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

Market ticked up with 25 luxury contracts signed

53 Downing Street (Compass)
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.

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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.

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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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