The CEO of American Eagle Outfitters snagged a deal to promote on the Giorgio Armani Residences.
An entity linked to Jay Schottenstein signed a contract to dump an house at 760 Madison Avenue, with an asking value of $25.5 million, in line with Olshan Realty’s weekly report.
The pending deal for the unit comes after Schottenstein’s LLC, the Ohio-based Schottenstein Property Group, bought it for $21.6 million in December 2024. About 4 months later, the manager listed the house for $32.8 million.
Unit 9 on the Lenox Hill constructing spans the whole ground. It has 5 bedrooms and 4 loos throughout 4,500 sq. toes and likewise encompasses a personal elevator touchdown, 10-foot ceilings and an eat-in kitchen.
Facilities within the 10-unit constructing, developed by SL Inexperienced, embrace a doorman, health middle and residents’ lounge.
Douglas Elliman’s Sarway Crew, led by Abraham Sarway, and the Modlin Group had the itemizing.
The Madison Avenue condominium was the priciest of 18 properties in Manhattan asking $4 million or extra to snag an inked deal final week. The entire was down from 27 contracts signed within the previous period, although it was on par with the last decade common for the third week of July — usually a slower time of the 12 months for luxurious offers.
The second costliest house to enter contract was a maisonette at 150 Charles Street, with an asking value of $21.5 million. The triplex, which hit the market final month, final traded for just below $10 million in 2015.
The condominium spans 4,300 sq. toes and has 5 bedrooms and 5 loos, together with a terrace and chef’s kitchen. The pending deal additionally comes with a deeded parking house.
Facilities within the 91-unit West Village constructing, developed by the Witkoff Group, embrace doormen, a health middle and lap pool.
Serhant’s Steiner Heydt Crew, together with Frayda Resnick, Alex Heydt, Anthony Spadaro and Lesley Steiner, had the itemizing.
Of the 18 properties to search out patrons, 10 have been condos, six have been co-ops and two have been townhouses.
The properties have been priced at a mixed $136 million, which works out to a median of $7.6 million and a median of $5.4 million. The everyday house was in the marketplace for lower than a 12 months and was discounted by 9 p.c.
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New dev deals sink as Manhattan luxury contends with shrinking pipeline
American Eagle CEO buys $22 million pad at Armani Residences
A $60M deal at Witkoff’s 150 Charles sets a Downtown Manhattan record
