A duplex at one among Manhattan’s most unique co-ops topped the borough’s luxurious market forward of the Memorial Day Weekend.
The residence at 740 Park Avenue, final asking $22 million, was the priciest of 29 Manhattan properties asking $4 million or extra to seek out patrons between Might 18 and Might 24, in line with Olshan Realty’s weekly report. The full was down from the 38 offers inked within the previous period, although it was on par with the week’s decade common.
Unit 6/7D on the Rosario Candela-designed constructing hit the market in February 2025 with a $28 million asking value. It has 5 bedrooms and 5 loos, 11-foot ceilings, and three wood-burning fireplaces.
The co-op has been house to a few of the metropolis’s most well-known names, together with John D. Rockefeller and Jacqueline Kennedy Onassis, who lived there as a toddler.
Earlier this yr, billionaire hedge funder Ken Griffin paid $38 million for an additional duplex on the constructing, greater than a decade after hedge funder Israel Englander broke the document for the priciest co-op sale in Manhattan when he paid greater than $71 million for his residence within the constructing.
Corcoran’s Cathy Franklin, Alexis Bodenheimer and Shannon Suydam had the itemizing.
The second most costly house to snag an inked deal was a apartment at Extell Development’s 50 West 66th Street, which had a final asking value of $16.7 million. Unit 41W spans 2,800 sq. toes and has three bedrooms and three loos. It additionally options ceilings over 14 toes and a loggia with views of the Hudson River and Central Park.
Because the begin of the yr, 5 condos on the Lincoln Sq. skyscraper have nabbed both the primary or second most costly signed contract in Olshan’s weekly report, together with in April, when Unit 56N discovered a purchaser with an asking value over $35 million.
Douglas Elliman’s Janice Chang, Corcoran’s Hilary Landis and Beth Benalloul and an in-house group with Extell are heading gross sales on the 127-unit constructing. Offers for 90 condos have closed thus far, with gross sales averaging $3,700 per sq. foot.
Facilities within the supertall embody a health middle, indoor and out of doors swimming pools and pickleball courts.
Of the 29 properties to enter contract final week, 17 had been condos, 9 had been co-ops, two had been condops and one was a townhouse.
The properties had been priced at a mixed $228 million, which works out to a median of $7.9 million and a median of $6 million. The everyday house was in the marketplace for greater than a yr and a half and was discounted by 9 %.
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