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Woolworth Tower Residences #PAVILIONA, the past week's second-highest luxury contract (Sotheby's International Realty) Woolworth Tower Residences #PAVILIONA, the past week's second-highest luxury contract (Sotheby's International Realty)
Manhattan Sales:

  • In the third full week of April 2022, a total of 256 condo, co-op, and condop sales were recorded in Manhattan
  • The aggregate total of sales was $483.9 million, and came to a median sales price of $1.398 million
  • 131 condo sales came to a median price of $1.675 million ($1,585 per square foot)
  • Five condop sales came to a median price of $1.595 million
  • 120 co-op sales came to a median price of $999K

The past week saw 49 fewer sales than last week, and the aggregate total of sales was down 22.7 percent. However, it should be noted that the Easter, Passover, and Ramadan holidays fell at the same time in 2022, which could explain the quieter week. Rising mortgage rates could also be a factor in the slower than average April so far.
The top sale of the past week was a high-floor condo at The Four Seasons Private Residences, which closed for $11,600,000, or 31.2 percent below its last listing price of $16,850,000. Not only do residents have access to the amenities and services of the Four Seasons Downtown, which include Wolfgang Puck restaurant CUT, but the 38th floor is dedicated to residents-only amenities. The buyers and sellers were identified only through LLCs.
The Four Seasons sale was trailed closely by one at The Plaza, which closed for $10,000,000. Seller Vladimir Stolyarenko is a Russian banker and the former president and chairman of the board of Evrofinance Mosnarbank; the buyer is his wife, Alfiya Stolyarenko. While Mr. Stolyarenko's work as the co-sponsor of several anti-corruption initiatives is not likely to make him a favorite of Russian President Vladimir Putin, the sale nevertheless comes at a time when Russian oligarchs and executives all over the world are seeing their assets frozen or seized in response to Russia's invasion of Ukraine, which just entered its second month. According to the New York Observer, Mr. Stolyarenko paid $10,184,363.46 for it in 2007.

Manhattan Contracts:

  • From April 18-24, 2022, a total of 302 townhouses, condos, co-ops, and condops entered contract
  • The average time on the market was 83 days
  • The total sticker price sum came to $721,698,576, and the median last asking price came to $1.28 million
  • The 126 condo deals came in at a median asking price of $1.999 million, and spent an average of 109 days on the market
  • The 12 condop deals came to a median last asking price of $12.57 million, and spent an average of 52 days on the market
  • The 154 co-op deals came to a median last asking price of $948K and spent an average of 59 days on the market
  • Eight townhouse deals came to a median last asking price of $6.24 million and spent an average of 176 days on the market

432 Park Avenue, #82FL
432-Park-Avenue-01 432 Park Avenue, #82 (Douglas Elliman)
Last week, the headlines were abuzz about a $79,000,000 contract at 432 Park Avenue, the Rafael Vinoly-designed supertall on Billionaires' Row. The full-floor, 8,054-square-foot combination unit with soaring ceilings and breathtaking views was originally listed for $90,000,000 in August 2020; nevertheless, CityRealty statistics show that if the sale goes through, it will be the largest residential sale of this year and one of the biggest real estate deals since the onset of the pandemic. Olshan identified the buyer as someone who already lives in the building and is undeterred by reports of design problems exposed in The New York Times.
The second-highest contract was a pavilion residence at The Woolworth Tower Residences, which was asking $23,3355,000, or 30 percent off the original listing price of $33,350,000. The Woolworth Tower was the tallest building in the world when it was completed in 1913; today it is one of New York's most prestigious condos. Only one listing, the five-story Pinnacle Penthouse, remains on the market for $79,000,000.

Top Sales
30-Park-Place-01 Four Seasons Private Residences (Compass)
From the Listing:
Enjoy sweeping skyline and river views as well as world-renowned service 76 floors up at the Four Seasons Private Residences. This expansive never before lived in half floor penthouse has 3 masterfully designed bedrooms, 4.5 well-appointed bathrooms, 2 breathtaking loggias, and soaring 16’ ceilings. At 3,173 square feet, penthouse 76B welcomes guests in its spacious reception hall which leads to a sun drenched 30’ south and west facing living room. Complete with French-limestone gas burning fire place and solid herringbone wood floors, the living room leads to a separate 18’ corner dining room with south and east exposures. The eat in kitchen with Bilotta rift-cut oak kitchen cabinetry, wet-bar, and Gaggenau appliances, opens to the family room and eastern loggia.
10 Available Listings for Sale from $2.35M
1 Available Listing for Rent for $29,500/month

1-Central-Park-South-01 The Plaza (Elegran)
21 Available Listings for Sale from $999K
6 Available Listings for Rent from $7,500/month

525-West-27th-Street-01 Jardim
From the Listing:
Duplex Penthouse: 9S is a custom Isay Weinfeld masterpiece with glorious open city and Hudson River views and soaring 11-foot ceilings throughout, offering an attention to detail rarely found in new development. The seductive penthouse residence is the paradigm of understated modern luxury living: 3,663 perfectly appointed interior square feet opening seamlessly to 804 square feet of private outdoor space through spectacular sliding walls of glass to create the most dramatic indoor-outdoor living experience in New York City. Direct elevator entry leads to a perfectly proportioned great room measuring nearly 40 feet long by 10 feet wide with floor-to-ceiling sliding glass walls that open to a nearly 16-foot-deep by 33-foot-long terrace bathed in sunlight with river and city views. A tucked away library/den also opens to the outdoor space, creating a massing 723-square-foot indoor/outdoor entertaining space when both glass walls are open.
4 Available Listings for Sale from $1.795M
1 Available Listing for Rent for $23,000/month

