For the third time in six months, a unit at Legion Investment Group’s in-progress 109 East 79th Street condominium was the priciest home of the week to enter into contract.
Unit 6W was asking $16.85 million when a buyer signed a purchase agreement, according to a weekly report by Olshan Realty covering residential properties priced at $4 million and above between May 30 and June 5.
The apartment is over 4,000 square feet and has five bedrooms and five and a half bathrooms. It features a 32-foot living room with ceiling heights of 17 feet, six inches. The 20-story building was designed by Steven Harris Architects. Completion is expected in the fourth quarter of this year.
Amenities include a international-size squash court that converts to a basketball court, a gym, golf simulator, game room and spa treatment center. Twenty-seven of the 31 units have sold with asking prices averaging $4,035 per square foot.
Read more
Residential
New York
Manhattan luxury contracts kick back for Memorial Day
Residential
New York
Olympia Dumbo, Ernest Crichlow’s former home top Brooklyn luxury deals
Residential
New York
Manhattan luxury market slumps back toward normal
The second priciest home to enter into contract was unit 1015 at Westbrook Partners’ 225 West 86th Street, asking $11.15 million. The prewar condo apartment exceeds 4,000 square feet and has four bedrooms, four and a half bathrooms and a library. It also features a 31-foot living room and an eat-in, Molteni-designed kitchen. The primary bedroom overlooks a 22,000-square-foot private garden.
The building is called the Belnord, a rental turned condo. Westbrook took over the conversion from HFZ, The Real Deal reported in early 2021. The renovation was designed by Robert A.M. Stern. Amenities include a fitness center, children’s playroom and lounge.
Overall, 28 contracts for Manhattan homes asking $4 million or more were signed last week. That was seven more than the previous week, snapping a three-week decline in sales.
Twenty of those were for condo units, four were for co-ops and four were for townhouses. Their combined asking prices totaled $190 million, with a median price of $6.13 million. The average home spent 347 days on the market and was discounted 3 percent from its initial ask.