Builders Victor Sigoura and Genghis Hadi landed a purchaser for the penthouse at their Higher East Aspect undertaking, asking $89.5 million.
The pending deal for the duplex and rooftop house at 1122 Madison Avenue is among the many costliest inked to date this 12 months, second solely to a signed contract for a number of items at Zeckendorf Growth and Atlas Capital’s 80 Clarkson Road asking $129 million (Sources confirmed the sale to The Actual Deal, although the constructing has not but publicly launched details about signed contracts.)
The 9,400-square-foot condo was the priciest of 23 houses in Manhattan asking $4 million or extra to search out patrons final week, in keeping with Olshan Realty’s weekly report. The entire, possible impacted by a shortened President’s Day week, was down from the previous period, which noticed 31 properties enter contract.
Contracts for different condos at 1122 Madison Avenue, asking $39 million and $36.5 million, dominated Manhattan’s luxurious market in Olshan’s earlier report. The constructing, developed by Sigoura’s Legion Funding Group and Genghis’ Nahla Capital, has already sold 18 of its 26 items because it launched gross sales in mid-January. Building on the undertaking is anticipated to be accomplished in 2027.
The penthouse has seven bedrooms, seven bogs and roughly 2,000 sq. ft of outside house throughout three terraces, one loggia and three balconies. It additionally options an eat-in kitchen, library, outside kitchen and double-height nice room with views of Central Park.
A workforce with Corcoran Sunshine Advertising and marketing Group, led by Cathy Franklin, is heading gross sales on the undertaking. Facilities within the constructing embody a health heart, squash courtroom, chilly plunge pool and media room.
The second costliest property to discover a purchaser was a sprawling six-story townhouse in Greenwich Village, asking $21.5 million. The house at 125 West eleventh Road, which hasn’t traded for a number of a long time, hit the market in September 2024 asking $25 million.
In-built 1849, the house is thought for housing many artists through the years, together with sculptor Daniel Chester French, who created the statue of Abraham Lincoln on the Lincoln Memorial in Washington, D.C., and Broadway and Hollywood choreographer Valerie Bettis, in keeping with a StreetEasy itemizing. It was additionally the childhood house of the creator Isabel Fonseca.
The townhouse has 5 bedrooms and 5 bogs throughout roughly 7,900 sq. ft. It additionally options greater than 800 sq. ft of outside house, an elevator and three studio areas.
Compass’ Nick Gavin and Mary Ellen Cashman had the itemizing.
Of the 23 properties to search out patrons, 14 have been condos, 4 have been co-ops, one was a condop and 4 have been townhouses.
The houses requested a mixed $291 million, which works out to a median of $12.7 million and a median of $7.4 million. The standard house was in the marketplace for 2 and a half years and had a reduction of 6 %.
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Legion, Nahla’s 1122 Madison snag Manhattan’s top two deals
Manhattan racks up ultra-rich renters
Brooklyn townhouse development darling expands to Manhattan
