Pre-war condos and co-ops reigned supreme in last week's top contracts and closings recorded
Over the past seven days, eight contracts were signed for luxury apartments priced at $4 million and above in New York City. The July 4 holiday cut the business week short, but Olshan Realty's market report notes that this total was only one contract fewer than this time last year, when the higher mansion tax went into effect. This week's sales-contract volume totaled $59,965,000.
The top contract was #4B, a three-bedroom listed for $11.4 million, at 443 Greenwich Street. The building is an ultra-private factory conversion that has proven a favorite among celebrities, and the listing broker did not provide any details on the transaction. The second-highest contract took place at One57, home of last week's top contract. This one, #38F, is a fully furnished three-bedroom listed for $10.95 million. This apartment was sold by the sponsor Extell. Indeed, half of the properties sold were by sponsors or developers in the highest total of developer sales since just before the New York lockdown.
In this article:
443 Greenwich Street had last week's top contract signing via Douglas Elliman
For the last week of June 28 to July 4, there were a total of 155 condo, condop, and co-op residential sales recorded in Manhattan blending to an average price $1.44 million and an aggregating to $221.8M. This represents a sizeable increase from last week's 113 closings amounting to $145M in deals. The majority of sales closed in early to mid-June.
Last week's 55 condo sales came in at an average of $1.84 million or $1,520 per square foot. The 96 co-op sales averaged $1.298M. There were 37 sales of $2M or more recorded this past week, substantially up from the week prior. See the full list of sales recorded last week below.
View from 4 Sutton Place's penthouse towards Long Island City
Manhattan Closings Recorded Last Week
Top Contracts
Condo | 3 beds, 3.5 baths | 3,454 ft2
All images of 443 Greenwich Street via Elegran
From the listing:
Nestled on a quiet, cobblestone corner, 4B is an exquisite home in the renowned 443 Greenwich that is the epitome of classic, Tribeca, loft living paired with modern amenities. Upon entering through the private, keyed elevator, which is accessible from the lobby or the private parking garage, you will be greeted by soaring ceilings in the grand foyer. Continue into the enormous living and entertainment area with white oak hardwood floors and 12 custom designed arched windows on both sides that flood the home with warm natural light. The Christopher Peacock-designed kitchen leaves little to be desired with custom wood cabinetry and top of the line appliances from Miele, Wolf, Sub-Zero, and full height Gaggenau wine refrigerator. There is also a wet bar surrounding the 2-inch thick Calacatta marble kitchen island with mirror polished stainless steel legs.
Nestled on a quiet, cobblestone corner, 4B is an exquisite home in the renowned 443 Greenwich that is the epitome of classic, Tribeca, loft living paired with modern amenities. Upon entering through the private, keyed elevator, which is accessible from the lobby or the private parking garage, you will be greeted by soaring ceilings in the grand foyer. Continue into the enormous living and entertainment area with white oak hardwood floors and 12 custom designed arched windows on both sides that flood the home with warm natural light. The Christopher Peacock-designed kitchen leaves little to be desired with custom wood cabinetry and top of the line appliances from Miele, Wolf, Sub-Zero, and full height Gaggenau wine refrigerator. There is also a wet bar surrounding the 2-inch thick Calacatta marble kitchen island with mirror polished stainless steel legs.
2 Available Listings from $15M
Condo | 3 beds, 3.5 baths | 2,416 ft2
All images of One57 via Extell
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From the listing:
Fully furnished, move-in ready, a true turn-key residential experience inside the ultra-luxurious One57 condominium. Sitting above the 5-star Park-Hyatt, this 3 residence has not only city views of Midtown Manhattan, but also captures expansive uptown views bringing Central Park to you day or night. Floor-to-ceiling windows let you and your guests fully comprehend what life at One57 is all about, views, luxury, and home. Bathrooms are custom designed by Thomas Juul Hansen and appointed with marble, onyx and custom glass finishes. The Chef's kitchen was designed for entertaining in mind with professional appliances by Miele, Subzero wine cooler, and hand crafted custom cabinetry by the award winning Smallbone of Devizes.
