The Giorgio Armani Residences once again nabbed the top spot in Manhattan’s luxury market, marking the fourth time the branded condo has landed a top deal this year.
The penthouse at 760 Madison Avenue, asking $32.5 million, was the most expensive of 20 homes asking $4 million or more to find buyers last week, according to Olshan Realty’s weekly report.
Though the two priciest inked deals were for sponsor units, new developments only accounted for five of the 20 total contracts — the lowest number of sponsor sales since February.
Unit PH11 at the site of the Armani retail store — and rumored home of its namesake designer — spans 4,200 square feet and has four bedrooms and four bathrooms. The duplex also features two balconies and a landscaped terrace.
Douglas Elliman’s Sabrina Saltiel had the listing.
Construction on the 12-story Upper East Side building hasn’t yet wrapped, but all units have been sold since sales launched last summer. Sale prices for the 10 units have averaged just under $5,000 per square foot.
Amenities at the building include a fitness center, landscaped terrace and residents’ lounge.
The second most expensive home to find a buyer was a condo at Extell Development’s Central Park Tower, asking $23.4 million. The 3,400-square-foot apartment has three bedrooms and three bathrooms. Unit 65E also features 11-foot ceilings, views of Central Park and a formal entry foyer.
Corcoran Sunshine and Extell’s in-house team are heading sales at the building, which has been billed as the tallest residential skyscraper in the world. Amenities at the 179-unit supertall include indoor and outdoor pools, a fitness center and clubroom.
The tower’s crown jewel penthouse, last asking $195 million, was central to the plot of Ryan Serhant’s Netflix reality show, “Owning Manhattan.” The series, which premiered earlier this month, features Serhant’s attempts to sell the sprawling pad before the end of his listing agreement.
Serhant was still the listing agent on the property when the show premiered, but the penthouse was removed from the market last week. It’s unclear whether the developer will re-list the home with a new team or an updated asking price.
Of the 20 homes, 12 were condos, seven were co-ops and one was a townhouse. Last week’s total was on par with the previous period and nearly lines up with the 10-year average of 21 luxury contracts signed for the third week in July.
The homes’ combined asking price was $181 million, which works out to an average of $9.1 million and a median of $7 million. The typical home spent 590 days on the market and received an 11 percent discount.
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