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Greenwich Lane and David Cone (By Mark Rosal - Old Timer's Day -- David Cone, CC BY-SA 2.0, Greenwich Lane and David Cone (By Mark Rosal - Old Timer's Day -- David Cone, CC BY-SA 2.0,
Manhattan Sales:

  • The first full week of May 2022 was the strongest since the second week of January 2022 in recorded apartment sales, boasting $802.7 million worth of transactions across 348 condo, condop, and cooperative deals
  • 155 condo sales came to a median price of $1.925 million ($1,678 per square foot)
  • Seven condop sales came to a median price of $975K
  • 186 co-op sales came to a median price of $805K

520-Park-Avenue-003 Several homes on Park Avenue were among this week's top sales including units sold in 432 Park Avenue and 520 Park Avenue (Robert A.M. Stern Architects)
The past week's top sale by far took place at 432 Park Avenue, where #82 closed for $70,500,000. The closing took place a few short weeks after the full-floor combination unit entered contract with an asking price of $79,000,000. While this comes in 10.8 percent below that last asking price, it is nevertheless the largest residential deal of 2022 (to date) and one of New York's largest real estate deals since the onset of the coronavirus pandemic.
A few blocks north, massive penthouses at 520 Park Avenue had the next-highest sales with closing prices of $35,215,875 and $28,250,000. The highest-priced sale west of Fifth Avenue also took place on Billionaires' Row - a high-floor home at Central Park Tower closed for $28,074,875.

Manhattan Contracts:

  • From May 2-8, 2022, a total of 326 townhouses, condos, co-ops, and condops entered contract
  • The average time on the market was 87 days
  • The total sticker price sum came to $655.2 million, and the median last asking price came to $1.295 million
  • There were a total of 160 condo deals came to a total of $395 million. They came to a median asking price of $1.69 million and spent an average of 102 days on the market
  • The 8 condop deals came to a total of $8.6 million and a median last asking price of $833K. They spent an average of 91 days on the market
  • The 149 co-op deals aggregated to $195 million and came to a median last asking price of $899K. They spent an average of 62 days on the market
  • Six townhouse deals came to a total of $43.4 million and a median last asking price of $7.88 million. They spent an average of 622 days on the market

15-West-61st-Street-01 Park Loggia #PH31C is one of the units tied for the past week's top contract (Corcoran)
Last week saw a large number of apartment and townhouse contracts priced $4 million and up. However, for all the large number of luxury contracts, none of them were priced over $10 million. Olshan Realty's market report observed that that is the first time this has happened since the week of September 28, 2020.

The top contract was a tie between two apartments asking $9,250,000. The penthouse at The Park Loggia is a three-bedroom, three and a half-bath condo with a private loggia off the living room. Residence #5W at 601 Washington Street is a half-floor corner condo with three bedrooms and three and a half baths.
The second-highest contract price and top townhouse contract of the past week was 281 West 4th Street, a single-family townhouse dating back to 1869 and asking $9,100,000. A previous owner, identified as master photo retoucher Pascal Dangin (h/t 6sqft), sold it for $9.55 million in 2013. While the house retains all its 19th century charm on the outside, the interiors were beautifully renovated by Annabelle Selldorf.

Notable Sales
950-Park-Avenue-01 950 Park Avenue (CityRealty)
950 Park Avenue was built by J.E.R. Carpenter in the early 1920s, or around the time New York's wealthiest were starting to get wooed out of their single-family mansions and into apartment buildings. Today it is still one of New York's most elegant cooperatives and continues to attract impresarios - Bippy Siegal, Modern Bank founder and Raycliff Capital founder and CEO, just bought an apartment in the building with his wife Jacqueline.

And he's out! Over five years after listing it, former Yankees pitcher and current sports commentator David Cone has offloaded his apartment in The Greenwich Lane for $8,300,000. When he relisted the apartment in April 2019, the New York Post noted that he paid $8.13 million for it.

