JDS Growth and Property Markets Group discovered a purchaser for the second-to-last remaining condo at its Billionaires’ Row skyscraper.
Final week, a purchaser signed a contract for a penthouse at 111 West 57th Road, asking $45 million, bringing the supertall nearer to sellout after practically a decade of gross sales. The inked deal topped Olshan Realty’s weekly report on offers for Manhattan properties asking $4 million or extra.
Unit PH76 was certainly one of 39 houses asking $4 million or extra within the borough to land inked offers between April 13 and April 19. The whole was on par with the previous period, when 38 luxurious properties discovered consumers, although the variety of trophy properties — outlined as houses asking $10 million or extra — final week hit 10, which is the very best complete in a minimum of a decade.
The duplex initially requested roughly $55 million when the builders first began advertising and marketing items off of flooring plans in 2016. It spans greater than 6,500 sq. toes and has 4 bedrooms and 4 bogs. It additionally options 14-foot ceilings, a terrace and views of Central Park.
The supertall remains to be searching for a purchaser for its quadplex, which is now asking $98 million after hitting the marketplace for $110 million a yr in the past. The penthouse, as marketed, is a mix of two duplexes.
The Nikki Subject Crew with Sotheby’s Worldwide is heading gross sales on the 60-unit constructing, the place residences have closed for a median of $4,300 per sq. foot. Its facilities embody a health heart, pool, terrace and personal eating room.
The second costliest dwelling to nab a signed contract was a apartment at Extell Development’s 50 West 66th Street, with an asking value of $35.5 million.
Unit 56N spans 4,900 sq. toes and has 4 bedrooms and 5 bogs. It additionally options two loggias, ceiling heights over 14 toes and views of Central Park.
The apartment is certainly one of 4 on the Lincoln Square tower to steal the No. 1 or No. 2 spot in Olshan’s weekly report, together with within the earlier interval, when Unit 40N discovered a purchaser with an asking value of $23.5 million.
Of the constructing’s 121 condos, 90 have closed thus far for a median of $3,300 per sq. foot. The constructing’s facilities embody indoor and out of doors swimming pools, pickleball courts and a screening room.
Gross sales on the tower are led by Douglas Elliman’s Janice Chang, Corcoran’s Hilary Landis and Beth Benalloul, in addition to an in-house crew with Extell Growth Advertising and marketing.
Of the 39 properties, 28 have been condos, 4 have been co-ops and 7 have been townhouses.
The houses requested a mixed $371 million, which works out to a median of $9.5 million and a median of $7.7 million. The standard dwelling was available on the market for 2 years and had a reduction of 9 %.
Learn extra
Upper West Side condos dominate Manhattan luxury contracts
JDS, PMG’s 111 West 57th Street snags top Manhattan contract, nears sellout
Top new dev broker buys 50 W 66th St condo for $18M