217-West-57th-Street-01 Central Park Tower, #62N (Extell)
From the Listing:
This north facing two bedroom, two and one-half bathroom residence at Central Park tower, provides for the ultimate in luxury New York City living. The intelligently designed floor plan features direct views of Central Park from every room at an elevation of 676 feet. The formal entry foyer and gallery open into the great room featuring soaring ceiling heights of 10’7" and floor-to-ceiling glass spanning the entire residence, allowing for an abundance of natural light throughout the home. The split bedroom layout provides for privacy and comfort with en-suite bathrooms as well as a separate powder room. The gourmet kitchen features custom cabinetry by Smallbone of Devizes and premium Miele appliances. The highly sought-after “N” line offers the unique opportunity to own a two-bedroom residence on Manhattan’s Billionaires’ Row with direct Central Park views.
11 Available Listings for Sale from $8.3M
3 Available Listings for Rent from $17,500/month

150-East-78th-Street-01 150 East 78th Street, #7A (CityRealty)
From the Listing:
Residence #7A is a gracious four-bedroom, four-and-a-half-bath 2,881-square-foot residence that provides a flexible floor plan and north and west exposures, highlighting the charming townhomes and treetops along 78th Street. With a private elevator vestibule, the apartment provides the utmost privacy on the Upper East Side while the light filled great room is the ideal place for entertaining. Chevron and straight plank wood flooring run the length of the apartment as well as tall ceilings and detailed crown molding provide the perfect canvas for applying your own style. The heart of this home is a windowed eat-in kitchen featuring cabinetry designed by Robert Couturier in collaboration with master carpenter, Christopher Peacock.
1 Available Listing for Sale for $16.95M

Top Contracts
432-Park-Avenue-01 432 Park Avenue (Douglas Elliman)
From the Listing:
Occupying over 8,000 square feet, perched over 1,100 feet in the air with absolutely breathtaking panoramic 360-degree views of all of New York City and the surrounding tri-state area, The 82nd Floor at 432 Park Avenue has been completely reimagined by one of the most sought-after design houses in London and represents an utterly unique opportunity to own a globally significant property. The residence is comprised of 5 bedrooms, 2 primary bathrooms, 4 on-suite guest bathrooms, 2 powder rooms, 2 offices, 2 dressing rooms, a media room, an oversized eat-in gourmet chef’s kitchen, and a sprawling 1,100 square-foot Great Room perfectly situated in the prime southwest corner of the floor.
14 Available Listings for Sale from $5.25M
1 Available Listing for Rent for $75,000/month

2-Park-Place-01 The Woolworth Tower Residences, #PAVILIONA (Sotheby's International Realty)
From the Listing:
Spanning over 6,711 square feet of interior space on the 29th floor, this 5-bedroom, 4-bathroom plus two powder rooms is the perfect blend of Tribeca loft meets historic penthouse. With six skylights, up to 22-foot ceilings, and duplex terrace totaling 2,770 square feet there is no shortage of natural light throughout this residence. Unmatched cinematic views of the surrounding cityscape in addition to unique sightlines of the building itself, The Pavilion residences offer a once in a lifetime opportunity to live in the iconic Woolworth Tower. The expansive professional kitchen has been outfitted with custom Dada cabinetry crafted by the Molteni Group, Calacatta Caldia marble countertops, and integrated Dornbracht fixtures.
1 Available Listing for Sale for $79M

34-East-61st-Street-01 34 East 61st Street, #TH (Douglas Elliman)
From the Listing:
34 East 61st Street is a 21’-wide, 5-story commercial/residential townhouse built full on a 100’ lot in the C5-1 zoning district off Madison Avenue. The building has approximately 9,765 square feet on 6 finished levels. It is located on a prime block in the Plaza Business District which is also home to the Regency Hotel, the 667 Madison Avenue office tower, the headquarters of Graff jewelers and fine restaurants including La Goulue, Serafina and Sant Ambroeus. Until recently, the building was the uptown showroom for Christian Liaigre, the celebrated French furniture designer.

45-East-22nd-Street-01 Madison Square Park Tower (Compass)
From the Listing:
Comprising the entire 60th Floor of Madison Square Park Tower, Penthouse 60 offers 4 bedrooms and 4.5 bathrooms across 4,664 square feet. Featuring dramatic outlooks, designer interiors, and unrivaled building amenities, this is truly one of the most spectacular homes available. A private elevator landing opens into an impressive 40-foot long Great Room, perfect for grand-scale entertaining and dining. Ten-foot floor-to-ceiling windows frame iconic western and northern views of The Empire State Building, Chrysler Building, Flatiron Building, MetLife Clock Tower, One Vanderbilt, Hudson Yards, the East River, Hudson River and beyond.
3 Available Listings for Sale from $3.4M
1 Available Listing for Rent for $24,995/month

123-East-69th-Street-01 123 East 69th Street, #TH (Douglas Elliman)
From the Listing:
The Catherine Auchincloss Mansion has 19 rooms, 6 bedrooms, 6 working fireplaces, elevator and 8,000 square feet above ground. This beautifully renovated classic home has an amazing provenance and must be seen to be appreciated. It is one of 11 brick and limestone rowhouses extending east from the landmark Union Club on Park Avenue that were created in the first decade of the 20th century from brownstones built in the 1870s.

The present house was substantially altered and purchased in 1904 by Andrew Agnew for his daughter Catherine and her husband Edgar Auchincloss, who had been married one year earlier. Unfortunately, Mr. Auchincloss died in 1910 at the age of 35, but Mrs. Auchincloss continued to live in the house until 1950. Her nephew, Hugh Auchincloss, was the stepfather of Jacqueline Kennedy Onassis.

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