search

The Real Deal Logo

Trending

H-E-B snags 21 acres in Celina, hinting at development boomH-E-B snags 21 acres in Celina, hinting at development boomLawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421aHGTV’s “Mr. Flip It” gets four years in jail for $10M fraudHGTV’s “Mr. Flip It” gets four years in jail for $10M fraudBe “upfront and proactive”: Lenders, developers talk distress, workoutsBe “upfront and proactive”: Lenders, developers talk distress, workouts
New York

Penthouse at 18 Gramercy Park in contract for $42M

From left: a rendering of the interior of 18 Gramercy Park, the Zeckendorf brothers and a rendering of the exterior of the building
From left: a rendering of the interior of 18 Gramercy Park, the Zeckendorf brothers and a rendering of the exterior of the building

The penthouse at 18 Gramercy Park is in contract for the full asking price of $42 million, the Wall Street Journal reported. Upon closing, the deal is to represent the highest price ever paid for a Manhattan apartment south of 59th Street, according to Jonathan Miller of analytics firm Miller Samuel.

The five-bedroom duplex has four terraces — one spanning 40 feet — and an outdoor swimming pool, the Journal said.

Sign Up for the undefined Newsletter

Developers Arthur and William Zeckendorf and Eyal Ofer partnered again with architect Robert A.M. Stern, with whom they previously teamed up for blockbuster building 15 Central Park West.

The developers told the Journal that eight of the 16 units at 18 Gramercy Park are currently in contract. [WSJ, 4th item] — Guelda Voien