443 Greenwich penthouse leads Manhattan’s luxury contracts

Unit PHE, asking $28M, snagged priciest contract

UES, 443 Greenwich Penthouses Top Manhattan Luxury Contracts
Compass’ Jennifer Regen with 443 Greenwich and 126 East 86th Street (Compass, Arloparc)

Penthouses in Tribeca and the Upper East Side led another busy week for Manhattan’s luxury market.

Unit PHE at 443 Greenwich, asking $28 million, was the priciest of 21 properties in the borough to find buyers between Feb. 5 and Feb. 11, according to Olshan Realty’s weekly report on homes asking $4 million or more.

The triplex condo spans nearly 5,000 square feet and has four bedrooms and four bathrooms. It features a 1,200-square-foot terrace, and the deal for the unit also includes a parking space with an electric charging station.

The home hit the market in July with an asking price of $32.5 million. It last traded for $20 million in 2017, when the seller purchased it from the sponsor. 

Compass’ Jennifer Regen had the listing. 

Metro Lofts converted 443 Greenwich, a former factory built in the 1880s, into a 53-unit condominium in 2015. The building’s amenities include doormen, a fitness center, lap pool and garage with valet parking.

Since sales launched in 2014, the building — known for being “paparazzi-proof” —  has welcomed a slew of star-studded buyers, including Jennifer Lawrence, Justin Timberlake and Amy Schumer. 

Sign Up for the undefined Newsletter

By signing up, you agree to TheRealDeal Terms of Use and acknowledge the data practices in our Privacy Policy.

The second most expensive home to enter contract was a penthouse at Ryback Development’s 126 East 86th Street, with an asking price just under $20 million. The duplex condo spans 5,700 square feet and has five bedrooms and five bathrooms.

The home also has three balconies and a 1,600-square-foot rooftop terrace with a pergola and outdoor kitchen.

Corcoran’s Beth Benalloul had the listing.

Corcoran New Development heads sales at the 19-story building, known as Arloparc. Its amenities include doormen, a fitness center, children’s playroom and lounge with a terrace. 

Of the 21 contracts inked, two were for co-ops, 16 were for condos and three were for townhouses. A third of last week’s contracts were for homes asking over $10 million. 

The properties’ combined asking price was $204 million, which works out to a median asking price of $7.3 million and an average asking price of $9.7 million. The typical home received a 13 percent discount and spent 695 days on the market.

Read more