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A blog from CityRealty (Links below will take you to the 6sqft site)

Features

From September 5-11, 2021, a total of 354 condos, co-ops, and condop sales were recorded in Manhattan at an aggregate price of $616,052,982. The 152 condo sales came to a median price of $1.39 million, or $1,532 per square foot. The 7 condop sales recorded a median price of $1.26 million, and the 195 co-op sales came to a median price of $840K.

In the days following Labor Day and Rosh Hashanah, New York's reopening is in full swing (with vaccination requirements and safety protocols in place). The U.S. Open tennis tournament welcomed spectators back to the stadiums, New York Fashion Week hosted a combination of in-person and digital shows, and the Subway Series coincided with the 20th anniversary of the September 11 attacks. Public schools reopened on September 13, the same day as the Met Gala. Add in the reopening of Broadway theaters and employees returning to the office, and it's no surprise that people want to be back in New York.

Leading last week's sales was former Secretary of the Treasury Steven Mnuchin's co-op in "tower of power" 740 Park Avenue. It closed for $22,500,000, or 30.7 percent below its original listing price of $32,500,000 when it came on the market in September 2018. It is unclear whether the Trump effect, the building's notoriously selective board, or a combination of both accounted for the lengthy time on the market.

The top condo sale took place at The Plaza, where the home known as The Astor Suite closed for $18,000,000. The most recent owner was Esprit executive Juergen Friedrich, and the room hosted John F. Kennedy, the Duke and Duchess of Windsor, and John Jacob Astor during The Plaza's heyday as a hotel.
601-Washington-Street-01 601 Washington Street via Compass
From September 6-12, 2021, a total of 27 luxury contracts priced at $4 million and up were signed in Manhattan. Labor Day and Rosh Hashanah both fell within this time period, yet the week still topped Olshan Realty's 2018 Labor Day weekend record of 20 contracts. The total asking price sales volume of the week was $210,988,000.

The 27 contracts included four townhouses, with a brand-new townhouse at 32 East 64th Street among them. New construction in this part of the Upper East Side is few and far between, but the original prewar home was leveled in a July 2006 gas explosion during the owners' bitter divorce. The most recent owners developed the site into a Landmarks-approved five-story mansion with a limestone facade, mansard roof, and state-of-the-art infrastructure and mechanicals. The asking price of $19.75 million is down from the $32.5 million when it first hit the market in December 2017, but was nevertheless the top townhouse contract of the past week.

On the apartment side, it is clear that buyers are seeking more space: A duplex at 155 East 79th Street and the final penthouse at 40 Bleecker Street were among the top contracts, and the quadruplex penthouse at 601 Washington Street had the week's top contract with an asking price of $32,274,000. The buyers were identified only as a Tribeca family who had been following the building since it was under construction.






Top Sales
740-Park-Avenue-01
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From the listing:
Located on the 8th and 9th floors at 740 Park Avenue, one of New York’s most distinctive prewar cooperatives, this magnificent 15-room Park Avenue-facing duplex offers unparalleled grandeur and scale.

Resplendent with outstanding natural light streaming in through 13 windows facing Park Avenue and almost 55 feet of Park Avenue frontage on each floor, this sprawling residence features a graceful layout with beautiful hardwood floors, soaring ceilings, classic moldings, and three wood burning fireplaces. Off a private elevator vestibule and anchored by the graceful and impressive marble gallery with sweeping staircase and 11-foot ceiling, the entertaining floor includes a baronial 35-foot living room overlooking Park Avenue. Adjacent is the handsome paneled library also facing Park Avenue and a 26-foot elegant formal dining room, each of which enjoy marble-mantled wood burning fireplaces.

The western wing of the apartment includes a spacious 23-foot windowed kitchen, a breakfast room, a butler’s pantry, and vast storage. Additionally, there is a laundry room, staff room, and bath. A powder room and coat closet situated off the gallery complete the residence’s main level.
2 Available Listings for Sale from $17.25M

1-Central-Park-South-01
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From the listing:
This brilliant masterpiece, situated on the most desired corner of the iconic Plaza building, enjoys a magnificent vantage point yielding breathtaking views of Central Park and Fifth Avenue. The 4,299-square-foot, four-bedroom, four and a half-bath residence boasts high-end museum-worthy interiors by architect S.R. Gambrel Inc., who employed master artisans that rebuilt Windsor Castle in England, in a complete transformation that is unparalleled in every last detail.

