Hampshire House co-op tops stellar week for Manhattan’s luxury market

Most units asking $4M+ entered contract last week since May 2022

Harrison Connery

Feb 21, 2023, 4:30 PM

Manhattan’s luxury market just notched one of its best weeks in nine months.

Thirty-one homes went into contract asking $4 million or more, according to Olshan Realty’s weekly report on homes asking $4 million or more. The total is the highest since mid-May 2022.

The most expensive home to enter contract last week was a co-op at 150 Central Park South. The 6,500-square-foot home on the 27th floor was asking $30 million and spent less than two weeks on the market.

Along with seven bedrooms and five bathrooms, the home has a 720-square-foot great room with 18-foot ceilings and three, 15-foot arched doors that open onto a 46-foot terrace overlooking Central Park. Monthly maintenance for the unit is just under $32,000.

The seller is the estate of the late Julian H. Robertson, Jr., the hedge fund titan who founded Tiger Management. Robertson died in August at age 90.

The second most expensive home to enter contract last week was PH77A at 30 Park Place, with an asking price of $19.8 million, down $4 million from when it was listed in June.

The 4,000-square-foot condo has four bedrooms, four and a half bathrooms and two 93-square-foot terraces. It also has 12-foot ceilings. The corner living room and formal dining room offer panoramic views to the north, east and west.

The penthouse unit last sold for $18.4 million in 2017. The 80-story building, designed by Robert A.M. Stern, has a Four Seasons hotel on the lower floors and 157 condos in the rest of the tower.

The week’s total asking price volume reached a “robust” $272.2 million. Of the 31 contracts, 21 were for condos, seven were for co-ops and three were for condops.

The average asking price was $8.1 million and the median asking price was $6.2 million. The typical home spent 505 days on the market and received a 6 percent discount.