Legion Funding Group and Nahla Capital discovered a purchaser for a $40.5 million unit at 1122 Madison Avenue, because the mission nears sellout.
The nineteenth flooring on the Higher East Facet improvement was the priciest of 26 properties in Manhattan asking $4 million or extra to nab signed contracts final week, in accordance with Olshan Realty’s weekly report. The entire was up from 21 pending offers logged within the previous period.
The 5,300-square-foot apartment has 5 bedrooms, 5 bogs and two balconies. It was certainly one of 24 on the 26-unit constructing to land an inked deal since gross sales launched in January, together with its almost $90 million penthouse, which entered contract in February. The pending offers have a mean asking worth of roughly $5,400 per sq. foot.
Simply two items stay on the 22-story constructing, each with asking costs just below $39 million. The builders anticipate to finish development within the fall of 2027, with deliberate facilities together with a health middle, squash courtroom and chilly plunge pool.
A workforce with Corcoran Sunshine Growth Advertising, led by Cathy Franklin, is heading gross sales on the mission.
The second costliest residence to snag an inked deal was a duplex apartment at 150 West twelfth Avenue, with an asking worth just below $19 million. The condo, which final traded for roughly $12 million in 2022, hit the market earlier this yr asking near $20 million.
Unit 3West spans 4,200 sq. toes and has 5 bedrooms and 5 bogs. It additionally incorporates a 45-foot nice room and a landscaped terrace overlooking West twelfth Avenue.
The apartment is a part of a posh, together with over 190 residences and 5 townhouses, often known as the Greenwich Lane. Facilities on the mission, developed by the Rudin household and World Holdings, embrace doormen, parking, a health middle and pool.
Compass’ Rachel Glazer had the itemizing.
Of the 26 properties to search out patrons, 19 have been condos, 4 have been co-ops, 1 was a condop and two have been townhouses.
The properties have been priced at a mixed $228 million, which works out to a mean of $8.8 million and a median of $7.4 million. The everyday residence was available on the market for greater than a yr and was discounted by 2 %.
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