111 West 57th Street, #42 (Sotheby's International Realty) | https://www.cityrealty.com/nyc/midtown-west/111-west-57th-street/apartment-42/ekLcVeOMnTX
"Townhouse or apartment?" is sometimes the question for luxury buyers, and the second full week of August 2025 shows that it is a mixed bag. The week's ten highest-priced contracts were evenly divided between townhouses and apartments.
Moreover, almost anything would be perceived as a comedown in the wake of last week's possible record-breaking Downtown contract that sent the aggregate dollar amount skyrocketing. That penthouse's asking price of $87 million came to more than the top seven asks combined from August 11-17, 2025. A week-over-week decline in aggregate dollar amount was all but inevitable, and the second full week of August saw a 28% decrease in that area.
Moreover, almost anything would be perceived as a comedown in the wake of last week's possible record-breaking Downtown contract that sent the aggregate dollar amount skyrocketing. That penthouse's asking price of $87 million came to more than the top seven asks combined from August 11-17, 2025. A week-over-week decline in aggregate dollar amount was all but inevitable, and the second full week of August saw a 28% decrease in that area.
In this article:
View from The Richmond, #25A (in-contract at $5,995,000) with 111 West 57th Street in the distance | https://www.cityrealty.com/nyc/yorkville/the-richmond-201-east-80th-street/apartment-25A/fUaiGABNIYML
The week's highest-priced apartment contract was also possibly the highest in terms of elevation as well. Residence #42 at 111 West 57th Street, the year's best-selling building to date, entered contract with an asking price of $22.5 million. Located roughly halfway up the city's second-tallest residential building, it looks out on unobstructed views of Central Park.
The four-bedroom Tower Residence's asking price represents a $6 million price reduction from when it was first being marketed. However, it still holds the top spot by a comfortable margin and comes to more than twice the price of the week's next-highest apartment contract.
The Wall Street Journal identified the buyer as entrepreneur/Shark Tank star Robert Herjavec. The contract comes roughly a year after he sold his apartment up the street at One57, and made a $6 million profit. Mr. Herjavec spends much of his time on the West Coast, but said in a statement that he missed New York and liked to visit Central Park with his young children.
The four-bedroom Tower Residence's asking price represents a $6 million price reduction from when it was first being marketed. However, it still holds the top spot by a comfortable margin and comes to more than twice the price of the week's next-highest apartment contract.
The Wall Street Journal identified the buyer as entrepreneur/Shark Tank star Robert Herjavec. The contract comes roughly a year after he sold his apartment up the street at One57, and made a $6 million profit. Mr. Herjavec spends much of his time on the West Coast, but said in a statement that he missed New York and liked to visit Central Park with his young children.
"We got a very good deal. I am a Shark after all" - Robert Herjavec on his new Billionaires' Row apartment
Entrance to 15 West 81st Street, home of the top co-op contract (Compass) | https://www.cityrealty.com/nyc/central-park-west/15-west-81st-street/apartment-10B/cwahKgQXoebJ
The week's top co-op contract took place at the Emery Roth-designed 15 West 81st Street, a stone's throw from Central Park and the American Museum of Natural History. Residence #10B entered contract with an asking price of $6.18 million, down slightly from the $6.5 million the seller initially sought when the three-bedroom apartment was listed in April 2025. This seller has not been identified, but the building has attracted the likes of former New York City Ballet dancer Rita Schrager and Emmy Award-winning actor Tony Shalhoub.
535 1st Street, #TH, top townhouse contract (Compass) | https://www.cityrealty.com/nyc/park-slope/535-1st-street/apartment-/FoqHemxCL
On the second full week of August 2025, three Brooklyn townhouses ranked among the ten highest-priced contracts signed in New York City. Leading them was 535 1st Street, which was asking $14.5 million. This price is reflective of a 12% price reduction, but is still the most expensive listing in Park Slope, the top townhouse contract of the week, and the second-highest contract overall.
Public records show that the sellers, entrepreneur/film producer Dennis Masel and Art for Change founder Jeanne Masel, used an LLC to buy the house for just under $6 million in July 2017. From there, they tapped Leroy Street Studio for a four-year renovation that was featured in Architectural Digest.
Public records show that the sellers, entrepreneur/film producer Dennis Masel and Art for Change founder Jeanne Masel, used an LLC to buy the house for just under $6 million in July 2017. From there, they tapped Leroy Street Studio for a four-year renovation that was featured in Architectural Digest.
