Manhattan Contracts:
- From June 13-19, 2022, a total of 226 townhouses, condos, co-ops, and condops entered contract
- The average time on the market was 68 days
- The total sticker price sum came to $472,589,899, and the median last asking price came to $1,197,500
- There were a total of 106 condo deals, coming to a total of $312,528,000. They came to a median asking price of $1,585,000 and spent an average of 72 days on the market
- The four condop deals came to a total of $4,130,000 and a median last asking price of $955K. They spent an average of 48 days on the market
- The 113 co-op deals aggregated to $130,736,899 and came to a median last asking price of $895K. They spent an average of 63 days on the market
- The three townhouse deals came to a total of $25,195,000 and a median last asking price of $9,995,000. They spent an average of 172 days on the market
In this article:
15 Central Park West, Unit 37A (COmpass)
The top contract of the past week was #37A at the Robert A.M. Stern-designed 15 Central Park West, which was asking $26,000,000. The seller of the 3-bedroom, 3.5-bath, 3,105-square-foot condominium was not identified, but we can confirm that they will be taking a loss on it—they paid $30 million for it in 2014 and listed it for $28 million this April.
15 Central Park West has long been a fixture on lists of top sales and contracts, but the next-highest contracts came from a new entrant: The Cortland, a new West Chelsea condominium designed by Robert A.M. Stern Architects in partnership with Olson Kundig. Olshan Realty did not include these in their weekly market report because the head of sales did not confirm when the contracts were signed; however, eight contracts were reported last week totaling to $93.8 million based on thier sticker prices. These included an apartment asking $23,500,000 and another asking $16,750,000, which ranked high enough for the second- and third-highest contracts of the past week. The top five contracts also include a four-bedroom home in the building asking $12,500,000.
The Cortland, June 2022 (CityRealty)
The Cortland, #19AW (Core Group NYC)
Sales at The Cortland officially launched in April 2022 with prices from $4.05 million for two-bedrooms to over $21 million for certain four-bedrooms. To date, the building's 15 publicly listed units range from $1.8 million for a one-bedroom to $25 million for a five-bedroom with a large private terrace. The contracts come at a time when CityRealty data shows that closing prices of Chelsea/West Chelsea condos are nearing record highs.
Like all units at The Cortland, the apartments in contract feature high ceilings, floor-to-ceiling windows, expansive floor plates, beautifully appointed kitchens, and primary baths lined with specialized marble from the Henraux Quarry. Residents will have access to amenities that include a private brick motor court, a double-height attended lobby, a high-tech fitness center, a 75-foot lap pool, a spa area, an accredited squash court, a virtual reality room, and a rooftop terrace.
Notable Contract-Signings
Charlotte Hunnewell Sorchan
226 East 49th Street, #TH
Turtle Bay | Townhouse | 6+ beds, 5.5 baths | 8,000 ft2
Asking Price: $10,500,000 ($1,313 / ft2)
226 East 49th Street, #TH (Corcoran)
Over 100 years ago, heiress Charlotte Hunnewell Sorchan purchased and updated a cluster of 21 Turtle Bay townhouses and situated them around a shared garden. Residents of the townhouses would include Maria Bowen Chapin, Bob Dylan, Katherine Hepburn, Stephen Sondheim, and E.B. White (who reportedly named the title character of Charlotte’s Web after her). She combined two townhouses into one for herself at a time when the practice was all but unheard of, and lived in the massive house until her death in the 1990s. Its most recent owner, banker Olivier Sarkozy, spent years renovating the home before listing it for $11.5 million in August 2021.
From the Listing:
Truly palatial in size, 226 East 49th Street was originally two homes that were combined by Charlotte Hunnewell to serve as her primary residence. Offering over 8,000 square feet, and five floors of living space, the possibilities are endless for how this historic home can be reimagined. From the street, the home displays a regency-style facade with Dutch gables, while the rear of the home exudes Mediterranean attributes. Notable features of the home include five wood burning fireplaces, curb cut with a one car garage and original millwork. Currently architect ready, this one-of-a-kind home allows for endless options dependent on your needs.
From the Listing:
Truly palatial in size, 226 East 49th Street was originally two homes that were combined by Charlotte Hunnewell to serve as her primary residence. Offering over 8,000 square feet, and five floors of living space, the possibilities are endless for how this historic home can be reimagined. From the street, the home displays a regency-style facade with Dutch gables, while the rear of the home exudes Mediterranean attributes. Notable features of the home include five wood burning fireplaces, curb cut with a one car garage and original millwork. Currently architect ready, this one-of-a-kind home allows for endless options dependent on your needs.
14 Harrison Street (CityRealty)
14 Harrison Street, #5/6 (Compass)
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As a duplex loft in a former cheese warehouse shows, it wasn’t just visual artists who embraced Tribeca’s once-industrial buildings: Writer Edward Albee bought his apartment in the late 1970s, wrote some of his celebrated plays at the kitchen table, and entertained the likes of Lauren Bacall and Kathleen Turner in the dramatic living space. The apartment has been on and off the market since November 2018, and has recently entered contract with an asking price 39 percent below the original ask of $9 million. Mr. Albee's famed art collection is not included in the sale, but the apartment does come with exclusive roof rights.
From the Listing:
Immediately upon entering this dramatic space, one is transported back to the origins of Tribeca loft-living, with massive spaces, exposed brick and, in this case, double-height ceilings. This provides a blank canvas for your vision. Currently configured as a 2-bedroom, 2-bathroom home with 3 exposures, the possibilities are endless. A sweeping 35-foot wide living and dining area makes this loft extremely conducive for both living, creating, and entertaining. The atelier skylight nearly 18 feet above the main floor floods the home with natural light throughout the day.
