The Real Deal New York

Walker Tower PH sells for $31M

The condo was asking $42M
By Meenal Vamburkar | June 27, 2018 06:00PM

Walker Tower at 212 West 18th Street

A full-floor penthouse at Walker Tower sold for $31 million — below the $42 million it was asking.

The unknown seller, in property records as 210 West 18th Street 2012, LLC, paid $31.3 million for the condo in 2014. The buyer is an anonymous LLC, according to New York City Department of Finance records.

The penthouse — at JDS Development Group and Property Market Group’s 212 West 18th Street — hit the market last year for $42 million. At the time, listing agent Toni Haber of Compass said the seller was looking to downsize since they won’t be spending as much time in New York. The unit has been on and off the market over the last several years, according to StreetEasy.

The penthouse is a combination of two units and spans nearly 7,000 square feet. It includes a library with a wood-burning fireplace and a separate guest wing with an optional private entry, according to StreetEasy.

The sale comes as the Manhattan luxury market saw an unexpected boost last week, recording 33 contracts at $4 million and up, according to Olshan Realty’s weekly market report. The homes had an average discount of 7 percent from the original asking price. The second quarter of the year recorded 346 contracts at $4 million and up, compared to 348 in 2017.

The top spot last week went to an Upper East Side townhouse at 110 East 76th Street with an asking price of $51 million. Meanwhile, the priciest deal that has closed in Downtown Manhattan was private equity executive Robert F. Smith’s buy a roughly $59 million penthouse at the Getty.