Walker Tower via Compass
From February 28-March 7, a total of 247 sales were recorded in Manhattan with an aggregate total of $379,582,761. The 113 condo sales' median price fell 20.6 percent from last week to $1.5 million ($1,389 per square foot). The 133 co-op sales also registered a drop from last week with a median price of $765K.
The top sale of the past week took place at Walker Tower, the telephone switching building-turned-luxury condominium designed by "architect of the century" Ralph Walker. The conversion was helmed by JDS Development, and Founder and CEO Michael Stern's condo in the building sold for $21 million. This is nearly a 25% discount from the last listing price of $27.8 million, but is nevertheless a profit on the $16 million Mr. Walker paid for it in 2014 (h/t The Real Deal).
Another condo conversion also presented impressive sales numbers last week. In the heart of the Soho-Cast Iron Historic District, three cast-iron buildings dating back to 1880 were converted to one luxury condominium at 95 Greene Street more than 100 years later. A dramatic penthouse with multiple outdoor spaces, including a private roof terrace, sold for $10.1 million.
The top sale of the past week took place at Walker Tower, the telephone switching building-turned-luxury condominium designed by "architect of the century" Ralph Walker. The conversion was helmed by JDS Development, and Founder and CEO Michael Stern's condo in the building sold for $21 million. This is nearly a 25% discount from the last listing price of $27.8 million, but is nevertheless a profit on the $16 million Mr. Walker paid for it in 2014 (h/t The Real Deal).
Another condo conversion also presented impressive sales numbers last week. In the heart of the Soho-Cast Iron Historic District, three cast-iron buildings dating back to 1880 were converted to one luxury condominium at 95 Greene Street more than 100 years later. A dramatic penthouse with multiple outdoor spaces, including a private roof terrace, sold for $10.1 million.
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March 2021 opened with a total of 36 luxury Manhattan contracts priced at $4 million and up. This is down from last week's eye-popping 40 contracts, but Olshan Realty's market report notes that the luxury market's streak of 30 or more deals remains unbroken at five weeks. The luxury sales reached an aggregate total of $332,654,000.
Last week, The Wall Street Journal broke the news that the Upper East Side townhouse belonging to disgraced financier and sex offender Jeffrey Epstein entered contract for approximately $50 million. The last listing price of $65 million represents a steep discount from the original asking price of $88 million, but was nevertheless the past week's top contract by far. The buyer was not identified, but the newspaper noted that the generous proceeds of the sale will go to Mr. Epstein's estate, which has created a compensation fund for his victims.
The top apartment deal and second-highest contract of the past week was linked to a more illustrious bold-faced name: Courtney Ross, philanthropist and founder of the Ross School in East Hampton. Her Tribeca penthouse entered contract with an asking price of $17.85 million, more than 10 years after she paid $11.5 million for it.
Last week, The Wall Street Journal broke the news that the Upper East Side townhouse belonging to disgraced financier and sex offender Jeffrey Epstein entered contract for approximately $50 million. The last listing price of $65 million represents a steep discount from the original asking price of $88 million, but was nevertheless the past week's top contract by far. The buyer was not identified, but the newspaper noted that the generous proceeds of the sale will go to Mr. Epstein's estate, which has created a compensation fund for his victims.
The top apartment deal and second-highest contract of the past week was linked to a more illustrious bold-faced name: Courtney Ross, philanthropist and founder of the Ross School in East Hampton. Her Tribeca penthouse entered contract with an asking price of $17.85 million, more than 10 years after she paid $11.5 million for it.
Top Sales
1. Walker Tower, 212 West 18th Street, #15B – $21,000,000 ($4,423 / ft2)
Chelsea | Condo | 4 beds, 4.5 baths | 4,748 ft2
Chelsea | Condo | 4 beds, 4.5 baths | 4,748 ft2
From the listing:
With triple exposures, breathtaking views, glorious light, high ceilings and exquisite windows, this 4-bedroom, 4.5-bathroom gem exudes perfection. The doublewide living room with views of the Hudson River, Freedom Tower and Statue of Liberty leads to the grand, private terrace. The corner dining area has southern and western exposures and also has access to the terrace. The Smallbone kitchen is perfectly situated and features a custom banquette, marble and limestone countertops, Dornbracht fixtures and includes a wine cooler, an induction cooktop, two wall ovens by Viking, speed oven and a built-in coffee maker by Miele and a Franke water filtration system. Off of the kitchen is the den/fourth bedroom, uniquely positioned in the building with the luxury and drama of both southern and northern views. The second floor is where the apartment truly becomes a home with three beautifully designed bedrooms and a central media area. The primary suite has triple exposures, a massive walk-in closet and a custom marble bathroom that would make most envious. With a separate vanity, double sinks, a large steam shower, Waterworks fixtures and a cast iron bathtub with soaring southern views, this bathroom is pure opulence. Top-of-the-line details throughout the apartment include radiant floor heating, hand laid French herringbone oak flooring, Crestron home automation system, Nanz hardware, a built-in humidification system, an ultra-quiet central air conditioning system and a dedicated ventilation system.
