Legion Investment’s UES Condo Tops Manhattan Luxury Deals

Just a week into its sales launch, Legion Investment Group and Nahla Capital’s Upper East Side development snagged the top spot in Manhattan’s luxury market.

A condo at 1122 Madison Avenue, asking $14.6 million, was the priciest of 23 properties in the borough asking $4 million or more to find buyers last week, according to Olshan Realty’s weekly report. The total was slightly higher than the previous period, which saw 21 luxury homes enter contract.

Unit No. 11 North will span 3,200 square feet and have five bedrooms and four bathrooms. Plans for the apartment also include 11-foot ceilings and partial views of Central Park and the Metropolitan Museum of Art.

The developers tapped a team with Corcoran Sunshine Marketing Group, led by Cathy Franklin, to head sales at the project, which is expected to be completed in the fall of 2027. The team began marketing units off of floor plans on Jan. 15 and has so far scored signed contracts for four of the 22 condos. All four of the buyers appear to be local.

The building’s planned amenities include doormen, a fitness center, squash court, plunge pool and billiards room.

The developers nabbed a $195 million loan from Deutsche Bank and JVP Management in August 2024 to finance the construction of the project — a $95 million assemblage that the firms put together between 2019 and early 2024.

The second most expensive home to land an inked deal was Suite 1 at 240 Riverside Boulevard, with an asking price of $14.4 million. The 4,700-square-foot apartment spans the entire 30th floor and has four bedrooms and four bathrooms. It also features two terraces, a library and views of the Hudson River.

The unit, which last traded for $15.5 million in 2016, hit the market in November 2023 asking $18 million. Amenities at the building, known as the Heritage, include a fitness center, swimming pool, landscaped courtyard and garage.

Nest Seekers’ the Kim Team, led by Andy Kim, had the listing.

Of the 23 properties to find buyers, 15 were condos, seven were co-ops and one was a townhouse.

The homes asked a combined $190 million, which works out to an average of $8.3 million and a median of $7.1 million. The typical home was on the market for more than a year and had a discount of 4 percent.