From the listing:
A gracious entrance gallery leads to a dramatic south facing living room with glass doors that open onto a large private balcony that is perfect for entertaining. An enormous state-of-the-art eat-in chef's kitchen kitchen with Sub-Zero, Wolf & Miele appliances with a large center island is located off of the entrance gallery. The bedroom wing on the northern side of the apartment includes an enormous primary suite with a huge walk-in closet, a marble spa-like primary bath with custom mosaic floors, a soaking tub and an oversized glass shower.
2 Available Listings for Sale from $2.6M

1-Hudson-Street-01 1 Hudson Street (Compass)
Marina Albright and her mother, Irene Albright, run Albright Fashion Library, a massive showroom that serves as an inspiration for fashion lovers of all stripes, including, but by no means limited to, editors, stylists, costumers, actors, and advertising executives. The younger Ms. Albright just bought a Tribeca apartment with her husband, and we hope it has generous closet space.

400-West-12th-Street-01 Superior Ink, #3A (Sotheby's International Realty)
At his eponymous general contracting firm, the LEED-accredited Joseph Kokolakis brings a commitment to environmentally friendly design to his work, which has included USMA at West Point. Appropriately enough, when he and his wife Anna bought a New York apartment, it was in a LEED-certified building.

From the Listing:
You will fall in love with this two-bedroom, two-bathroom home in the West Village’s premier Superior Ink condominium. Enter through the gracious foyer, dramatic oversized windows greet you and flood this home with light. Private and quiet; this condo features soundproof windows, 10’ ceilings, impeccable newly redone herringbone floors and charming private tree-lined eastern views. Perfect for entertaining, the open kitchen features beautiful white quartzite stone countertops, custom-crafted cerused cabinetry and with Viking stove and double oven and Sub-Zero fridge.
1 Available Listing for Sale for $22.5M

51-Walker-Street-01 51 Walker Street, #3A (Compass)
Michael Prilutsky is the President and CEO of Jersey City Medical Center, which is one of New Jersey's top teaching hospitals. Almost directly across the river is the Tribeca boutique condominium where he recently purchased an apartment.

From the Listing:
Residence 3A at 51 Walker Street in TriBeCa is an exceptional floor-through, 1 bedroom, 2 bath condo loft featuring modern finishes. This meticulously designed home boasts ceiling heights up to 10½ feet, bright northern and southern exposures, a private balcony and an abundance of closets and storage. Come into the loft through a private keyed elevator and enter the living room with floor to ceiling north facing windows flooding the home with natural light and offering lovely views across Walker Street toward the historic facades of TriBeCa loft buildings. The sleek, open Poliform kitchen features stainless steel counters and backsplash, wood and translucent glass cabinetry, Sub-Zero 36” refrigerator with double freezer drawers, 78 bottle Sub-Zero wine storage, integrated Gaggenau oven, Miele stovetop and hood, concealed microwave, and under cabinet lighting.
2 Available Listings for Sale from $2.995M

58-West-58th-Street-01 Tower 58, #17B (Fortress Realty Inc.)
In the bustling heart of the Theater District, Roy Arias Studios offers space for performances, rehearsals, auditions, classes, and events. However, founder Roy Arias chose a more quiet area, just a stone's throw from Central Park, for his New York apartment.

From the Listing:
17B is a gorgeous, recently renovated one-bedroom with a glimpse of Central Park! Immediately upon entering this elegant home, your guests will be awe-struck by the gorgeous kitchen, complete with a breakfast bar, cherry cabinets, granite counter tops and a Sub-Zero refrigerator! The luxurious feel of this residence doesn’t stop there… glowing hardwood floors, over-size crown moldings, a marble bath, and built-in storage space galore complete the package; making this one of Central Park South’s finest one bedroom apartments!
4 Available Listings for Sale from $818K

Top Sales
432-Park-Avenue-01 432 Park Avenue (Douglas Elliman)
18 Available Listings for Sale from $5.25M
1 Available Listing for Rent for $75,000/month

