A new development condo in the West Village and a penthouse tied to a Russian billionaire capped another busy week for Manhattan’s luxury market.
Unit PH11 at 140 Jane Street, asking $45 million, was the priciest of 37 homes in the borough asking $4 million or more to find a buyer between Nov. 11 to Nov. 17, according to Olshan Realty’s weekly report.
The total number of signed deals was less than the 39 contracts signed in the previous period, but the volume, roughly $365 million, was the largest since Christmas week in 2021.
The penthouse at the Aurora Capital Partners development spans 5,700 square feet and has five bedrooms and five bathrooms. It also features a 1,700-square-foot terrace with a hot tub overlooking the Hudson River.
Corcoran Sunshine and Corcoran’s Tara King-Brown are heading sales at the 14-unit building, which has topped weekly contract reports over the last two months. At the end of October, a sixth-floor unit asking roughly $40 million snagged an inked deal, and in the month prior, another apartment asking $23 million also found a buyer.
Amenities planned for the building, which is slated for completion next year, include a doorman, parking garage, fitness center and lap pool. The project’s projected sellout is around $400 million, according to the offering plan approved by the New York Attorney General in June.
The second most expensive property to land a signed contract was PH40A at 15 Central Park West, with an asking price of $39 million, down from the $65 million it sought when it hit the market last year.
The 5,400-square-foot abode has four bedrooms, three bathrooms and a great room overlooking Central Park. The contract appears to include two other units, including a one-bedroom apartment and studio, according to the listing on Douglas Elliman’s website.
Russian billionaire Valery Kogan, the co-owner of Moscow’s Domodedovo Airport, and his wife, Olga, bought the apartment from the building’s developer, the Zeckendorf family, for $23 million in 2008. In the year prior, the couple also purchased two apartments at the Plaza Hotel for $26 million.
Miami-based Rok Lending initiated a U.C.C. foreclosure against the properties last month after the couple allegedly defaulted on $4.2 million in payments. A company linked to the Kogans had taken out a $38 million loan secured by the properties. Kogan has attempted to offload several of his properties since 2022, including houses in Greenwich, Connecticut and Israel.
Douglas Elliman’s Adam Rothman had the listing.
Of the 37 homes to find buyers, 26 were condos, nine were co-ops and two were townhouses. The homes had an average asking price just under $10 million and a median of $6.4 million. The typical home spent 765 days on the market and was discounted 14 percent from the listing price.
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