A trophy apartment at Extell Development’s Central Park Tower nabbed a purchaser final week, topping a gradual week for luxurious offers forward of the Fourth of July.
A full-floor unit at 217 West 57th Road, final asking $54.9 million, was the priciest of simply 15 properties in Manhattan asking $4 million or extra to enter contract between June 29 and July 5, in keeping with Olshan Realty’s weekly report.
The whole was down sharply from 27 contracts signed within the earlier week. The slowdown was doubtless because of the vacation, although the variety of pending offers nonetheless fell in need of the last decade common of 19 contracts for the week of July 4th.
Gary Barnett’s agency listed the 113th ground of the Billionaires’ Row tower for $63 million when it started advertising and marketing items in 2018. The 7,000-square-foot unit has 5 bedrooms, 5 full loos and a library. It additionally options floor-to-ceiling home windows, a 50-foot nice room and a kitchen with views of Central Park.
The inked deal comes after an analogous unit on the 121st ground closed for $47.5 million in November, touchdown among the many 10 priciest residential gross sales in New York Metropolis final 12 months. One other apartment on the supertall, Unit 82E, topped Olshan’s weekly report in February, when it discovered a purchaser at an asking worth of $26.7 million.
Facilities on the 179-unit constructing, which is marketed because the world’s tallest residential skyscraper, embody indoor and outside swimming pools, a health heart and a membership room on the a centesimal ground.
A group with Extell Growth Advertising, led by Gabriele Tonini, heads gross sales on the constructing. Douglas Elliman’s Liza Nematnejad introduced the client.
The second most costly dwelling to discover a purchaser was at 432 Park Avenue, with an asking worth of $25.8 million. The sellers paid $31.5 million for the condo in 2019 and listed it for $33 million 5 years later, decreasing the asking worth a number of instances earlier than securing a signed contract final week.
Unit 94A on the Billionaires’ Row supertall spans almost 4,000 sq. toes and has 4 bedrooms and three full loos. It additionally options ceilings over 12 toes and views of Central Park and the East River.
Serhant’s Past Staff, led by Marc Riedel, Jordyn Nusynowitz, Ashley Brooke and Christine Calvo, had the itemizing.
The skyscraper is on the heart of a long-running legal feud between patrons and the constructing’s builders, Harry Macklowe’s Macklowe Properties and CIM Group. In court docket paperwork, apartment homeowners allege that the constructing has a number of building defects, together with noise points, flooding, and cracks within the partitions, which the builders knew about however hid from patrons.
The builders have beforehand denied any wrongdoing and have known as the homeowners’ claims “vastly exaggerated” in court docket filings.
Of the 15 properties to enter contract, 11 have been condos, two have been co-ops and two have been townhouses.
The properties have been priced at a mixed $153 million, which works out to a median of $10.2 million and a median of $5.7 million. The everyday dwelling was in the marketplace for greater than a 12 months and was discounted by 13 p.c.
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