15 Central Park West tops Manhattan’s luxury contracts

February kicks off with 40 deals in peak for 2022

New York /
Feb.February 07, 2022 04:30 PM

(Streeteasy, The Bellemont)

The first week of February may have brought a harsh wintry mix to Manhattan, but the borough’s luxury market appeared to warm up.

Between Jan. 31 and Feb. 6, 40 luxury contracts were signed, according to Olshan Realty’s weekly report. Five weeks into the new year, the period marked the first time in 2022 the luxury market has cracked 30 or more contracts signed at $4 million and above.

Of the 40 total, 27 were for condos, nine were for co-ops and four for townhouses.

The priciest contract was for 34A at 15 Central Park West. The unit was asking $21.95 million and sold within days of listing. The seller paid $18.8 million in 2008 for the 3,100-square-foot condo, which includes three bedrooms and three and a half bathrooms.

The building was designed by Robert A.M. Stern. Its amenities include a 14,000-square-foot fitness center with a 75-foot pool, residents-only restaurant, library, outdoor terrace, children’s playroom and landscaped motor court.

The second-priciest contract was the 7th floor at 1165 Madison Avenue. The full-floor unit asked $18.75 million, raised from the original offering plan price of $18.25 million. The 6,100-square-floor unit includes five bedrooms and six and a half bathrooms, in addition to 13-floor ceilings and a 513-square-foot great room.

The unit is in the Bellemont, a newly constructed 14-story condo also designed by Stern. Amenities include a fitness center, squash court, roof terrace, children’s playroom and screening room. Nine out of 12 units have sold since marketing kicked off in fall 2021, with asking prices averaging $3,768 per square foot.

The asking prices of all 40 contracts totaled $300 million with a median asking price of nearly $6 million. On average, there was a 3 percent discount from original ask to last asking price and units spent an average of 590 days on the market.





    Related Articles

    arrow_forward_ios
    L-R: Savanna's Chris Schlank, Eastdil Secured's Will Silverman, JLL's Bob Knakal (Photos by Paul Dilakian)
    Office royalty talk conversions, distress and the “downsize upgrade” trend
    Office royalty talk conversions, distress and the “downsize upgrade” trend
    From left: Amy Schumer and 190 Riverside Drive; Jimmy Fallon and 34 Gramercy Park East (Getty Images, Beyond My Ken, CC BY-SA 4.0 - via Wikimedia Commons, iStock)
    Jimmy Fallon, Amy Schumer selling Manhattan pads
    Jimmy Fallon, Amy Schumer selling Manhattan pads
    OKO's Vladislav Doronin and the Crown Building ( OKO Group, Aman)
    Crown Building notches another peak sale with $55M condo
    Crown Building notches another peak sale with $55M condo
    R-L: Willow's Kevin Danehy, Era Ventures' Clelia Warburg Peters, Fifth Wall's Brad Greiwe and The Real Deal's Hiten Samtani (Photo by Paul Dilakian)
    Real estate tech is coming for your business
    Real estate tech is coming for your business
    A photo illustration of a crystal ball predicting future home prices (iStock)
    Home sales, building to slow: Fannie Mae
    Home sales, building to slow: Fannie Mae
    New York skyline
    Rising interest rates will dampen city’s investment sales market this year
    Rising interest rates will dampen city’s investment sales market this year
    L-R: Douglas Elliman CEO Scott Durkin, Serhant CEO Ryan Serhant, Brown Harris Stevens CEO Bess Freedman, The Real Deal's Hiten Samtani (Photos by Paul Dilakian)
    Top resi execs talk brand building, tech and politics at TRD NYC event
    Top resi execs talk brand building, tech and politics at TRD NYC event
    Southampton Village mayor Jesse Warren (Getty Images, iStock, Illustration by Kevin Cifuentes for The Real Deal)
    Southampton Village allows owners to collect summer’s rent upfront
    Southampton Village allows owners to collect summer’s rent upfront
    arrow_forward_ios

    The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

    Loading...