Manhattan Sales:
- For the week ending January 19, 2024, $492,817,340 worth of transactions across 208 condo, condop, and cooperative deals were recorded
- 72 condo sales came to an aggregate price of $288,560,150
- 10 condop sales came to an aggregate price of $20,059,777
- 126 co-op sales came to an aggregate price of $184,197,413
In this article:
At this point in New York City history, Park Avenue and Fifth Avenue are synonymous with class, sophistication, and money. That came through in the top sales of the third week of January 2024, when listings on these Upper East Side Avenues accounted for three of the top five sales.
The top sale by far was for Residence #8/9, a duplex apartment at the Emery Roth-designed 1133 Fifth Avenue that closed for $30,600,000. Availabilities at this esteemed prewar cooperative are few and far between, and the few apartments inside are simplexes or duplexes.
The top sale by far was for Residence #8/9, a duplex apartment at the Emery Roth-designed 1133 Fifth Avenue that closed for $30,600,000. Availabilities at this esteemed prewar cooperative are few and far between, and the few apartments inside are simplexes or duplexes.
The buyers and sellers of the duplex at 1133 Fifth Avenue both conducted the transaction through LLCs, but an especially high-profile transaction had bold-faced names on either end: Michael Lorber, son of Douglas Elliman chair Howard Lorber and a power broker in his own right, bought developer Edward Minskoff's apartment at 730 Park Avenue for $7,400,000 in the third-highest sale of the week. The price represents a reduction of more than $10 million from when Mr. Minskoff listed it in 2022, but nevertheless comes to over 35 times what he paid for it in the late 1980s: $210,000.
Views from 880 Fifth Avenue, #20A, one of the week's highest sales (Stephanie Powell/MW Studio)
Almost directly west of 730 Park Avenue, Residence #20A at another Emery Roth design, 880 Fifth Avenue, had the fifth-highest sale at $6,300,000, or slightly under the $6,950,000 price it was listed for in July 2023. Public records list the buyer as executive Erlinda Bildner and the seller as the estate of Jack Schacter and Hedda Kleinfeld Schacter, the couple in charge of operations at Kleinfeld, the Brooklyn fur shop that became the most iconic bridal shop in New York, if not the world, under their guidance. Described by their son Robert Schachter as "their first beautiful home" (h/t The Wall Street Journal), they bought it in cash for $1.6 million in 1988, and later embarked on a renovation with architect Peter Marino.
Lower Manhattan
But for all the rich history of prewar Upper East Side buildings, the lure of new construction condos in hip downtown neighborhoods is still going strong. Mr. Minskoff offloaded his Park Avenue apartment in preparation to move to his firm's new project at 17 Jane Street, and downtown sales filled in the top five last week. The top downtown sale and second-highest overall was for Residence #4S, one of only 10 units at the Annabelle Selldorf-designed 42 Crosby Street, which closed for $10,600,000.
Further west, the four-bedroom Residence #1803 at the architecturally adventurous Lantern House closed for $6,900,000 -- a $2.05 million reduction from the price first listed in the building's offering plan, but still good enough for the fourth-highest sale of the past week. Finally, the full-floor Residence #A at new boutique condominium 22 Bond Street tied with the Schachters' prewar co-op for the fifth-highest sale at $6,300,000.
Further west, the four-bedroom Residence #1803 at the architecturally adventurous Lantern House closed for $6,900,000 -- a $2.05 million reduction from the price first listed in the building's offering plan, but still good enough for the fourth-highest sale of the past week. Finally, the full-floor Residence #A at new boutique condominium 22 Bond Street tied with the Schachters' prewar co-op for the fifth-highest sale at $6,300,000.
2 Available Listings for Sale from $6,995,000
880 Fifth Avenue (CityRealty)
880 Fifth Avenue, #20A (Stephanie Powell, MW Studio Photography)
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From the Listing:
45’ of iconic Central Park views floating 20 floors above the beautiful buzz of Fifth Avenue. 3 bedrooms + library and formal dining room are anchored within 2,400 +/- square feet of extraordinary provenance. The exquisite entry gallery, adjoined by the powder room, sets the stage for this masterfully designed home.
The building materials were imported from Europe and the craftsmen carefully selected. Sweeping views of Central Park are enjoyed from the entry gallery, living room, primary bedroom plus an additional bedroom that is currently setup as a home office. The library/sitting room, adjacent to the living room, also enjoys Central Park views. The kitchen, commodious formal dining room and spacious guest room with en-suite bathroom bask in eastern light with commanding open city views.
45’ of iconic Central Park views floating 20 floors above the beautiful buzz of Fifth Avenue. 3 bedrooms + library and formal dining room are anchored within 2,400 +/- square feet of extraordinary provenance. The exquisite entry gallery, adjoined by the powder room, sets the stage for this masterfully designed home.
The building materials were imported from Europe and the craftsmen carefully selected. Sweeping views of Central Park are enjoyed from the entry gallery, living room, primary bedroom plus an additional bedroom that is currently setup as a home office. The library/sitting room, adjacent to the living room, also enjoys Central Park views. The kitchen, commodious formal dining room and spacious guest room with en-suite bathroom bask in eastern light with commanding open city views.
