Greenwich Lane townhouse tops Manhattan luxury contracts

Activity continued weekly climb as co-op deals hit double digits

Greenwich Lane Townhouse Tops Manhattan Luxury Contracts
PH at 933 Fifth Avenue and 135 W 11th Street with Ryan Serhant (Google Maps, Getty)

If three’s a crowd, four is a party in Manhattan’s luxury co-ops. 

Last week, the borough saw 10 co-ops go into contract for homes asking $4 million or more, marking the fourth period this year to report co-op contracts in the double digits. The highest total reported this year is 11, set between May 29 and June 4.

The peak for the property type came alongside the continued rise in overall contracts. The most expensive of last week’s 24 total deals was a townhouse at 135 West 11th Street asking $32 million. 

The five-story, 7,000-square-foot house has five bedrooms and five bathrooms. It also has two terraces off the top floor and a 460-square-foot garden in the back. 

The seller bought the house from the sponsor in 2019 for $21.9 million. Monthly common charges are $22,000 and annual real estate taxes are $99,000. 

The townhouse is part of The Greenwich Lane, a five-building complex of 193 condos and five townhouses delivered in a conversion of the former St. Vincent’s Hospital by the Rudin family and Global Holdings.  

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The second most expensive home to enter contract last week was unit PH at 933 Fifth Avenue. The property asked $20 million, down from $39.5 million when it first listed in June 2021.

The deal signed last week marks the second time the apartment has gone into contract this year after a buyer was rejected in March by the co-op board, which does not allow financing. 

The duplex penthouse has four bedrooms, 4.5 bathrooms and a total of 12 rooms. A 40-foot living room, gallery, and formal dining room open onto a 51-foot terrace overlooking Central Park. The three upstairs bedrooms also open onto terraces. 

Ryan Serhant, founder of the eponymous brokerage, had the listing. 

Of the 24 homes to enter contract last week, 11 were condos, 10 were co-ops, two were townhouses and one was a cond-op. 

The homes’ combined asking price was $205.4 million, which works out to an average asking price of $8.6 million and a median asking price of $6.9 million. The typical home received a 16 percent discount and spent 526 days on the market.

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