With triple exposures, breathtaking views, glorious light, high ceilings and exquisite windows, this 4-bedroom, 4.5-bathroom gem exudes perfection. The doublewide living room with views of the Hudson River, Freedom Tower and Statue of Liberty leads to the grand, private terrace. The corner dining area has southern and western exposures and also has access to the terrace. The Smallbone kitchen is perfectly situated and features a custom banquette, marble and limestone countertops, Dornbracht fixtures and includes a wine cooler, an induction cooktop, two wall ovens by Viking, speed oven and a built-in coffee maker by Miele and a Franke water filtration system. Off of the kitchen is the den/fourth bedroom, uniquely positioned in the building with the luxury and drama of both southern and northern views. The second floor is where the apartment truly becomes a home with three beautifully designed bedrooms and a central media area. The primary suite has triple exposures, a massive walk-in closet and a custom marble bathroom that would make most envious. With a separate vanity, double sinks, a large steam shower, Waterworks fixtures and a cast iron bathtub with soaring southern views, this bathroom is pure opulence. Top-of-the-line details throughout the apartment include radiant floor heating, hand laid French herringbone oak flooring, Crestron home automation system, Nanz hardware, a built-in humidification system, an ultra-quiet central air conditioning system and a dedicated ventilation system.
3 Available Listings from $14.9M
All images of 95 Greene Street via Compass
From the listing:
A true masterpiece and ready to be one of the most special spaces in all of New York, this is a once-in-a-lifetime opportunity. The second you step in the door, your eyes are pulled past the gracious entry foyer and you start to move towards the most spectacular floating staircase. As you move closer and into the great room your eyes move up and a sense of wonder and amazement overcomes you, as the volume of the space leaves you speechless. With a 2-story book case, exposed brick and venetian plaster walls on the northern and southern walls and book-ended floor to ceiling windows on the western wall centered by a massive antique marble mantle you realize you have never been in a home as special. To finish it off, the top 12 feet of the room feature 3 sides of floor-to-ceiling windows and views of the Downtown Skyline. Stretching 82 feet long and 27 feet wide with light pouring in all day, this is the pinnacle of all Great Rooms.
A true masterpiece and ready to be one of the most special spaces in all of New York, this is a once-in-a-lifetime opportunity. The second you step in the door, your eyes are pulled past the gracious entry foyer and you start to move towards the most spectacular floating staircase. As you move closer and into the great room your eyes move up and a sense of wonder and amazement overcomes you, as the volume of the space leaves you speechless. With a 2-story book case, exposed brick and venetian plaster walls on the northern and southern walls and book-ended floor to ceiling windows on the western wall centered by a massive antique marble mantle you realize you have never been in a home as special. To finish it off, the top 12 feet of the room feature 3 sides of floor-to-ceiling windows and views of the Downtown Skyline. Stretching 82 feet long and 27 feet wide with light pouring in all day, this is the pinnacle of all Great Rooms.
1 Available Listing for $2.5M
3. 601 Washington Street, #4E – $7,800,000 ($2,600 / ft2)
West Village | Condo | 3 beds, 3.5 baths | 3,000 ft2
West Village | Condo | 3 beds, 3.5 baths | 3,000 ft2
All images of 601 Washington Street via Douglas Elliman
From the listing:
This impeccable half floor corner three bedroom, three-and-a-half-bathroom residence balances modern and contemporary luxury design over its extensive 3,000 square feet, seizing the sunny South, East and West exposures on the quintessential cobblestone streets of Leroy in the West Village.
