Carnegie Hill Penthouse Tops Manhattan’s Luxury Contracts

Manhattan’s luxury residential market ended June on a high note, as a robust stock market helped fuel home sales in the borough.

Last week, 29 contracts were signed for homes asking $4 million or more in the borough, according to Olshan Realty’s weekly report. While the total snapped Manhattan’s five-week streak of 30 or more contracts inked, it solidified the month as one of the strongest Junes on the books since the early 2000s, second only to 2021.

The most expensive home to find a buyer was Unit PH at 180 East 88th Street in Carnegie Hill, with an asking price of $29 million. The triplex penthouse spans 5,500 square feet and has five bedrooms and four bathrooms.

It also features high ceilings ranging from 13.5 feet to 28 feet, sculptural staircase, loggias with tall archways and terraces on three levels.

Developer Joe Mcmillan’s DDG first offered the unit for $28 million when it launched sales off of floor plans in 2017. The sponsor upped the asking price to $33 million in 2022 and bumped it down to $29 million in January.

Corcoran Sunshine heads sales at the 47-unit building. Its amenities include a fitness center, doormen, basketball court, game room and residents’ lounge with a catering kitchen.

The second most expensive home to enter contract was Unit 60E at 217 West 57th Street, with an asking price of $22.1 million. The 35th-floor apartment spans 3,400 square feet and has three bedrooms and three bathrooms.

It offers views overlooking Central Park, 11-foot ceilings, formal entry foyer and gallery and floor-to-ceiling windows.

The Billionaires’ Row tower — marketed as the world’s tallest residential building at 1,550 feet — has doled out steep discounts since the fall of 2021, when developer Gary Barnett was selling units for about 25 percent less than the prices specified in the building’s offering plan, according to a TRD Pro analysis.

Even with the markdowns, deals at the supertall have placed among the priciest in the borough. Unit 122 closed for $45 million last December, ranking as the 10th most expensive sale in New York City in 2022, according to a TRD Pro analysis.

Extell Development Marketing heads up the sales at the 179-unit building, which began in 2018. Its amenities include indoor and outdoor pools, fitness center, children’s playroom and club room on the 68th floor with a ballroom, dining room, bar and cigar lounge.

Of the 29 homes that entered contract last week, 13 were condos, nine were co-ops and seven were townhouses.

The homes’ combined asking prices was $239 million, which works out to an average asking price of $8.3 million and a median asking price of $6.5 million. The average home was discounted 5 percent from the original asking price and spent 488 days on the market.