A deal for a $50 million historic double-wide mansion closed out one of the best months in nearly two decades for the Manhattan luxury market.
The Gilded Age home was one of 29 properties asking at least $4 million with contracts — eight houses and 21 condos — signed last week in Manhattan, according to Olshan’s weekly report. The borough ended May with 183 luxury contracts, the second-highest total since tracking began in 2006.
There were 26 fewer contracts signed than the 55 reported in the previous period, which was the highest weekly total since Nov. 2021.
Built in 1896 for James Goodwin, the cousin and business partner of John Pierpont Morgan, the townhouse most recently served as the headquarters of the US Trust Company. The buyer intends to use the home for personal and business purposes, according to Olshan’s report.
Sitting on a 100-foot lot and spanning 24,000 square feet, the home at 9-11 West 54th Street has 11 primary bedroom suites, 11 staff bedrooms, 10 bathrooms and 12 fireplaces. The parlor floor has ceilings over 13 feet, floor-to-ceiling windows and five Juliet balconies with views of the sculpture garden in the Museum of Modern Art.
The home last sold in 2019 for $55 million and was listed in 2023. Initially asking $63 million, the price was lowered to $49.5 million in Feb. 2024.
Douglas Elliman’s Patricia Vance and Sandra Ripert had the listing.
The second priciest contract last week went to a West Village townhouse asking $22.5 million.
The listing implores potential buyers to “bring your designer,” as the 25-foot-wide Italianate home was gutted down to the studs, but comes with plans fully approved by the city’s Landmarks Preservation Commission and Department of Buildings.
Built in 1860 for ice trader Jacob Huyler, the home has a south-facing garden, three wood-burning fireplaces and terraces.
The property sold in 2020 for $18.8 million to an anonymous buyer, who gutted the home before selling it for $20 million in 2023, according to StreetEasy.
Douglas Elliman’s Fredrik Eklund and John Gomes had the listing.
The eight townhouse contracts marked the highest total since the last week of March 2023.
Homes entering contract last week had a median asking price of $7.3 million, with an average discount from the original asking price of 12 percent.
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