Exquisite custom millwork, soaring 12-foot ceilings, including those of tasteful old-world hand-drawn plaster, built-ins and fireplaces, rich English oak paneling, striking hand-hammered leather walls from France, and spectacular furnishings from around the world create the ultimate air of sophistication. This unique elegance is met by the latest modern features and systems, among them new HVAC with a humidifier for artwork, and state-of-the-art Savant that allows one-touch control of the lighting, audio, visual and temperature from your smartphone or iPad.
21 Available Listings for Sale from $999K
7 Available Listings for Rent from $6,000

18-Gramercy-Park-South-01 All images of 18 Gramercy Park South via Brown Harris Stevens
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From the listing:
Created by the same master craftsman whose genius brought us 15 Central Park West, an internationally acclaimed residence, this 1927 pre-war edifice has been re-imagined as a state of the art condominium full service residence which sets a new standard in downtown living. Two elegant key locked elevators provide direct access into the 4,200-square-foot full floor apartment which enjoys 40 foot of frontage on Gramercy Park, 130 feet on Irving Place with 28 windows and beautiful views of the revered and much heralded private Gramercy Park and noteworthy nearby buildings.

Enjoy the comfort of 4 bedrooms, 5.5 baths, and abundant light provided by multiple exposures. The large entry foyer and glamorous gallery leads dramatically into an apartment that is perfect for living and entertaining. The capacious living room, formal dining room/library provides for elegant formal living while a large state of the art kitchen and eat in family space is conducive to relaxed family dining. The furniture-grade hand-painted cabinetry by Smallbone of Devizes, LeFroy Brooks fittings and accessories, white quartzite counter tops and back splash, Wolf cooking and warming appliances, Sub-Zero refrigeration and wine storage, Miele dishwasher and fully vented hood add to the comfort of this home. The powder room is handsomely finished with a rich Black Onyx vanity, back splash and floors. With grand proportions and six windows, the 27′ × 14′10" primary bedroom also features two full windowed baths with radiant heated floors. provide an ultra-luxurious and private sanctuary, a Gris Souris marble slab shower, a Calacutta Caldia marble slab steam shower, and a freestanding cast-iron soaking tub.

27-East-79th-Street-01 27 East 79th Street via Douglas Elliman
1 Available Listing for Sale for $11M

524-East-72nd-Street-01 All images of The Belaire via Sotheby's International Realty
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From the listing:
Occupying the entire 50th floor atop the building, this special home features stunning panoramic views from all 4 exposures – including skyline, river, bridge, and park views. PH4 is a full-floor, triple mint, luxury home that was gut-renovated to exacting standards by the award-winning Pier, Fine Associates Architects; the penthouse’s scale, volume, and thoughtful layout make it perfect for both grand entertaining and luxurious family living spanning nearly 4,000 square feet of combined indoor and outdoor living.

Upon arrival, your elevator opens into a dramatic private elevator lobby that is encased in custom millwork and accented with cove lighting. The landing then flows into the sprawling loft-like great room with 12’ +/- ceilings, floor-to-ceiling windows, and direct access to the professionally landscaped 1,000 +/- square-foot wrap terrace with custom lighting and irrigation system. The great room – replete with a wood burning fire place, and discreetly built-in wine and bar storage – seamlessly flows into the breakfast room and gourmet chef’s kitchen that features custom cabinetry, marble counters, and the full suite of top-of-the-line appliances.
6 Available Listings for Sale from $799K
4 Available Listings for Rent from $3,500

Top Contracts
601-Washington-Street-01 All images of 601 Washington Street via Compass
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601-Washington-Street-03
From the listing:
Perched above Washington and Leroy Streets, Penthouse West sprawls across 7,172 interior square feet and 1,619 exterior square feet with 4 exposures. Penthouse West's exceptional features include six bedrooms with en-suite bathrooms, two powder rooms, two private Edmund Hollander-designed landscaped terraces with bluestone pavers; private interior elevator; ceiling heights ranging from 11'6 to 16'5; a complete lighting package designed by David Clinard Design Studio, Lutron Homeworks lighting and shade control system; 7 inch wide-plank white oak flooring, fully ventilated Double LG washer and dryers. Floors, walls, and windows have been acoustically engineered to create a quiet haven for wellness. Entertaining Level: Designed for sophisticated entertaining, the formal entry foyer welcomes you to a dramatic two-corner great room featuring dramatic south, west, and east views. The smartly situated professional chef's kitchen features a custom Lacquer SieMatic Kitchen chosen to compliment sun-drenched space and the unique architectural aesthetic of the home. A Quartzite waterfall island, countertop and backsplash include fully integrated appliances including a Gaggeneau 36 inch Cooktop, Miele double ovens with integrated microwaves, Sub-Zero wine cooler, Sub-Zero 36 inch refrigerator, custom vented exhaust hood, two dishwashers, and two Whitehaus under mount sinks. Adjacent to the kitchen, on the North-West corner of the Hollander-designed landscaped terrace, is a fully equipped summer kitchen and bar. Plentiful seating, large dining area and corner fire-pit create a large entertaining area where you and your guests can capture unsurpassed sunsets over the Hudson River.

