Naftali’s UES Project Nabs Contract For $26M Penthouse

A penthouse at Miki Naftali’s Upper East Side project crowned another bustling week for Manhattan’s luxury market.

The condo at 255 East 77th Street, last asking $25.8 million, was the priciest of 38 homes in the borough asking $4 million or more to find buyers between May 11 and May 17, according to Olshan Realty’s weekly report.

The total was up from the previous period, when 36 properties snagged inked deals. Buyers in Manhattan have signed contracts for more than 30 luxury homes in seven of the last eight weeks, and contract activity is up nearly 4 percent compared to the same period last year.

Unit PHA at Naftali’s building spans 5,900 square feet and has seven bedrooms and seven bathrooms. It also features two terraces, a formal dining room, library and views of Central Park.

Since sales launched in 2024, 60 of the building’s 62 units have found buyers. The two remaining condos are both penthouses, including a duplex asking $37.5 million and another unit asking $23.8 million.

Amenities in the Robert A.M. Stern-designed development include a fitness center, pool, recording studio and porte-cochere.

A team with Compass Development Marketing, led by Alexa Lambert, Alison Black and Shelton Smith, is heading sales.

The second most expensive property to enter contract was a townhouse in the West Village, with an asking price of $23.5 million. The 22-foot-wide home, which last traded in 2019 for $17.4 million, hit the market in September with a $24.5 million price tag.

The home at 146 Waverly Place was developed by Roundsquare Builders, the team behind the renovation of a West Village megamansion that snagged an inked deal at $70 million in April.

It spans 8,200 square feet across five stories and has five bedrooms and five bathrooms. It also features two terraces, including a rooftop deck with a pool, a back garden and a home theater in the basement.

Compass’ Hudson Advisory Team, led by Clayton Orrigo and Stephen Ferrara, had the listing.

Of the 38 properties to find buyers last week, 25 were condos, seven were co-ops, one was a condop and five were townhouses.

The homes were priced at a combined $274 million, which works out to an average of $7.2 million and a median of $5.5 million. The typical home was on the market for nearly two years and was discounted by 9 percent.