A West Village megamansion and a full-floor rental at the Flatiron Building topped a banner week for Manhattan’s luxurious market.
Regardless of the Easter and Passover holidays, patrons signed contracts for 31 properties within the borough asking $4 million or extra between March 30 and April 5, in line with Olshan Realty’s weekly report. The entire — which included inked offers for 9 properties in Downtown Manhattan asking $10 million or extra — was down from 33 within the previous period.
A double-wide townhouse at 105-107 Banks Avenue snagged a $70 million signed contract final week for the No. 1 spot within the weekly report. The 40-foot-wide house, which hit the market in October with a $75 million asking value, spans 13,000 sq. ft and has six bedrooms.
Roundsquare Builders bought the 2 walkups in 2021 and 2022, after they have been configured as separate rental items, for a complete of $18.1 million. The developer tapped Robert A.M. Stern to design and oversee the years-long mixture and renovation course of. One of many properties included an house that musician John Lennon and his spouse, Yoko Ono, rented within the Seventies.
The pending deal stands to interrupt the downtown gross sales report, which was set in 2024 when one other outsized townhouse in Greenwich Village traded for $72.5 million. The house additionally options an elevator, sauna, wine cellar and a number of out of doors areas.
Leslie J. Garfield’s Matthew Lesser has the itemizing, and Nikki Area of Sotheby’s Worldwide represented the client.
The second priciest house to enter contract final week was the twenty first flooring on the Flatiron Constructing conversion undertaking, led by the Brodsky Group and Sorgente Group. The house at 175 Fifth Avenue final requested $58.5 million.
Unit 21 on the under-construction constructing could have 5 bedrooms and 5 loos. It is going to additionally function 13-foot ceilings, a balcony and views of Madison Sq. Park. Facilities deliberate for the 36-unit constructing embrace a health club, lap pool, sauna, chilly plunge and residents’ lounge.
One other full-floor rental on the constructing landed on the high of Olshan’s earlier report after discovering a purchaser with an asking value beneath $31 million. Thus far this yr, three items on the constructing, which quietly launched gross sales within the fall, have snagged one of many high two spots in weekly contract reviews.
A group with Corcoran Sunshine Advertising Group, led by Angela DeCecchis and Michele Hinojos, is heading gross sales on the undertaking.
Of the 31 properties, 21 have been condos, seven have been co-ops and three have been townhouses.
The properties requested a mixed $367 million, which works out to a mean of $11.8 million and a median of $6.5 million. The standard house was available on the market for almost two years and had a reduction of two %.
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