A rental on the much-anticipated Flatiron Constructing conversion snagged the priciest deal inked in Manhattan final week.
Unit 8-North at 175 Fifth Avenue, which final requested $17.6 million, was one in every of 36 properties within the borough asking $4 million or extra to seek out patrons between Might 4 and Might 10, in keeping with Olshan Realty’s weekly report. The full was up from 29 properties within the previous period.
The three,900-square-foot condo can have 4 bedrooms and 4 bogs. It should additionally characteristic views of Madison Sq. Park, ceilings over 10 toes and an open kitchen.
Deliberate facilities within the 22-story constructing, developed by the Brodsky Group and Sorgente Group, embody a health middle, lap pool, sauna, chilly plunge and residents’ lounge.
A group with Corcoran Sunshine Growth Advertising, led by Angeli DeCeccis and Michele Hinojos, is heading gross sales on the growth, which quietly started buying its 38 items within the fall.
Up to now, the costliest dwelling within the constructing to snag a signed contract was a full-floor rental asking almost $59 million. Unit 21, which discovered a purchaser final month, spans 7,400 sq. toes and has 5 bedrooms, 5 bogs and a small terrace.
Days earlier than, one other unit on the conversion nabbed an inked cope with an asking worth of $30.5 million. The condo was initially deliberate as two separate items, however the developer will now mix the 2 seventh-floor condos right into a single dwelling spanning 7,700 sq. toes and 7 bedrooms.
The second costliest property to discover a purchaser was a co-op at 993 Fifth Avenue, which had an asking worth of $15.3 million. The condo first hit the market in 2024 with an asking worth of $19.3 million.
The fourth-floor co-op spans roughly 5,000 sq. toes and has six bedrooms and 6 bogs. It additionally options views of the Metropolitan Museum of Artwork. The landmarked constructing, designed by Emery Roth, has a health club and 24-hour doormen.
Compass’ Melissa Ryan Kaiser and Cindy Miao had the itemizing.
Of the 36 properties to enter contract final week, 25 have been condos, 9 have been co-ops, one was a condop and one was a townhouse.
The properties requested a mixed $271 million, which works out to a mean of $7.5 million and a median of $5.6 million. The standard dwelling was available on the market for a 12 months and had a reduction of 4 %.
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