Lenox Hill townhouse tops Manhattan luxury market
Priciest contract for 138 East 65th Street, asking $17M
New York City’s luxury townhouses take regular turns atop signed contracts, but the property type has been absent from the lead in Manhattan’s luxury market — until last week
The most expensive contract of the week was for 138 East 65th Street, according to Olshan Realty’s weekly report of homes in the borough asking $4 million or more. The 5,400-square-foot home in Lenox Hill asked just under $17 million.
The five-story house has five bedrooms and six bathrooms. Along with an elevator, the home has two terraces a garden and distinctive copper-clad windows on its facade. Last bought for $10 million in 2012, the home was renovated before initially hitting the market in December 2021 asking $22 million.
The second most expensive contract last week was for unit 48A at 53 West 53rd Street, with an asking price of $15.3 million, down from $18.2 million in 2015 when the building started marketing off floorplans.
The 3,800-square-foot condo has four bedrooms, 4.5 bathrooms and a study. It has 11-foot ceilings, a nearly 600-square-foot living room, and offers city views to the north and east. Amenities at the building, designed by Pritzker Prize-winning architect Jean Nouvel, include a 65-foot lap pool, golf simulator, wine room, theater and library.
Of the 28 homes to enter contract last week, 21 were condos, five were co-ops and two were townhouses.
The homes combined for $208.6 million in volume and had an average price of $7.4 million and a median asking price just under $6 million. The typical home was discounted five percent and spent an average of 744 days on the market.
Manhattan’s housing market could be in store for a big spring, according to a recent report by Miller Samuel for Douglas Elliman. Growth in new listings and new contracts across property types amounted to a trend report author Jonathan Miller called “beyond seasonal.”