From the Listing:
Immediately upon entering this dramatic space, one is transported back to the origins of Tribeca loft-living, with massive spaces, exposed brick and, in this case, double-height ceilings. This provides a blank canvas for your vision. Currently configured as a 2-bedroom, 2-bathroom home with 3 exposures, the possibilities are endless. A sweeping 35-foot wide living and dining area makes this loft extremely conducive for both living, creating, and entertaining. The atelier skylight nearly 18 feet above the main floor floods the home with natural light throughout the day.
Top Contract-Signings
15 Central Park West, #37A (Compass)
From the Listing:
Situated on the 37th floor of the Tower at 15 Central Park West is this 3,105-square-foot residence beautifully designed by interior designer Russell Piccione. This home provides triple exposures, sublime light from sunrise to sunset and sought-after expansive views of Central Park, Columbus Circle, the Hudson River and beyond. With only one other apartment on the floor, residence 37A is remarkably private.
Situated on the 37th floor of the Tower at 15 Central Park West is this 3,105-square-foot residence beautifully designed by interior designer Russell Piccione. This home provides triple exposures, sublime light from sunrise to sunset and sought-after expansive views of Central Park, Columbus Circle, the Hudson River and beyond. With only one other apartment on the floor, residence 37A is remarkably private.
The Cortland (CityRealty)
The Cortland, #22AW (Core Group NYC)
From the Listing:
Residence 22AW is 4,091 square feet with five bedrooms and five-and-a-half bathrooms. The expansive, open-plan living and dining areas feature unobstructed views of the Hudson River, a 28-foot corner great room with a fireplace, a windowed eat-in kitchen with a custom Olson Kundig-designed Jackbox, warm wood flooring, and floor-to-ceiling windows.
Residence 22AW is 4,091 square feet with five bedrooms and five-and-a-half bathrooms. The expansive, open-plan living and dining areas feature unobstructed views of the Hudson River, a 28-foot corner great room with a fireplace, a windowed eat-in kitchen with a custom Olson Kundig-designed Jackbox, warm wood flooring, and floor-to-ceiling windows.
15 Available Listings for Sale from $1,800,000
From the Listing:
Residence 22BW is 2,933 square feet with three bedrooms and three-and-a-half bathrooms. The expansive, open-plan living and dining areas feature unobstructed views of the Hudson River, a 29-foot corner great room, family room, a kitchen with a custom Olson Kundig-designed Jackbox and a walk-in pantry, warm wood flooring, and floor-to-ceiling windows. The primary bedroom suite offers a fireplace and double walk-in closets.
Residence 22BW is 2,933 square feet with three bedrooms and three-and-a-half bathrooms. The expansive, open-plan living and dining areas feature unobstructed views of the Hudson River, a 29-foot corner great room, family room, a kitchen with a custom Olson Kundig-designed Jackbox and a walk-in pantry, warm wood flooring, and floor-to-ceiling windows. The primary bedroom suite offers a fireplace and double walk-in closets.
15 Available Listings for Sale from $1,800,000
The Greenwich Lane, #PH7W (Corcoran)
From the Listing:
Perfectly perched in the Greenwich Lane Condominium with open views over the West Village, this 2,516-square-foot three-bedroom, three and a half-bath plus two terraces captivates with 80 feet of sun-drenched open south views. The generous entry gallery leads to a 30 X 21 Great Room with handsome floor to ceiling windows and French doors to the north and south, which open to two large entertaining terraces. The gourmet windowed chef’s kitchen includes wood-paneled cabinetry, marble slab counter-tops, polished stainless steel hardware and is equipped with top-of-the-line appliances including a Sub-Zero refrigerator, Sub-Zero freezer, Sub-Zero wine refrigerator, Miele dishwasher, Wolf six-burner range and griddle, Wolf double-oven and built-in Wolf microwave and opens to the north terrace.
Perfectly perched in the Greenwich Lane Condominium with open views over the West Village, this 2,516-square-foot three-bedroom, three and a half-bath plus two terraces captivates with 80 feet of sun-drenched open south views. The generous entry gallery leads to a 30 X 21 Great Room with handsome floor to ceiling windows and French doors to the north and south, which open to two large entertaining terraces. The gourmet windowed chef’s kitchen includes wood-paneled cabinetry, marble slab counter-tops, polished stainless steel hardware and is equipped with top-of-the-line appliances including a Sub-Zero refrigerator, Sub-Zero freezer, Sub-Zero wine refrigerator, Miele dishwasher, Wolf six-burner range and griddle, Wolf double-oven and built-in Wolf microwave and opens to the north terrace.
The Cortland, spring 2022 (CityRealty)
From the Listing:
Residence 19AW is 3,004 square feet with four bedrooms and four-and-a-half bathrooms. The expansive, open-plan living and dining areas feature unobstructed views of the Hudson River, a 29-foot corner great room, a windowed eat-in kitchen with a custom Olson Kundig-designed Jackbox, warm wood flooring, and floor-to-ceiling windows.
Residence 19AW is 3,004 square feet with four bedrooms and four-and-a-half bathrooms. The expansive, open-plan living and dining areas feature unobstructed views of the Hudson River, a 29-foot corner great room, a windowed eat-in kitchen with a custom Olson Kundig-designed Jackbox, warm wood flooring, and floor-to-ceiling windows.
15 Available Listings for Sale from $1,800,000
Would you like to tour any of these properties?
Just complete the info below.
Or call us at (212) 755-5544
Would you like to tour any of these properties?
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