Residential
New York
Manhattan luxury contracts had a trophy week
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One57 topped another busy week for Manhattan trophy properties
Ten homes asking $10M+ found buyers last week
Manhattan’s luxury market logged another banner week for trophy properties.
Buyers signed 10 contracts for homes asking $10 million or more between May 6 and May 12, according to Olshan Realty’s weekly report.
The total of inked trophy property deals — up from eight in the previous period — hit the highest number since mid-July.
The priciest home to snag a signed contract was the 86th floor of 157 West 57th Street, with an asking price of $38.5 million. The 6,200-square-foot condo, which hit the market in March, has four bedrooms and five bathrooms. It last traded for $31.9 million in 2021.
The Billionaires’ Row home also features views of Central Park and the East and Hudson rivers. It has a private landing with key-locked elevator and an open-concept family room and kitchen.
Compass’ Jorge Lopez had the listing.
Amenities at Extell Development’s 90-unit tower include a fitness center, pool, garage and hotel services from the Park Hyatt Hotel on the lower floors.
Discounts have plagued the building, known as One57, with several units trading for nearly $10 million less than their initial asking prices.
The second most expensive home to find a buyer was 118 West 12th Street in Greenwich Village, with an asking price of $19 million. The four-story townhouse spans 6,600 square feet and has five bedrooms and three bathrooms.
Clayton Orrigo, Stephen Ferrara and Eva Alt of Compass’ The Hudson Advisory Team had the listing
The renovated home — sold by Glossier founder Emily Weiss and her partner, fintech executive William Gaybrick — also features a landscaped garden and terrace.
The couple purchased the home in November for just under $18 million, but they opted to trade it for a Brooklyn Heights brownstone just five months later.
In total, 32 homes asking $4 million or more entered contract last week, six more than the previous period. Of those, 16 were condos, 10 were co-ops, five were townhouses and one was a condop.
The homes’ combined asking price was $313.5 million, which works out to an average of $9.8 million and a median of $7.4 million. The typical home spent 388 days on the market and received an 8 percent discount.
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