Fully furnished, move-in ready, a true turn-key residential experience inside the ultra-luxurious One57 condominium. Sitting above the 5-star Park-Hyatt, this 3 residence has not only city views of Midtown Manhattan, but also captures expansive uptown views bringing Central Park to you day or night. Floor-to-ceiling windows let you and your guests fully comprehend what life at One57 is all about, views, luxury, and home. Bathrooms are custom designed by Thomas Juul Hansen and appointed with marble, onyx and custom glass finishes. The Chef's kitchen was designed for entertaining in mind with professional appliances by Miele, Subzero wine cooler, and hand crafted custom cabinetry by the award winning Smallbone of Devizes.
15 Available Listings from $3.6M
Co-op | 2 beds, 2.5 baths
All images of 4 Sutton Place via Douglas Elliman
From the listing:
This one-of-a-kind sun-splashed duplex sanctuary in the sky contains two bedrooms (one of which is currently configured as an exquisite library), 2.5 baths and terraces on both levels perched atop Rosario Candela's Sutton Place masterpiece. This simply stunning home features breathtaking unobstructed eastern and southern exposures and a gorgeous vista of the river and bridge with incredible landmarks as far as the eye can see. Bask in the warm glow of the setting sun while sipping cocktails or dining al fresco within your opulent 1,100-square-foot wraparound river-facing terrace, with plenty of room for multiple seating areas and even your own herb garden.
This one-of-a-kind sun-splashed duplex sanctuary in the sky contains two bedrooms (one of which is currently configured as an exquisite library), 2.5 baths and terraces on both levels perched atop Rosario Candela's Sutton Place masterpiece. This simply stunning home features breathtaking unobstructed eastern and southern exposures and a gorgeous vista of the river and bridge with incredible landmarks as far as the eye can see. Bask in the warm glow of the setting sun while sipping cocktails or dining al fresco within your opulent 1,100-square-foot wraparound river-facing terrace, with plenty of room for multiple seating areas and even your own herb garden.
3 Available Listings from $795K
Condo | 4 beds, 3 baths | 3,232 ft2
All images of 101 West 78th Street via The Corcoran Group
From the listing:
Reimagined by award winning interior designer Stephen Sills and emanating luxury and elegance, this one-of-a-kind residence has soaring ceilings and offers modern luxuries and amenities. In additional to a grand scale living/dining room, there are two extra rooms which are flexible in their usage. Those rooms include a large library with picturesque views which is just off the living room, as well as a sizable media room/home office and elegant powder room. This grand loft like apartment also features a beautifully-designed open kitchen. This stylish and grand scale home has 10 6" ceilings, wide plank oak herringbone floors and fabulous cross ventilation.
Reimagined by award winning interior designer Stephen Sills and emanating luxury and elegance, this one-of-a-kind residence has soaring ceilings and offers modern luxuries and amenities. In additional to a grand scale living/dining room, there are two extra rooms which are flexible in their usage. Those rooms include a large library with picturesque views which is just off the living room, as well as a sizable media room/home office and elegant powder room. This grand loft like apartment also features a beautifully-designed open kitchen. This stylish and grand scale home has 10 6" ceilings, wide plank oak herringbone floors and fabulous cross ventilation.
Co-op | 4 beds, 3.5 baths | 3,000 ft2
All images of The Powell Building via R New York
From the listing:
When you enter the penthouse, you will immediately fall in love with the 11' ceilings and the open layout that flows seamlessly throughout. The space has several windows facing all four directions allowing an abundance of light, including open views of the Hudson River, Empire State building, Freedom Tower and the charming surroundings of Tribeca. On the main level, you will find 3 large bedrooms with 3 full bathrooms and a powder room. The master suite comes with a massive walk-in closet leading to a modern en-suite bathroom with a soaking tub and steam shower. Off of the living area you will find a generous size office that can easily be converted to a 4th bedroom with en-suite bath. The oversized kitchen overlooks the expansive double corner living and dining area wrapped with windows and views in three directions.
When you enter the penthouse, you will immediately fall in love with the 11' ceilings and the open layout that flows seamlessly throughout. The space has several windows facing all four directions allowing an abundance of light, including open views of the Hudson River, Empire State building, Freedom Tower and the charming surroundings of Tribeca. On the main level, you will find 3 large bedrooms with 3 full bathrooms and a powder room. The master suite comes with a massive walk-in closet leading to a modern en-suite bathroom with a soaking tub and steam shower. Off of the living area you will find a generous size office that can easily be converted to a 4th bedroom with en-suite bath. The oversized kitchen overlooks the expansive double corner living and dining area wrapped with windows and views in three directions.
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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