search

The Real Deal Logo

Trending

Glossier founder is buyer of $22M Brooklyn townhouseGlossier founder is buyer of $22M Brooklyn townhouseBrookfield’s deal to sell 777 Tower in Downtown LA collapsesBrookfield’s deal to sell 777 Tower in Downtown LA collapsesSwig finds new bottom with DTLA office sale at $94 a sfSwig finds new bottom with DTLA office sale at $94 a sfDevelopers have a new tax break. Now they must figure it outDevelopers have a new tax break. Now they must figure it out
Residential
New York

Lenox Hill, Tribeca penthouses top Manhattan luxury market

Sixteen contracts signed last week for homes asking at least $4M totaled $128.5M

From left: 605 Park Avenue and 100 Barclay Street (Getty, LoopNet, Brown Harris Stevens)
From left: 605 Park Avenue and 100 Barclay Street (Getty, LoopNet, Brown Harris Stevens)

After a busy start to December, Manhattan’s luxury market slowed again last week.

Buyers signed contracts for 16 homes asking $4 million or above, according to Olshan Realty’s weekly report, down from 21 the week prior, the most since early November. Seven of the deals were for condominiums, six for townhouses and three for co-op units.

Two penthouses, one Uptown and one Downtown, led the way.

The most expensive home to go into contract was a 5,400-square-foot triplex co-op at 605 Park Avenue last asking $15 million. The five-bedroom penthouse — which first hit the market for $17.5 million in September — comes with a 31-foot living room, a formal dining room, three bedrooms and a gym on its bottom floor, all of which are surrounded by a wraparound terrace.

Sign Up for the undefined Newsletter

The second floor has a den with a wet bar and two more bedrooms, while the top floor has a solarium and a roof terrace. Monthly maintenance costs are $22,000 for amenities including a door man, a resident manager, a gym and storage.

Read more

The second most expensive home to enter contract last week was Penthouse B, also known as unit 31A, at 100 Barclay Street in Tribeca, with an asking price of $13.5 million. On and off the market since March, the 4,300-square-foot, five-bedroom condo has a 1,000-square-foot terrace and a large great room and 10-foot ceilings. The seller bought the unit in 2017 for $11.2 million.

The building has over 40,000 square feet of amenities, including a fitness center, a pool, a roof deck, a media room, a bike room and wine lockers.

The combined volume of the 16 units that went into contract was $128.5 million. The average asking price was $8 million and the median asking price was $7.4 million. The typical home was discounted 7 percent and has spent 597 days on the market.

Tags
Luxury Real EstateOlshan RealtyResidential Brokerage