Top Contracts: Townhouses dominate with "privacy as the highest luxury"; Bad Bunny's former penthouse finds a buyer

By CityRealty Staff | From Future New York Monday, March 25, 2024

126 Pierrepont Street, #TH (Leven Real Estate)

While the first week of spring 2024 is off to a somewhat chilly start for New York, the Manhattan real estate market is heating up as it reaches peak selling season: The week of March 18-24, 2024 marked the highest number of contracts signed in 2024 to date.

When garage-turned-boutique condominium 125 Perry Street recorded over $110 million in contracts last week, there is a reason that few details were available about the interiors: The Wall Street Journal notes that construction has not even begun yet and completion is estimated for 2026. Nevertheless, from March 18-24, 2024, it had New York's top three contracts by a comfortable margin: A five-bedroom penthouse was asking $57,500,000. It was trailed by a townhouse unit asking an even $32,000,000 and a three-bedroom unit asking $22,500,000.

While 125 Perry Street's interiors will be transformed into spacious, luxurious apartments, the exterior will keep its industrial facade with stenciled parking garage signs. One of the building's brokers, Jim St. Andre of Compass, said this likely works in its favor, commenting that some celebrities determine the livability of a building by how difficult it is for the paparazzi to find them. The project's architect, Marc Turkel of Leroy Street Studios, concurred, describing privacy as "the highest luxury" for its target market.

The desire for privacy could also explain the top apartment contract outside 125 Perry Street: Penthouse A at Jardim, Brazilian architect Isay Weinfeld's contribution to the West Chelsea condo market, which is distinguished by its ultra-private driveway. The four-bedroom penthouse was asking $17,995,000, down from the $19.95 million it was listed for in January 2023 but still good enough for the past week's fifth-highest asking price in a tie with the Passive House townhouse at 25 West 88th Street.

Puerto Rican rapper Bad Bunny was reported to be renting the penthouse in fall 2023. But for all its impressive features, which include direct elevator access, four private terraces, and a private roof terrace with an outdoor kitchen and pool, he does not appear to have bought it. The buyer is identified only as being from New York.

109 Waverly Place, #TH, Manhattan's top townhouse contract (Compass)

For some luxury buyers, even the subtlest or best-protected apartment building isn't private enough: Single-family houses accounted for five of New York's top ten highest-priced contracts last week. The top townhouse contract and fourth-highest overall was for 109 Waverly Place, a Greek Revival-style townhouse in Greenwich Village dating back to 1840 and asking $19,995,000. Neither the buyer nor seller was identified, though public records indicate that the seller paid $17,570,000 for it in March 2011.

When the townhouse was listed for $24,950,000 in summer 2022, Robb Report noted that a nearly ten-year renovation by townhouse specialist Wayne Turrett took as long as it did because the Landmarks Preservation Commission required an archeologist to document the excavations and note any findings of interest; these turned out to include a water cistern in the property's yard. It has bee updated with such luxuries as a glass-enclosed pool, a state-of-the-art home gym with steam room, an expansive wine cellar, a top-of-the-line chef's kitchen, a full-floor primary suite featuring an office with keypad entry, and a dramatic staircase and interior elevator to connect all levels.

The top Brooklyn contract was also for a townhouse: 126 Pierrepont Street, a renovated brownstone in the heart of the Brooklyn Heights Historic District, entered contract with a $15,000,000 ask in New York's seventh-highest asking price overall. The townhouse dates back to 1899, and recent updates combine original architecture details with modern infrastructure.

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#10. 14 Bank Street, #TH
Last Ask: $8,995,000

West Village | Townhouse | 4 Bedrooms, 6+ Baths | 3,600 ft²

14 Bank Street, #TH (Leslie J Garfield & Co Inc)

From the Listing: Nestled in the heart of the enchanting West Village, on a charming tree-lined block, stands the timeless elegance of 14 Bank Street. Originally erected in 1861, this historic townhouse, one of six on its distinguished block, captivates with its two-bedroom triplex below an equally enticing second two-bedroom triplex. Spanning approximately 3,600 square feet and boasting an additional 700 square feet in the cellar, this corner landmark exudes a perfect blend of classic charm and modern convenience. Elevating the living experience, the residence features central air conditioning and heat, 10-foot ceilings that impart a sense of grandeur, soaring to over 11-feet on the fifth floor, ornate decorative fireplaces, and the crowning jewel—a delightful roof terrace offering a private escape. See floor plan and full details here.

