West Village townhouse, Brodsky condo top Manhattan luxury contracts

Manhattan’s luxury market held steady with signed contract activity last week, but its two priciest properties had price cuts in tow. 

The most expensive home to enter contract was a townhouse at 118 West 12th Street, with an asking price just under $20 million, according to Olshan Realty’s weekly report of homes in the borough asking at least $4 million. The last asking price is down from nearly $30 million when it listed in June 2022.

The seller bought the 24.5-foot-wide home for $15 million in 2021. The property has four stories and spans 6,600 square feet. It has five bedrooms, three bathrooms and two powder rooms, as well as a landscaped garden and a terrace off the top floor. 

A listing posted when the property hit the market in 2017 said it was the first time the 1847-built Greek Revival townhouse has been publicly sold in 170 years. The son of artist Roy Lichtenstein initially asked $25 million before reducing the price to $22 million two months later. 

The second most expensive home to enter contract last week was PH17W at 135 East 79th Street. The sponsor unit had an asking price of $19.9 million, down from the $22.4 million the seller paid the sponsor for the unit in 2013. 

The 5,300-square-foot condo has five bedrooms and 5.5 bathrooms. It also has a library with a 269-square-foot terrace.

Amenities at the building include a fitness center, billiards room and resident wine cellar for a fee. There’s also a bicycle storage room and a lounge with a grand piano, fireplace and a catering kitchen that opens onto a landscaped courtyard garden. 

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Of the 20 homes to enter contract last week, 14 were condos, three were co-ops, two were townhouses and one was a cond-op. 

The homes’ combined asking price was $174.8 million, which works out to an average asking price of $7.9 million and a median price of $5.4 million. The typical home spent 614 days on the market and received a 9 percent discount.