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One Madison, #41AB, the past week's top apartment contract (R New York) One Madison, #41AB, the past week's top apartment contract (R New York)
It is impossible to cite one cause of New York's housing shortage, but lack of buildable space, the logistical hurdles of converting vacant commercial buildings to residential, and bureaucratic woes cannot help. Another factor at work is a certain class of luxury buyers' penchant for turning multi-family buildings into single-family mansions, a phenomenon that could not be overlooked when reviewing last week's luxury contracts. The top contract recorded by Olshan Realty was 276 West 11th Street, a prewar house asking $16,995,000 and divided into five one-bedroom apartments. Velvet Abashian, the broker who has spent the past 30 years handling its rentals, identified the buyer only as being from England and planning to turn it into a single-family home.

Further uptown at 413-415 West 22nd Street, a pair of townhouses with 17 units between them were marketed with a number of flexible future uses, including two single-family homes or one mansion. They entered contract with a $12,450,000 ask.
The top apartment contract was for #41AB at One Madison, a four-bedroom, four-bath, 3,310-square-foot condo that entered contract with a $12,750,000 ask. Neither the buyer nor seller was identified, but One Madison's residents have included Tom Brady, Gisele Bundchen, and Rupert Murdoch. A full-floor home in the building previously owned by Mr. Murdoch sold for $12,500,000 earlier this fall, and his triplex penthouse remains on the market for $58,000,000. There is also an option to rent the penthouse for $160,000/month.

23-East-22nd-Street-01 One Madison (CityRealty)
Flatiron District condos One Madison, #41AB (R New York)
NYC condos
One Madison 23 East 22nd Street
From the Listing:
Modern elegance awaits you at One Madison, a luxury residential building towering Madison Square Park in the heart of NYC’s most vibrant neighborhood, the Flatiron District. Imagine yourself retreating from the city into this stunning full floor 3,310-square-foot, four-bedroom, four-bath apartment. Eleven-foot floor to ceiling windows from the 41st floor offer mesmerizing 360-degree views of the Manhattan skyline, the Met Life Clock Tower and Madison Square Park.

Upon entering the apartment via the security-keyed elevator which opens to a private foyer you’ll be met with gorgeous south-facing views that span as far as the eye can see. The grand living room presents striking western and northern exposures, encompassing unmatched views of the Hudson River, Madison Square Park and all of NYC. A perfect layout for entertaining friends and family, the open chef’s kitchen is equipped with top-of-the-line Miele appliances and features a Borghini Calacatta marble island. The primary suite sits right at the north and east corner of the building and features more incredible panoramic views, a massive custom designed walk-in closet, a spectacular spa-style bath with radiant heated floors, a free-standing soaking tub, separate glass-enclosed shower, separate water closet and marble double vanity.
8 Available Listings for Sale from $8,395,000
4 Available Listings for Rent from $29,950/month

413-415-West-22nd-Street-01 413-415 West 22nd Street (Leslie J. Garfield)
Chelsea townhouses
NYC townhouses
413-415 West 22nd Street
From the Listing:
Located on one of the most charming rows of English basement houses to be found in Chelsea, sits 413-415 West 22nd Street, two side by side 15’-wide, 5-story historic townhouses that can be delivered vacant. Rarely does a townhouse mansion opportunity become available with 30 feet of frontage on a nearly 100’ deep lot. As is, the properties layout as seventeen units.

Given the vacant potential, these properties offer the most discerning purchaser a multitude of flexible future uses such as creating a single-family mansion, two stand-alone renovated single-family homes, or a mixture of rental or condominium units. Set between Ninth and Tenth Avenues, 413-415 West 22nd Street is located in the heart of Chelsea, while conveniently located to Flatiron, Greenwich Village, and the NoMad districts. Additionally, this property is in close proximity to the trendy High Line Park, Hudson Yards and New York’s chic art gallery district.

875-Park-Avenue-01 875 Park Avenue (CityRealty)
Park Avenue co-ops 875 Park Avenue, #8AB (Coldwell Banker Warburg)
Upper East Side co-ops
NYC co-ops
From the Listing:
This dazzling and sophisticated home is the perfect backdrop where grand-scale entertaining meets comfortable modern living. This expansive 5,700-square-foot residence has gracious rooms, exceptional natural light and was designed with meticulous attention to detail. The private elevator vestibule opens to a distinctive round foyer.

The 32’ sun-filled corner living room overlooks Park Avenue from oversized windows. The huge formal dining room also faces Park Avenue and can easily accommodate very large gatherings. An enormous den/media room for casual entertaining is also accessible from the foyer. An elegant wood paneled library completes the entertaining space. There are two powder rooms. With 2 islands, top-of-the-line appliances, 3 dishwashers, 2 refrigerators, 3 sinks, 2 warming drawers and abundant custom cabinetry, this kitchen can handle it all!
5 Available Listings for Sale from $6,000,000
1 Available Listing for Rent for $30,000/month

1-Central-Park-South-01 The Plaza, #515 (Compass)
Midtown West condos
NYC condos
The Plaza 1 Central Park South
From the Listing:
This magnificent and very spacious 3-bedroom plus library home (or 4th bedroom) at the iconic and exclusive Plaza Hotel and Private Residences offers 3,068 square feet of grand living. With three exposures of classic NYC views and the celebrated Grand Army Plaza, this corner home features very high ceilings, approximately 12 feet, and includes a grand living room encompassing one of the architecturally significant Plaza turrets.

The home has been skillfully restored and updated with the finest modern conveniences. Oversized bedrooms with en-suite marble bathrooms are outfitted with Kohler soaking tubs, separate shower stalls and double sinks, mosaic patterned floor replicating the floor of the original Plaza lobby. On the same floor is a beautiful landscaped Plaza gardens with fountain. The stunning kitchen includes The Plaza collection of stainless steel appliances by Viking and Miele, beautiful Nero Marquina stone countertops, and a white marble mosaic backsplash.
25 Available Listings for Sale from $990,000
8 Available Listings for Rent from $7,995/month

35-Hudson-Yards-01 35 Hudson Yards, #8203 (The Corcoran Group)
Hudson Yards condos
Midtown West condos
NYC condos
From the Listing:
This expertly planned split four-bedroom residence boasts 10’10" ceilings, lavish satin finish wide plank French oak floors, and stunning views of the Hudson River. The windowed eat-in kitchen has been outfitted with luxurious Smallbone of Devizes cabinetry with opal white marble counters and backsplash. Full suite of Gaggenau appliances, inclusive of a wine fridge and coffee maker, truly make this kitchen extraordinary.

The primary bedroom boasts two large walk-in closets and a luxurious primary bathroom which is wrapped in stunning iceberg quartzite, complete with stunning double vanity with Kinon panels, and full depth soaking tub. The second, third, and forth bedrooms are all equipped with en-suite baths. The utility room with side-by-side washer/dryer, and handsome onyx-clad powder room, are both conveniently located off the main hallway. No detail was overlooked in this truly exquisite home!
12 Available Listings for Sale from $6,135,000
2 Available Listings for Rent from $19,950/month

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