One High Line tops Manhattan luxury market for sixth time this year
Average sale of $7.8 million in week before Christmas
Fourteen homes went into contract the week before Christmas in Manhattan’s luxury market.
The most expensive home to go into contract was PH33A at 500 West 18th Street, with an asking price of $26.5 million, according to Olshan Realty’s weekly report of homes in the borough asking $4 million or more. The 5,700-square-foot condo has five bedrooms and 5.5 bathrooms, along with a 47-foot great room with views of the Hudson River. The 26-foot dining room and kitchen open onto a 300-square-foot closed terrace.
It’s the sixth time the building known as One High Line has topped the Manhattan luxury market this year. It was originally known as the Xi, but fell into a $1 billion-plus foreclosure before being rebranded in 2021 under its new sponsor, Witkoff. Amenities at the two-building development, which includes a luxury hotel, include a fitness center, a 75-foot lap pool, spa treatment rooms and private dining.
Corcoran Sunshine is representing the building.
The second most expensive home to enter contract last week was the 8th floor at 955 Fifth Avenue, with an asking price of $13.8 million, down from an initial price of $14.6 million in 2021. The unit has five bedrooms, 6.5 bathrooms and a living room, primary bedroom, library and a second living room facing Central Park. The unit is made of two combined apartments and needs to be refigured — it currently has two kitchens and two dining rooms. The seller first owned 8B and then bought 8A for $2.5 million in 2019.
Brown Harris Stevens’ Wendy Richardson had the listing.
Of the 14 homes to enter contract last week, eight were condos, five were co-ops and one was a townhouse. The homes’ combined asking price was $109.2 million, at an average of $7.8 million and a median of $5 million. The typical home received a 6 percent discount and spent 666 days on the market.