Tribeca penthouse tops Manhattan luxury contracts

Four-bedroom, five-bathroom unit asked nearly $15M

New York /
Mar.March 21, 2022 11:45 AM

67 Franklin Street (City Realty, Olshan Realty, iStock/Photo Illustration by Steven Dilakian for The Real Deal)

A duplex condo built on top of an 1881 cast iron building took the gold among luxury contracts signed last week in Manhattan.

The 4,568-square-foot penthouse at 67 Franklin Street took the top spot in Olshan Realty’s weekly report on the borough’s signed contracts at $4 million and above. The four-bedroom, five-bathroom unit asked $14.95 million and entered the market in July 2019.

The unit includes a den, four terraces totaling 1,374 square feet and a 43-foot great room with 20-foot ceilings.

 

(Source: Olshan Realty)

The 13-unit condo, known as the Cast Iron House, was designed by Pritzker Prize-winning architect Shigeru Ban. Amenities in the building include a gym and children’s playroom.

The second priciest contract went to 12A at 720 Park Avenue, asking $14 million. The unit has been on and off the market since April 2017, when it started at $28 million.

The pre-war co-op has three bedrooms and five and a half bathrooms. A living room, dining room, library and primary bedroom comprise 92 feet overlooking Park Avenue, in addition to a wine vault and entertaining space with 14-foot ceilings.

Amenities in the 17-story, 29-unit co-op include a fitness center and a squash court.

Of the 35 contracts signed between March 14 and 20, asking prices totaled $235 million with a median asking price of $6.73 million. There was an average 4 percent discount from original ask to last asking price and units spent an average of 653 days on the market.

Twenty-six of the units entered into contract were condos and five were co-ops. The week also had three townhouses and one condop in the mix.

The week notched six less contracts than the previous week, which marked a high for the borough’s luxury market so far in 2022. In the first two months of the year, 244 contracts were signed at $4 million and above, according to Olshan Realty, the strongest start of any year since the report began tracking in 2006.





    Related Articles

    arrow_forward_ios
    From left: Basis Investment Group's Tammy Jones, BRP Companies' Meredith Marshall, and a rendering of 90-02 168th Street (BRP, Basis, iStock)
    BRP lands $378M for resi project in Jamaica
    BRP lands $378M for resi project in Jamaica
    17 West 9th Street and 15 Hudson Yards (BHS, Diller Scofidio + Renfro)
    West Village townhouse with $6M price cut snags priciest contract
    West Village townhouse with $6M price cut snags priciest contract
    LG Fairmont CEO Aaron Graf and Compass CEO Robert Reffkin (LG Fairmont, Getty)
    Boutique brokerage LG Fairmont joins Compass
    Boutique brokerage LG Fairmont joins Compass
    The glamping tent (Glamping Hub, iStock)
    Happy glamper: Tented Airbnb only miles from Hawaii volcano
    Happy glamper: Tented Airbnb only miles from Hawaii volcano
    1200 Silo Ln, York, NE 68467 (Redfin, iStock)
    Missile silo converted into apocalypse-ready home asking $550K
    Missile silo converted into apocalypse-ready home asking $550K
    Elvis Presley and his childhood home in Tupelo, MI
    Don’t be cruel: Elvis childhood home back on auction block
    Don’t be cruel: Elvis childhood home back on auction block
    Passage Island (Fay Ranches, iStock)
    Private Alaskan island that expands at low tide to ask $20M
    Private Alaskan island that expands at low tide to ask $20M
    A photo illustration of No. 15 Shouson Hill Road West in Hong Kong (Emperor International Holdings Limited, iStock)
    Hong Kong’s priciest 2022 home fetches $111M
    Hong Kong’s priciest 2022 home fetches $111M
    arrow_forward_ios

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

    Loading...