch dishwashers and built in banquette. All five and a half baths are tastefully designed with beautiful marble and stone and custom wood vanities. Other features include central air conditioning, wide oak flooring, a large marble clad ethanol fireplace and generous closet and storage space throughout.
2 Available Listings for Sale from $3,150,000

5-East-16th-Street-01 The Photo Arts Building (CityRealty)
Union Square lofts The Photo Arts Building, #8 (Brown Harris Stevens)
Union Square condos
NYC lofts
From the Listing:
Stunning proportions and abundant sunlight, this spectacular home blends a prime Union Square location with an exceptional open layout with both Northern and Southern exposure. Currently 4 bedrooms, 3 bathrooms with an additional bedroom and bathroom in the adjacent apartment. Live the downtown dream in this expansive approximately 5,000-square-foot duplex full-floor condominium loft, just steps off Fifth Avenue in Flatiron’s Photo Arts building.

The key lock elevator opens into a gracious entry foyer, from there you enter the Great Room where comfort and luxury abound with the home’s soaring ceilings, walls of southern facing windows, and a dramatic open living plan. The walls of windows face both 16th Street (south) and 17th Street (north) flooding the loft with light from both exposures. Enjoy both casual and formal entertaining from the chef’s kitchen leading into the enviable double living room, large dining area; simply perfect for entertaining on a grand or very personal scale.

The building allows live/work as well as simply residential use, ideal for modern lifestyles. The 8th floor also features a loft apartment that can be accessed from the foyer. This expansive living room boasts stunning proportions and soaring 20-foot ceilings, ideal for impressive entertaining, and displaying treasured art collections. The adjacent open-concept dining room and kitchen are flooded with natural light. The kitchen is equipped with an eat-in breakfast bar, Viking cooktops, dishwasher, refrigerators.

359-Second-Avenue-01 The Edison Gramercy, #10A (Douglas Elliman)
Gramercy condos
NYC condos
250 East 21st Street
From the Listing:
Designed by the celebrated Paris Forino Interior Design, Residence 10A at 250 East 21st Street is a 2,000 square foot three-bedroom, three-and-a-half-bathroom home with 567 square feet of private outdoor space. A formal entry foyer opens up to the generous great room, with hand-laid White Oak herringbone wood floors, exceptional custom wall paneling, and oversized windows. The windowed kitchen features a best-in-class fully integrated suite of Miele appliances, including a gas range with built-in wall cabinet hood, refrigerator, and dishwasher. Custom millwork cabinetry is embellished with custom bone pulls and bespoke Waterworks nickel fittings and is paired with Tundra marble countertops and backsplash. The kitchen also includes a Liebherr wine refrigerator and stainless steel undermount sink with an InSinkErator disposal. Central to the home is the expansive private terrace, with northeastern exposure, perfect for morning sunrises and endless entertaining.
3 Available Listings for Sale from $4,150,000
1 Available Listing for Rent for $6,500/month

221-West-77th-Street-01 221 West 77th Street (Douglas Elliman)

Notable Sales

Ralf Finzel

2505-Broadway-01 2505 Broadway, #16B (Douglas Elliman)
Upper West Side condos
NYC condos
When international operations executive Ralf Finzel was appointed executive vice president and global operations officer of International Flavors & Fragrances (IFF), a press release noted that he would be based in IFF's New York City headquarters. To that end, he has purchased an apartment at the ODA-designed 2505 Broadway.

From the Listing:
This gracious 2,223-square-foot, three-bedroom, three and a half-bath residence features 10’5" ceilings with herringbone oak flooring throughout create ample proportion with generous light and air. The formal entry foyer opens to an expansive great room and kitchen ideal for both entertaining and daily living, capturing eastern and western exposures. Adjacent to the dining room is a large and lavish custom-designed open kitchen featuring white lacquered cabinetry complimented by Taj Mahal quartzite countertops and backsplash, including an island. The well-appointed kitchen is equipped with state-of-the-art fully integrated Gaggenau appliances, including a 5-burner stainless steel cooktop, refrigerator, freezer, dishwasher, built-in 24-inch microwave an oversized, steam oven completed by a Thermador undercounter wine cooler and is masterfully accented by Waterworks Henry fixtures in antique brass.
6 Available Listings for Sale from $2,695,000
1 Available Listing for Rent for $11,500/month

Gabrielle Sulzberger

1010-Fifth-Avenue-01 1010 Fifth Avenue, #9B (Douglas Elliman)
Fifth Avenue co-ops
Carnegie Hill co-ops
Upper East Side co-ops
In January 2022, public records indicated that Arthur Sulzberger, former publisher of The New York Times, bought his ex-wife, finance executive Gabrielle Sulzberger, out of their apartment at The Dorilton. However, Ms. Sulzberger has clearly landed on her feet - records identify her as the purchaser of a six-room home on Fifth Avenue facing the Metropolitan Museum of Art.

From the Listing:
This fine home offers grand scale living and dramatic views of Central Park and the Metropolitan Museum of Art. Entertain guests in the enormous living room, which features park views and a wood burning fireplace. A large dining room, eat-in kitchen, and staff room with a bathroom complete the living quarters. Both bedrooms enjoy park views and have en suite baths. This apartment is enhanced by the very best prewar details including high ceilings.
6 Available Listings for Sale from $1,399,000

Grad Conn and Rachel Honig

200-East-57th-Street-01 200 East 57th Street, #20D (Sotheby's International Group)
Midtown East co-ops
Billionaires Row co-ops
Midtown East co-ops
In their wedding announcement in The New York Times, it was noted that tech executive Grad Conn and psychotherapist Rachel Honig divide their time between a number of homes, including Mr. Conn's Midtown apartment. However, public records indicate that the newlyweds have bought a new home together.

From the Listing:
Sun-flooded with open city views, four corners and exposures north, east and south from huge picture windows, this 20th floor three-bedroom, four-bath has ~2,500+ square feet plus a 325-square-foot planted terrace accessed from the living room. There is a corner primary suite with adjacent dressing room and bath, a corner en suite second bedroom with a built-in office and walk-in closet, plus a third bedroom/den and hall bathroom (which can be made en suite to the third bedroom/den). A 34’2”x15’4” living room, dining room, breakfast room and enormous kitchen with incredible pantry space and many cabinets plus a nearby full bath and separate service entrance are additional complements. Washer/dryer permitted. With only one other neighbor on the landing, privacy and quiet are assured.
4 Available Listings for Sale from $749,000

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