First Closings Come in Over Ask at Eichner's Madison Square Park Tower

By CityRealty Staff | From Great Listings Wednesday, August 2, 2017

Great room with northern exposure at Madison Square Park Tower (Credit: Evan Joseph)

Closings have begun at Madison Square Park Tower, one of the city’s most striking skyscrapers to rise in recent memory. The first closings in are a two-bedroom on the 36th floor that sold for $7.229M ($3,531 a foot) and a 3-bedroom on the 21st floor that sold for $6.413M ($2,960 a foot). Both homes closed more than 2% above their asking prices. The building has many of the priciest listings in the Flatiron-Union Square neighborhood, where the average closing price per foot recorded last month stood at $2,554, double the Manhattan average.

Madison Square Park Tower is being brought to market by Bruce Eichner's Continuum Company and climbs 777-feet tall over tree-lined 22nd Street —just south of its namesake park. Kohn Pedersen Fox, masters of vertical habitation, sculpted the svelte form to hold just 83 residences, all with enviable views over the city. The building publicly presents a rusticated stone base countered by a glass curtain wall that seamlessly enfolds around a crystalline body.

The apartments run from one-bedrooms to duplex penthouses, many of which are now ready for immediate occupancy. Douglas Elliman’s Fredrik Eklund and John Gomes are handling sales and marketing. Just a handful of units remain, and the six actively listed apartments are shown below:

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#PHA - 5 bed / 5.5 bath | 7,028 ft² | $48 million

#55FL - 4 bed / 4.5 bath | 4,651 ft² | $20 million

#46A - 3 bed / 3 bath | 2,467 ft² | $9.375 million

#48B - 2 bed / 2 bath | 2,169 ft² | $8.325 million

#18A - 3 bed / 3 bath | 2,138 ft² | $5.74 million

#18B - 1 bed / 1 bath | 1,087 ft² | $2.75 million

Martin Brudnizki Design Studio refined the interior spaces to create an elevated and sophisticated lifestyle experience where no amenity is to be sacrificed. All homes feature cabinetry by Molteni, appliances by Miele and Sub-Zero, solid oak wood flooring and marble bathrooms with custom Waterworks fixtures and soaking tubs. The podium levels accommodate the amenities which entail a fitness center with a boxing and private training suite, a golf simulator, a basketball court, a children’s playroom, a library, a billiards room, a cards room, and a terrace with an outdoor grill. There is also on-site parking, a live-in resident manager, a full-time doorman, and a concierge.

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