34-East-62nd-Street-01 All images of 34 East 62nd Street via Douglas Elliman
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From the listing:
Located in one of the most desirable and historic neighborhoods in Manhattan and situated between Madison and Park Avenues, 34 East 62nd Street presents a unique opportunity to own a newly constructed 20-foot wide "Landmark" townhouse. The property was designed by world renowned architect Henry Jessup (HS Jessup Architects) and built by Steve Mark (SMI Construction Management), considered one of the finest contractors in Manhattan, and given the stamp of approval by the Landmarks Preservation Commission. Situated opposite Hermes and the finest Madison Avenue has to offer, the block is both residential and convenient to midtown. The townhouse features state-of-the art construction and technology, a French Limestone facade with stunning windows reminiscent of mansions in Paris, and an elegant slate mansard roof. Comprising an astonishing +/- 9,200 square feet with 5 floors plus a full height basement, it is an outstanding opportunity for the buyer looking to complete and customize this remarkable property as he or she desires.

155-East-79th-Street-01 All images of 155 East 79th Street via Sloane Square LLC
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From the listing:
The architectural features and interior design particular to this 5th floor residence combine to create a welcoming, comfortable, and exceptionally beautiful home. The private elevator opens directly into the apartment's 5th floor and 6th floor entrance galleries. The 5th floor entrance features a sweeping staircase to the 6th floor of the apartment. The gallery leads to the grand and dramatic 31' living room with a grand white stone wood-burning fireplace, over 10' ceilings and a wall of French floor-to-ceiling windows facing south from two Juliet balconies. This wall of windows allows the incredible southern sunlight and city views which radiate into the living room, adjacent formal dining room and all other rooms on this floor. The elegant dining room leads into the oversized modern eat-in kitchen, which is filled with southern light and city views from and in addition receives the beautiful Northern light from the terrace. The eat-in kitchen has Miele and Gaggenau appliances, stone floors, custom made steel and walnut cabinets and a large island made of limestone.
1 Available Listing for Sale for $9M

40-Bleecker-Street-01 All images of 40 Bleecker Street via Douglas Elliman
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From the listing:
The final remaining Penthouse opportunity at 40 Bleecker Street, Penthouse F occupies the coveted southwest corner of the building, spanning 2,654 interior and 1,016 exterior square feet and offering three bedrooms three-and-a half bathrooms, imbued with a timeless yet modern beauty and an authentic story of material and craftsmanship throughout. Beyond the formal entry foyer, where expansive 10'-6" coved ceilings both absorb and reflect light, a gracious gallery lined with windows leads to the luminous corner great room, where three walls of floor-to-ceiling windows reveal stunning Manhattan views from a rare Noho vantage point. Sliding glass doors open directly to the private terrace, where thoughtful plantings by Edmund Hollander create multiple living and dining spaces, lining the Noho skyline with a burst of lush nature. In a versatile open layout that encourages entertainment and leisure, the living space elegantly unfolds toward the impeccably tailored custom Ryan Korban designed kitchen, merging refined detail with rich materials. Balancing the light warmth of Listone Giordano chevron French oak floors, a striking cantilevered island crafted in hand-selected honed statuary marble is a sculptural work of art that serves as a meaningful focal point for the space. Elegant Italian cerused oak cabinetry with fluted bronze-hued glass and fluted SABaxter burnished nickel hardware are a beautiful soft contrast to the kitchen's Brustalist-inspired features, including a book-matched stone hood. Miele appliances and Lefroy Brooks accessories blend form and function for a sophisticated finish.
4 Available Listings for Sale from $6M

275-West-10th-Street-01 All images of The Shephard via Serhant
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From the listing:
Located at the sought after Shephard Condominium in the heart of the West Village, this corner 3,160-square-foot three-bedroom, three and a half-bathroom home is flooded with light from its southern and western exposures and boasts Hudson River views from every room. Imagine the sunsets bouncing off the water while passing by one of the many oversized windows in the 36-foot-long Great Room. A room grand enough for the ultimate entertainer, yet cozy enough for intimate gatherings with room for multiple seating areas. The dining room alone could easily accommodate 12 dinner guests for a formal (or less than formal) affair. The welcoming and impactful entry foyer divides the public spaces from the tucked away private bedroom wing. The gallery wall that leads to the Great Room is lined with multiple closets for extra storage as well as a graceful and sizable powder room for guests. The open concept living, dining, and kitchen area makes ease of entertaining top of mind. The windowed Smallbone chef's eat-in kitchen with a suite of Miele appliances is chic and sophisticated with ample counter space for prepping, serving, or casual dining. Leading off the bedroom hallway you'll find the three well appointed bedrooms. The first two are sizable secondary bedrooms with ample closet space. The first of which is equipped with an en suite bath and currently configured as a stunning home office with custom built ins disguising a tucked away murphy bed for those occasional guests who may never want to leave. The primary bedroom suite includes two walk-in closets and a beautifully appointed marble bath with stall shower, soaking tub, and double sinks with mahogany and brass accents.

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