One other dear deal for a Downtown Manhattan condominium is on the horizon.
A penthouse at 16 Fifth Avenue, asking $45 million, discovered a purchaser final week and nabbed the No. 1 spot in Olshan Realty’s weekly report on Manhattan’s luxurious market. The duplex was certainly one of 34 properties within the borough asking $4 million or extra to land an inked deal between April 20 and April 26, down from 39 within the previous period.
Penthouse 2 spans 6,800 sq. ft and has 5 bedrooms, seven bogs and two terraces. It additionally incorporates a personal elevator, a nook chef’s kitchen and views of Washington Sq. Park.
A group with Corcoran Sunshine Growth Advertising and marketing, together with Tara King-Brown and Ryan Kaplan, is heading gross sales on the 14-unit constructing designed by Robert A.M. Stern.
Madison Realty Capital launched gross sales on the Greenwich Village challenge final 12 months after building points had delayed its progress two years prior. Tenants on the neighboring 10 Fifth Avenue complained of cracks of their partitions after the developer’s crew started excavating the event web site.
The pending deal for the condominium comes as different new developments in Downtown Manhattan are poised to push value boundaries to new heights. In August, Aurora Capital Associates nabbed a signed contract for a penthouse at 140 Jane Road, asking almost $88 million. 4 months later, a purchaser inked a deal for a number of items at 80 Clarkson Road for $129 million.
The second costliest residence to snag a signed contract was additionally in Downtown Manhattan, the place patrons have inked offers for 230 luxurious houses to this point this 12 months. The whole surpassed that of the Higher East Aspect, which has notched 162 signed contracts, and the Higher West Aspect, the place 115 properties have discovered patrons.
The condominium was at Naftali Group’s 275 West tenth Road, a 38-unit constructing within the West Village referred to as the Shephard. The nook condo, which had an asking value of $16.3 million, final traded for $12.6 million in 2022.
Unit 4C spans 3,800 sq. ft and has 4 bedrooms and 4 bogs. It additionally options barrel-vaulted ceilings, an eat-in kitchen and partial views of the Hudson River.
Facilities within the constructing embrace a health club with a basketball court docket and pilates studio, doormen and a landscaped backyard.
Compass’ Hudson Advisory Group, led by Clayton Orrigo and Stephen Ferrara, had the itemizing.
Of the 34 properties, 21 had been condos, eight had been co-ops, one was a condop and 4 had been townhouses.
The houses requested a mixed $280 million, which works out to a mean of $8.2 million and a median of $6.1 million. The everyday residence was in the marketplace for roughly a 12 months and a half and had a reduction of 10 %.
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JDS, Property Markets Group snag deal for 111 W 57th St penthouse
Zeckendorf, Atlas Capital’s 80 Clarkson nabs contract for $129M
A $60M deal at Witkoff’s 150 Charles sets a Downtown Manhattan record
