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New York

One High Line, 432 Park lead Manhattan luxury contracts  

Two condos asking $25M topped last week’s 19 deals

One High Line, 432 Park Top Manhattan Market
500 W 18th Street, 432 Park Avenue (One High Line, 432 Park Avenue, Getty)

Manhattan’s luxury market continued its relative crawl through the dog days of summer last week, but notched some top-dollar deals.

The borough saw 19 homes enter contract between Aug. 14 and 20, according to Olshan Realty’s weekly report of deals for homes in the borough asking $4 million or more. 

The top contract last week went to a condo at 500 West 18th Street. It’s the fourth time this year Steve Wikoff’s Witkoff Group and Len Blavatnik’s Access Industries’ One High Line has scored a weekly top contract. 

Unit PH32A asked $25 million, down $3 million from its asking price when the unit first launched in 2018 as the Xi. The two-building project, made up of a hotel and a residential property, landed in a $1 billion-plus foreclosure two years ago before relaunching. 

The 5,700-square-foot apartment has five bedrooms and 5.5 bathrooms. It also has a large kitchen, a 48-foot great room and a living room that opens onto a 240-foot loggia. The building’s amenities include services from the project’s adjacent Faena Hotel, a fitness center, a 75-foot lap pool, a golf simulator and spa rooms.

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The second most expensive unit to enter contract last week was 63B at 432 Park Avenue. The unit asked $24.5 million, down from $28 million when it listed in February 2022. 

The 4,000-square-foot corner unit has three bedrooms, 4.5 bathrooms and 10 x 10 windows overlooking Central Park, the city skyline and offering river views. The unit has 12.5-foot ceilings. The seller paid $24.6 million for the unit in 2016.

The supertall building on Billionaire’s Row is 96 stories tall. Amenities include a fitness center, a 75-foot lap pool, a private dining room, a garden and a children’s playroom. 

Of the 19 homes to enter contract last week, 14 were condos and four were co-ops. The lone townhouse that did enter contract belonged to the late Stephen Sondheim. The eight-time Tony Award winner’s home at 246 East 49th Street hit the market in July with an asking price of $7 million. 

The homes’ combined asking price was $167.6 million, which works out to an average of $8.8 million and a median of $5.8 million. The typical home spent 657 days on the market and received a 9 percent discount. 

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432 Park AvenueLuxury Real EstateOlshan RealtyOne High Line