#9. Selene, #53A
Last Ask: $9,450,000

Midtown East | Condominium | 3 Bedrooms, 3.5 Baths | 3,385 ft²

Selene, #53A (Corcoran Sunshine Marketing Group)

From the Listing: Residence 53A is a 3,385-square-foot full-floor home offering sweeping, panoramic views in every direction. A grand arrival gallery leads to a stunning great room and kitchen and dining area with three sprawling exposures with luminous floor-to-ceiling windows. The Foster + Partners-designed open chef's kitchen features wire-brushed oak cabinetry with integrated pulls and bronze detailing, cabinet-fronted Gaggenau stainless steel appliances, and Italian Carrara marble knife edge countertop and backsplash with embedded ventilation and LED lighting - a true culinary delight that allows for seamless entertaining. Privately located at the opposite end of this impressive residence is the double-exposure primary suite. See floor plan and full details here.

Selene has 9 public availabilities from $1,775,000.

#8. 1001 Park Avenue, #8thfloor7S
Last Ask: $12,250,000 (+2.1%)

Carnegie Hill | Cooperative | 5 Bedrooms, 6+ Baths

1001 Park Avenue, #8thfloor7S (Coldwell Banker Warburg)

From the Listing: Exuding sophistication and elegance, this expansive 5,000-square-foot duplex has graciously proportioned rooms, exceptional natural light and was designed with meticulous attention to detail. The apartment spans the entire Park Avenue frontage of the building. A private elevator landing opens to an impressive foyer. The stunning 32’ sun-filled corner living room overlooks Park Avenue. The large formal dining room faces south and can easily accommodate large gatherings. These splendid rooms have nearly 11 foot ceilings, venetian plaster walls, wood-burning fireplaces and huge windows. The library is adjacent to the living room and faces Park Avenue. There is a large storage room which transfers with the apartment. See floor plan and full details here.

1001 Park Avenue has no public availabilities.

#7. 137 West 77th Street, #TH
$12,995,000

Broadway Corridor | Townhouse | 5 Bedrooms, 6+ Baths | 6,815 ft²

137 West 77th Street, #TH (Compass)

From the Listing: Just around the corner from the Museum of Natural History, moments from Central Park, and in the heart of the Upper West Side is 137 West 77th Street, a newly renovated, historic single-family mansion. Semi-detached, allowing exposures from three sides, the row house was built in the 1890s, and still features many of the original details while incorporating extensive modern elements as part of a redesign by the Turett Collaborative. Spanning nearly 7,000 square feet on an extra-deep, 109-foot lot, the home offers many outdoor spaces, including a front patio, a roof terrace, a terrace off the principal bedroom, and a generously sized backyard. In every sense, the house is built with both comfort and scale in mind, from the private elevator to the many automation systems. See floor plan and full details here.

#6. 126 Pierrepont Street, #TH
Last Ask: $15,000,000

Brooklyn Heights | Townhouse | 6+ Bedrooms, 5.5 Baths

126 Pierrepont Street, #TH (Leven Real Estate)

From the Listing: Discover the pinnacle of refined living at 126 Pierrepont Street, an exquisite 3-family brownstone nestled in the heart of coveted Brooklyn Heights. Dating back to the mid-1800s, this historic gem has been thoughtfully restored to seamlessly merge the elegance of yesteryears with the contemporary conveniences of today, offering three distinctive duplex apartments that redefine urban sophistication. As you step into this lower duplex, a world of sophistication and comfort unfolds before you, graced by both a private garden-level entrance and a grand main parlor entrance. See floor plan and full details here.

#5 (tie). 25 West 88th Street, #TH
Last Ask: $17,995,000

Central Park West | Townhouse | 6+ Bedrooms, 6+ Baths | 8,068 ft²

25 West 88th Street, #TH (Leslie J Garfield & Co Inc)

From the Listing: Designed by architects Thom & Wilson in 1889, 25 West 88th Street is one of the finest renovated single-family townhouses on the Upper West Side. This triple mint home is among the first in Manhattan to receive a national designation as a Platinum Certified LEED Home and Passive Energy Certification. Spread across over 8,000 square feet of interior living space and seven floors are six bedrooms plus several activity rooms leaving space for exercise, meditation and crafts. See floor plan and full details here.

