Why buy one townhouse when you can buy three?
One buyer did just that, going into contract on a 61-foot-wide Lenox Hill property that consists of three townhouses stitched together. The megamansion was last asking $34.5 million.
The property was one of 55 contracts signed in Manhattan’s luxury market, according to Olshan Realty’s weekly report on properties asking $4 million or more from May 19 to May 25. That total marks the highest since Nov. 2021, which came amid a luxury market boom that hadn’t been since before the 2008 financial crisis.
The three townhouses had been converted into a seven-unit condominium by Mitchel Maidman, the president of Townhouse Management Company, over a decade ago. The condos span more than 17,000 square feet of rentable space, with amenities including two elevators and a 24-hour doorman and concierge.
But the buyer plans to revert the mammoth property into an owner-occupied space, according to Olshan, which was its originally intended use when Maidman bought the three adjoining properties in the early aughts.
Leslie Garfield’s Thomas Wexler and Jed Garfield had the listing.
The second priciest contract last week went to a unit asking $13.9 million at One High Line, the Witkoff Group and Access Industries’ condo project at 500 West 18th Street.
Unit 24A spans almost 3,200 square feet with four bedrooms and four full bathrooms. The home has west and south exposures, with floor-to-ceiling windows in the primary suite. The great room is finished with natural oak chevron floors and all the bathrooms come with radiant floor heating.
The condo is one of two contracts over $10 million secured by the Corcoran Group’s Deborah Kern and Steve Gold, who are overseeing sales at the building along with Corcoran Sunshine Marketing Group.
The 236-unit project closed 2024 with more than $1 billion in sales and has maintained the momentum into 2025. The building provides residents with a 75-foot lap pool and jacuzzi, spa, fitness center, golf simulator, private dining and a porte-cochere.
The market’s banner week included 36 condos, 12 co-ops, two condops and five townhouses put into contract with a median asking price of $6 million. The total contract volume was over $400 million and luxury homes put into contract last week had an average discount of 7 percent from initial asking prices.
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