38 Garfield Place, #TH (Douglas Elliman) | https://www.cityrealty.com/nyc/park-slope/38-garfield-place/apartment-/dtToGVvjdR
About three blocks from 535 1st Street, 38 Garfield Place was in a three-way tie for the tenth-highest contract of the week at an ask just under $6 million. When it was listed for $6.25 million earlier this spring, the New York Post noted that gangster Al Capone lived in the house from when he was 11 years old to his early 20s, at which time he left for Chicago and built his empire there. Most recently, the house has undergone a renovation that includes an open-concept Great Room with double-height ceiling, a chef-caliber kitchen, a full-floor primary suite with private terrace, and a top-floor solarium with terrace access.
Also of note, a Gramercy apartment once owned by Mike Piazza, a former New York Mets catcher and a member of the Baseball Hall of Fame, found a buyer last week. Mr. Piazza bought the three-bedroom penthouse with a private terrace at The Ram, a five-unit boutique condomniium, for just under $2 million in early 2001, at the height of his Mets career (h/t Observer). He listed it for $2.65 million in July 2004 amidst a move to Tribeca. Most recently, it entered contract with an asking price just under $5 million.
Would you like to tour any of these properties?
Just complete the info below.
Or call us at (212) 755-5544
Top NYC Contracts: August 11-17, 2025
#10 (tie). The Richmond, #25A
Last Ask: $5,995,000
Yorkville | Condominium | 4 Bedrooms, 4 Baths | 3,506 ft2
The Richmond, #25A (Brown Harris Stevens Residential Sales LLC)
#10 (tie). 38 Garfield Place, #TH
Last Ask: $5,995,000 (-4.1%)
Park Slope | Townhouse | 6+ Bedrooms, 5.5 Baths | 4,004 ft2
38 Garfield Place, #TH (Douglas Elliman Real Estate)
#10 (tie). 308 East 30th Street, #1
Last Ask: $5,995,000 (-4.1%)
Murray Hill | Townhouse | 6+ Bedrooms, 5.5 Baths | 5,174 ft2
308 East 30th Street, #1 (Douglas Elliman Real Estate)
#9. 116 West 74th Street, #TH
Last Ask: $6,500,000
Broadway Corridor | Townhouse | 6+ Bedrooms, 5 Baths | 6,683 ft2
116 West 74th Street, #TH (Douglas Elliman Real Estate)
#8. 15 West 81st Street, #10B
Last Ask: $6,175,000 (-5%)
Central Park West | Cooperative | 3 Bedrooms, 3.5 Baths
15 West 81st Street, #10B (Compass)
#7. 53 West 53, #33C
Last Ask: $7,410,000
Midtown West | Condominium | 3 Bedrooms, 3.5 Baths | 2,518 ft2
53 West 53, #33C (Douglas Elliman Real Estate)
#6. Fifteen Hudson Yards, #70B
Last Ask: $8,495,000
Midtown West | Condominium | 4 Bedrooms, 4.5 Baths | 3,029 ft2
Fifteen Hudson Yards, #70B (Corcoran Sunshine Marketing Group)
#5. 1289 Lexington Avenue, #19A
Last Ask: $9,150,000
Carnegie Hill | Condominium | 5 Bedrooms, 6+ Baths | 3,609 ft2
1289 Lexington Avenue, #19A (Brown Harris Stevens Residential Sales LLC)
#4. 330 West 88th Street, #TH
Last Ask: $10,000,000
Riverside Dr./West End Ave. | Townhouse | 4 Bedrooms, 6+ Baths | 7,000 ft2
330 West 88th Street, #TH (Sothebys International Realty)
57 Wyckoff Street, #TH (Serhant)
#2. 535 1st Street, #TH
Last Ask: $14,495,000 (-12.1%)
Park Slope | Townhouse | 5 Bedrooms, 4 Baths | 6,500 ft2
535 1st Street, #TH (Compass)
#1. 111 West 57th Street, #42
Last Ask: $22,500,000
Midtown West | Condominium | 4 Bedrooms, 4.5 Baths | 4,492 ft2
111 West 57th Street, #42 (Sothebys International Realty)
Would you like to tour any of these properties?
Just complete the info below.
Or call us at (212) 755-5544
Would you like to tour any of these properties?
6sqft delivers the latest on real estate, architecture, and design, straight from New York City.