#5 (tie). Jardim, #PHA
Last Ask: $17,995,000

Chelsea | Condominium | 4 Bedrooms, 5 Baths | 4,552 ft²

Jardim, #PHA (Serhant LLC)

From the Listing: Redefine indoor-outdoor city living at this one-of-a-kind penthouse masterpiece at Jardim, a stunning 4-bedroom, 4.5-bathroom condo whose pristine 4,552-square-foot interiors are matched by 4,593 square feet of private outdoor space with a private pool. Sliding glass curtain wall windows in every room offer picturesque city views and enticing indoor-outdoor lifestyle potential. Beautiful 7-inch wide-plank Oscar Ono oak floors with border inlays compliment with custom oak paneling, imported Italian doors, and airy 12-ft ceilings. Four terraces flow seamlessly into living and sleeping areas, and a full-floor rooftop terrace has Hudson River views, an outdoor-kitchen, several seating areas, lush plantings, and a 32-foot lap pool. Direct elevator access spills residents into a windowed gallery with access to the living room, library, and a double-height south-facing terrace. See floor plan and full details here.

Jardim has 2 public availabilities from $3,350,000.

#4. 109 Waverly Place, #TH
Last Ask: $19,995,000

Greenwich Village | Townhouse | 6+ Bedrooms, 6+ Baths | 8,300 ft²

109 Waverly Place, #TH (Compass)

From the Listing: Located in the heart of Greenwich village, this 8,300-square-foot masterpiece boasts 6-8 bedrooms, a state-of-the-art elevator, indoor swimming pool, heated floors, skylit staircase, and multiple outdoor spaces. Meticulously designed by renowned architect, Wayne Turett, 109 Waverly Place has graced the cover of INTERIOR DESIGN magazine and has been featured in multiple publications. See floor plan and full details here.

#3. 125 Perry Street, #3E
Last Ask: $22,500,000

West Village | Condominium | 3 Bedrooms, 4.5 Baths | 4,174 ft²

125 Perry Street, #3E (Compass)

From the Listing: In keeping with the historical context of the West Village and the very characteristics that made it one of the most desirable locales in the city, the transformation of 125 Perry Street is a masterclass in adaptive reuse. Seamlessly marrying original architectural moments with thoroughly contemporary details, stewarded by the artisans of Leroy Street Studio, the building is poised to enter a new chapter of its existence nearly a century after it was originally crafted—now as the home for a select number of discerning owners. See floor plan and full details here.

125 Perry Street has no public availabilities.

#2. 125 Perry Street, #THW
Last Ask: $32,000,000

West Village | Condominium | 4 Bedrooms, 5.5 Baths | 6,821 ft²

125 Perry Street, #THW (Compass)

From the Listing: Seamlessly marrying original architectural moments with thoroughly contemporary details, stewarded by the artisans of Leroy Street Studio, the building is poised to enter a new chapter of its existence nearly a century after it was originally crafted—now as the home for a select number of discerning owners. Building features include a full-time doorman, private driveway, weight room, and sports court. See floor plan and full details here.

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#10. 14 Bank Street, #TH
Last Ask: $8,995,000

#9. Selene, #53A
Last Ask: $9,450,000

Selene has 9 public availabilities from $1,775,000.

#8. 1001 Park Avenue, #8thfloor7S
Last Ask: $12,250,000 (+2.1%)

1001 Park Avenue has no public availabilities.

#7. 137 West 77th Street, #TH
$12,995,000

#6. 126 Pierrepont Street, #TH
Last Ask: $15,000,000

#5 (tie). 25 West 88th Street, #TH
Last Ask: $17,995,000

#5 (tie). Jardim, #PHA
Last Ask: $17,995,000

Jardim has 2 public availabilities from $3,350,000.

#4. 109 Waverly Place, #TH
Last Ask: $19,995,000

#3. 125 Perry Street, #3E
Last Ask: $22,500,000

125 Perry Street has no public availabilities.

#2. 125 Perry Street, #THW
Last Ask: $32,000,000

125 Perry Street has no public availabilities.

#1. 125 Perry Street, #PHW
Last Ask: $57,500,000

125 Perry Street has no public availabilities.

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