As you enter, you are welcomed into a formal entry gallery with beautifully appointed herringbone white oak floors. Masterfully designed, the open corner great room seamlessly flows past the custom SieMatic chef's kitchen featuring the PURE Collection of gold-bronze metallic and glass cabinetry chosen to compliment the unique architectural aesthetic of the development. A Quartzite waterfall island, countertop and backsplash include fully integrated appliances such as Gaggeneau 36 inch Cooktop, two Miele ovens plus dedicated integrated microwaves, Sub-Zero wine cooler, Sub-Zero 36 inch refrigerator, custom-vented-exhaust hood, two dishwashers, and two Whitehaus under mount sinks.
This impeccable half floor corner three bedroom, three-and-a-half-bathroom residence balances modern and contemporary luxury design over its extensive 3,000 square feet, seizing the sunny South, East and West exposures on the quintessential cobblestone streets of Leroy in the West Village.
As you enter, you are welcomed into a formal entry gallery with beautifully appointed herringbone white oak floors. Masterfully designed, the open corner great room seamlessly flows past the custom SieMatic chef's kitchen featuring the PURE Collection of gold-bronze metallic and glass cabinetry chosen to compliment the unique architectural aesthetic of the development. A Quartzite waterfall island, countertop and backsplash include fully integrated appliances such as Gaggeneau 36 inch Cooktop, two Miele ovens plus dedicated integrated microwaves, Sub-Zero wine cooler, Sub-Zero 36 inch refrigerator, custom-vented-exhaust hood, two dishwashers, and two Whitehaus under mount sinks.
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From the listing:
Semi-private elevator landing opens onto a beautifully renovated ten room Park Avenue jewel with sun-filled East, North, South & West exposures. A grand 35-foot gallery leads to a magnificent 30-foot living room with a wood burning fireplace, custom built-ins and open views. An elegant wood paneled library with wet bar and custom bookshelves and a formal dining room with a fireplace and large east-facing windows complete the entertaining space.
The enormous chef's eat in kitchen has a large center island/breakfast bar, double sinks, marble backsplash, custom cabinetry, and sublime appliances including an oversized Sub-Zero refrigerator, full size Sub-Zero freezer, Viking six burner stove with vented hood, two Miele dishwashers and a wine cooler. There is also a sun-filled breakfast room for casual dining.
Semi-private elevator landing opens onto a beautifully renovated ten room Park Avenue jewel with sun-filled East, North, South & West exposures. A grand 35-foot gallery leads to a magnificent 30-foot living room with a wood burning fireplace, custom built-ins and open views. An elegant wood paneled library with wet bar and custom bookshelves and a formal dining room with a fireplace and large east-facing windows complete the entertaining space.
The enormous chef's eat in kitchen has a large center island/breakfast bar, double sinks, marble backsplash, custom cabinetry, and sublime appliances including an oversized Sub-Zero refrigerator, full size Sub-Zero freezer, Viking six burner stove with vented hood, two Miele dishwashers and a wine cooler. There is also a sun-filled breakfast room for casual dining.
2 Available Listings from $9.5M
5. 11 North Moore Street, #2A – $6,490,800 ($2,072 / ft2)
Tribeca | Condo | 4 beds, 4.5 baths | 3,133 ft2
Tribeca | Condo | 4 beds, 4.5 baths | 3,133 ft2
3 Available Listings from $5.5M
Top Contracts
All images of 9 East 71st Street via The Modlin Group
From the listing:
The Herbert N. Straus Mansion was the last and largest of just a handful of goliath mansions built during its era in the 1930s and it would become the capstone property of the wealthiest and most prominent block of all of New York City. Its gargantuan size and opulence is perhaps only outdone by its unique location on the Upper East Side's most desired block flanked by Central Park on Fifth Avenue and St. James' Church on Madison Avenue. The property is uniquely positioned as the perpetual and unobtrusive perspective overlooking the Frick Museum to Central Park can never be blocked by new construction, a rarity in the ever-growing New York City landscape. Upon purchase of the property in 1928 by Herbert N. Straus, heir to Isidor and Ida Straus, co-owners of renowned retailers R. H. Macy & Co., the mansion was commissioned to be built in 1930. Mr. Straus specifically chose Society Architect Horace Trumbauer, known for his particular adept proficiency in designing palaces for the rich. Mr. Trumbauer's reputation for creating lavish residential manors for the wealthy allowed the accomplished architect to build the largest and most luxurious residences of the times. The Herbert N. Straus Mansion remains among Trumbauer's most well-known works and contributed to his praise as one of the most prominent American architect of the Gilded Age.
