The Surrey Tops Manhattan’s Luxury Market

A condo at The Surrey once again nabbed the prime spot in Manhattan’s luxury market last week.

Unit 14C at the Reuben Brothers’ hotel-condo project, last priced at $11 million, was the most expensive home to land a signed contract between Oct. 28 and Nov. 3, according to Olshan Realty’s weekly report. The property was one of 26 in the borough asking $4 million or more to find buyers during the period, which was in line with the total from the previous week.

The apartment at 20 East 76th Street spans 2,100 square feet and has two bedrooms and two bathrooms. It also features a corner great room and a nearly 200-square-foot terrace.

The unit is the latest in the building to top Manhattan’s weekly contract reports since sales launched earlier this fall. In September, a six-bedroom apartment, last asking $28 million, snagged an agreement, followed by a three-bedroom condo, which found a buyer with an asking price of $24 million.

Douglas Elliman’s Lauren Muss and Michelle Griffith are heading sales at the residences, which include 14 condos above the 100-room hotel. Amenities at the building include a fitness center, rooftop terrace and Casa Tua, a private members’ club and Italian restaurant.

British billionaires David and Simon Reuben paid $150 million for the famed Surrey Hotel, known for hosting a star-studded list of guests including John F. Kennedy and Bette Davis. The Reuben brothers bought it from the Kaufman Organization in 2020, after the hotel filed for bankruptcy.

The second most expensive home to enter contract was Unit 3A at 137 Duane Street in Tribeca, with an asking price just under $11 million. The prewar condo spans 5,500 square feet and has three bedrooms, four bathrooms and 14-foot ceilings.

The apartment, which last traded for $10.1 million in 2018, hit the market two years ago with an asking price of $13.1 million. Amenities in the five-story, 19-unit building include key elevator access, live-in super and storage.

Clayton Orrigo of Compass’ Hudson Advisory Team had the listing.

Of the 26 Manhattan homes priced at $4 million or more to find buyers, 21 were condos, four were co-ops and one was a co-op.

The homes’ combined asking price was about $169 million, which works out to an average price of $6.5 million and a median of $6.2 million. The typical home spent 680 days on the market and was discounted 8 percent from the initial asking price.