Gut-renovated West Village townhouse tops Manhattan’s priciest contracts

Market ticked up with 25 luxury contracts signed

New York /
Jan.January 17, 2022 11:45 AM

53 Downing Street (Compass)

Manhattan’s luxury market ticked up last week after a relatively cool January.

Twenty-five contracts for properties asking $4 million and above were signed between Jan. 10 and Jan. 16, according to Olshan Realty’s weekly report. Of those, condos outnumbered co-ops 17 to six. Two townhouses were in the mix.

The priciest home to go into contract was 53 Downing Street, asking $15.7 million. That was significantly down from the $23 million it was asking when it was first listed in January 2018.

The home, which includes 8,260 square feet across five floors, was originally bought for $7.1 million in June 2014.

The property has since been gut renovated and includes five bedrooms, five bathrooms, three powder rooms, six terraces, an elevator and a garage. The living room has 14-foot ceilings that open onto a conservatory.

The second priciest home to go into contract was unit 3AC at 11 East 73rd Street. The unit was asking $12 million and sold within days of listing. It has two bedrooms, three and a half bathrooms, a library and two fireplaces. Other details include 15-floor ceilings, French doors and a 23-foot terrace outside the master bedroom.

The building was designed by Stanford White and completed in 1903 for $369,000. In 1933, the family of publisher Joseph Pulitzer converted the home into apartments. In 1952, they were converted into co-ops. Unit 3AC is the largest and only full-floor unit in the limestone mansion.

The asking prices of the 25 luxury Manhattan homes to go into contract totaled nearly $176 million. The average asking price was $7 million and the median was $6.45 million. There was a 6 percent average discount from original to the final asking price, and the homes spent an average of 563 days on the market.





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