For buyers and sellers of Manhattan’s luxury properties, the fall season is on track to live up to its reputation as a typically busy period for the market.
Buyers signed contracts for 31 homes in the borough asking $4 million or more last week, up from 30 in the previous period, according to Olshan Realty’s report. The totals marked the first time since early June that 30 or more properties landed inked deals in two consecutive weeks.
A condo at Extell Development’s Central Park Tower was the priciest home to snag a contract, with an asking price just under $55 million. The 121st floor of 217 West 57th Street, which initially asked more than $65 million when sales launched in 2018, sold to a domestic buyer in an all-cash deal, sources told The Real Deal.
Sources added that the full-floor unit will likely close at a price closer to a similar condo on the 116th floor, which was asking $53 million when it found a buyer. The apartment closed for $46 million in April, a discount of 13 percent.
The condo a few floors up has five bedrooms and five bathrooms. It also features 11-foot-tall floor-to-ceiling windows with views of Central Park.
Amenities in the Billionaires’ Row supertall include indoor and outdoor pools, a fitness center and club room on the 100th floor. The skyscraper, marketed as the tallest residential building in the world, has 178 units, two-thirds of which are now sold, according to data from Marketproof.
An in-house team with Gary Barnett’s firm, led by Gabriele Tonini and Tim Rizzo, and another with Corcoran Sunshine Marketing Group, led by Kane Manera and Janet Wange, are handling sales at Central Park Tower.
The second most expensive home to enter contract was a condo at Zeckendorf Development’s 15 Central Park West, with an asking price of $25 million. Unit 29A, which hit the market in May, spans 3,100 square feet and has three bedrooms and three bathrooms.
The apartment, which also features a library and formal dining room, last traded in 2008 for $10.5 million.
The Robert A.M. Stern-designed building, dubbed “Limestone Jesus,” has amenities such as a fitness center, pool, private restaurant and terrace.
Corcoran’s Deborah Kern had the listing.
Of the 31 properties, 22 were condos, six were co-ops, two were condops and one was a townhouse.
The homes’ combined asking price was $344 million, for an average price of $11.1 million and a median of $7.5 million. The typical home spent about a year and a half on the market and was discounted 10 percent from the original listing price.
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