Eighteen contracts were signed last week in Manhattan at $4 million and above,
7 more than the previous week. Condos outsold co-ops, 11-5, and 2 townhouses were in the mix.
Stat Geek Alert: Last week’s No. 1 contract was the biggest sale of the year, eclipsing the $80 million deal of two units sold to one buyer at 220 Central Park South on August 15 of this year. Those units were Villa 8 (6 bedroom duplex, 7,911 sq.ft.) and 20E (a studio, 388 sq.ft).
The No. 1 contract was the 79th floor at 432 Park, asking $92 million, reduced from $135 million when it was listed in September 2021. The full floor has 8,055 square feet including 5 bedrooms, 5 bathrooms, 2 powder rooms, and spectacular views in all directions capturing Central Park and the East and Hudson Rivers. It was designed by architect Hiroshi Sugimoto and features cedar shutters, 60-year-old Bonsai trees, a tea house, and Shukkui plaster walls (a lime plaster system designed in Japan).
The seller purchased the unit for $59,144,362 in May 2016. The sale is particularly significant because the buyers seem to be unfazed by the ongoing $125 million lawsuit filed by the condo board in September 2021 against the developer for structural defects that were reported on Page One of The New York Times.
432 Park is 96 stories high, a concrete-and-glass edifice designed by the late Rafael Vinoly that can be seen from almost anywhere in the 5 boroughs. Amenities include a fitness center, a 75-foot swimming pool, private dining room, parking, a garden, and a children’s playroom.
The No. 2 contract was PH7N at 169 Hudson Street, asking $18.295 million, reduced from $19.8 million when it was listed in March. The duplex condo has 5,269 square feet including 4 bedrooms, 4 bathrooms, and 2 powder rooms. It has 2,500 square feet of outdoor space including a terrace off the master and a rooftop terrace with an infinity pool. Amenities in the 14-unit prewar condo include a doorman, live-in superintendent, fitness center, and storage. The seller purchased the unit a year ago for $16 million.