The Herbert N. Straus Mansion was the last and largest of just a handful of goliath mansions built during its era in the 1930s and it would become the capstone property of the wealthiest and most prominent block of all of New York City. Its gargantuan size and opulence is perhaps only outdone by its unique location on the Upper East Side's most desired block flanked by Central Park on Fifth Avenue and St. James' Church on Madison Avenue. The property is uniquely positioned as the perpetual and unobtrusive perspective overlooking the Frick Museum to Central Park can never be blocked by new construction, a rarity in the ever-growing New York City landscape. Upon purchase of the property in 1928 by Herbert N. Straus, heir to Isidor and Ida Straus, co-owners of renowned retailers R. H. Macy & Co., the mansion was commissioned to be built in 1930. Mr. Straus specifically chose Society Architect Horace Trumbauer, known for his particular adept proficiency in designing palaces for the rich. Mr. Trumbauer's reputation for creating lavish residential manors for the wealthy allowed the accomplished architect to build the largest and most luxurious residences of the times. The Herbert N. Straus Mansion remains among Trumbauer's most well-known works and contributed to his praise as one of the most prominent American architect of the Gilded Age.
From the listing:
Enjoy luxury downtown Tribeca living in this magnificent full-floor approx. 4,200sf penthouse at the Hubert Condominium. Stunning 360 degree City and Hudson River views from the apartment's floor-to-ceiling casement windows and gorgeously planted wrap-around terrace create a never-ending panorama from sunrise to sunset. A wide entrance gallery leads into the 36' long Great Room with wood-burning fireplace - the perfect setting for gracious and elegant entertaining. At the east end of this dramatic room is a sun-filled, corner library with pocket doors and a gas fireplace. Overlooking the Hudson River is a state-of-the-art chef's kitchen with pantry and breakfast room. Adjacent is a formal dining room. The south-facing wing of the apartment feature an enormous primary bedroom suite complete with a dressing room, two walk-in closets and a luxurious bath featuring a sunken stone tub, stone basin, radiant heated floors and steam shower. A unique feature of the suite is a double-sided gas fireplace between the bedroom and bath. An adjacent sitting room with gas fireplace and en-suite bath could easily be converted back into a second bedroom. The apartment features numerous wall alcoves and built-ins allowing for the effortless display of art, a Crestron system to control the lights, shades and music throughout the entire home, and a 3 zone C/A/C with humidification system.
Enjoy luxury downtown Tribeca living in this magnificent full-floor approx. 4,200sf penthouse at the Hubert Condominium. Stunning 360 degree City and Hudson River views from the apartment's floor-to-ceiling casement windows and gorgeously planted wrap-around terrace create a never-ending panorama from sunrise to sunset. A wide entrance gallery leads into the 36' long Great Room with wood-burning fireplace - the perfect setting for gracious and elegant entertaining. At the east end of this dramatic room is a sun-filled, corner library with pocket doors and a gas fireplace. Overlooking the Hudson River is a state-of-the-art chef's kitchen with pantry and breakfast room. Adjacent is a formal dining room. The south-facing wing of the apartment feature an enormous primary bedroom suite complete with a dressing room, two walk-in closets and a luxurious bath featuring a sunken stone tub, stone basin, radiant heated floors and steam shower. A unique feature of the suite is a double-sided gas fireplace between the bedroom and bath. An adjacent sitting room with gas fireplace and en-suite bath could easily be converted back into a second bedroom. The apartment features numerous wall alcoves and built-ins allowing for the effortless display of art, a Crestron system to control the lights, shades and music throughout the entire home, and a 3 zone C/A/C with humidification system.
