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778 Park Avenue, #9THFLOOR (Sotheby's International Realty) 778 Park Avenue, #9THFLOOR (Sotheby's International Realty)
As February 2024 gave way to March, a total of 27 luxury contracts (defined here as $4 million and up) were signed in Manhattan. While this is two fewer than last week's 2024 high, Olshan Realty's luxury market report ("Olshan") notes that it was the third week in a row that more than 25 luxury deals were signed.
The top apartment contracts were emblematic of the neighborhoods and buildings favored by New York's wealthiest. Leading the charge was the ninth-floor residence of the Rosario Candela-designed 778 Park Avenue, which was asking $20,000,000. The contract came in a few weeks after a $5 million price reduction and roughly five months after the seller, former American Express CEO James Robinson, put it on the market in October 2023. The buyer was not identified, but another mogul would not be surprising: Not only does Olshan note that the co-op's board does not allow financing, but Estée Lauder executive William Lauder bought investor Ronald Perelman's apartment in the building in June 2023.

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Superior Ink, 400 West 12th Street
Superior Ink, 400 West 12th Street West Village
Central Park Tower, 217 West 57th Street
Central Park Tower, 217 West 57th Street Midtown West
129 East 70th Street
129 East 70th Street Park/Fifth Ave. to 79th St.
40 Leroy Street
40 Leroy Street Greenwich Village
14 East 81st Street
14 East 81st Street Carnegie Hill
It was closely trailed by Residence #69W at Central Park Tower, which had the top condo contract and third-highest overall with a $19,500,000 asking price. The 3,165-square-foot unit features three bedrooms, three and a half baths, an expansive Great Room, a corner primary suite, and panoramic views of the Manhattan skyline and the Hudson River. Residence #69W's contract comes shortly after #69E entered contract in January 2024.
Living room with arched windows and fireplace 14 East 81st Street, #TH (Modlin Group LLC)
Meanwhile, for the second time in 2024, four townhouses accounted for Manhattan's top ten contracts. The top townhouse contract and second-highest overall was for 14 East 81st Street, which was not far behind the top sale with an asking price of $19,995,000, down from $22 million when it was listed in August 2023. The five-story, 8,200-square-foot house dates back to the 1880s, and its limestone facade looks as beautiful as when it was first designed by Thom & Wilson, but has been updated with such modern features as a commercial-sized elevator, built-in sound system, kitchen with top-of-the-line appliances, and basement wine cellar. Central Park is at the end of the block, but the house offers abundant outdoor space in the form of a landscaped garden, parlor-level Juliet balconies overlooking the garden, and terraces off the third-floor primary suite and fourth-floor bedrooms.

One High Line, #EAST20B (Corcoran Group)
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45 Canal Street, #TH (Compass)

Superior Ink, #12B (Douglas Elliman Real Estate)

Living room with fireplace and beamed ceiling 955 Fifth Avenue, #4/5A (Sotheby's International Realty)
Entrance foyer with staircase
Windowed kitchen
From the Listing: Luxury Fifth Avenue duplex with direct Park views. This non-replicable residence is a modern masterpiece that accentuates a naturally elevated and gracious lifestyle. This architecturally significant duplex boasts over 70 feet of direct Central Park views over two floors. The extraordinary home underwent a meticulous four-year designer renovation and is in triple mint condition, offering 13 voluminous rooms, 5 bedrooms, and 5.5 bathrooms, spanning nearly 5,000 square feet. The gallery foyer boasts high ceilings and is modeled after a 16th century Venetian Palazzo. The Carerra marble floors have geometric patterns. A custom designed, Lindsey Adelman chandelier hangs 20 feet above the double height staircase. This impressive reception room has custom Venetian plaster walls that grace the staircase area and upper foyer walls along with LED lighting. See floor plan and full details here.

955 Fifth Avenue has 1 public availability asking $7,250,000.

The Stanhope, #5S (Douglas Elliman Real Estate)

40 Leroy Street, #TH (Compass)

129 East 70th Street, #TH (Serhant LLC)

135 East 79th Street, #PH15E (Compass)

Central Park Tower, #69W (Corcoran Sunshine Marketing Group)

14 East 81st Street, #TH (Modlin Group LLC)

778 Park Avenue, #9thFloor (Sothebys International Realty)
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