3 Available Listings for Sale from $1,637,500
Lantern House (Corcoran)
Lantern House, #1803 (The Corcoran Group)
From the Listing:
Residence 1803 is a generously sized three-bedroom plus den, 3.5 bath home offering south and west exposures with stunning views of the Hudson River. The gracious foyer, oversized great room, and separate study lead to beautiful interiors that feature a custom kitchen designed by March & White and including custom bronze finished trim and hardware, Gaggenau appliances including wine refrigeration, a custom suspended light fixture of bronze-finished metal and specialty glass, convex fluted oak cabinetry, Calacatta Venato marble slab countertops and backsplash, 5" wide plank French oak flooring, in-residence side-by-side washer and dryer and ceiling heights of up to 109". The primary bedroom suite includes dual walk-in closets and the windowed en-suite bathroom features Nestos Beige marble slab flooring and walls.
Residence 1803 is a generously sized three-bedroom plus den, 3.5 bath home offering south and west exposures with stunning views of the Hudson River. The gracious foyer, oversized great room, and separate study lead to beautiful interiors that feature a custom kitchen designed by March & White and including custom bronze finished trim and hardware, Gaggenau appliances including wine refrigeration, a custom suspended light fixture of bronze-finished metal and specialty glass, convex fluted oak cabinetry, Calacatta Venato marble slab countertops and backsplash, 5" wide plank French oak flooring, in-residence side-by-side washer and dryer and ceiling heights of up to 109". The primary bedroom suite includes dual walk-in closets and the windowed en-suite bathroom features Nestos Beige marble slab flooring and walls.
730 Park Avenue (CityRealty)
730 Park Avenue, #8C (Douglas Elliman)
From the Listing:
Live your dream in this tailor-made, grand scale home that accommodates gracious living and entertaining while offering an abundance of wall space for art. This private floor located in one of Park Avenue’s most distinguished and sought-after buildings is pristinely maintained and offers many fine original architectural details.
Your private elevator vestibule opens into a massive gallery clad in marble that leads to all formal / entertaining rooms. The 27’ x 19’ corner living room with north and west exposures has a wood-burning fireplace and partial Central Park views along with fine prewar details and flows gracefully into the beautiful wood paneled library with a wood burning fireplace and built-in media center. A generously proportioned formal dining room easily accommodates twenty of your closest friends. It connects directly to the butler’s pantry and large windowed chef’s kitchen with top-of-the-line appliances that any discerning chef will appreciate.
Live your dream in this tailor-made, grand scale home that accommodates gracious living and entertaining while offering an abundance of wall space for art. This private floor located in one of Park Avenue’s most distinguished and sought-after buildings is pristinely maintained and offers many fine original architectural details.
Your private elevator vestibule opens into a massive gallery clad in marble that leads to all formal / entertaining rooms. The 27’ x 19’ corner living room with north and west exposures has a wood-burning fireplace and partial Central Park views along with fine prewar details and flows gracefully into the beautiful wood paneled library with a wood burning fireplace and built-in media center. A generously proportioned formal dining room easily accommodates twenty of your closest friends. It connects directly to the butler’s pantry and large windowed chef’s kitchen with top-of-the-line appliances that any discerning chef will appreciate.
3 Available Listings for Sale from $18,500,000
42 Crosby Street (Nicholas-Venezia)
From the Listing:
Welcome to this designer loft-style corner condo nestled in the heart of SoHo, a sprawling 3 -bedroom, 4-bathroom home architected to redefine SoHo luxury living. Brought to life by the award-winning and renowned Selldorf Architects, this 3,306 square foot apartment features beautiful custom color French white Oak hardwood floors, nearly 11-foot ceilings, radiant heated floors in all bathrooms, floor-to-ceiling windows with southern and eastern exposure for all daylight, gallery-style walls are ideal for showcasing art, and a spacious laundry room with a side-by-side washer/dryer and built-in storage. Residence 4S comes with a deeded, private parking space valued at $1,000,000 and a capacious, deeded storage unit of approximately 200 square feet.
Welcome to this designer loft-style corner condo nestled in the heart of SoHo, a sprawling 3 -bedroom, 4-bathroom home architected to redefine SoHo luxury living. Brought to life by the award-winning and renowned Selldorf Architects, this 3,306 square foot apartment features beautiful custom color French white Oak hardwood floors, nearly 11-foot ceilings, radiant heated floors in all bathrooms, floor-to-ceiling windows with southern and eastern exposure for all daylight, gallery-style walls are ideal for showcasing art, and a spacious laundry room with a side-by-side washer/dryer and built-in storage. Residence 4S comes with a deeded, private parking space valued at $1,000,000 and a capacious, deeded storage unit of approximately 200 square feet.
1133 Fifth Avenue
View across Central Park from 1133 Fifth Avenue
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Or call us at (212) 755-5544
Would you like to tour any of these properties?
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