2 Available Listings from $7.25M
All images of 313 West 4th Street via Leslie J. Garfield
From the listing:
With careful reverence paid to the home's historic past, 313 West 4th Street has undergone a meticulous two-year renovation. A flexible five-bedroom and seven-bathroom home, this 20-foot wide, four and a half-story plus finished basement residence now features approximately 5,300 square feet of sumptuous living space alongside 800 square feet of private outdoor space. Originally constructed in 1836, the home sits among one of the oldest intact blockfronts in the West Village. Constructed in the Greek Revival style, this stunning townhome has been called the "best preserved" house in the row by the historic district report. The parlor level opens to a stunning glass-and-steel foyer, laid with marble. Herringbone quarter-sewn white oak floors adorn a large rear living room, which features a wall of atelier-style windows and a handsome wood-burning fireplace. A helical staircase curves elegantly from level to level, while the elevator services the basement to the 4th floor. Smart home features are integrated throughout this well-planned residence, as well as a comprehensive security system and Lutron lighting.
With careful reverence paid to the home's historic past, 313 West 4th Street has undergone a meticulous two-year renovation. A flexible five-bedroom and seven-bathroom home, this 20-foot wide, four and a half-story plus finished basement residence now features approximately 5,300 square feet of sumptuous living space alongside 800 square feet of private outdoor space. Originally constructed in 1836, the home sits among one of the oldest intact blockfronts in the West Village. Constructed in the Greek Revival style, this stunning townhome has been called the "best preserved" house in the row by the historic district report. The parlor level opens to a stunning glass-and-steel foyer, laid with marble. Herringbone quarter-sewn white oak floors adorn a large rear living room, which features a wall of atelier-style windows and a handsome wood-burning fireplace. A helical staircase curves elegantly from level to level, while the elevator services the basement to the 4th floor. Smart home features are integrated throughout this well-planned residence, as well as a comprehensive security system and Lutron lighting.
All renderings of The Benson via Hayes Davidson
From the listing:
5-bedroom, 4.5-bath unit with 3,952 square feet in a new condo called The Benson, designed by Peter Pennoyer. The Benson's facade is comprised of hand-carved Indiana limestone, distinctive mullioned windows, a series of gracious set-back terraces detailed with intricated ironwork to exemplify the building's classic uptown character. The Benson has 15 full-floor and duplex units with direct elevator access to a private landing. Amenities include a concierge, fitness center, half-court basketball, a landscaped rooftop lounge, private cinema, a wood paneled library with an adjoining landscaped garden. There is also a pet spa with a washing station, bicycle storage and private storage available for purchase.
5-bedroom, 4.5-bath unit with 3,952 square feet in a new condo called The Benson, designed by Peter Pennoyer. The Benson's facade is comprised of hand-carved Indiana limestone, distinctive mullioned windows, a series of gracious set-back terraces detailed with intricated ironwork to exemplify the building's classic uptown character. The Benson has 15 full-floor and duplex units with direct elevator access to a private landing. Amenities include a concierge, fitness center, half-court basketball, a landscaped rooftop lounge, private cinema, a wood paneled library with an adjoining landscaped garden. There is also a pet spa with a washing station, bicycle storage and private storage available for purchase.
All images of 9 St. Luke's Place via Sotheby's International Realty
From the listing:
Set perfectly in the middle of a row of 15 picturesque townhouses facing south towards James Walker Park, this elegant townhouse transports you back to the 1850s with its high stoop, aged elegance and baronial scale. Only one block long and meandering, St. Luke’s Place is rarely trafficked and pin-drop quiet. Sun-filled, open and airy, this 4,575-square-foot residence is comprised of a total of four stories plus a dry basement. Lovingly maintained for more than 50 years by one owner, the property’s triple parlor boasts three fireplaces, floor-to-ceiling windows, original pocket doors, and 10’ tall ceilings adorned with authentic hand-crafted plaster crown moldings and medallions. These grandly proportioned rooms are bathed in southern light filtered through ginkgo trees from the park across the street.
Set perfectly in the middle of a row of 15 picturesque townhouses facing south towards James Walker Park, this elegant townhouse transports you back to the 1850s with its high stoop, aged elegance and baronial scale. Only one block long and meandering, St. Luke’s Place is rarely trafficked and pin-drop quiet. Sun-filled, open and airy, this 4,575-square-foot residence is comprised of a total of four stories plus a dry basement. Lovingly maintained for more than 50 years by one owner, the property’s triple parlor boasts three fireplaces, floor-to-ceiling windows, original pocket doors, and 10’ tall ceilings adorned with authentic hand-crafted plaster crown moldings and medallions. These grandly proportioned rooms are bathed in southern light filtered through ginkgo trees from the park across the street.
Would you like to tour any of these properties?
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