3 Available Listings for Sale from $19.55M

3 Available Listings for Sale from $19.55M

217-West-57th-Street-01 Central Park Tower (Extell)
12 Available Listings for Sale from $7.75M
4 Available Listings for Rent from $15,000/month

111-West-57th-Street-01 111 West 57th Street, #53 (Douglas Elliman)
10 Available Listings for Sale from $7.75M
1 Available Listing for Rent for $27,500/month

Top Contracts
15-West-61st-Street-01 The Park Loggia, #PH31C (Corcoran)
From the Listing:
This PH is wrapped with endless breathtaking views. The corner living room with oversized floor-to-ceiling windows has commanding views of the Hudson River. Enjoy sweeping views south with sunshine by day and exhilarating views of Midtown’s skyline and mesmerizing Hudson River sunsets by night. The loggia is a natural extension of the living room and seamlessly connects the outdoors to the interior entertaining spaces for use all year round. The corner primary suite faces north and west with expansive views up the Hudson River to the George Washington Bridge, Lincoln Center and hypnotic views of the twinkling lights along the curvy avenue of Broadway.
5 Available Listings for Sale from $1.86M
3 Available Listings for Rent from $11,000/month

601-Washington-Street-01 601 Washington Street, #5W (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 2,892 square feet, seizing the sunny south, west, and east exposures on the quintessential cobblestone streets of Leroy in the West Village. Residence 5W’s exceptional features include a complete lighting package designed by David Clinard Design Studio, Lutron lighting and shade control system, 7 inch wide-plank white oak flooring and fully ventilated double LG washer and dryers. Floors, walls, and windows have been acoustically engineered to create a haven for peace and quiet.
1 Available Listing for Rent for $50,000/month

281-West-4th-Street-01 281 West 4th Street, #HOUSE (Douglas Elliman)
From the Listing:
Single family gem in spectacular condition, offering romance charm and character and a magical roof garden!

100-Barclay-Street-01 One Hundred Barclay Tribeca (Corcoran)
From the Listing:
Residence 20B is a 4 bedroom/4.5 bath loft spanning 3,665 square feet. Beautiful 7-foot casement windows, 10-foot-high ceilings, and 4 inch white oak floors create ample proportions with generous light and air. The walnut-paneled entry door open into a formal foyer leading to an expansive great room with north and west exposures, capturing arresting views of the iconic New York City skyline and Hudson River.
7 Available Listings for Sale from $2.9M
4 Available Listings for Rent from $11,995/month

73-West-Washington-Place-01 73 West Washington Place, #TH (Serhant)
From the Listing:
Blank canvas sold with approved plans, awaiting your personal vision of a dream home in the heart of the Village. A landmarked Greek Revival townhouse with pre-approved architectural plans from Suk Design Group and Carlyle Designs, 73 West Washington Place is a rare opportunity to create a one-of-a-kind dream home in the heart of the Village. Currently configured with 5 stories, this 22’ wide landmarked townhome features a private garden, and rooftop with stunning sweeping views which include the Empire State Building and Freedom Tower. Charming original features include a handsome stoop, high ceilings with intricate moldings, and touches of exposed brick. The home is ready to be transformed into an approximately 8,643 square foot mansion, complete with 6 bedrooms, 8.5 baths, a double-height living room, massive eat-in chef’s kitchen, dining room, a home gym, movie theater, laundry room, private penthouse and den.

46-Mercer-Street-01 The Hohner Building (CityRealty)
46-Mercer-Street-02 The Hohner Building, #PH8W (Compass)
From the Listing:
Big, open sunset views in SoHo are incredibly rare. The elevation of this penthouse condominium - with two terraces - atop The Hohner Building is of collector quality, clearing all of Soho with impressive vistas that span from Downtown Manhattan all the way north past Hudson Yards to Midtown. Equally unusual are the soaring ceilings (12’-9") and south-facing side windows that feature throughout, filling the space with light all day long. The key-locked elevator opens into this superb home: the living area combines living, dining, and the kitchen, all benefitting from the enormous west-facing windows that frame humanly-scaled panoramic views.

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