One High Line Penthouse Asking $27M Snags Contract

Following a turbulent eight years since launching sales, Witkoff Group and Access Industries’ One High Line has found a buyer for its final penthouse.

The condo at 500 West 18th Street, asking $26.6 million, was the priciest of 35 homes in Manhattan asking $4 million or more to snag signed contracts between June 8 and June 14, according to Olshan Realty’s weekly report.

The total was on par with the previous period, when buyers inked deals for 36 properties.

West PH35B is one of 12 penthouses at the West Chelsea development, 10 of which have already closed for an average of $4,800 per square foot.

The condo, which was shopped at $26 million from floor plans in 2018, spans more than 5,000 square feet and has four bedrooms and four bathrooms. It also features two loggias, a corner great room and views of the Hudson River.

The two-tower project was initially called the Xi when its former developer, HFZ Capital, began marketing it in 2018. Witkoff and Access took over the development in 2021 after a lender foreclosed on HFZ’s stake. Since then, the building has surpassed $1 billion in sales, and earlier this year, it snagged $525 million in refinancing.

A team with Corcoran Sunshine, led by Steve Gold, heads sales at the 236-unit project.

The second most expensive home to find a buyer was a duplex co-op at 730 Park Avenue, with an asking price of $22.6 million. The apartment last traded in 2014 for $19.4 million.

Unit 10C/11C has drifted on and off the market since 2020, when it was listed for $42 million. The apartment has six bedrooms and eight bathrooms. It also features a fireplace, library, eat-in kitchen and 21-foot ceilings.

Amenities at the building include doormen and a fitness center.

Douglas Elliman’s Lauren Muss and Jamie Mitchell had the listing, along with Adam Modlin of the Modlin Group.

Of the 35 properties to enter contract, 18 were condos, 13 were co-ops, two were condops and two were townhouses.

The properties were priced at a combined $299 million, which works out to an average of $8.6 million and a median of $6 million. The typical home was on the market for nearly two years and was discounted by 12 percent.